AX8: Rock Chips to 59.6% Mn Along Underexplored 12km Trend

Original announcement by asx on

Company
Accelerate Resources Limited
Ticker
AX8
Exchange
ASX
Region
Western Australia
Primary commodity
Manganese
Secondary commodities
Iron ore, Silica, Aluminium, Phosphorus, Loss on ignition
Document categories
Other, Drill results, Resource update
Extracted
2026-10-18 23:19:28 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Accelerate Resources Limited has reported high-grade manganese rock chip results, up to 59.6% Mn, from the Faris and newly identified Sea Turtle prospects within its Woodie Woodie North Manganese Project in Western Australia. These results confirm the prospectivity of an underexplored 12km mineralised corridor, with low iron impurities noted at Faris. The company plans to commence discovery drilling at Gingarrigan and further define targets at Faris and Sea Turtle, building on historical drill intercepts and a previously reported Inferred Mineral Resource Estimate.

Reasoning: Accelerate Resources has reported exceptional high-grade manganese rock chip results, including a new discovery at Sea Turtle, along an underexplored 12km corridor at its Woodie Woodie North project. While these are early-stage surface samples, they indicate significant potential and warrant follow-up drilling, despite the historical drilling being limited and the current MRE being stale and inferred.

Positive factors

  • High-grade manganese rock chip results up to 59.6% Mn, exceeding exceptional thresholds.
  • Discovery of new manganese outcrops at Sea Turtle prospect.
  • Confirmation of prospectivity along an underexplored 12km corridor.
  • Low iron impurities noted in Faris samples.
  • Proximity of new discoveries to existing Area 42 deposits and infrastructure.

Negative factors

  • Rock chip samples are selective surface samples and may not be representative of subsurface mineralization.
  • Historical drilling was shallow, vertical, and limited, with unknown true widths and undocumented QA/QC.
  • The Mineral Resource Estimate is a restatement of a prior estimate from 2023, making it stale and 100% Inferred.
  • No new drill results are reported in this announcement.

Facts used in scoring: 91

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Faris rock chip samples returned manganese grades up to 59.6% Mn, which is well above the 50% threshold for exceptional manganese.

Evidence · text

“Faris Prospect returned high grade manganese of 53.9% to 59.6% Mn across 4 sample sites”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The document reports newly identified manganese outcrops at the Sea Turtle Prospect and discusses a new discovery along an underexplored 12km corridor.

Evidence · text

“Sea Turtle Prospect comprises two newly identified manganese outcrops”

QA/QC Disclosedpositive

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

Why it applies: The JORC Table 1, Section 1, details that rock chip samples were analyzed by ALS Geochemistry using XRF, and the laboratory used appropriate standards and blanks for QA/QC.

Evidence · text

“Rock chip samples were dispatched to ALS Geochemistry in Wangara, WA for analysis... The laboratory used appropriate standards and blanks as part of the analysis for QA/QC.”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: For historical drill holes, the document explicitly states that 'There is insufficient data to estimate true widths'.

Evidence · text

“There is insufficient data to estimate true widths.”

No QA/QC Disclosurenegative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: For historical samples, the document states that 'Assay methods and QA/QC for historic samples are not fully documented'.

Evidence · text

“Assay methods and QA/QC for historic samples are not fully documented and historic results are considered indicative only.”

Stale Data Re-releasenegative

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

Why it applies: The historical drill results are from 1996, and the MRE is a restatement of a November 2023 estimate, both of which are not new information.

Evidence · text

“Historic shallow vertical rotary air blast (RAB) drilling completed by Valiant Consolidated in 1996”

Inferred Resourcenegative

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

Why it applies: All categories in the Mineral Resource Estimate are classified as Inferred.

Evidence · table

“Inferred”

Context: 0.04

All Inferrednegative

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

Why it applies: The entire Mineral Resource Estimate is comprised solely of Inferred resources.

Evidence · table

“Inferred”

Context: 0.04

JORC Compliantpositive

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

Why it applies: The Mineral Resource Estimate is reported as JORC 2012 compliant.

Evidence · text

“JORC 2012”

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: Ms Felicity Hughes, a Member of AIG and AusIMM, is named as the Competent Person responsible for the Mineral Resources Statement.

Evidence · text

“The Mineral Resource Statement as a whole has been approved by Ms Hughes, who is an independent consultant at ERM Ltd who was engaged by Accelerate Resources Ltd and is a Member of the Australian Institute of Geoscientists (AIG) and the Australasian Institute of Mining and Metallurgy (AusIMM).”

Cut-off Disclosedpositive

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

Why it applies: The Mineral Resource Estimate explicitly states a 15% Mn cut-off.

Evidence · text

“Mineral Resources reported at cut-offs of 15% Mn”

Stale Estimatenegative

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

Why it applies: The Mineral Resource Estimate has an effective date of November 2023, making it over two years old at the time of this October 2026 announcement.

Evidence · text

“The Woodie Woodie North Project inferred mineralisation estimate is based on the November 2023 MRE (JORC 2012) reported on the 30th November 2023”

Extracted facts

Stored fact records: 31. Some facts used in scoring do not have a stored record.

Drill Results (6)

BX46Woodie Woodie North · manganeseGrade: 39.1Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
BX46
Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
australia_wa
Ticker
AX8

Geometry

Grade
39.1
Grade Unit
%
Intercept
3 m
From
0 m
To
3 m
Hole Depth
9 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
BX46:0-3
Mining Method
open_pit

Location

Location
Faris
Easting
290491
Northing
7667069
CRS
GDA2020 MGA Zone 51
EPSG
28351
Elevation
241 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Dilution Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
1996-01-01T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong manganese grade from surface, supporting the prospectivity of the Faris area, though it is old data with limited QA/QC and unknown true width.

Positive factors

  • Strong manganese grade (39.1% Mn) well above the 30% threshold for strong manganese.
  • Shallow mineralization from surface.

Negative factors

  • Historical result from 1996, not new information.
  • Vertical drill hole, which may not represent true width.
  • QA/QC for historic samples is not fully documented.
  • Limited hole depth (9m).

Evidence · table

“3m @ 39.1% Mn from 0m”

Context: BX46

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project covers 432 km² of highly prospective Proterozoic sediments and incorporates seven mapped large scale mangane"

BX47Woodie Woodie North · manganeseGrade: 26.1Grade Unit: %Intercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
BX47
Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
australia_wa
Ticker
AX8

Geometry

Grade
26.1
Grade Unit
%
Intercept
5 m
From
0 m
To
5 m
Hole Depth
12 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
BX47:0-5
Mining Method
open_pit

Location

Location
Faris
Easting
290500
Northing
7667059
CRS
GDA2020 MGA Zone 51
EPSG
28351
Elevation
241 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Dilution Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
1996-01-01T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This historical drill intercept shows a moderate manganese grade from surface, supporting the prospectivity of the Faris area, though it is old data with limited QA/QC and unknown true width.

Positive factors

  • Moderate manganese grade (26.1% Mn) above the 20% threshold for moderate manganese.
  • Shallow mineralization from surface.

Negative factors

  • Historical result from 1996, not new information.
  • Vertical drill hole, which may not represent true width.
  • QA/QC for historic samples is not fully documented.
  • Limited hole depth (12m).

Evidence · table

“5m @ 26.1% Mn from 0m”

Context: BX47

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project covers 432 km² of highly prospective Proterozoic sediments and incorporates seven mapped large scale mangane"

BX48Woodie Woodie North · manganeseGrade: 28.4Grade Unit: %Intercept: 11 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
BX48
Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
australia_wa
Ticker
AX8

Geometry

Grade
28.4
Grade Unit
%
Intercept
11 m
From
1 m
To
12 m
Hole Depth
15 m
Intercept Depth
1 m

Classification

Program
exploration
Sample Type
drill
Group ID
BX48:1-12
Mining Method
open_pit

Location

Location
Faris
Easting
290505
Northing
7667055
CRS
GDA2020 MGA Zone 51
EPSG
28351
Elevation
241 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Dilution Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
1996-01-01T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This historical drill intercept shows a moderate manganese grade over a significant length from shallow depth, supporting the prospectivity of the Faris area, though it is old data with limited QA/QC and unknown true width.

Positive factors

  • Moderate manganese grade (28.4% Mn) above the 20% threshold for moderate manganese.
  • Significant intercept length (11m).
  • Shallow mineralization from 1m depth.

Negative factors

  • Historical result from 1996, not new information.
  • Vertical drill hole, which may not represent true width.
  • QA/QC for historic samples is not fully documented.
  • Limited hole depth (15m).

Evidence · table

“11m @ 28.4% Mn from 1m”

Context: BX48

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project covers 432 km² of highly prospective Proterozoic sediments and incorporates seven mapped large scale mangane"

BX49Woodie Woodie North · manganeseGrade: 18.2Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
BX49
Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
australia_wa
Ticker
AX8

Geometry

Grade
18.2
Grade Unit
%
Intercept
3 m
From
0 m
To
3 m
Hole Depth
15 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
BX49:0-3
Mining Method
open_pit

Location

Location
Faris NW
Easting
290274
Northing
7667255
CRS
GDA2020 MGA Zone 51
EPSG
28351
Elevation
229 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Dilution Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
1996-01-01T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This historical drill intercept shows a weak manganese grade from surface, supporting the prospectivity of the Faris NW area, though it is old data with limited QA/QC and unknown true width.

Positive factors

  • Weak manganese grade (18.2% Mn) above the 10% threshold for weak manganese.
  • Shallow mineralization from surface.

Negative factors

  • Historical result from 1996, not new information.
  • Vertical drill hole, which may not represent true width.
  • QA/QC for historic samples is not fully documented.
  • Limited hole depth (15m).

Evidence · table

“3m @ 18.2% Mn from 0m”

Context: BX49

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project covers 432 km² of highly prospective Proterozoic sediments and incorporates seven mapped large scale mangane"

BX50Woodie Woodie North · manganeseGrade: 13.2Grade Unit: %Intercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
BX50
Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
australia_wa
Ticker
AX8

Geometry

Grade
13.2
Grade Unit
%
Intercept
1 m
From
3 m
To
4 m
Hole Depth
11 m
Intercept Depth
3 m

Classification

Program
exploration
Sample Type
drill
Group ID
BX50:3-4
Mining Method
open_pit

Location

Location
Faris NW
Easting
290271
Northing
7667260
CRS
GDA2020 MGA Zone 51
EPSG
28351
Elevation
227 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Dilution Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
1996-01-01T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This historical drill intercept shows a weak manganese grade over a narrow interval, supporting the prospectivity of the Faris NW area, though it is old data with limited QA/QC and unknown true width.

Positive factors

  • Weak manganese grade (13.2% Mn) above the 10% threshold for weak manganese.

Negative factors

  • Historical result from 1996, not new information.
  • Narrow intercept length (1m).
  • Vertical drill hole, which may not represent true width.
  • QA/QC for historic samples is not fully documented.
  • Limited hole depth (11m).

Evidence · table

“1m @ 13.2% Mn from 3m”

Context: BX50

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project covers 432 km² of highly prospective Proterozoic sediments and incorporates seven mapped large scale mangane"

BX26Woodie Woodie North · manganeseGrade: 10.4Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
BX26
Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
australia_wa
Ticker
AX8

Geometry

Grade
10.4
Grade Unit
%
Intercept
3 m
From
2 m
To
5 m
Hole Depth
11 m
Intercept Depth
2 m

Classification

Program
exploration
Sample Type
drill
Group ID
BX26:2-5
Mining Method
open_pit

Location

Location
Sea Turtle
Easting
293355
Northing
7663580
CRS
GDA2020 MGA Zone 51
EPSG
28351
Elevation
209 m
Azimuth
0 °
Dip
-90 °
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Compositing

Dilution Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
1996-01-01T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This historical drill intercept shows a weak manganese grade from shallow depth, supporting the prospectivity of the Sea Turtle area, though it is old data with limited QA/QC and unknown true width.

Positive factors

  • Weak manganese grade (10.4% Mn) above the 10% threshold for weak manganese.
  • Shallow mineralization from 2m depth.

Negative factors

  • Historical result from 1996, not new information.
  • Vertical drill hole, which may not represent true width.
  • QA/QC for historic samples is not fully documented.
  • Limited hole depth (11m).

Evidence · table

“3m @ 10.4% Mn from 2m”

Context: BX26

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project covers 432 km² of highly prospective Proterozoic sediments and incorporates seven mapped large scale mangane"

Resource Estimates (25)

inferredWoodie Woodie North · manganeseTonnes: 40000Grade: 17.2Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:98e65acd0402da1fdd68
Deposit or zone
Area 1

Resource Data

Category
inferred
Tonnes
40000
Grade
17.2
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This Inferred Mineral Resource for Area 1 shows a weak manganese grade, but its low confidence category and stale effective date limit its current materiality.

Positive factors

  • Weak manganese grade (17.2% Mn) above the 10% threshold for weak manganese.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“17.2”

Context: 0.04

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

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 2.9 years before this release

inferredWoodie Woodie North · iron_oreTonnes: 40000Grade: 14.6Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:98e65acd0402da1fdd68
Deposit or zone
Area 1

Resource Data

Category
inferred
Tonnes
40000
Grade
14.6
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The iron content of 14.6% in the Inferred Resource for Area 1 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high iron content (14.6% Fe) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“14.6”

Context: 0.04

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

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 2.9 years before this release

inferredWoodie Woodie North · silicaTonnes: 40000Grade: 25.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
silica
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:98e65acd0402da1fdd68
Deposit or zone
Area 1

Resource Data

Category
inferred
Tonnes
40000
Grade
25.8
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The silica content of 25.8% in the Inferred Resource for Area 1 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high silica content (25.8% SiO2) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“25.8”

Context: 0.04

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

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 2.9 years before this release

inferredWoodie Woodie North · aluminiumTonnes: 40000Grade: 2.2Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:98e65acd0402da1fdd68
Deposit or zone
Area 1

Resource Data

Category
inferred
Tonnes
40000
Grade
2.2
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The aluminium content of 2.2% in the Inferred Resource for Area 1 is low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Low aluminium content is generally favorable for ore processing.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“2.2”

Context: 0.04

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

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 2.9 years before this release

inferredWoodie Woodie North · phosphorusTonnes: 40000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
phosphorus
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:98e65acd0402da1fdd68
Deposit or zone
Area 1

Resource Data

Category
inferred
Tonnes
40000
Grade
0.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The phosphorus content of 0.1% in the Inferred Resource for Area 1 is very low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Very low phosphorus content is beneficial for manganese ore quality.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“0.1”

Context: 0.04

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

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 2.9 years before this release

inferredWoodie Woodie North · manganeseTonnes: 300000Grade: 17.5Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:2a49f3f651c0fd8c8007
Deposit or zone
Area 3

Resource Data

Category
inferred
Tonnes
300000
Grade
17.5
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This Inferred Mineral Resource for Area 3 shows a weak manganese grade, but its low confidence category and stale effective date limit its current materiality.

Positive factors

  • Weak manganese grade (17.5% Mn) above the 10% threshold for weak manganese.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“17.5”

Context: 0.3

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

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 2.9 years before this release

inferredWoodie Woodie North · iron_oreTonnes: 300000Grade: 20.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:2a49f3f651c0fd8c8007
Deposit or zone
Area 3

Resource Data

Category
inferred
Tonnes
300000
Grade
20.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The iron content of 20.1% in the Inferred Resource for Area 3 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high iron content (20.1% Fe) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“20.1”

Context: 0.3

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

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 2.9 years before this release

inferredWoodie Woodie North · silicaTonnes: 300000Grade: 27.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
silica
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:2a49f3f651c0fd8c8007
Deposit or zone
Area 3

Resource Data

Category
inferred
Tonnes
300000
Grade
27.9
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The silica content of 27.9% in the Inferred Resource for Area 3 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high silica content (27.9% SiO2) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“27.9”

Context: 0.3

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

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 2.9 years before this release

inferredWoodie Woodie North · aluminiumTonnes: 300000Grade: 3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:2a49f3f651c0fd8c8007
Deposit or zone
Area 3

Resource Data

Category
inferred
Tonnes
300000
Grade
3
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The aluminium content of 3.0% in the Inferred Resource for Area 3 is low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Low aluminium content is generally favorable for ore processing.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“3.0”

Context: 0.3

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

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 2.9 years before this release

inferredWoodie Woodie North · phosphorusTonnes: 300000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
phosphorus
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:2a49f3f651c0fd8c8007
Deposit or zone
Area 3

Resource Data

Category
inferred
Tonnes
300000
Grade
0.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The phosphorus content of 0.1% in the Inferred Resource for Area 3 is very low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Very low phosphorus content is beneficial for manganese ore quality.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“0.1”

Context: 0.3

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

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 2.9 years before this release

inferredWoodie Woodie North · manganeseTonnes: 200000Grade: 16.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:88319e7745cae406ee30
Deposit or zone
Area 4

Resource Data

Category
inferred
Tonnes
200000
Grade
16.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This Inferred Mineral Resource for Area 4 shows a weak manganese grade, but its low confidence category and stale effective date limit its current materiality.

Positive factors

  • Weak manganese grade (16.1% Mn) above the 10% threshold for weak manganese.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“16.1”

Context: 0.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · iron_oreTonnes: 200000Grade: 21.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:88319e7745cae406ee30
Deposit or zone
Area 4

Resource Data

Category
inferred
Tonnes
200000
Grade
21.8
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The iron content of 21.8% in the Inferred Resource for Area 4 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high iron content (21.8% Fe) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“21.8”

Context: 0.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · silicaTonnes: 200000Grade: 34Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
silica
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:88319e7745cae406ee30
Deposit or zone
Area 4

Resource Data

Category
inferred
Tonnes
200000
Grade
34
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The silica content of 34.0% in the Inferred Resource for Area 4 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high silica content (34.0% SiO2) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“34.0”

Context: 0.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · aluminiumTonnes: 200000Grade: 2.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:88319e7745cae406ee30
Deposit or zone
Area 4

Resource Data

Category
inferred
Tonnes
200000
Grade
2.3
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The aluminium content of 2.3% in the Inferred Resource for Area 4 is low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Low aluminium content is generally favorable for ore processing.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“2.3”

Context: 0.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · phosphorusTonnes: 200000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
phosphorus
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:88319e7745cae406ee30
Deposit or zone
Area 4

Resource Data

Category
inferred
Tonnes
200000
Grade
0.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The phosphorus content of 0.1% in the Inferred Resource for Area 4 is very low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Very low phosphorus content is beneficial for manganese ore quality.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“0.1”

Context: 0.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · manganeseTonnes: 700000Grade: 20.7Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:4147e58e42e158890e37
Deposit or zone
Area 42

Resource Data

Category
inferred
Tonnes
700000
Grade
20.7
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: This Inferred Mineral Resource for Area 42 shows a moderate manganese grade and represents the largest individual tonnage, but its low confidence category and stale effective date limit its current materiality.

Positive factors

  • Moderate manganese grade (20.7% Mn) above the 20% threshold for moderate manganese.
  • Largest tonnage of the individual areas.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“20.7”

Context: 0.7

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

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 2.9 years before this release

inferredWoodie Woodie North · iron_oreTonnes: 700000Grade: 15.6Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:4147e58e42e158890e37
Deposit or zone
Area 42

Resource Data

Category
inferred
Tonnes
700000
Grade
15.6
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The iron content of 15.6% in the Inferred Resource for Area 42 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high iron content (15.6% Fe) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“15.6”

Context: 0.7

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

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 2.9 years before this release

inferredWoodie Woodie North · silicaTonnes: 700000Grade: 35.6Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
silica
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:4147e58e42e158890e37
Deposit or zone
Area 42

Resource Data

Category
inferred
Tonnes
700000
Grade
35.6
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The silica content of 35.6% in the Inferred Resource for Area 42 is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high silica content (35.6% SiO2) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“35.6”

Context: 0.7

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

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 2.9 years before this release

inferredWoodie Woodie North · aluminiumTonnes: 700000Grade: 3.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:4147e58e42e158890e37
Deposit or zone
Area 42

Resource Data

Category
inferred
Tonnes
700000
Grade
3.3
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The aluminium content of 3.3% in the Inferred Resource for Area 42 is low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Low aluminium content is generally favorable for ore processing.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“3.3”

Context: 0.7

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

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 2.9 years before this release

inferredWoodie Woodie North · phosphorusTonnes: 700000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
phosphorus
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:4147e58e42e158890e37
Deposit or zone
Area 42

Resource Data

Category
inferred
Tonnes
700000
Grade
0.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The phosphorus content of 0.1% in the Inferred Resource for Area 42 is very low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Very low phosphorus content is beneficial for manganese ore quality.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“0.1”

Context: 0.7

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

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 2.9 years before this release

inferredWoodie Woodie North · manganeseTonnes: 1200000Grade: 19.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
manganese
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:da673c2016787e7179f6
Deposit or zone
TOTAL

Resource Data

Category
inferred
Tonnes
1200000
Grade
19.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The total Inferred Mineral Resource for Woodie Woodie North shows a weak manganese grade over 1.2 Mt, but its low confidence category and stale effective date limit its current materiality.

Positive factors

  • Weak manganese grade (19.1% Mn) above the 10% threshold for weak manganese.
  • Total tonnage of 1.2 Mt.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“19.1”

Context: 1.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · iron_oreTonnes: 1200000Grade: 17.6Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:da673c2016787e7179f6
Deposit or zone
TOTAL

Resource Data

Category
inferred
Tonnes
1200000
Grade
17.6
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The total iron content of 17.6% in the Inferred Resource for Woodie Woodie North is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high iron content (17.6% Fe) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“17.6”

Context: 1.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · silicaTonnes: 1200000Grade: 33.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
silica
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:da673c2016787e7179f6
Deposit or zone
TOTAL

Resource Data

Category
inferred
Tonnes
1200000
Grade
33.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The total silica content of 33.1% in the Inferred Resource for Woodie Woodie North is relatively high, which could negatively impact the manganese ore quality.

Negative factors

  • Relatively high silica content (33.1% SiO2) could be a penalty for manganese ore.
  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“33.1”

Context: 1.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · aluminiumTonnes: 1200000Grade: 3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
aluminium
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:da673c2016787e7179f6
Deposit or zone
TOTAL

Resource Data

Category
inferred
Tonnes
1200000
Grade
3
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The total aluminium content of 3.0% in the Inferred Resource for Woodie Woodie North is low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Low aluminium content is generally favorable for ore processing.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“3.0”

Context: 1.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

inferredWoodie Woodie North · phosphorusTonnes: 1200000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Woodie Woodie North
Commodity
phosphorus
Region
australia_wa
Reported Region
Western Australia
Ticker
AX8

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ms Felicity Hughes
Resource group id
resource:da673c2016787e7179f6
Deposit or zone
TOTAL

Resource Data

Category
inferred
Tonnes
1200000
Grade
0.1
Grade Unit
%
Cutoff Grade
15
Cutoff Unit
% Mn

Prior Estimate

Resource Date
2023-11-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-18T00:00:00.000Z

Reasoning: The total phosphorus content of 0.1% in the Inferred Resource for Woodie Woodie North is very low, which is a positive indicator for the quality of the manganese mineralization.

Positive factors

  • Very low phosphorus content is beneficial for manganese ore quality.

Negative factors

  • Resource is entirely Inferred, indicating low geological confidence.
  • Estimate is stale, with an effective date of November 2023.
  • This is a restatement of a prior MRE, not new information.

Evidence · table

“0.1”

Context: 1.2

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off 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

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 2.9 years before this release

How Atlas produces this analysis

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