AZI: 2026 Annual Report
Original announcement by asx on
- Company
- Altamin Limited
- Ticker
- AZI
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Unavailable
- Secondary commodities
- Lithium, Boron, Potassium, Zinc, Lead, Silver, Cobalt, Nickel, Copper
- Document categories
- Resource update, Other
- Extracted
- 2026-09-29 14:44:25 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Altamin Limited's 2026 Annual Report details a year of strategic progress for its Italian base and critical metals projects, Lazio and Gorno. The company completed technical work for the Lazio Scoping Study, secured A$3.62 million in non-dilutive grant funding, and obtained environmental approval for the Gorno Project. Financially, Altamin raised A$5.39 million through an entitlement offer and secured a A$2.0 million cash advance facility, though it reported a net loss of A$4.36 million and noted the ongoing need for additional capital.
Reasoning: The annual report details significant operational progress, including advancing key projects (Lazio, Gorno) through studies and permitting, securing non-dilutive funding, and strengthening the balance sheet, despite reporting a net loss and ongoing capital requirements.
Positive factors
- Lazio Scoping Study technical work completed
- Italian Government grant funding
- Gorno de-risked: environmental approval (VIA Decree)
- Funding secured: approximately $5.39 million raised through the Entitlement Offer
- a $2.0 million non-dilutive cash advance facility
- Board renewal
Negative factors
- Net loss for the year was $4,357,984
- requires additional capital in the next 12 months
- no certainty that the strategic process will result in a transaction
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 33
Classification and evidence
Maiden Resourceneutral · Story-specific tag
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Lazio MRE is explicitly referred to as 'Lazio Lithium Project Maiden Mineral Resource Estimate'.
Evidence · text
“Lazio Lithium Project Maiden Mineral Resource Estimate”
JORC Compliantpositive · Story-specific tag
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Both Lazio and Gorno MREs are stated to be JORC 2012 compliant.
Evidence · text
“JORC 2012: Lazio Brine Mineral Resources”
Cut-off Disclosedpositive · Story-specific tag
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for Lazio (70 mg/l Li) and Gorno (1% Zn) are clearly stated.
Evidence · text
“at & above 70 mg/l Li cut-off”
Inferred Resourcenegative · Story-specific tag
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the Lazio resource is in the Inferred category, which is a speculative category with limited drilling.
Evidence · table
“Inferred”
Context: 150,556,000
Resource Updateneutral · Story-specific tag
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The Gorno MRE is referred to as an 'Updated Mineral Resource for Gorno'.
Evidence · text
“Updated Mineral Resource for Gorno”
QP/CP Signedpositive · Story-specific tag
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 Competent Person, Mr Bob Annett, is named and takes responsibility for the information relating to Mineral Resources.
Evidence · text
“Information in this Annual Report that relates to Exploration Results is based on information prepared or reviewed by Mr Bob Annett, a Competent Person who is a Member of the Australian Institute of Geoscientists (MAIG).”
Extracted facts
Stored fact records: 33. Some facts used in scoring do not have a stored record.
Resource Estimates (33)
indicatedLazio Project · lithiumGrade: 190Grade Unit: mg/lContained Metal: 208Contained Unit: kt li2co3Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lazio Project
- Commodity
- lithium
- Region
- central italy
- Reported Region
- Central Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:85010b59615f172ccb27
Resource Data
- Category
- indicated
- Grade
- 190
- Grade Unit
- mg/l
- Contained Metal
- 208
- Contained Unit
- kt li2co3
- Cutoff Grade
- 70
- Cutoff Unit
- mg/l Li
Prior Estimate
- Resource Date
- 2024-04-18
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for lithium in brine, compliant with JORC, with disclosed cut-off and metal equivalent assumptions, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
- Metal Equivalent Assumptions Disclosed
Evidence · table
“190”
Context: Indicated
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedLazio Project · boronGrade: 7500Grade Unit: mg/lHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lazio Project
- Commodity
- boron
- Region
- central italy
- Reported Region
- Central Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:85010b59615f172ccb27
Resource Data
- Category
- indicated
- Grade
- 7500
- Grade Unit
- mg/l
- Cutoff Grade
- 70
- Cutoff Unit
- mg/l Li
Prior Estimate
- Resource Date
- 2024-04-18
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for boron in brine, compliant with JORC, with disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“7,500”
Context: Indicated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedLazio Project · potassiumGrade: 84000Grade Unit: mg/lContained Metal: 39025Contained Unit: kt k2so4Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lazio Project
- Commodity
- potassium
- Region
- central italy
- Reported Region
- Central Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:85010b59615f172ccb27
Resource Data
- Category
- indicated
- Grade
- 84000
- Grade Unit
- mg/l
- Contained Metal
- 39025
- Contained Unit
- kt k2so4
- Cutoff Grade
- 70
- Cutoff Unit
- mg/l Li
Prior Estimate
- Resource Date
- 2024-04-18
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for potassium in brine, compliant with JORC, with disclosed cut-off and metal equivalent assumptions, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
- Metal Equivalent Assumptions Disclosed
Evidence · table
“84,000”
Context: Indicated
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredLazio Project · lithiumGrade: 90Grade Unit: mg/lContained Metal: 1874Contained Unit: kt li2co3Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lazio Project
- Commodity
- lithium
- Region
- central italy
- Reported Region
- Central Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:670ce0ce3a576b7a60e0
Resource Data
- Category
- inferred
- Grade
- 90
- Grade Unit
- mg/l
- Contained Metal
- 1874
- Contained Unit
- kt li2co3
- Cutoff Grade
- 70
- Cutoff Unit
- mg/l Li
Prior Estimate
- Resource Date
- 2024-04-18
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for lithium in brine, compliant with JORC, with disclosed cut-off and metal equivalent assumptions, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“90”
Context: Inferred
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredLazio Project · boronGrade: 9700Grade Unit: mg/lHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lazio Project
- Commodity
- boron
- Region
- central italy
- Reported Region
- Central Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:670ce0ce3a576b7a60e0
Resource Data
- Category
- inferred
- Grade
- 9700
- Grade Unit
- mg/l
- Cutoff Grade
- 70
- Cutoff Unit
- mg/l Li
Prior Estimate
- Resource Date
- 2024-04-18
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for boron in brine, compliant with JORC, with disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“9,700”
Context: Inferred
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 2.4 years before this release
inferredLazio Project · potassiumGrade: 22000Grade Unit: mg/lContained Metal: 187320Contained Unit: kt k2so4Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Lazio Project
- Commodity
- potassium
- Region
- central italy
- Reported Region
- Central Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:670ce0ce3a576b7a60e0
Resource Data
- Category
- inferred
- Grade
- 22000
- Grade Unit
- mg/l
- Contained Metal
- 187320
- Contained Unit
- kt k2so4
- Cutoff Grade
- 70
- Cutoff Unit
- mg/l Li
Prior Estimate
- Resource Date
- 2024-04-18
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-06-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for potassium in brine, compliant with JORC, with disclosed cut-off and metal equivalent assumptions, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
- Metal Equivalent Assumptions Disclosed
Negative factors
- Inferred Resource
Evidence · table
“22,000”
Context: Inferred
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedGorno Project · zincTonnes: 5000000Grade: 6.7Grade Unit: %Contained Metal: 335Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- zinc
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:a89f7a126cb67824c672
- Deposit or zone
- Sulphide
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 6.7
- Grade Unit
- %
- Contained Metal
- 335
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for zinc in sulphide material, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“6.7”
Context: 5,000
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · leadTonnes: 5000000Grade: 1.7Grade Unit: %Contained Metal: 86Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- lead
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:a89f7a126cb67824c672
- Deposit or zone
- Sulphide
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 1.7
- Grade Unit
- %
- Contained Metal
- 86
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for lead in sulphide material, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“1.7”
Context: 5,000
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · silverTonnes: 5000000Grade: 33Grade Unit: g/tContained Metal: 5380Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- silver
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:a89f7a126cb67824c672
- Deposit or zone
- Sulphide
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 33
- Grade Unit
- g/t
- Contained Metal
- 5380
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for silver in sulphide material, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“33”
Context: 5,000
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · zincTonnes: 2060000Grade: 7.2Grade Unit: %Contained Metal: 149Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- zinc
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:b71974fb3d557d038fe5
- Deposit or zone
- Sulphide
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2060000
- Grade
- 7.2
- Grade Unit
- %
- Contained Metal
- 149
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for zinc in sulphide material, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“7.2”
Context: 2,060
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · leadTonnes: 2060000Grade: 1.8Grade Unit: %Contained Metal: 38Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- lead
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:b71974fb3d557d038fe5
- Deposit or zone
- Sulphide
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2060000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 38
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for lead in sulphide material, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“1.8”
Context: 2,060
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · silverTonnes: 2060000Grade: 31Grade Unit: g/tContained Metal: 2040Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- silver
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:b71974fb3d557d038fe5
- Deposit or zone
- Sulphide
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2060000
- Grade
- 31
- Grade Unit
- g/t
- Contained Metal
- 2040
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for silver in sulphide material, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“31”
Context: 2,060
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · zincTonnes: 670000Grade: 6Grade Unit: %Contained Metal: 40Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- zinc
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:7f81f7c72046135d6620
- Deposit or zone
- Oxide
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 670000
- Grade
- 6
- Grade Unit
- %
- Contained Metal
- 40
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for zinc in oxide material, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“6.0”
Context: 670
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · leadTonnes: 670000Grade: 1.8Grade Unit: %Contained Metal: 12Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- lead
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:7f81f7c72046135d6620
- Deposit or zone
- Oxide
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 670000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 12
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for lead in oxide material, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“1.8”
Context: 670
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · silverTonnes: 670000Grade: 26Grade Unit: g/tContained Metal: 560Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- silver
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:7f81f7c72046135d6620
- Deposit or zone
- Oxide
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 670000
- Grade
- 26
- Grade Unit
- g/t
- Contained Metal
- 560
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical indicated resource for silver in oxide material, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“26”
Context: 670
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · zincTonnes: 70000Grade: 7Grade Unit: %Contained Metal: 5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- zinc
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:ead5036959b035b5df71
- Deposit or zone
- Oxide
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 70000
- Grade
- 7
- Grade Unit
- %
- Contained Metal
- 5
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for zinc in oxide material, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“7.0”
Context: 70
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · leadTonnes: 70000Grade: 1.8Grade Unit: %Contained Metal: 1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- lead
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:ead5036959b035b5df71
- Deposit or zone
- Oxide
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 70000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 1
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for lead in oxide material, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“1.8”
Context: 70
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · silverTonnes: 70000Grade: 26Grade Unit: g/tContained Metal: 60Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- silver
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:ead5036959b035b5df71
- Deposit or zone
- Oxide
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 70000
- Grade
- 26
- Grade Unit
- g/t
- Contained Metal
- 60
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical inferred resource for silver in oxide material, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“26”
Context: 70
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · zincTonnes: 5660000Grade: 6.6Grade Unit: %Contained Metal: 375Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- zinc
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:87f500d37a2f44886b16
- Deposit or zone
- Gorno Deposit
- Material type
- combined
Resource Data
- Category
- indicated
- Tonnes
- 5660000
- Grade
- 6.6
- Grade Unit
- %
- Contained Metal
- 375
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical total indicated resource for zinc across combined material types, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“6.6”
Context: 5,660
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · leadTonnes: 5660000Grade: 1.7Grade Unit: %Contained Metal: 98Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- lead
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:87f500d37a2f44886b16
- Deposit or zone
- Gorno Deposit
- Material type
- combined
Resource Data
- Category
- indicated
- Tonnes
- 5660000
- Grade
- 1.7
- Grade Unit
- %
- Contained Metal
- 98
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical total indicated resource for lead across combined material types, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“1.7”
Context: 5,660
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedGorno Project · silverTonnes: 5660000Grade: 33Grade Unit: g/tContained Metal: 5940Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- silver
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:87f500d37a2f44886b16
- Deposit or zone
- Gorno Deposit
- Material type
- combined
Resource Data
- Category
- indicated
- Tonnes
- 5660000
- Grade
- 33
- Grade Unit
- g/t
- Contained Metal
- 5940
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical total indicated resource for silver across combined material types, compliant with JORC and with a disclosed cut-off, but it is not new information.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Evidence · table
“33”
Context: 5,660
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · zincTonnes: 2130000Grade: 7.2Grade Unit: %Contained Metal: 153Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- zinc
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:fd8cf29aeba42347904b
- Deposit or zone
- Gorno Deposit
- Material type
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2130000
- Grade
- 7.2
- Grade Unit
- %
- Contained Metal
- 153
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical total inferred resource for zinc across combined material types, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“7.2”
Context: 2,130
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · leadTonnes: 2130000Grade: 1.8Grade Unit: %Contained Metal: 39Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- lead
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:fd8cf29aeba42347904b
- Deposit or zone
- Gorno Deposit
- Material type
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2130000
- Grade
- 1.8
- Grade Unit
- %
- Contained Metal
- 39
- Contained Unit
- kt
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical total inferred resource for lead across combined material types, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“1.8”
Context: 2,130
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
inferredGorno Project · silverTonnes: 2130000Grade: 31Grade Unit: g/tContained Metal: 2100Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Gorno Project
- Commodity
- silver
- Region
- lombardy, northern italy
- Reported Region
- Lombardy, Northern Italy
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Bob Annett
- Resource group id
- resource:fd8cf29aeba42347904b
- Deposit or zone
- Gorno Deposit
- Material type
- combined
Resource Data
- Category
- inferred
- Tonnes
- 2130000
- Grade
- 31
- Grade Unit
- g/t
- Contained Metal
- 2100
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- % Zn
Prior Estimate
- Resource Date
- 2021-11-15
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-15T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical total inferred resource for silver across combined material types, compliant with JORC and with a disclosed cut-off, but it is not new information and is of lower confidence.
Positive factors
- JORC Compliant
- Cut-off Disclosed
- QP/CP Signed
Negative factors
- Inferred Resource
Evidence · table
“31”
Context: 2,130
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.9 years before this release
indicatedMineral Resource Estimate of Gorno · silverTonnes: 5000Grade: 5380Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:31b57a082f4556667feb
- Deposit or zone
- Sulphide
Resource Data
- Category
- indicated
- Tonnes
- 5000
- Grade
- 5380
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“5,380”
Context: 5,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimate of Gorno · silverTonnes: 2060Grade: 2040Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:68c0f583881fc017f858
- Deposit or zone
- Sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2060
- Grade
- 2040
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2,040”
Context: 2,060
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimate of Gorno · silverTonnes: 7060Grade: 7420Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:87762027818bd1512ccd
Resource Data
- Category
- inferred
- Tonnes
- 7060
- Grade
- 7420
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“7,420”
Context: 7,060
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resource Estimate of Gorno · silverTonnes: 670Grade: 560Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:e357e174ca40df2eda4e
- Deposit or zone
- Oxide
Resource Data
- Category
- indicated
- Tonnes
- 670
- Grade
- 560
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“560”
Context: 670
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimate of Gorno · silverTonnes: 70Grade: 60Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:46bc313885e959e0b254
- Deposit or zone
- Oxide
Resource Data
- Category
- inferred
- Tonnes
- 70
- Grade
- 60
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“60”
Context: 70
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimate of Gorno · silverTonnes: 730Grade: 620Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:72d5c51cced83581cc1f
Resource Data
- Category
- inferred
- Tonnes
- 730
- Grade
- 620
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“620”
Context: 730
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resource Estimate of Gorno · silverTonnes: 5660Grade: 5940Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:f6176bb005cafe48b21b
Resource Data
- Category
- indicated
- Tonnes
- 5660
- Grade
- 5940
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“5,940”
Context: 5,660
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimate of Gorno · silverTonnes: 2130Grade: 2100Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:8afc44e5ad3c4aebc9cc
Resource Data
- Category
- inferred
- Tonnes
- 2130
- Grade
- 2100
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2,100”
Context: 2,130
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resource Estimate of Gorno · silverTonnes: 7790Grade: 8040Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resource Estimate of Gorno
- Commodity
- silver
- Ticker
- AZI
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b5a50782c8abf3d0091f
Resource Data
- Category
- inferred
- Tonnes
- 7790
- Grade
- 8040
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“8,040”
Context: 7,790
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
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.