# BIM: Annual Report to Shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143531 Publisher: asx Original announcement: 2026-09-24T07:18:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T08:13:32.836Z Atlas analysis updated: 2026-09-24T08:13:32.836Z - Company: BINDI METALS LTD - Ticker: BIM - Exchange: ASX - Region: Serbia - Primary commodity: Gold - Secondary commodities: Silver, Bismuth, Molybdenum, Copper, Lead, Zinc - Document categories: Drill results, Agreement transaction, Other - Extracted: 2026-09-24 08:13:33 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Bindi Metals Ltd reported an increased operating loss of $2.71 million for the year ended June 2026, with a material uncertainty regarding its going concern status. Operationally, the company completed a maiden diamond drilling program at its Ravni Gold Project in Serbia, confirming high-grade gold \(peak 1m @ 37.8 g/t Au\) and silver \(peak 1m @ 341 g/t Ag\) mineralization and identifying a large epithermal system. The company also divested its Biloela Copper-Gold Project and farmed out the Schryburt Lake Project to focus on Ravni. Reasoning: Bindi Metals reported successful maiden drilling at its Ravni Gold Project in Serbia, confirming high-grade gold and silver mineralization and a large epithermal system, which is a significant positive for an exploration company. However, the company faces an increased operating loss and a material uncertainty regarding its going concern status, alongside strategic divestments to focus resources. - Positive factor: Maiden Drilling Success - Positive factor: High-Grade Intercepts - Positive factor: Confirmation of Large Hydrothermal System - Positive factor: Strategic Focus on Flagship Project - Negative factor: Increased Operating Loss - Negative factor: Material Uncertainty Regarding Going Concern - Negative factor: Core Loss in Early Drilling - Negative factor: Drilling Missed Target Due to Structural Complexity Facts used in scoring: 20 ## Classification and evidence **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The document does not disclose any QA/QC procedures, certified laboratories, or QP/CP sign-off for the drill results. Evidence · text > The program confirmed high-grade gold and silver mineralisation at multiple prospects and, importantly, intersected extensive silica-pyrite alteration and hydrothermal breccia that demonstrate the presence of a large and fertile hydrothermal system. **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The document does not state the cut-off grade used for reporting the drill intervals. Evidence · text > 2.0 m @ 21.6 g/t Au and 0.3% Bi from 47 m **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: Bismuth is mentioned as part of the drill intercepts, which can be a penalty element. Evidence · text > 0.3% Bi **Going Concern Uncertainty** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The auditor's report highlights a material uncertainty regarding the Consolidated Entity’s ability to continue as a going concern due to operating losses. Evidence · text > Material Uncertainty Related to Going Concern We draw attention to Note 2\(b\) in the financial report, which indicates that the Consolidated Entity incurred a net loss of $2,712,610 during the year ended 30 June 2026. As stated in Note 2\(b\), these events or conditions, along with other matters as set forth in Note 2\(b\) indicate a material uncertainty exists that may cast significant doubt on the Consolidated Entity’s ability to continue as a going concern. **Maiden Drilling Program** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company completed its first diamond drilling program at the Ravni Gold Project. Evidence · text > FY2026 was a transformational year for Ravni. Exploration progressed from regional mapping, rock-chip and soil geochemistry through induced-polarisation geophysics and into a maiden diamond drilling program. ## Extracted facts Stored fact records: 20. Some facts used in scoring do not have a stored record. ## Drill Results (20) ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-0) Ravni · gold #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 21.6 - Grade Unit: g/t - Intercept: 2 m - From: 47 m - To: 49 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:47-49 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This is an exceptionally high-grade gold intercept from the maiden drilling program, confirming significant mineralization at depth in the Drenjak prospect, despite being an apparent width and the presence of bismuth. - Positive factor: Bonanza Intercept - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure - Negative factor: Deleterious Elements Present Evidence · text > 2.0 m @ 21.6 g/t Au and 0.3% Bi from 47 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 21.6 g/t Au is well above the exceptional threshold for epithermal gold deposits. Evidence · text > 21.6 g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 2.0 m @ 21.6 g/t Au **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Bismuth is mentioned alongside gold, which can be a penalty element. Evidence · text > 0.3% Bi ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-1) Ravni · bismuth #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: bismuth - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.3 - Grade Unit: % - Intercept: 2 m - From: 47 m - To: 49 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:47-49 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Bismuth is present in this high-grade gold intercept, which could be a penalty element but also indicates the mineralisation style. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > 0.3% Bi from 47 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 2.0 m @ 21.6 g/t Au and 0.3% Bi ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-2) Ravni · gold #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 37.8 - Grade Unit: g/t - Intercept: 1 m - From: 47 m - To: 48 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:47-48 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This is an exceptionally high-grade gold sub-interval, further confirming the bonanza grades at Drenjak. - Positive factor: Bonanza Intercept - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure - Negative factor: Deleterious Elements Present Evidence · text > including 1.0 m @ 37.8 g/t Au, 1.7 g/t Ag and 0.6% Bi. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 37.8 g/t Au is well above the exceptional threshold for epithermal gold deposits. Evidence · text > 37.8 g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 1.0 m @ 37.8 g/t Au **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Bismuth is mentioned alongside gold, which can be a penalty element. Evidence · text > 0.6% Bi ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-3) Ravni · silver #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: silver - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 1.7 - Grade Unit: g/t - Intercept: 1 m - From: 47 m - To: 48 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:47-48 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Silver is present as a minor component in this high-grade gold sub-interval. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > including 1.0 m @ 37.8 g/t Au, 1.7 g/t Ag and 0.6% Bi. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 1.0 m @ 37.8 g/t Au, 1.7 g/t Ag ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-4) Ravni · bismuth #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: bismuth - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.6 - Grade Unit: % - Intercept: 1 m - From: 47 m - To: 48 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:47-48 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Bismuth is present in this high-grade gold sub-interval, which could be a penalty element but also indicates the mineralisation style. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > including 1.0 m @ 37.8 g/t Au, 1.7 g/t Ag and 0.6% Bi. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 1.0 m @ 37.8 g/t Au, 1.7 g/t Ag and 0.6% Bi ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-5) Ravni · gold #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.5 - Grade Unit: g/t - Intercept: 4.1 m - From: 110 m - To: 114.1 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:110-114.1 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This moderate-grade gold intercept from a lower zone in RAV26011 indicates broader mineralization, though at a lower grade than the upper zone. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > A second lower zone returned 4.1 m @ 0.5 g/t Au and 2.6 g/t Ag from 110 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 4.1 m @ 0.5 g/t Au ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-6) Ravni · silver #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: silver - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 2.6 - Grade Unit: g/t - Intercept: 4.1 m - From: 110 m - To: 114.1 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:110-114.1 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Silver is present as a minor component in this moderate-grade gold intercept. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > 4.1 m @ 0.5 g/t Au and 2.6 g/t Ag from 110 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 4.1 m @ 0.5 g/t Au and 2.6 g/t Ag ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-7) Ravni · gold #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 1.4 - Grade Unit: g/t - Intercept: 0.5 m - From: 110 m - To: 110.5 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:110-110.5 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This higher-grade gold sub-interval within the lower zone of RAV26011 adds to the evidence of mineralization. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > including 0.5 m @ 1.4 g/t Au and 13 g/t Ag. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 0.5 m @ 1.4 g/t Au ### RAV26011 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-8) Ravni · silver #### Identity - Hole ID: RAV26011 - Project: Ravni - Commodity: silver - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 13 - Grade Unit: g/t - Intercept: 0.5 m - From: 110 m - To: 110.5 m - Intercept Depth: 47 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26011:110-110.5 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Silver is present as a minor component in this higher-grade gold sub-interval. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > including 0.5 m @ 1.4 g/t Au and 13 g/t Ag. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 0.5 m @ 1.4 g/t Au and 13 g/t Ag ### RAV26010 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-9) Ravni · silver #### Identity - Hole ID: RAV26010 - Project: Ravni - Commodity: silver - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 71.1 - Grade Unit: g/t - Intercept: 5 m - From: 112.8 m - To: 117.8 m - Intercept Depth: 112.8 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26010:112.8-117.8 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This moderate-grade silver intercept from Rudnjak North confirms significant silver mineralization and a large hydrothermal system. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > 5.0 m @ 71.1 g/t Ag and 0.01% Mo from 112.8 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 5.0 m @ 71.1 g/t Ag ### RAV26010 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-10) Ravni · molybdenum #### Identity - Hole ID: RAV26010 - Project: Ravni - Commodity: molybdenum - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.01 - Grade Unit: % - Intercept: 5 m - From: 112.8 m - To: 117.8 m - Intercept Depth: 112.8 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26010:112.8-117.8 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Molybdenum is present as a minor component in this silver intercept. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > 0.01% Mo from 112.8 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 5.0 m @ 71.1 g/t Ag and 0.01% Mo ### RAV26010 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-11) Ravni · silver #### Identity - Hole ID: RAV26010 - Project: Ravni - Commodity: silver - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 341 - Grade Unit: g/t - Intercept: 1 m - From: 112.8 m - To: 113.8 m - Intercept Depth: 112.8 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26010:112.8-113.8 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This exceptionally high-grade silver sub-interval confirms bonanza silver grades at Rudnjak North, indicating a strong epithermal system. - Positive factor: Bonanza Intercept - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > including 1.0 m @ 341 g/t Ag, 0.06% Cu and 0.05% Mo. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: 341 g/t Ag is well above the strong threshold for silver deposits. Evidence · text > 341 g/t Ag **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 1.0 m @ 341 g/t Ag ### RAV26010 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-12) Ravni · copper #### Identity - Hole ID: RAV26010 - Project: Ravni - Commodity: copper - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.06 - Grade Unit: % - Intercept: 1 m - From: 112.8 m - To: 113.8 m - Intercept Depth: 112.8 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26010:112.8-113.8 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Copper is present as a minor component in this high-grade silver sub-interval. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > including 1.0 m @ 341 g/t Ag, 0.06% Cu and 0.05% Mo. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 1.0 m @ 341 g/t Ag, 0.06% Cu ### RAV26010 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-13) Ravni · molybdenum #### Identity - Hole ID: RAV26010 - Project: Ravni - Commodity: molybdenum - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.05 - Grade Unit: % - Intercept: 1 m - From: 112.8 m - To: 113.8 m - Intercept Depth: 112.8 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: RAV26010:112.8-113.8 #### Location - Location: Lower Zone - Loc. Source: document #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: Molybdenum is present as a minor component in this high-grade silver sub-interval. - Positive factor: Maiden Drilling Success - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure Evidence · text > including 1.0 m @ 341 g/t Ag, 0.06% Cu and 0.05% Mo. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 1.0 m @ 341 g/t Ag, 0.06% Cu and 0.05% Mo ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-14) Ravni · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Ravni - Commodity: gold - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.06 - Grade Unit: g/t - Intercept: 2.3 m - From: 11.6 m - To: 13.9 m - Intercept Depth: 11.6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: Ravni:11.6-13.9 #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This low-grade gold intercept at Rujak is interpreted as leakage along a fault, indicating the main target was missed due to structural complexity and drill pad constraints. - Positive factor: Maiden Drilling Success - Negative factor: Weak Intercept - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure - Negative factor: Drilling Missed Target Evidence · text > including 2.3 m @ 0.06 g/t Au, 5.1 g/t Ag, 0.3% Pb and 0.3% Zn from 11.6 m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Weak Intercept** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Reason: 0.06 g/t Au is below the weak threshold for gold deposits. Evidence · text > 0.06 g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 2.3 m @ 0.06 g/t Au ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-15) Ravni · silver Needs review: drill\_no\_hole\_id #### Identity - Project: Ravni - Commodity: silver - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 5.1 - Grade Unit: g/t - Intercept: 2.3 m - From: 11.6 m - To: 13.9 m - Intercept Depth: 11.6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: Ravni:11.6-13.9 #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This low-grade silver intercept at Rujak is interpreted as leakage along a fault, indicating the main target was missed due to structural complexity and drill pad constraints. - Positive factor: Maiden Drilling Success - Negative factor: Weak Intercept - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure - Negative factor: Drilling Missed Target Evidence · text > including 2.3 m @ 0.06 g/t Au, 5.1 g/t Ag, 0.3% Pb and 0.3% Zn from 11.6 m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Weak Intercept** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Reason: 5.1 g/t Ag is below the weak threshold for silver deposits. Evidence · text > 5.1 g/t Ag **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 2.3 m @ 0.06 g/t Au, 5.1 g/t Ag ### Fact 17 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-16) Ravni · lead Needs review: drill\_no\_hole\_id #### Identity - Project: Ravni - Commodity: lead - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.3 - Grade Unit: % - Intercept: 2.3 m - From: 11.6 m - To: 13.9 m - Intercept Depth: 11.6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: Ravni:11.6-13.9 #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This low-grade lead intercept at Rujak is interpreted as leakage along a fault, indicating the main target was missed due to structural complexity and drill pad constraints. - Positive factor: Maiden Drilling Success - Negative factor: Weak Intercept - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure - Negative factor: Drilling Missed Target Evidence · text > including 2.3 m @ 0.06 g/t Au, 5.1 g/t Ag, 0.3% Pb and 0.3% Zn from 11.6 m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Weak Intercept** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Reason: 0.3% Pb is below the weak threshold for lead deposits. Evidence · text > 0.3% Pb **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 2.3 m @ 0.06 g/t Au, 5.1 g/t Ag, 0.3% Pb ### Fact 18 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-17) Ravni · zinc Needs review: drill\_no\_hole\_id #### Identity - Project: Ravni - Commodity: zinc - Region: serbia - Reported Region: serbia - Ticker: BIM #### Geometry - Grade: 0.3 - Grade Unit: % - Intercept: 2.3 m - From: 11.6 m - To: 13.9 m - Intercept Depth: 11.6 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: Ravni:11.6-13.9 #### QA/QC - QP Signed: No - QA/QC Methods: standards #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: bismuth #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: This low-grade zinc intercept at Rujak is interpreted as leakage along a fault, indicating the main target was missed due to structural complexity and drill pad constraints. - Positive factor: Maiden Drilling Success - Negative factor: Weak Intercept - Negative factor: Apparent Width Only - Negative factor: No QA/QC Disclosure - Negative factor: Drilling Missed Target Evidence · text > including 2.3 m @ 0.06 g/t Au, 5.1 g/t Ag, 0.3% Pb and 0.3% Zn from 11.6 m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true #### Rejected tags **Weak Intercept** — Rejected; excluded from scoring Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Reason: 0.3% Zn is below the weak threshold for zinc deposits. Evidence · text > 0.3% Zn **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width without true width or drill orientation. Evidence · text > 2.3 m @ 0.06 g/t Au, 5.1 g/t Ag, 0.3% Pb and 0.3% Zn ### Fact 19 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-18) Biloela Copper-Gold Project #### Identity - Project: Biloela Copper-Gold Project - Region: australia\_qld - Reported Region: Queensland - Ticker: BIM #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: The sale of the Biloela project allows Bindi to focus resources on its flagship Ravni project while retaining exposure to future success through equity and a royalty. - Positive factor: Strategic Focus - Positive factor: Retained Exposure Evidence · text > On 3 August 2026 the Company entered into a legally binding tenement sale agreement \(“Transaction Agreement”\) with Jacaranda Natural Resources Pty Ltd \(“Jacaranda”\) to sell 100% of its Biloela Project, located in Queensland. Total potential consideration comprises a non-refundable $40,000 cash exclusivity fee already paid, up to $900,000 in Jacaranda shares \(subject to milestone achievement\) and a retained 2% Net Smelter Return Royalty \(“Royalty”\). #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 20 [Link to this fact](https://atlas-staging.minestarters.com/news/bim-annual-report-to-shareholders--a92f9185-8607-471e-9b23-dece0b9e1fff#fact-drill-facts-19) Schryburt Lake Project #### Identity - Project: Schryburt Lake Project - Region: canada\_on - Reported Region: Ontario - Ticker: BIM #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-24T00:00:00.000Z Reasoning: The farm-out of Schryburt Lake allows Bindi to reduce its funding commitments and focus on Ravni, while retaining significant exposure to exploration upside. - Positive factor: Strategic Focus - Positive factor: Reduced Funding Commitments - Positive factor: Retained Exposure Evidence · text > Bindi’s farm-out of the Schryburt Lake Project allows the Company to retain exposure to exploration upside while prioritising capital allocation toward Ravni. Under the staged earn-in, Canamera Energy Metals Corp may earn up to a 90% interest by funding up to $9.0 million of exploration expenditure. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## 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.