# BCA: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142377 Publisher: asx Original announcement: 2026-09-22T08:37:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T09:22:02.939Z Atlas analysis updated: 2026-09-22T09:22:02.939Z - Company: Black Canyon Limited - Ticker: BCA - Exchange: ASX - Region: Western Australia - Primary commodity: Manganese - Secondary commodities: Iron ore, Silicon, Aluminium - Document categories: Drill results, Resource update, Metallurgy - Extracted: 2026-09-22 09:22:03 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary The 2026 Annual Report for Black Canyon Limited highlights significant progress at its 100%-owned Wandanya Manganese and Iron Project in Western Australia's Pilbara region. The company advanced Wandanya towards resource definition through extensive RC drilling, delivering consistent shallow, high-grade manganese and iron intersections. Metallurgical testwork demonstrated potential for Direct Shipping Ore \(DSO\) products and successful beneficiation to premium-grade manganese oxide concentrates. Additionally, the global Mineral Resource across the Balfour Manganese Field was updated to 315 million tonnes at 10.5% manganese, and a $10 million placement was completed to fund ongoing activities. Reasoning: The annual report details substantial progress across all key operational areas, including a significant increase in global manganese resources, successful high-grade drilling at Wandanya, positive metallurgical results, and a well-received capital raise, indicating strong project advancement and de-risking. - Positive factor: Significant global resource increase for manganese - Positive factor: Category upgrade for KR2 resource - Positive factor: Consistent shallow, high-grade manganese and iron drill intercepts - Positive factor: Encouraging metallurgical testwork demonstrating DSO potential and high recoveries - Positive factor: Successful capital raise to fund ongoing activities - Positive factor: Low concentrations of deleterious elements in products - Negative factor: Drill intercepts reported as apparent width only - Negative factor: Metallurgical testwork is currently at bench scale \(HLS\) Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 157 ## Classification and evidence **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Multi-Domain Tested** Polarity: positive Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: 3 distinct composites were tested ## Extracted facts Stored fact records: 157. Some facts used in scoring do not have a stored record. ## Drill Results (55) ### WDRC125 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-0) Wandanya South · manganese #### Identity - Hole ID: WDRC125 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 40.1 - Grade Unit: % - Intercept: 7 m - From: 0 m - To: 7 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC125:0-7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This intercept shows a high-grade manganese intersection from surface, indicating strong potential for open-pit mining, with low deleterious elements noted for the project. - Positive factor: High manganese grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 40.1% Mn from surface incl. 4m @ 46.9% Mn from 3m \(WDRC125\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC125 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-1) Wandanya South · manganese #### Identity - Hole ID: WDRC125 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 46.9 - Grade Unit: % - Intercept: 4 m - From: 3 m - To: 7 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC125:3-7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows an exceptionally high-grade manganese intersection at shallow depth, reinforcing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 4m @ 46.9% Mn from 3m \(WDRC125\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC126 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-2) Wandanya South · manganese #### Identity - Hole ID: WDRC126 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 37.9 - Grade Unit: % - Intercept: 6 m - From: 6 m - To: 12 m - Intercept Depth: 6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC126:6-12 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 6m @ 37.9% Mn from 6m incl. 3m @ 46.3% Mn from 9m \(WDRC126\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC126 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-3) Wandanya South · manganese #### Identity - Hole ID: WDRC126 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 46.3 - Grade Unit: % - Intercept: 3 m - From: 9 m - To: 12 m - Intercept Depth: 6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC126:9-12 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows an exceptionally high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 46.3% Mn from 9m \(WDRC126\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC127 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-4) Wandanya South · manganese #### Identity - Hole ID: WDRC127 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 35.6 - Grade Unit: % - Intercept: 6 m - From: 10 m - To: 16 m - Intercept Depth: 10 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC127:10-16 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 6m @ 35.6% Mn from 10m incl. 3m @ 48% Mn from 12m \(WDRC127\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC127 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-5) Wandanya South · manganese #### Identity - Hole ID: WDRC127 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 48 - Grade Unit: % - Intercept: 3 m - From: 12 m - To: 15 m - Intercept Depth: 10 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC127:12-15 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows an exceptionally high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 48% Mn from 12m \(WDRC127\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC065 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-6) Wandanya South · manganese #### Identity - Hole ID: WDRC065 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 31.9 - Grade Unit: % - Intercept: 12 m - From: 5 m - To: 17 m - Intercept Depth: 5 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC065:5-17 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 12m @ 31.9% Mn from 5m incl. 7m @ 39.3% Mn from 9m \(WDRC065\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC065 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-7) Wandanya South · manganese #### Identity - Hole ID: WDRC065 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 39.3 - Grade Unit: % - Intercept: 7 m - From: 9 m - To: 16 m - Intercept Depth: 5 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC065:9-16 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 39.3% Mn from 9m \(WDRC065\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC201 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-8) Wandanya South · manganese #### Identity - Hole ID: WDRC201 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 42.2 - Grade Unit: % - Intercept: 8 m - From: 0 m - To: 8 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC201:0-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This intercept shows a very high-grade manganese intersection from surface, indicating strong potential for open-pit mining, with low deleterious elements noted for the project. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 8m @ 42.2% Mn from surface inc. 4m @ 50.4% Mn from 4m \(WDRC201\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC201 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-9) Wandanya South · manganese #### Identity - Hole ID: WDRC201 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 50.4 - Grade Unit: % - Intercept: 4 m - From: 4 m - To: 8 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC201:4-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows an exceptionally high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Exceptional manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 4m @ 50.4% Mn from 4m \(WDRC201\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC164 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-10) Wandanya South · manganese #### Identity - Hole ID: WDRC164 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 37.7 - Grade Unit: % - Intercept: 7 m - From: 0 m - To: 7 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC164:0-7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept from surface, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 37.7% Mn from surface inc. 3m @ 42.6% Mn from 4m \(WDRC164\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC164 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-11) Wandanya South · manganese #### Identity - Hole ID: WDRC164 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 42.6 - Grade Unit: % - Intercept: 3 m - From: 4 m - To: 7 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC164:4-7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 42.6% Mn from 4m \(WDRC164\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC166 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-12) Wandanya South · manganese #### Identity - Hole ID: WDRC166 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 35.5 - Grade Unit: % - Intercept: 8 m - From: 0 m - To: 8 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC166:0-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept from surface, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 8m @ 35.5% Mn from surface inc. 3m @ 48.3% Mn from 5m \(WDRC166\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC166 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-13) Wandanya South · manganese #### Identity - Hole ID: WDRC166 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 48.3 - Grade Unit: % - Intercept: 3 m - From: 5 m - To: 8 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC166:5-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows an exceptionally high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 48.3% Mn from 5m \(WDRC166\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC190 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-14) Wandanya South · manganese #### Identity - Hole ID: WDRC190 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 31.3 - Grade Unit: % - Intercept: 7 m - From: 8 m - To: 15 m - Intercept Depth: 8 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC190:8-15 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 31.3% Mn from 8m inc. 3m @ 48.4% Mn from 11m \(WDRC190\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC190 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-15) Wandanya South · manganese #### Identity - Hole ID: WDRC190 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 48.4 - Grade Unit: % - Intercept: 3 m - From: 11 m - To: 14 m - Intercept Depth: 8 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC190:11-14 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows an exceptionally high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 48.4% Mn from 11m \(WDRC190\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC056 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-16) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC056 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 59.3 - Grade Unit: % - Intercept: 13 m - From: 1 m - To: 14 m - Intercept Depth: 1 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC056:1-14 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 13m @ 59.3% Fe from 1m incl. 7m @ 62.0% Fe from 7m \(WDRC056\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC056 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-17) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC056 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 62 - Grade Unit: % - Intercept: 7 m - From: 7 m - To: 14 m - Intercept Depth: 1 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC056:7-14 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 62.0% Fe from 7m \(WDRC056\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC057 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-18) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC057 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 59.3 - Grade Unit: % - Intercept: 12 m - From: 4 m - To: 16 m - Intercept Depth: 4 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC057:4-16 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 12m @ 59.3% Fe from 4m incl. 7m @ 63.9% Fe from 7m \(WDRC057\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC057 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-19) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC057 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 63.9 - Grade Unit: % - Intercept: 7 m - From: 7 m - To: 14 m - Intercept Depth: 4 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC057:7-14 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 63.9% Fe from 7m \(WDRC057\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC055 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-20) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC055 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 56.4 - Grade Unit: % - Intercept: 11 m - From: 2 m - To: 13 m - Intercept Depth: 2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC055:2-13 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 11m @ 56.4% Fe from 2m, incl. 5m @ 60% Fe from 7m \(WDRC055\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC055 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-21) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC055 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 60 - Grade Unit: % - Intercept: 5 m - From: 7 m - To: 12 m - Intercept Depth: 2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC055:7-12 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 5m @ 60% Fe from 7m \(WDRC055\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC196 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-22) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC196 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 58.1 - Grade Unit: % - Intercept: 16 m - From: 2 m - To: 18 m - Intercept Depth: 2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC196:2-18 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 16m @ 58.1% Fe from 2m inc. 9m @ 60.8% Fe from 2m \(WDRC196\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC196 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-23) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC196 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 60.8 - Grade Unit: % - Intercept: 9 m - From: 2 m - To: 11 m - Intercept Depth: 2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC196:2-11 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 9m @ 60.8% Fe from 2m \(WDRC196\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC197 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-24) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC197 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 57 - Grade Unit: % - Intercept: 13 m - From: 3 m - To: 16 m - Intercept Depth: 3 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC197:3-16 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 13m @ 57% Fe from 3m inc. 6m @ 60.1% Fe from 10m \(WDRC197\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC197 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-25) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC197 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 60.1 - Grade Unit: % - Intercept: 6 m - From: 10 m - To: 16 m - Intercept Depth: 3 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC197:10-16 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 6m @ 60.1% Fe from 10m \(WDRC197\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC241 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-26) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC241 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 54.5 - Grade Unit: % - Intercept: 17 m - From: 0 m - To: 17 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC241:0-17 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept from surface and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept from surface - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 17m @ 54.5% Fe from surface inc. 5m @ 58.3% Fe from 5m \(WDRC241\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC241 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-27) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC241 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 58.3 - Grade Unit: % - Intercept: 5 m - From: 5 m - To: 10 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC241:5-10 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 5m @ 58.3% Fe from 5m \(WDRC241\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC242 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-28) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC242 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 58.7 - Grade Unit: % - Intercept: 12 m - From: 0 m - To: 12 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC242:0-12 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept from surface and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept from surface - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 12m @ 58.7% Fe from surface inc. 7m @ 61.0% Fe from 4m \(WDRC242\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC242 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-29) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC242 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 61 - Grade Unit: % - Intercept: 7 m - From: 4 m - To: 11 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: WDRC242:4-11 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 61.0% Fe from 4m \(WDRC242\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### WDRC291 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-30) Wandanya South · manganese #### Identity - Hole ID: WDRC291 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 34.8 - Grade Unit: % - Intercept: 7 m - From: 0 m - To: 7 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC291:0-7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept from surface, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 34.8% Mn from 0m including 4m @ 44.3% Mn from 2m \(WDRC291\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC291 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-31) Wandanya South · manganese #### Identity - Hole ID: WDRC291 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 44.3 - Grade Unit: % - Intercept: 4 m - From: 2 m - To: 6 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC291:2-6 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 4m @ 44.3% Mn from 2m \(WDRC291\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC292 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-32) Wandanya South · manganese #### Identity - Hole ID: WDRC292 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 32.7 - Grade Unit: % - Intercept: 8 m - From: 0 m - To: 8 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC292:0-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept from surface, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 8m @ 32.7% Mn from 0m including 4m @ 36.1% Mn from 3m \(WDRC292\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC292 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-33) Wandanya South · manganese #### Identity - Hole ID: WDRC292 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 36.1 - Grade Unit: % - Intercept: 4 m - From: 3 m - To: 7 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC292:3-7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 4m @ 36.1% Mn from 3m \(WDRC292\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC299 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-34) Wandanya South · manganese #### Identity - Hole ID: WDRC299 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 34.1 - Grade Unit: % - Intercept: 8 m - From: 0 m - To: 8 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC299:0-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept from surface, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 8m @ 34.1% Mn from 0m including 4m @ 41.8% Mn from 4m \(WDRC299\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC299 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-35) Wandanya South · manganese #### Identity - Hole ID: WDRC299 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 41.8 - Grade Unit: % - Intercept: 4 m - From: 4 m - To: 8 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC299:4-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 4m @ 41.8% Mn from 4m \(WDRC299\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC308 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-36) Wandanya South · manganese #### Identity - Hole ID: WDRC308 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 33.5 - Grade Unit: % - Intercept: 7 m - From: 1 m - To: 8 m - Intercept Depth: 1 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC308:1-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 33.5% Mn from 1m including 4m @ 40.7% Mn from 3m \(WDRC308\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC308 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-37) Wandanya South · manganese #### Identity - Hole ID: WDRC308 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 40.7 - Grade Unit: % - Intercept: 4 m - From: 3 m - To: 7 m - Intercept Depth: 1 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC308:3-7 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 4m @ 40.7% Mn from 3m \(WDRC308\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC321 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-38) Wandanya South · manganese #### Identity - Hole ID: WDRC321 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 32.4 - Grade Unit: % - Intercept: 5 m - From: 5 m - To: 10 m - Intercept Depth: 5 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC321:5-10 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 5m @ 32.4% Mn from 5m including 2m @ 40.5% Mn from 8m \(WDRC321\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC321 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-39) Wandanya South · manganese #### Identity - Hole ID: WDRC321 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 40.5 - Grade Unit: % - Intercept: 2 m - From: 8 m - To: 10 m - Intercept Depth: 5 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC321:8-10 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 2m @ 40.5% Mn from 8m \(WDRC321\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC337 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-40) Wandanya South · manganese #### Identity - Hole ID: WDRC337 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 33.3 - Grade Unit: % - Intercept: 6 m - From: 6 m - To: 12 m - Intercept Depth: 6 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC337:6-12 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 6m @ 33.3% Mn from 6m including 3m @ 41.6% Mn from 9m \(WDRC337\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC337 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-41) Wandanya South · manganese #### Identity - Hole ID: WDRC337 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 41.6 - Grade Unit: % - Intercept: 3 m - From: 9 m - To: 12 m - Intercept Depth: 6 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC337:9-12 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 41.6% Mn from 9m \(WDRC337\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC338 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-42) Wandanya South · manganese #### Identity - Hole ID: WDRC338 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 31 - Grade Unit: % - Intercept: 6 m - From: 6 m - To: 12 m - Intercept Depth: 6 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC338:6-12 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong manganese intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 6m @ 31% Mn from 6m including 2m @ 45.5% Mn from 9m \(WDRC338\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC338 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-43) Wandanya South · manganese #### Identity - Hole ID: WDRC338 - Project: Wandanya South - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 45.5 - Grade Unit: % - Intercept: 2 m - From: 9 m - To: 11 m - Intercept Depth: 6 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC338:9-11 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows an exceptionally high-grade manganese intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high manganese grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 2m @ 45.5% Mn from 9m \(WDRC338\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC285 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-44) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC285 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 59.8 - Grade Unit: % - Intercept: 10 m - From: 0 m - To: 10 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC285:0-10 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept from surface and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept from surface - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 10m @ 59.8% Fe from 0m including 5m @ 60.9% Fe from 4m \(WDRC285\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC285 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-45) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC285 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 60.9 - Grade Unit: % - Intercept: 5 m - From: 4 m - To: 9 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC285:4-9 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 5m @ 60.9% Fe from 4m \(WDRC285\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC286 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-46) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC286 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 58.5 - Grade Unit: % - Intercept: 9 m - From: 2 m - To: 11 m - Intercept Depth: 2 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC286:2-11 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth and good width, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Good intercept length - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 9m @ 58.5% Fe from 2m including 3m @ 62.5% Fe from 6m \(WDRC286\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC286 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-47) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC286 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 62.5 - Grade Unit: % - Intercept: 3 m - From: 6 m - To: 9 m - Intercept Depth: 2 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC286:6-9 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 62.5% Fe from 6m \(WDRC286\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC303 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-48) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC303 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 57.1 - Grade Unit: % - Intercept: 7 m - From: 4 m - To: 11 m - Intercept Depth: 4 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC303:4-11 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 57.1% Fe from 4m including 3m @ 62.6% Fe from 6m \(WDRC303\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC303 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-49) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC303 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 62.6 - Grade Unit: % - Intercept: 3 m - From: 6 m - To: 9 m - Intercept Depth: 4 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC303:6-9 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 3m @ 62.6% Fe from 6m \(WDRC303\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC314 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-50) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC314 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 59.6 - Grade Unit: % - Intercept: 7 m - From: 1 m - To: 8 m - Intercept Depth: 1 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC314:1-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 7m @ 59.6% Fe from 1m \(WDRC314\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC329 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-51) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC329 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 56.2 - Grade Unit: % - Intercept: 6 m - From: 2 m - To: 8 m - Intercept Depth: 2 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC329:2-8 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept at shallow depth, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 6m @ 56.2% Fe from 2m including 2m @ 61.0% Fe from 4m \(WDRC329\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC329 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-52) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC329 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 61 - Grade Unit: % - Intercept: 2 m - From: 4 m - To: 6 m - Intercept Depth: 2 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC329:4-6 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 2m @ 61.0% Fe from 4m \(WDRC329\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC332 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-53) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC332 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 57.3 - Grade Unit: % - Intercept: 6 m - From: 0 m - To: 6 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC332:0-6 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A strong iron intercept from surface, contributing to the overall positive drill results for the project, with low deleterious elements noted. - Positive factor: High iron grade - Positive factor: Shallow intercept from surface - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 6m @ 57.3% Fe from 0m including 2m @ 60.5% Fe from 1m \(WDRC332 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### WDRC332 [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-drill-facts-54) Wandanya South · iron\_ore #### Identity - Hole ID: WDRC332 - Project: Wandanya South - Commodity: iron\_ore - Region: australia\_wa - Reported Region: australia\_wa - Ticker: BCA #### Geometry - Grade: 60.5 - Grade Unit: % - Intercept: 2 m - From: 1 m - To: 3 m - Intercept Depth: 0 m #### Classification - Program: mixed - Sample Type: drill - Group ID: WDRC332:1-3 #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This sub-interval shows a very high-grade iron intersection at shallow depth, further enhancing the project's potential, with low deleterious elements noted. - Positive factor: Very high iron grade - Positive factor: Shallow intercept - Positive factor: Low deleterious elements - Negative factor: Apparent width only Evidence · text > 2m @ 60.5% Fe from 1m \(WDRC332 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ## Resource Estimates (52) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-55) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:d4cd2f6cc68895a9648c - Deposit or zone: FB3 #### Resource Data - Category: measured - Tonnes: 52000000 - Grade: 10.5 - Grade Unit: % - Contained Metal: 5.5 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for FB3 contributes to the overall high-confidence resource base, with a good manganese grade and JORC compliance. - Positive factor: High confidence resource category \(Measured\) - Positive factor: Good manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.5 Context: 52 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-56) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:d4cd2f6cc68895a9648c - Deposit or zone: FB3 #### Resource Data - Category: measured - Tonnes: 52000000 - Grade: 10.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for FB3 includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.4 Context: 52 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-57) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:d4cd2f6cc68895a9648c - Deposit or zone: FB3 #### Resource Data - Category: measured - Tonnes: 52000000 - Grade: 16.9 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for FB3 includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 16.9 Context: 52 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-58) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:d4cd2f6cc68895a9648c - Deposit or zone: FB3 #### Resource Data - Category: measured - Tonnes: 52000000 - Grade: 4.3 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for FB3 includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 4.3 Context: 52 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-59) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e29bff06662a454e8676 - Deposit or zone: LR1 #### Resource Data - Category: measured - Tonnes: 47000000 - Grade: 10.3 - Grade Unit: % - Contained Metal: 4.9 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for LR1 contributes to the overall high-confidence resource base, with a good manganese grade and JORC compliance. - Positive factor: High confidence resource category \(Measured\) - Positive factor: Good manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.3 Context: 47 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-60) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e29bff06662a454e8676 - Deposit or zone: LR1 #### Resource Data - Category: measured - Tonnes: 47000000 - Grade: 8.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for LR1 includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 8.4 Context: 47 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-61) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e29bff06662a454e8676 - Deposit or zone: LR1 #### Resource Data - Category: measured - Tonnes: 47000000 - Grade: 16.7 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for LR1 includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 16.7 Context: 47 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-62) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e29bff06662a454e8676 - Deposit or zone: LR1 #### Resource Data - Category: measured - Tonnes: 47000000 - Grade: 4.6 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Measured resource for LR1 includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 4.6 Context: 47 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-63) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e083e4fcd13dca73e058 - Deposit or zone: Total Measured #### Resource Data - Category: measured - Tonnes: 100000000 - Grade: 10.4 - Grade Unit: % - Contained Metal: 10.4 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Measured resource demonstrates a significant high-confidence manganese base, with good grade and JORC compliance. - Positive factor: High confidence resource category \(Measured\) - Positive factor: Good manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.4 Context: 100 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-64) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e083e4fcd13dca73e058 - Deposit or zone: Total Measured #### Resource Data - Category: measured - Tonnes: 100000000 - Grade: 9.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Measured resource includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 9.4 Context: 100 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-65) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e083e4fcd13dca73e058 - Deposit or zone: Total Measured #### Resource Data - Category: measured - Tonnes: 100000000 - Grade: 16.8 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Measured resource includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 16.8 Context: 100 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-66) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:e083e4fcd13dca73e058 - Deposit or zone: Total Measured #### Resource Data - Category: measured - Tonnes: 100000000 - Grade: 4.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Measured resource includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: High confidence resource category \(Measured\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 4.4 Context: 100 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-67) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7ad0ea5ab7fb22e48d9b - Deposit or zone: KR1 #### Resource Data - Category: indicated - Tonnes: 79000000 - Grade: 10 - Grade Unit: % - Contained Metal: 7.8 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for KR1 contributes significantly to the overall resource base, with a good manganese grade and JORC compliance. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: Good manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.0 Context: 79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-68) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7ad0ea5ab7fb22e48d9b - Deposit or zone: KR1 #### Resource Data - Category: indicated - Tonnes: 79000000 - Grade: 7.9 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for KR1 includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 7.9 Context: 79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-69) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7ad0ea5ab7fb22e48d9b - Deposit or zone: KR1 #### Resource Data - Category: indicated - Tonnes: 79000000 - Grade: 18 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for KR1 includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 18.0 Context: 79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-70) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7ad0ea5ab7fb22e48d9b - Deposit or zone: KR1 #### Resource Data - Category: indicated - Tonnes: 79000000 - Grade: 5.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for KR1 includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 5.4 Context: 79 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-71) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:2a8fd831c7cf794a062c - Deposit or zone: KR2 #### Resource Data - Category: indicated - Tonnes: 23000000 - Grade: 11.5 - Grade Unit: % - Contained Metal: 2.6 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The KR2 resource has been significantly de-risked with a category upgrade to Indicated, showing a high manganese grade and JORC compliance. - Positive factor: Category upgrade to Indicated - Positive factor: High manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 11.5 Context: 23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-72) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:2a8fd831c7cf794a062c - Deposit or zone: KR2 #### Resource Data - Category: indicated - Tonnes: 23000000 - Grade: 10.7 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The KR2 resource, with its category upgrade to Indicated, includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: Category upgrade to Indicated - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.7 Context: 23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-73) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:2a8fd831c7cf794a062c - Deposit or zone: KR2 #### Resource Data - Category: indicated - Tonnes: 23000000 - Grade: 19.2 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The KR2 resource, with its category upgrade to Indicated, includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Category upgrade to Indicated - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 19.2 Context: 23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-74) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:2a8fd831c7cf794a062c - Deposit or zone: KR2 #### Resource Data - Category: indicated - Tonnes: 23000000 - Grade: 5.1 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The KR2 resource, with its category upgrade to Indicated, includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Category upgrade to Indicated - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 5.1 Context: 23 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-75) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:19d2b9e298bf4f3f6a69 - Deposit or zone: FB3 #### Resource Data - Category: indicated - Tonnes: 63000000 - Grade: 10 - Grade Unit: % - Contained Metal: 6.3 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for FB3 contributes significantly to the overall resource base, with a good manganese grade and JORC compliance. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: Good manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.0 Context: 63 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-76) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:19d2b9e298bf4f3f6a69 - Deposit or zone: FB3 #### Resource Data - Category: indicated - Tonnes: 63000000 - Grade: 9.6 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for FB3 includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 9.6 Context: 63 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-77) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:19d2b9e298bf4f3f6a69 - Deposit or zone: FB3 #### Resource Data - Category: indicated - Tonnes: 63000000 - Grade: 16.8 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for FB3 includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 16.8 Context: 63 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-78) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:19d2b9e298bf4f3f6a69 - Deposit or zone: FB3 #### Resource Data - Category: indicated - Tonnes: 63000000 - Grade: 4.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for FB3 includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 4.4 Context: 63 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-79) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:4aeb42b32e7056ecc8ee - Deposit or zone: LR1 #### Resource Data - Category: indicated - Tonnes: 8000000 - Grade: 11.3 - Grade Unit: % - Contained Metal: 0.9 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for LR1 contributes to the overall resource base, with a high manganese grade and JORC compliance. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: High manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 11.3 Context: 8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-80) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:4aeb42b32e7056ecc8ee - Deposit or zone: LR1 #### Resource Data - Category: indicated - Tonnes: 8000000 - Grade: 9.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for LR1 includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 9.4 Context: 8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-81) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:4aeb42b32e7056ecc8ee - Deposit or zone: LR1 #### Resource Data - Category: indicated - Tonnes: 8000000 - Grade: 6.9 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for LR1 includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 6.9 Context: 8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-82) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:4aeb42b32e7056ecc8ee - Deposit or zone: LR1 #### Resource Data - Category: indicated - Tonnes: 8000000 - Grade: 1.8 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Indicated resource for LR1 includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 1.8 Context: 8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-83) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:ea31ea6e518690056736 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 173000000 - Grade: 10.2 - Grade Unit: % - Contained Metal: 17.7 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Indicated resource demonstrates a significant high-confidence manganese base, with good grade and JORC compliance. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: Good manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.2 Context: 173 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-84) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:ea31ea6e518690056736 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 173000000 - Grade: 9 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Indicated resource includes a good iron grade, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 9.0 Context: 173 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-85) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:ea31ea6e518690056736 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 173000000 - Grade: 17.2 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Indicated resource includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 17.2 Context: 173 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-86) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:ea31ea6e518690056736 - Deposit or zone: Total Indicated #### Resource Data - Category: indicated - Tonnes: 173000000 - Grade: 4.8 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Indicated resource includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Good confidence resource category \(Indicated\) - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 4.8 Context: 173 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-87) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:8a15e088d2b3d75a69d2 - Deposit or zone: KR2 #### Resource Data - Category: inferred - Tonnes: 2000000 - Grade: 11.1 - Grade Unit: % - Contained Metal: 0.3 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for KR2 shows a high manganese grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: High manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 11.1 Context: 2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-88) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:8a15e088d2b3d75a69d2 - Deposit or zone: KR2 #### Resource Data - Category: inferred - Tonnes: 2000000 - Grade: 11 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for KR2 includes a good iron grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 11.0 Context: 2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-89) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:8a15e088d2b3d75a69d2 - Deposit or zone: KR2 #### Resource Data - Category: inferred - Tonnes: 2000000 - Grade: 19.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for KR2 includes silicon and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 19.4 Context: 2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-90) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:8a15e088d2b3d75a69d2 - Deposit or zone: KR2 #### Resource Data - Category: inferred - Tonnes: 2000000 - Grade: 6 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for KR2 includes aluminium and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 6.0 Context: 2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-91) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:23580532be1958446c5c - Deposit or zone: Balfour East #### Resource Data - Category: inferred - Tonnes: 32000000 - Grade: 11.9 - Grade Unit: % - Contained Metal: 3.9 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Balfour East shows a high manganese grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: High manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 11.9 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-92) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:23580532be1958446c5c - Deposit or zone: Balfour East #### Resource Data - Category: inferred - Tonnes: 32000000 - Grade: 8.5 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Balfour East includes a good iron grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 8.5 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-93) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:23580532be1958446c5c - Deposit or zone: Balfour East #### Resource Data - Category: inferred - Tonnes: 32000000 - Grade: 18.6 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Balfour East includes silicon and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 18.6 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-94) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:23580532be1958446c5c - Deposit or zone: Balfour East #### Resource Data - Category: inferred - Tonnes: 32000000 - Grade: 4.9 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Balfour East includes aluminium and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 4.9 Context: 32 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-95) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:45511e3020e810851932 - Deposit or zone: Damsite #### Resource Data - Category: inferred - Tonnes: 7000000 - Grade: 12.1 - Grade Unit: % - Contained Metal: 0.9 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Damsite shows a high manganese grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: High manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 12.1 Context: 7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-96) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:45511e3020e810851932 - Deposit or zone: Damsite #### Resource Data - Category: inferred - Tonnes: 7000000 - Grade: 9.6 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Damsite includes a good iron grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 9.6 Context: 7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-97) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:45511e3020e810851932 - Deposit or zone: Damsite #### Resource Data - Category: inferred - Tonnes: 7000000 - Grade: 17.2 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Damsite includes silicon and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 17.2 Context: 7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-98) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:45511e3020e810851932 - Deposit or zone: Damsite #### Resource Data - Category: inferred - Tonnes: 7000000 - Grade: 4.2 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This Inferred resource for Damsite includes aluminium and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 4.2 Context: 7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-99) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7adc2d3b8d38b5ec71ac - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 11.9 - Grade Unit: % - Contained Metal: 5 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Inferred resource shows a high manganese grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: High manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 11.9 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-100) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7adc2d3b8d38b5ec71ac - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 8.9 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Inferred resource includes a good iron grade and is JORC compliant, but has lower confidence due to its category. - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 8.9 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-101) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7adc2d3b8d38b5ec71ac - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 18.4 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Inferred resource includes silicon and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 18.4 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-102) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:7adc2d3b8d38b5ec71ac - Deposit or zone: Total Inferred #### Resource Data - Category: inferred - Tonnes: 42000000 - Grade: 4.9 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The total Inferred resource includes aluminium and is JORC compliant, but has lower confidence due to its category. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Negative factor: Lower confidence resource category \(Inferred\) Evidence · table > 4.9 Context: 42 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-103) Balfour Manganese Field · manganese #### Identity - Project: Balfour Manganese Field - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:34f2720deafad07cbf77 - Deposit or zone: Grand Total #### Resource Data - Category: indicated - Tonnes: 315000000 - Grade: 10.5 - Grade Unit: % - Contained Metal: 33.1 - Contained Unit: mt - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The Grand Total resource represents a substantial increase in overall manganese tonnage and contained metal, with good grade and JORC compliance, indicating significant project scale. - Positive factor: Significant tonnage growth - Positive factor: Large contained metal - Positive factor: Good manganese grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 10.5 Context: 315 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-104) Balfour Manganese Field · iron\_ore #### Identity - Project: Balfour Manganese Field - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:34f2720deafad07cbf77 - Deposit or zone: Grand Total #### Resource Data - Category: indicated - Tonnes: 315000000 - Grade: 9.1 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The Grand Total resource includes a significant iron component, contributing to the polymetallic potential, and is JORC compliant. - Positive factor: Significant tonnage - Positive factor: Good iron grade - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 9.1 Context: 315 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-105) Balfour Manganese Field · silicon #### Identity - Project: Balfour Manganese Field - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:34f2720deafad07cbf77 - Deposit or zone: Grand Total #### Resource Data - Category: indicated - Tonnes: 315000000 - Grade: 17.2 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The Grand Total resource includes silicon, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Significant tonnage - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 17.2 Context: 315 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-resource-facts-106) Balfour Manganese Field · aluminium #### Identity - Project: Balfour Manganese Field - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Brendan Cummins, Greg Jones - Resource group id: resource:34f2720deafad07cbf77 - Deposit or zone: Grand Total #### Resource Data - Category: indicated - Tonnes: 315000000 - Grade: 4.7 - Grade Unit: % - Cutoff Grade: 7 - Cutoff Unit: % Mn #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The Grand Total resource includes aluminium, providing a complete picture of the resource composition, and is JORC compliant. - Positive factor: Significant tonnage - Positive factor: JORC compliant - Positive factor: QP/CP signed Evidence · table > 4.7 Context: 315 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## Metallurgical Results (50) ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-107) Wandanya Project · manganese #### Identity - Project: Wandanya Project - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 24.4 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite provides a baseline for metallurgical testwork, showing a good manganese content and low deleterious elements. - Positive factor: Good head grade for manganese - Positive factor: Low deleterious elements Evidence · table > 24.4 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-108) Wandanya Project · iron\_ore #### Identity - Project: Wandanya Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 6.09 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes iron, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 6.09 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-109) Wandanya Project · aluminium #### Identity - Project: Wandanya Project - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 3.13 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes aluminium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 3.13 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-110) Wandanya Project · silicon #### Identity - Project: Wandanya Project - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 14.4 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes silicon, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 14.4 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-111) Wandanya Project · calcium #### Identity - Project: Wandanya Project - Commodity: calcium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 0.76 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes calcium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.76 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-112) Wandanya Project · potassium #### Identity - Project: Wandanya Project - Commodity: potassium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 1.24 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes potassium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.24 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-113) Wandanya Project · magnesium #### Identity - Project: Wandanya Project - Commodity: magnesium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 1.36 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes magnesium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.36 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-114) Wandanya Project · barium #### Identity - Project: Wandanya Project - Commodity: barium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 0.45 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes barium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.45 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-115) Wandanya Project · phosphorus #### Identity - Project: Wandanya Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Low Grade MnO #### Recovery - Head Grade: 0.01 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Low Grade MnO composite includes phosphorus, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.01 Context: Low Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-116) Wandanya Project · manganese #### Identity - Project: Wandanya Project - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 30.9 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite provides a baseline for metallurgical testwork, showing a high manganese content and low deleterious elements. - Positive factor: High head grade for manganese - Positive factor: Low deleterious elements Evidence · table > 30.9 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-117) Wandanya Project · iron\_ore #### Identity - Project: Wandanya Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 6.85 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes iron, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 6.85 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-118) Wandanya Project · aluminium #### Identity - Project: Wandanya Project - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 3.15 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes aluminium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 3.15 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-119) Wandanya Project · silicon #### Identity - Project: Wandanya Project - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 9.9 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes silicon, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 9.9 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-120) Wandanya Project · calcium #### Identity - Project: Wandanya Project - Commodity: calcium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 0.93 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes calcium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.93 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-121) Wandanya Project · potassium #### Identity - Project: Wandanya Project - Commodity: potassium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 1.19 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes potassium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.19 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-122) Wandanya Project · magnesium #### Identity - Project: Wandanya Project - Commodity: magnesium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 0.95 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes magnesium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.95 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-123) Wandanya Project · barium #### Identity - Project: Wandanya Project - Commodity: barium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 0.93 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes barium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.93 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-124) Wandanya Project · phosphorus #### Identity - Project: Wandanya Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnO #### Recovery - Head Grade: 0.01 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnO composite includes phosphorus, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.01 Context: Med Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-125) Wandanya Project · manganese #### Identity - Project: Wandanya Project - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 45 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite provides a baseline for metallurgical testwork, showing a very high manganese content and low deleterious elements. - Positive factor: Very high head grade for manganese - Positive factor: Low deleterious elements Evidence · table > 45 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-126) Wandanya Project · iron\_ore #### Identity - Project: Wandanya Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 3.15 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes iron, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 3.15 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-127) Wandanya Project · aluminium #### Identity - Project: Wandanya Project - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 1.3 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes aluminium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.3 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-128) Wandanya Project · silicon #### Identity - Project: Wandanya Project - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 3.6 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes silicon, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 3.6 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-129) Wandanya Project · calcium #### Identity - Project: Wandanya Project - Commodity: calcium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 1.59 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes calcium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.59 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-130) Wandanya Project · potassium #### Identity - Project: Wandanya Project - Commodity: potassium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 0.94 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes potassium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.94 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-131) Wandanya Project · magnesium #### Identity - Project: Wandanya Project - Commodity: magnesium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 1.07 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes magnesium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.07 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-132) Wandanya Project · barium #### Identity - Project: Wandanya Project - Commodity: barium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 1.5 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes barium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.5 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-133) Wandanya Project · phosphorus #### Identity - Project: Wandanya Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnO #### Recovery - Head Grade: 0.01 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnO composite includes phosphorus, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.01 Context: High Grade MnO ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-134) Wandanya Project · manganese #### Identity - Project: Wandanya Project - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 28 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite provides a baseline for metallurgical testwork, showing a good manganese content and low deleterious elements. - Positive factor: Good head grade for manganese - Positive factor: Low deleterious elements Evidence · table > 28 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-135) Wandanya Project · iron\_ore #### Identity - Project: Wandanya Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 2.24 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes iron, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 2.24 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-136) Wandanya Project · aluminium #### Identity - Project: Wandanya Project - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 1.64 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes aluminium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.64 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-137) Wandanya Project · silicon #### Identity - Project: Wandanya Project - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 5.4 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes silicon, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 5.4 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-138) Wandanya Project · calcium #### Identity - Project: Wandanya Project - Commodity: calcium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 5.44 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes calcium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 5.44 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-139) Wandanya Project · potassium #### Identity - Project: Wandanya Project - Commodity: potassium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 1.29 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes potassium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.29 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-140) Wandanya Project · magnesium #### Identity - Project: Wandanya Project - Commodity: magnesium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 3.58 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes magnesium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 3.58 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-141) Wandanya Project · barium #### Identity - Project: Wandanya Project - Commodity: barium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 1.15 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes barium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.15 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-142) Wandanya Project · phosphorus #### Identity - Project: Wandanya Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade MnCb #### Recovery - Head Grade: 0.01 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade MnCb composite includes phosphorus, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.01 Context: Med Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-143) Wandanya Project · manganese #### Identity - Project: Wandanya Project - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 38 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite provides a baseline for metallurgical testwork, showing a high manganese content and low deleterious elements. - Positive factor: High head grade for manganese - Positive factor: Low deleterious elements Evidence · table > 38 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-144) Wandanya Project · iron\_ore #### Identity - Project: Wandanya Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 1.58 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes iron, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.58 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-145) Wandanya Project · aluminium #### Identity - Project: Wandanya Project - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 1.23 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes aluminium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.23 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-146) Wandanya Project · silicon #### Identity - Project: Wandanya Project - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 4.2 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes silicon, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 4.2 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-147) Wandanya Project · calcium #### Identity - Project: Wandanya Project - Commodity: calcium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 1.05 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes calcium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.05 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-148) Wandanya Project · potassium #### Identity - Project: Wandanya Project - Commodity: potassium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 0.27 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes potassium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.27 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-149) Wandanya Project · magnesium #### Identity - Project: Wandanya Project - Commodity: magnesium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 3.71 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes magnesium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 3.71 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-150) Wandanya Project · barium #### Identity - Project: Wandanya Project - Commodity: barium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 1.47 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes barium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.47 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-151) Wandanya Project · phosphorus #### Identity - Project: Wandanya Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: High Grade MnCb #### Recovery - Head Grade: 0.01 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the High Grade MnCb composite includes phosphorus, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.01 Context: High Grade MnCb ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-152) Wandanya Project · manganese #### Identity - Project: Wandanya Project - Commodity: manganese - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade Fe #### Recovery - Head Grade: 1.2 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade Fe composite includes manganese, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.2 Context: Med Grade Fe ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-153) Wandanya Project · iron\_ore #### Identity - Project: Wandanya Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade Fe #### Recovery - Head Grade: 54.7 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade Fe composite provides a baseline for metallurgical testwork, showing a high iron content and low deleterious elements. - Positive factor: High head grade for iron - Positive factor: Low deleterious elements Evidence · table > 54.7 Context: Med Grade Fe ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-154) Wandanya Project · aluminium #### Identity - Project: Wandanya Project - Commodity: aluminium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade Fe #### Recovery - Head Grade: 1.77 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade Fe composite includes aluminium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 1.77 Context: Med Grade Fe ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-155) Wandanya Project · silicon #### Identity - Project: Wandanya Project - Commodity: silicon - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade Fe #### Recovery - Head Grade: 5.7 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade Fe composite includes silicon, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 5.7 Context: Med Grade Fe ### composite head assay [Link to this fact](https://atlas-staging.minestarters.com/news/bca-annual-report-to-shareholders--98e47916-f3a0-4cde-b0a0-65bb6760f278#fact-metallurgical-facts-156) Wandanya Project · calcium #### Identity - Project: Wandanya Project - Commodity: calcium - Region: australia\_wa - Reported Region: Pilbara region of Western Australia - Ticker: BCA #### Test Work - Program Status: preliminary - Test Type: composite head assay - Sample: Med Grade Fe #### Recovery - Head Grade: 0.05 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This head grade for the Med Grade Fe composite includes calcium, providing a complete picture of the composite composition, with low deleterious elements. - Positive factor: Low deleterious elements Evidence · table > 0.05 Context: Med Grade Fe ## 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.