AW1: AW1 engages GreenMet to advance US critical metal strategy

Original announcement by asx on

Company
American West Metals Limited
Ticker
AW1
Exchange
ASX
Region
Utah
Primary commodity
Indium
Secondary commodities
Zinc, Copper, Silver, Gold
Document categories
Resource update, Agreement transaction
Extracted
2026-09-22 00:31:27 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

American West Metals Limited has engaged GreenMet, a Washington D.C. consultancy, to advance its US critical metals strategy for the West Desert Project in Utah. The project hosts one of the world's largest undeveloped indium deposits, a critical metal for which the US currently relies entirely on imports. The engagement aims to secure government funding and strategic partnerships, leveraging the project's JORC 2012 compliant resource estimates for indium, zinc, copper, and silver, though these estimates are re-stated from prior announcements.

Reasoning: American West Metals is strategically advancing its West Desert Project, which hosts a significant indium deposit, by engaging a Washington D.C. consultancy to strengthen its US critical metals supply chain strategy and pursue government funding. While the resource figures are re-stated, the strategic engagement is a positive development for the project's future.

Positive factors

  • Strategic government engagement for critical metals
  • Focus on securing domestic supply chain for indium
  • Large, JORC/NI 43-101 compliant indium resource
  • Potential for government funding and strategic partnerships

Negative factors

  • Resource estimates are re-stated from prior announcements, not new data
  • Indium and gold resources are entirely in the Inferred category
  • Resource estimates are over two years old

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 55

Classification and evidence

QP/CP Signedpositive

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

Why it applies: The resource estimate is based upon information compiled by Mr Allan Schappert, a Competent Person and Member of the American Institute of Professional Geologists (AIPG).

Evidence · text

“The information in this announcement that relates to the estimate of Mineral Resources for the West Desert Deposit is based upon, and fairly represents, information and supporting documentation compiled by Mr Allan Schappert, a Competent Person, who is a Member of the American Institute of Professional Geologists (AIPG).”

JORC Compliantpositive

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

Why it applies: The MRE tables for the West Desert deposit are reported in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves under JORC Code – 2012.

Evidence · text

“The MRE tables for the West Desert deposit are reported in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves under JORC Code – 2012.”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document refers to prior ASX releases for details on the Maiden JORC MRE (9 February 2023) and Indium resource (13 December 2023), indicating this announcement is an update or re-statement of existing resources.

Evidence · text

“For further details see the ASX Releases dated 9 February 2023: ‘Maiden JORC MRE for West Desert’, and 13 December 2023: ‘23.8 Million Ounces of Indium Defined at West Desert’.”

Inferred Resourcenegative

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

Why it applies: All indium and gold resources, and a significant portion of zinc, copper, and silver resources, are classified as Inferred, indicating a lower level of geological confidence.

Evidence · table

“Inferred”

Context: 6,318,875

All Inferrednegative

100% of resource is Inferred category — very early stage, no engineering confidence.

Why it applies: Table 6 explicitly states 'JORC 2012 compliant West Desert Indium and Gold Inferred Resource', indicating that all reported indium and gold resources are in the inferred category.

Evidence · table

“JORC 2012 compliant West Desert Indium and Gold Inferred Resource.”

Stale Estimatenegative

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

Why it applies: The effective dates for the resource estimates are 9 February 2023 and 13 December 2023, while the announcement date is 22 September 2026, making the estimates over two years old.

Evidence · text

“For further details see the ASX Releases dated 9 February 2023: ‘Maiden JORC MRE for West Desert’, and 13 December 2023: ‘23.8 Million Ounces of Indium Defined at West Desert’.”

Extracted facts

Stored fact records: 55. Some facts used in scoring do not have a stored record.

Resource Estimates (55)

inferredWest Desert Project · indiumTonnes: 15531071Grade: 10.8Grade Unit: g/tContained Metal: 5916698Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
indium
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:b8e0ef5f7799937649bb
Deposit or zone
West Desert Deposit
Material type
oxide

Resource Data

Category
inferred
Tonnes
15531071
Grade
10.8
Grade Unit
g/t
Contained Metal
5916698
Contained Unit
oz

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for indium, highlighting the project's critical metal potential, but with lower confidence due to its category and lack of novelty.

Positive factors

  • Significant inferred resource for indium in oxide open pit material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“10.8”

Context: 15,531,071

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

inferredWest Desert Project · goldTonnes: 15531071Grade: 0.09Grade Unit: g/tContained Metal: 49306Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
gold
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:b8e0ef5f7799937649bb
Deposit or zone
West Desert Deposit
Material type
oxide

Resource Data

Category
inferred
Tonnes
15531071
Grade
0.09
Grade Unit
g/t
Contained Metal
49306
Contained Unit
oz

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for gold, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.09”

Context: 15,531,071

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

inferredWest Desert Project · indiumTonnes: 3140102Grade: 23.89Grade Unit: g/tContained Metal: 2646148Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
indium
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:ae17367780e19868b6cf
Deposit or zone
West Desert Deposit
Material type
sulphide

Resource Data

Category
inferred
Tonnes
3140102
Grade
23.89
Grade Unit
g/t
Contained Metal
2646148
Contained Unit
oz

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for indium, highlighting the project's critical metal potential, but with lower confidence due to its category and lack of novelty.

Positive factors

  • Significant inferred resource for indium in sulphide open pit material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“23.89”

Context: 3,140,102

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

inferredWest Desert Project · goldTonnes: 3140102Grade: 0.1Grade Unit: g/tContained Metal: 11076Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
gold
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:ae17367780e19868b6cf
Deposit or zone
West Desert Deposit
Material type
sulphide

Resource Data

Category
inferred
Tonnes
3140102
Grade
0.1
Grade Unit
g/t
Contained Metal
11076
Contained Unit
oz

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for gold, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.10”

Context: 3,140,102

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

inferredWest Desert Project · indiumTonnes: 14996864Grade: 28.73Grade Unit: g/tContained Metal: 15198136Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
indium
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:10b364eeb139350a6e12
Deposit or zone
West Desert Deposit
Material type
sulphide

Resource Data

Category
inferred
Tonnes
14996864
Grade
28.73
Grade Unit
g/t
Contained Metal
15198136
Contained Unit
oz

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for indium, highlighting the project's critical metal potential, but with lower confidence due to its category and lack of novelty.

Positive factors

  • Significant inferred resource for indium in sulphide underground material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“28.73”

Context: 14,996,864

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

inferredWest Desert Project · goldTonnes: 14996864Grade: 0.12Grade Unit: g/tContained Metal: 63480Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
gold
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:10b364eeb139350a6e12
Deposit or zone
West Desert Deposit
Material type
sulphide

Resource Data

Category
inferred
Tonnes
14996864
Grade
0.12
Grade Unit
g/t
Contained Metal
63480
Contained Unit
oz

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for gold, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.12”

Context: 14,996,864

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

indicatedWest Desert Project · zincTonnes: 27349163Grade: 1037278Grade Unit: tContained Metal: 1037278Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:63e54793daff09628543
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
27349163
Grade
1037278
Grade Unit
t
Contained Metal
1037278
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for zinc, contributing to the overall project potential but lacking novelty.

Positive factors

  • Significant indicated resource tonnage for zinc

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“1,037,278”

Context: 27,349,163

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · copperTonnes: 27349163Grade: 0.14Grade Unit: %Contained Metal: 40588Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:63e54793daff09628543
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
27349163
Grade
0.14
Grade Unit
%
Contained Metal
40588
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for copper, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for copper

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“0.14”

Context: 27,349,163

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · silverTonnes: 27349163Grade: 9.53Grade Unit: g/tContained Metal: 8376494Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:63e54793daff09628543
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
27349163
Grade
9.53
Grade Unit
g/t
Contained Metal
8376494
Contained Unit
oz

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for silver, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for silver

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“9.53”

Context: 27,349,163

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 6318875Grade: 253626Grade Unit: tContained Metal: 253626Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:dd1ef629870b5c9c7cf0
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6318875
Grade
253626
Grade Unit
t
Contained Metal
253626
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“253,626”

Context: 6,318,875

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · copperTonnes: 6318875Grade: 0.13Grade Unit: %Contained Metal: 8465Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:dd1ef629870b5c9c7cf0
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6318875
Grade
0.13
Grade Unit
%
Contained Metal
8465
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for copper, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.13”

Context: 6,318,875

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 6318875Grade: 7.13Grade Unit: g/tContained Metal: 1440285Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:dd1ef629870b5c9c7cf0
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6318875
Grade
7.13
Grade Unit
g/t
Contained Metal
1440285
Contained Unit
oz

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for silver, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“7.13”

Context: 6,318,875

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 33668038Grade: 1290904Grade Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:586a86b63975ad63a4a1
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
33668038
Grade
1290904
Grade Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“1,290,904”

Context: 33,668,038

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

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 3.6 years before this release

inferredWest Desert Project · copperTonnes: 33668038Grade: 0.15Grade Unit: %Contained Metal: 49053Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:586a86b63975ad63a4a1
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
33668038
Grade
0.15
Grade Unit
%
Contained Metal
49053
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.15”

Context: 33,668,038

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 33668038Grade: 9.08Grade Unit: g/tContained Metal: 9816779Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:586a86b63975ad63a4a1
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
33668038
Grade
9.08
Grade Unit
g/t
Contained Metal
9816779
Contained Unit
oz

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“9.08”

Context: 33,668,038

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · zincTonnes: 4493988Grade: 59446Grade Unit: tContained Metal: 59446Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:fcf20bd184971c5e4dd5
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
4493988
Grade
59446
Grade Unit
t
Contained Metal
59446
Contained Unit
t
Cutoff Grade
0.7
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit heap leach oxide zinc, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit heap leach oxide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“59,446”

Context: 4,493,988

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · copperTonnes: 4493988Grade: 0.07Grade Unit: %Contained Metal: 3304Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:fcf20bd184971c5e4dd5
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
4493988
Grade
0.07
Grade Unit
%
Contained Metal
3304
Contained Unit
t
Cutoff Grade
0.7
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit heap leach oxide copper, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit heap leach oxide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“0.07”

Context: 4,493,988

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · silverTonnes: 4493988Grade: 9.17Grade Unit: g/tContained Metal: 1324438Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:fcf20bd184971c5e4dd5
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
4493988
Grade
9.17
Grade Unit
g/t
Contained Metal
1324438
Contained Unit
oz
Cutoff Grade
0.7
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit heap leach oxide silver, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit heap leach oxide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“9.17”

Context: 4,493,988

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 528095Grade: 6845Grade Unit: tContained Metal: 6845Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:95df99384b1128a98604
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
528095
Grade
6845
Grade Unit
t
Contained Metal
6845
Contained Unit
t
Cutoff Grade
0.7
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit heap leach oxide zinc, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“6,845”

Context: 528,095

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · copperTonnes: 528095Grade: 0.04Grade Unit: %Contained Metal: 211Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:95df99384b1128a98604
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
528095
Grade
0.04
Grade Unit
%
Contained Metal
211
Contained Unit
t
Cutoff Grade
0.7
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit heap leach oxide copper, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.04”

Context: 528,095

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 528095Grade: 10.92Grade Unit: g/tContained Metal: 185387Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:95df99384b1128a98604
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
528095
Grade
10.92
Grade Unit
g/t
Contained Metal
185387
Contained Unit
oz
Cutoff Grade
0.7
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit heap leach oxide silver, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“10.92”

Context: 528,095

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 5022083Grade: 66291Grade Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:f908f6352966dfd2b620
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5022083
Grade
66291
Grade Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“66,291”

Context: 5,022,083

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

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 3.6 years before this release

inferredWest Desert Project · copperTonnes: 5022083Grade: 0.07Grade Unit: %Contained Metal: 3515Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:f908f6352966dfd2b620
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5022083
Grade
0.07
Grade Unit
%
Contained Metal
3515
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.07”

Context: 5,022,083

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 5022083Grade: 9.35Grade Unit: g/tContained Metal: 1509825Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:f908f6352966dfd2b620
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5022083
Grade
9.35
Grade Unit
g/t
Contained Metal
1509825
Contained Unit
oz

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“9.35”

Context: 5,022,083

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · zincTonnes: 9719064Grade: 333737Grade Unit: tContained Metal: 333737Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:f12a0dea16ecc71d702a
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9719064
Grade
333737
Grade Unit
t
Contained Metal
333737
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit mill leach oxide zinc, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit mill leach oxide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“333,737”

Context: 9,719,064

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · copperTonnes: 9719064Grade: 0.12Grade Unit: %Contained Metal: 11630Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:f12a0dea16ecc71d702a
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9719064
Grade
0.12
Grade Unit
%
Contained Metal
11630
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit mill leach oxide copper, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit mill leach oxide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“0.12”

Context: 9,719,064

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · silverTonnes: 9719064Grade: 10.96Grade Unit: g/tContained Metal: 3425247Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:f12a0dea16ecc71d702a
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9719064
Grade
10.96
Grade Unit
g/t
Contained Metal
3425247
Contained Unit
oz
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit mill leach oxide silver, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit mill leach oxide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“10.96”

Context: 9,719,064

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 789925Grade: 21034Grade Unit: tContained Metal: 21034Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:aac782d226b731735fc3
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
789925
Grade
21034
Grade Unit
t
Contained Metal
21034
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit mill leach oxide zinc, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“21,034”

Context: 789,925

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · copperTonnes: 789925Grade: 0.09Grade Unit: %Contained Metal: 747Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:aac782d226b731735fc3
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
789925
Grade
0.09
Grade Unit
%
Contained Metal
747
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit mill leach oxide copper, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.09”

Context: 789,925

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 789925Grade: 8.98Grade Unit: g/tContained Metal: 228008Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:aac782d226b731735fc3
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
789925
Grade
8.98
Grade Unit
g/t
Contained Metal
228008
Contained Unit
oz
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit mill leach oxide silver, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“8.98”

Context: 789,925

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 10508988Grade: 354771Grade Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:5ce917f020366a2f436a
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
10508988
Grade
354771
Grade Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“354,771”

Context: 10,508,988

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

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 3.6 years before this release

inferredWest Desert Project · copperTonnes: 10508988Grade: 0.12Grade Unit: %Contained Metal: 12377Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:5ce917f020366a2f436a
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
10508988
Grade
0.12
Grade Unit
%
Contained Metal
12377
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.12”

Context: 10,508,988

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 10508988Grade: 10.81Grade Unit: g/tContained Metal: 3653255Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:5ce917f020366a2f436a
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
10508988
Grade
10.81
Grade Unit
g/t
Contained Metal
3653255
Contained Unit
oz

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“10.81”

Context: 10,508,988

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · zincTonnes: 3074980Grade: 92108Grade Unit: tContained Metal: 92108Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:edde02a678bb12a18052
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
3074980
Grade
92108
Grade Unit
t
Contained Metal
92108
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit mill flotation sulphide zinc, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit mill flotation sulphide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“92,108”

Context: 3,074,980

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · copperTonnes: 3074980Grade: 0.19Grade Unit: %Contained Metal: 5780Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:edde02a678bb12a18052
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
3074980
Grade
0.19
Grade Unit
%
Contained Metal
5780
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit mill flotation sulphide copper, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit mill flotation sulphide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“0.19”

Context: 3,074,980

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · silverTonnes: 3074980Grade: 13.84Grade Unit: g/tContained Metal: 1367936Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:edde02a678bb12a18052
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
3074980
Grade
13.84
Grade Unit
g/t
Contained Metal
1367936
Contained Unit
oz
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for open-pit mill flotation sulphide silver, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for open-pit mill flotation sulphide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“13.84”

Context: 3,074,980

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 65122Grade: 1719Grade Unit: tContained Metal: 1719Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:36f0b5f49c09ece8f3cf
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
65122
Grade
1719
Grade Unit
t
Contained Metal
1719
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit mill flotation sulphide zinc, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“1,719”

Context: 65,122

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · copperTonnes: 65122Grade: 0.12Grade Unit: %Contained Metal: 78Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:36f0b5f49c09ece8f3cf
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
65122
Grade
0.12
Grade Unit
%
Contained Metal
78
Contained Unit
t
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit mill flotation sulphide copper, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.12”

Context: 65,122

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 65122Grade: 11.7Grade Unit: g/tContained Metal: 24487Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:36f0b5f49c09ece8f3cf
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
65122
Grade
11.7
Grade Unit
g/t
Contained Metal
24487
Contained Unit
oz
Cutoff Grade
1.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for open-pit mill flotation sulphide silver, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“11.70”

Context: 65,122

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 3140102Grade: 93826Grade Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:7085a41ea4e36c531cd7
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3140102
Grade
93826
Grade Unit
t

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for indium, highlighting the project's critical metal potential, but with lower confidence due to its category and lack of novelty. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant inferred resource for indium in sulphide open pit material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“93,826”

Context: 3,140,102

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

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 2.8 years before this release

inferredWest Desert Project · copperTonnes: 3140102Grade: 0.21Grade Unit: %Contained Metal: 5858Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:7085a41ea4e36c531cd7
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3140102
Grade
0.21
Grade Unit
%
Contained Metal
5858
Contained Unit
t

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for indium, highlighting the project's critical metal potential, but with lower confidence due to its category and lack of novelty. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant inferred resource for indium in sulphide open pit material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.21”

Context: 3,140,102

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

inferredWest Desert Project · silverTonnes: 3140102Grade: 13.79Grade Unit: g/tContained Metal: 1392423Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:7085a41ea4e36c531cd7
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3140102
Grade
13.79
Grade Unit
g/t
Contained Metal
1392423
Contained Unit
oz

Prior Estimate

Resource Date
2023-12-13

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-12-13T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for indium, highlighting the project's critical metal potential, but with lower confidence due to its category and lack of novelty. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Significant inferred resource for indium in sulphide open pit material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“13.79”

Context: 3,140,102

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 2.8 years before this release

indicatedWest Desert Project · zincTonnes: 10061132Grade: 551988Grade Unit: tContained Metal: 551988Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:2626a29c949ec8c76c2d
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10061132
Grade
551988
Grade Unit
t
Contained Metal
551988
Contained Unit
t
Cutoff Grade
3.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for underground mill flotation sulphide zinc, contributing to the overall project potential but lacking novelty.

Positive factors

  • Significant indicated resource tonnage for underground mill flotation sulphide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“551,988”

Context: 10,061,132

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · copperTonnes: 10061132Grade: 0.2Grade Unit: %Contained Metal: 19874Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:2626a29c949ec8c76c2d
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10061132
Grade
0.2
Grade Unit
%
Contained Metal
19874
Contained Unit
t
Cutoff Grade
3.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for underground mill flotation sulphide copper, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for underground mill flotation sulphide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“0.20”

Context: 10,061,132

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

indicatedWest Desert Project · silverTonnes: 10061132Grade: 6.98Grade Unit: g/tContained Metal: 2258872Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:2626a29c949ec8c76c2d
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
10061132
Grade
6.98
Grade Unit
g/t
Contained Metal
2258872
Contained Unit
oz
Cutoff Grade
3.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated indicated resource for underground mill flotation sulphide silver, contributing to the overall project potential but lacking novelty.

Positive factors

  • Indicated resource for underground mill flotation sulphide material

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old

Evidence · table

“6.98”

Context: 10,061,132

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 4935733Grade: 224026Grade Unit: tContained Metal: 224026Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:7380cd29be76240f17a5
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4935733
Grade
224026
Grade Unit
t
Contained Metal
224026
Contained Unit
t
Cutoff Grade
3.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for underground mill flotation sulphide zinc, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“224,026”

Context: 4,935,733

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · copperTonnes: 4935733Grade: 0.15Grade Unit: %Contained Metal: 7429Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:7380cd29be76240f17a5
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4935733
Grade
0.15
Grade Unit
%
Contained Metal
7429
Contained Unit
t
Cutoff Grade
3.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for underground mill flotation sulphide copper, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.15”

Context: 4,935,733

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 4935733Grade: 6.36Grade Unit: g/tContained Metal: 1009632Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:7380cd29be76240f17a5
Deposit or zone
West Desert Deposit
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4935733
Grade
6.36
Grade Unit
g/t
Contained Metal
1009632
Contained Unit
oz
Cutoff Grade
3.5
Cutoff Unit
% Zn

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for underground mill flotation sulphide silver, contributing to the overall project potential but with lower confidence and lacking novelty.

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“6.36”

Context: 4,935,733

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · zincTonnes: 14996865Grade: 776014Grade Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
zinc
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:ffd94b4c9b8728520538
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
14996865
Grade
776014
Grade Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“776,014”

Context: 14,996,865

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

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 3.6 years before this release

inferredWest Desert Project · copperTonnes: 14996865Grade: 0.18Grade Unit: %Contained Metal: 26940Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
copper
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:ffd94b4c9b8728520538
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
14996865
Grade
0.18
Grade Unit
%
Contained Metal
26940
Contained Unit
t

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“0.18”

Context: 14,996,865

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredWest Desert Project · silverTonnes: 14996865Grade: 6.78Grade Unit: g/tContained Metal: 3268503Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
West Desert Project
Commodity
silver
Region
usa_ut
Reported Region
Utah
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Allan Schappert
Resource group id
resource:ffd94b4c9b8728520538
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
14996865
Grade
6.78
Grade Unit
g/t
Contained Metal
3268503
Contained Unit
oz

Prior Estimate

Resource Date
2023-02-09

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-02-09T00:00:00.000Z

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: This is a re-stated inferred resource for zinc, contributing to the overall project potential but with lower confidence and lacking novelty. (Expanded from multi-commodity resource table for completeness.)

Negative factors

  • Resource estimate is re-stated from a prior announcement
  • Resource estimate is over two years old
  • Inferred category indicates lower confidence

Evidence · table

“6.78”

Context: 14,996,865

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

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Stale Estimatenegative

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

Why it applies: effective date is 3.6 years before this release

inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 15531071Grade: 0.09Grade Unit: g/tContained Metal: 49306Contained Unit: ozView all details
Link to this fact

Identity

Project
JORC 2012 compliant West Desert Indium and
Commodity
gold
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
Resource group id
resource:7b1cc7206d4cf47f0906
Mining method
combined
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
15531071
Grade
0.09
Grade Unit
g/t
Contained Metal
49306
Contained Unit
oz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.09”

Context: 15,531,071

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

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 3140102Grade: 0.1Grade Unit: g/tContained Metal: 11076Contained Unit: ozView all details
Link to this fact

Identity

Project
JORC 2012 compliant West Desert Indium and
Commodity
gold
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
Resource group id
resource:86356110bf5feeb31ebb
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3140102
Grade
0.1
Grade Unit
g/t
Contained Metal
11076
Contained Unit
oz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.10”

Context: 3,140,102

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

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 14996864Grade: 0.12Grade Unit: g/tContained Metal: 63480Contained Unit: ozView all details
Link to this fact

Identity

Project
JORC 2012 compliant West Desert Indium and
Commodity
gold
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
Resource group id
resource:efc042442befbb0aa754
Mining method
combined
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
14996864
Grade
0.12
Grade Unit
g/t
Contained Metal
63480
Contained Unit
oz

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“0.12”

Context: 14,996,864

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

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

inferredJORC 2012 compliant West Desert Indium and · goldTonnes: 0.1Grade: 118761Grade Unit: g/tView all details
Link to this fact

Identity

Project
JORC 2012 compliant West Desert Indium and
Commodity
gold
Ticker
AW1

Resource scope

Estimate type
resource
Reporting standards
ni_43_101, jorc
Resource group id
resource:a5891e453fd0766e1fd4
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
0.1
Grade
118761
Grade Unit
g/t

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-21T00:00:00.000Z

Reasoning: Expanded from multi-commodity resource table for completeness.

Negative factors

  • Fact expanded from resource table columns (model omitted this commodity).

Evidence · table

“118,761”

Context: 0.10

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

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

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.