BM1: Mt Ida Gold Resource increases 56% to 1.84 Moz
Original announcement by asx on
- Company
- Ballard Mining
- Ticker
- BM1
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-22 23:13:34 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Ballard Mining has reported a significant 56% increase in the global Mineral Resource Estimate for its Mt Ida Gold Project in Western Australia, now totaling 1.84 Moz at 2.8 g/t gold. This update incorporates 125 km of new drilling and includes maiden resources for several regional deposits, achieved at a low discovery cost of A$36 per ounce. The expanded resource strengthens the foundation for a planned Feasibility Study, though a substantial portion remains in the Inferred category.
Reasoning: Ballard Mining announced a substantial 56% increase in its Mt Ida Gold Project's global MRE to 1.84 Moz, driven by new drilling and maiden estimates for several deposits, at a low discovery cost. This significantly de-risks the project and strengthens the basis for a Feasibility Study, despite a large portion of the resource remaining in the Inferred category.
Positive factors
- Significant increase in global Mineral Resource Estimate (MRE) by 56% to 1.84 Moz gold.
- Cornerstone Baldock deposit resource increased by 35% to 1.36 Moz gold, maintaining high-grade tenor.
- Maiden MREs established for Neptune, Pluto, and Astro-Quasar deposits, indicating new growth areas.
- Low discovery cost of A$36 per ounce for the MRE increase.
- The MRE update strengthens the technical foundation for the planned Feasibility Study.
- JORC 2012 compliant estimate with sign-off from multiple Qualified Persons.
Negative factors
- A high proportion of the total resource (15.2 Mt or 75%) remains in the Inferred category, which has lower geological confidence.
- Some historical drilling data with limited QA/QC was retained for Inferred classification, potentially impacting confidence in those specific areas.
- Estimates for Kestrel, Bombay, and historical tailings are unchanged and historical, not reflecting new work.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 44
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The global MRE increased by 56% to 20.4 Mt, representing a significant increase in tonnage.
Evidence · text
“Global Mineral Resource Estimate (MRE) increases by 658 koz (56%) to: o 20.4 Mt @ 2.8 g/t for 1.84 Moz gold”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The global MRE increased by 56% or 658 koz to 1.84 Moz gold, indicating a substantial increase in contained metal.
Evidence · text
“Global Mineral Resource Estimate (MRE) increases by 658 koz (56%) to: o 20.4 Mt @ 2.8 g/t for 1.84 Moz gold”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: Maiden MREs were reported for Neptune, Pluto, and Astro-Quasar deposits, establishing new resource bases.
Evidence · text
“Maiden MRE for Neptune, Pluto and Astro-Quasar deposits”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document reports an updated JORC 2012 Mineral Resource Estimate for the Mt Ida Gold Project.
Evidence · text
“Ballard Mining (ASX:BM1) (“Ballard” or “the Company”) is pleased to report an updated JORC 2012 Mineral Resource Estimate ("MRE") for its Mt Ida Gold Project”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is explicitly stated to be a JORC 2012 Mineral Resource Estimate.
Evidence · text
“JORC 2012 Mineral Resource Estimate”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The MRE was completed by Michael Andrew and Susan Havlin from Snowden Optiro, and Todd Hibberd from Ballard Mining, all identified as Competent Persons.
Evidence · text
“The updated MRE was completed by Michael Andrew and Susan Havlin from independent consulting Group Snowden Optiro in September 2026.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the total MRE, 15.2 Mt for 1.189 Moz, is classified as Inferred, indicating lower confidence.
Evidence · table
“1,189”
Context: 15,238
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Kestrel, Bombay, and historical tailings estimates are explicitly stated to be unchanged since the February 2026 update, indicating they are historical data.
Evidence · text
“Previously reported MREs at Kestrel and Bombay have not changed since the February 2026 update”
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: The expanded MRE strengthens the technical foundation for the planned Feasibility Study, which is a more advanced economic study than a PEA.
Evidence · text
“Strengthens Foundation for planned Mt Ida Feasibility Study”
Extracted facts
Stored fact records: 44. Some facts used in scoring do not have a stored record.
Resource Estimates (44)
indicatedMt Ida Gold Project · goldTonnes: 3530000Grade: 3.9Grade Unit: g/tContained Metal: 437000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:4bf26d0fc57c02108d09
- Deposit or zone
- Open Cut
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3530000
- Grade
- 3.9
- Grade Unit
- g/t
- Contained Metal
- 437000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 437000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated Open Cut resource shows a strong grade and high confidence, which is positive for project de-risking, but its lack of material change suggests no new high-confidence discoveries in this category.
Positive factors
- High-grade Indicated resource for open pit mining.
- Indicated category provides higher confidence for economic studies.
- Grade of 3.9 g/t Au is strong for open pit gold.
Negative factors
- Indicated resource has not materially changed since the previous MRE, indicating limited growth in this high-confidence category.
Evidence · table
“437”
Context: 3,530
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 8935000Grade: 1.9Grade Unit: g/tContained Metal: 533000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:1acc804bc0ef941531d8
- Deposit or zone
- Open Cut
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 8935000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 533000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred Open Cut resource adds substantial ounces to the project, demonstrating growth potential, but its lower confidence category and grade indicate it's an early-stage contribution.
Positive factors
- Significant tonnage and contained metal added to the Inferred Open Cut category, contributing to overall resource growth.
- Grade of 1.9 g/t Au is moderate for open pit gold.
Negative factors
- Inferred category has lower geological confidence and requires further drilling for conversion.
- Grade is lower than the Indicated portion.
Evidence · table
“533”
Context: 8,935
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 12465000Grade: 2.4Grade Unit: g/tContained Metal: 970000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:ec7c6eabaff893c0e082
- Deposit or zone
- Open Cut
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 12465000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 970000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Open Cut resource demonstrates substantial scale and grade, supporting future development, but its reliance on Inferred material necessitates further confidence-building work.
Positive factors
- Overall Open Cut resource shows significant contained metal, providing a strong base for potential open pit operations.
- Grade of 2.4 g/t Au is good for open pit mining.
Negative factors
- A significant portion of the Open Cut resource is in the Inferred category, requiring further de-risking.
Evidence · table
“970”
Context: 12,465
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedMt Ida Gold Project · goldTonnes: 1608000Grade: 4.1Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:d68507530c23c5323551
- Deposit or zone
- Underground
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1608000
- Grade
- 4.1
- Grade Unit
- g/t
- Contained Metal
- 210000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated Underground resource offers high-grade, high-confidence ounces, which is very positive for potential underground development.
Positive factors
- High-grade Indicated resource for underground mining, providing a solid foundation for future studies.
- Grade of 4.1 g/t Au is strong for underground gold.
Evidence · table
“210”
Context: 1,608
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 6304000Grade: 3.2Grade Unit: g/tContained Metal: 656000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:477fc973c1d7bba58b41
- Deposit or zone
- Underground
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6304000
- Grade
- 3.2
- Grade Unit
- g/t
- Contained Metal
- 656000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred Underground resource adds substantial ounces with good grade, indicating significant potential, but its lower confidence category requires further de-risking.
Positive factors
- Significant contained metal added to the Inferred Underground category, contributing to overall resource growth.
- Grade of 3.2 g/t Au is good for underground gold.
Negative factors
- Inferred category has lower geological confidence and requires further drilling for conversion.
Evidence · table
“656”
Context: 6,304
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 7912000Grade: 3.4Grade Unit: g/tContained Metal: 866000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:527bdac51658268291ee
- Deposit or zone
- Underground
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7912000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 866000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Underground resource demonstrates substantial scale and grade, supporting future development, but its reliance on Inferred material necessitates further confidence-building work.
Positive factors
- Overall Underground resource shows significant contained metal with a strong grade, supporting potential underground operations.
- Grade of 3.4 g/t Au is good for underground mining.
Negative factors
- A significant portion of the Underground resource is in the Inferred category, requiring further de-risking.
Evidence · table
“866”
Context: 7,912
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedMt Ida Gold Project · goldTonnes: 5138000Grade: 3.9Grade Unit: g/tContained Metal: 647000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:4073d0603f9d21071e32
- Deposit or zone
- Total
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5138000
- Grade
- 3.9
- Grade Unit
- g/t
- Contained Metal
- 647000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated resource represents a significant, high-confidence portion of the project, crucial for de-risking and future economic studies.
Positive factors
- High-grade Indicated resource across both mining methods, providing a strong, high-confidence base for the project.
- Grade of 3.9 g/t Au is excellent for a combined resource.
Evidence · table
“647”
Context: 5,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 15238000Grade: 2.4Grade Unit: g/tContained Metal: 1189000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:7be1c8a3bceaee8775f8
- Deposit or zone
- Total
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 15238000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 1189000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The large Inferred resource highlights the project's growth potential but also its early stage of confidence, necessitating further de-risking efforts.
Positive factors
- Significant contained metal added to the Inferred category, demonstrating substantial growth potential for the project.
- Grade of 2.4 g/t Au is good for a combined resource.
Negative factors
- The majority of the total resource is in the Inferred category, indicating lower geological confidence and requiring further drilling.
Evidence · table
“1,189”
Context: 15,238
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 20376000Grade: 2.8Grade Unit: g/tContained Metal: 1836000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:ca66e573eb58e1dfd94e
- Deposit or zone
- Total MRE
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 20376000
- Grade
- 2.8
- Grade Unit
- g/t
- Contained Metal
- 1836000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 1178000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The global MRE shows a highly positive and material increase in contained gold, driven by new drilling and maiden estimates, significantly enhancing the project's overall value and potential for future development.
Positive factors
- Global MRE increased by 56% to 1.84 Moz, representing significant growth and scale.
- The overall grade of 2.8 g/t Au is strong for a project of this size.
- Low discovery cost of A$36/oz highlights efficient exploration.
Negative factors
- A substantial portion of the total MRE is in the Inferred category, indicating lower confidence for immediate development.
Evidence · text
“20.4 Mt @ 2.8 g/t for 1.84 Moz gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 1836000 against 1178000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedMt Ida Gold Project · goldTonnes: 3530000Grade: 3.9Grade Unit: g/tContained Metal: 437000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:c4bec433577677a18844
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3530000
- Grade
- 3.9
- Grade Unit
- g/t
- Contained Metal
- 437000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 437000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated Open Cut resource at Baldock shows a strong grade and high confidence, which is positive for project de-risking, but its lack of material change suggests no new high-confidence discoveries in this category.
Positive factors
- High-grade Indicated resource for open pit mining at the cornerstone Baldock deposit.
- Indicated category provides higher confidence for economic studies.
- Grade of 3.9 g/t Au is strong for open pit gold.
Negative factors
- Indicated resource has not materially changed since the previous MRE, indicating limited growth in this high-confidence category.
Evidence · table
“437”
Context: 3,530
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 1010000Grade: 2.5Grade Unit: g/tContained Metal: 79000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:14b080a80ca886e90bbb
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1010000
- Grade
- 2.5
- Grade Unit
- g/t
- Contained Metal
- 79000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred Open Cut resource at Baldock contributes to the overall resource but its lower confidence and grade indicate it's an early-stage contribution.
Positive factors
- Adds to the overall resource base for the Baldock deposit.
- Grade of 2.5 g/t Au is moderate for open pit gold.
Negative factors
- Inferred category has lower geological confidence and requires further drilling for conversion.
- Grade is lower than the Indicated portion.
Evidence · table
“79”
Context: 1,010
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 4540000Grade: 3.5Grade Unit: g/tContained Metal: 516000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:afd459e2e081df2f66a1
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4540000
- Grade
- 3.5
- Grade Unit
- g/t
- Contained Metal
- 516000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Open Cut resource at Baldock demonstrates substantial scale and grade, supporting future development, but its reliance on Inferred material necessitates further confidence-building work.
Positive factors
- Overall Open Cut resource at Baldock shows significant contained metal with a strong grade, supporting potential open pit operations.
- Grade of 3.5 g/t Au is strong for open pit mining.
Negative factors
- A significant portion of the Open Cut resource is in the Inferred category, requiring further de-risking.
Evidence · table
“516”
Context: 4,540
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 940000Grade: 1.6Grade Unit: g/tContained Metal: 48000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:885686d35880c69e77d7
- Deposit or zone
- Kestrel
Resource Data
- Category
- inferred
- Tonnes
- 940000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 48000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Kestrel resource is historical and entirely Inferred, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Grade of 1.6 g/t Au is moderate for open pit gold.
Evidence · table
“48”
Context: 940
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 2363000Grade: 1.6Grade Unit: g/tContained Metal: 124000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:9075d6a476e8cc546d8f
- Deposit or zone
- Golden Vale
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2363000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 124000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 27000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Golden Vale shows strong growth in contained gold, significantly contributing to the project's overall resource, but its Inferred classification indicates early-stage confidence.
Positive factors
- Significant increase in contained metal from 27 koz to 124 koz, demonstrating strong growth.
- Adds substantial ounces to the project's resource base.
- Grade of 1.6 g/t Au is moderate for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“124”
Context: 2,363
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 124000 against 27000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 711000Grade: 1.3Grade Unit: g/tContained Metal: 30000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:6b5f39c9c1030fffc094
- Deposit or zone
- Bombay
Resource Data
- Category
- inferred
- Tonnes
- 711000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 30000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Bombay resource is historical and entirely Inferred, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Grade of 1.3 g/t Au is moderate for open pit gold.
Evidence · table
“30”
Context: 711
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 1638000Grade: 2.6Grade Unit: g/tContained Metal: 138000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:a59d87dfb619dd9b4094
- Deposit or zone
- West Knell
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1638000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 138000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 40000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: West Knell shows exceptional growth in contained gold, significantly contributing to the project's overall resource, but its Inferred classification indicates early-stage confidence.
Positive factors
- Substantial increase in contained metal from 40 koz to 138 koz, representing strong growth.
- Adds significant ounces to the project's resource base.
- Grade of 2.6 g/t Au is good for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“138”
Context: 1,638
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 138000 against 40000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 496000Grade: 1.8Grade Unit: g/tContained Metal: 29000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:b3578ad25be5c172aa83
- Deposit or zone
- Jupiter
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 496000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 29000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 11000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Jupiter shows strong growth in contained gold, contributing to the overall resource, but its Inferred classification indicates early-stage confidence.
Positive factors
- Significant increase in contained metal from 11 koz to 29 koz, demonstrating strong growth.
- Adds to the project's resource base.
- Grade of 1.8 g/t Au is moderate for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“29”
Context: 496
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 29000 against 11000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 501000Grade: 1.5Grade Unit: g/tContained Metal: 25000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:c61467764601a845db38
- Deposit or zone
- Neptune
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 501000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 25000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The maiden MRE for Neptune is a positive, novel addition to the resource base, but its Inferred classification indicates early-stage confidence.
Positive factors
- Maiden MRE for Neptune, adding new ounces to the project's resource base.
- Grade of 1.5 g/t Au is moderate for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“25”
Context: 501
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 289000Grade: 2.9Grade Unit: g/tContained Metal: 27000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:6b3ad72dd4d536743919
- Deposit or zone
- Pluto
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 289000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 27000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The maiden MRE for Pluto is a positive, novel addition to the resource base with a strong grade, but its Inferred classification indicates early-stage confidence.
Positive factors
- Maiden MRE for Pluto, adding new ounces to the project's resource base.
- Grade of 2.9 g/t Au is strong for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“27”
Context: 289
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 412000Grade: 1.6Grade Unit: g/tContained Metal: 21000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:a50b437a7f90ad39659c
- Deposit or zone
- Astro - Quasar
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 412000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 21000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The maiden MRE for Astro-Quasar is a positive, novel addition to the resource base, but its Inferred classification indicates early-stage confidence.
Positive factors
- Maiden MRE for Astro-Quasar, adding new ounces to the project's resource base.
- Grade of 1.6 g/t Au is moderate for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“21”
Context: 412
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 29000Grade: 2.1Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:9e0d64cb96a1e9fa734f
- Deposit or zone
- Lunar
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 29000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Lunar resource is a small, Inferred addition to the resource base, contributing to overall potential but at an early stage of confidence.
Positive factors
- Adds to the project's resource base.
- Grade of 2.1 g/t Au is good for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
- Very small contained metal amount.
Evidence · table
“2”
Context: 29
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 46000Grade: 1.3Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:6cd86a4f5c69357680a0
- Deposit or zone
- Saturn
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 46000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Saturn resource is a small, Inferred addition to the resource base, contributing to overall potential but at an early stage of confidence.
Positive factors
- Adds to the project's resource base.
- Grade of 1.3 g/t Au is moderate for open pit gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
- Very small contained metal amount.
Evidence · table
“2”
Context: 46
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 500000Grade: 0.5Grade Unit: g/tContained Metal: 8000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:181003b36cf0b504c6cc
- Deposit or zone
- Tailings
Resource Data
- Category
- inferred
- Tonnes
- 500000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 8000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Tailings resource is historical and entirely Inferred with a very low grade, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Very low grade of 0.5 g/t Au.
Evidence · table
“8”
Context: 500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedMt Ida Gold Project · goldTonnes: 1608000Grade: 4.1Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:2bd1be53765a1873e793
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1608000
- Grade
- 4.1
- Grade Unit
- g/t
- Contained Metal
- 210000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Indicated Underground resource at Baldock offers high-grade, high-confidence ounces, which is very positive for potential underground development.
Positive factors
- High-grade Indicated resource for underground mining at the cornerstone Baldock deposit.
- Indicated category provides higher confidence for economic studies.
- Grade of 4.1 g/t Au is strong for underground gold.
Evidence · table
“210”
Context: 1,608
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 6050000Grade: 3.3Grade Unit: g/tContained Metal: 637000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:e944e88fb462061c20ea
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 6050000
- Grade
- 3.3
- Grade Unit
- g/t
- Contained Metal
- 637000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Inferred Underground resource at Baldock adds substantial ounces with good grade, indicating significant potential, but its lower confidence category requires further de-risking.
Positive factors
- Significant contained metal added to the Inferred Underground category at Baldock, contributing to overall resource growth.
- Grade of 3.3 g/t Au is good for underground gold.
Negative factors
- Inferred category has lower geological confidence and requires further drilling for conversion.
Evidence · table
“637”
Context: 6,050
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 7658000Grade: 3.4Grade Unit: g/tContained Metal: 847000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:6266926980f088644aa3
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7658000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 847000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Underground resource at Baldock demonstrates substantial scale and grade, supporting future development, but its reliance on Inferred material necessitates further confidence-building work.
Positive factors
- Overall Underground resource at Baldock shows significant contained metal with a strong grade, supporting potential underground operations.
- Grade of 3.4 g/t Au is good for underground mining.
Negative factors
- A significant portion of the Underground resource is in the Inferred category, requiring further de-risking.
Evidence · table
“847”
Context: 7,658
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 80000Grade: 1.9Grade Unit: g/tContained Metal: 5000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:8d581f010ce0bca9b17e
- Deposit or zone
- Kestrel
Resource Data
- Category
- inferred
- Tonnes
- 80000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 5000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Kestrel underground resource is historical and entirely Inferred, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Grade of 1.9 g/t Au is moderate for underground gold.
Evidence · table
“5”
Context: 80
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 30000Grade: 3.1Grade Unit: g/tContained Metal: 3000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:228deefdc734027fc81d
- Deposit or zone
- Bombay
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 3.1
- Grade Unit
- g/t
- Contained Metal
- 3000
- Contained Unit
- oz
- Cutoff Grade
- 1.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Bombay underground resource is historical and entirely Inferred, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Grade of 3.1 g/t Au is good for underground gold.
Evidence · table
“3”
Context: 30
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 121000Grade: 2.3Grade Unit: g/tContained Metal: 9000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:c0a0b316ef1315e22eb5
- Deposit or zone
- West Knell
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 121000
- Grade
- 2.3
- Grade Unit
- g/t
- Contained Metal
- 9000
- Contained Unit
- oz
- Cutoff Grade
- 1.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The West Knell underground resource is a small, Inferred addition to the resource base, contributing to overall potential but at an early stage of confidence.
Positive factors
- Adds to the project's resource base.
- Grade of 2.3 g/t Au is moderate for underground gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
- Small contained metal amount.
Evidence · table
“9”
Context: 121
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 23000Grade: 2.9Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:7ddc76a7a607c2debbd1
- Deposit or zone
- Neptune
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 23000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 1.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The maiden MRE for Neptune underground is a small, novel addition to the resource base, but its Inferred classification indicates early-stage confidence.
Positive factors
- Maiden MRE for Neptune underground, adding new ounces to the project's resource base.
- Grade of 2.9 g/t Au is good for underground gold.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
- Very small contained metal amount.
Evidence · table
“2”
Context: 23
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedMt Ida Gold Project · goldTonnes: 5138000Grade: 3.9Grade Unit: g/tContained Metal: 647000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:7d7518c81b70afae60c6
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5138000
- Grade
- 3.9
- Grade Unit
- g/t
- Contained Metal
- 647000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 1006000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The total Indicated resource at Baldock represents a significant, high-confidence portion of the project, crucial for de-risking and future economic studies.
Positive factors
- High-grade Indicated resource across both mining methods at the cornerstone Baldock deposit, providing a strong, high-confidence base for the project.
- Grade of 3.9 g/t Au is excellent for a combined resource.
Evidence · table
“647”
Context: 5,138
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 647000 against 1006000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 7060000Grade: 3.2Grade Unit: g/tContained Metal: 716000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:e692c4a89f42c8ec60fc
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 7060000
- Grade
- 3.2
- Grade Unit
- g/t
- Contained Metal
- 716000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The large Inferred resource at Baldock highlights its growth potential but also its early stage of confidence, necessitating further de-risking efforts.
Positive factors
- Significant contained metal added to the Inferred category at Baldock, demonstrating substantial growth potential for the deposit.
- Grade of 3.2 g/t Au is good for a combined resource.
Negative factors
- The majority of the Baldock resource is in the Inferred category, indicating lower geological confidence and requiring further drilling.
Evidence · table
“716”
Context: 7,060
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 12198000Grade: 3.5Grade Unit: g/tContained Metal: 1363000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:dfe67b354c40548fa8d5
- Deposit or zone
- Baldock
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 12198000
- Grade
- 3.5
- Grade Unit
- g/t
- Contained Metal
- 1363000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 1006000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Baldock MRE shows a highly positive and material increase in contained gold, significantly enhancing the project's overall value and potential for future development, while maintaining its high-grade nature.
Positive factors
- Baldock MRE increased by 35% to 1.36 Moz, representing significant growth and scale for the cornerstone deposit.
- The overall grade of 3.5 g/t Au is excellent for a project of this size.
- Maintains high-grade tenor, which is positive for project economics.
Negative factors
- A substantial portion of the Baldock MRE is in the Inferred category, indicating lower confidence for immediate development.
Evidence · text
“12.2 Mt @ 3.5 g/t for 1.36 Moz gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 1363000 against 1006000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 1020000Grade: 1.6Grade Unit: g/tContained Metal: 53000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:9611dda846334f68443e
- Deposit or zone
- Kestrel
Resource Data
- Category
- inferred
- Tonnes
- 1020000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 53000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Kestrel resource is historical and entirely Inferred, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Grade of 1.6 g/t Au is moderate for a combined resource.
Evidence · table
“53”
Context: 1,020
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 2363000Grade: 1.6Grade Unit: g/tContained Metal: 124000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:9075d6a476e8cc546d8f
- Deposit or zone
- Golden Vale
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2363000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 124000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 27000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Golden Vale shows strong growth in contained gold, significantly contributing to the project's overall resource, but its Inferred classification indicates early-stage confidence.
Positive factors
- Significant increase in contained metal from 27 koz to 124 koz, demonstrating strong growth.
- Adds substantial ounces to the project's resource base.
- Grade of 1.6 g/t Au is moderate for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“124”
Context: 2,363
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 124000 against 27000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 740000Grade: 1.4Grade Unit: g/tContained Metal: 33000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:2086ce523c304e09970b
- Deposit or zone
- Bombay
Resource Data
- Category
- inferred
- Tonnes
- 740000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 33000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Bombay resource is historical and entirely Inferred, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Grade of 1.4 g/t Au is moderate for a combined resource.
Evidence · table
“33”
Context: 740
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 1759000Grade: 2.6Grade Unit: g/tContained Metal: 147000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:d53dd9333550b3b7e3e1
- Deposit or zone
- West Knell
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1759000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 147000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 40000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: West Knell shows exceptional growth in contained gold, significantly contributing to the project's overall resource, but its Inferred classification indicates early-stage confidence.
Positive factors
- Substantial increase in contained metal from 40 koz to 147 koz, representing strong growth.
- Adds significant ounces to the project's resource base.
- Grade of 2.6 g/t Au is good for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“147”
Context: 1,759
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 147000 against 40000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 496000Grade: 1.8Grade Unit: g/tContained Metal: 29000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:b3578ad25be5c172aa83
- Deposit or zone
- Jupiter
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 496000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 29000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 11000
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: Jupiter shows strong growth in contained gold, contributing to the overall resource, but its Inferred classification indicates early-stage confidence.
Positive factors
- Significant increase in contained metal from 11 koz to 29 koz, demonstrating strong growth.
- Adds to the project's resource base.
- Grade of 1.8 g/t Au is moderate for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“29”
Context: 496
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 29000 against 11000 previously
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 524000Grade: 1.6Grade Unit: g/tContained Metal: 27000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:df64b03c125248e4d2a2
- Deposit or zone
- Neptune
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 524000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 27000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The maiden MRE for Neptune is a positive, novel addition to the resource base, but its Inferred classification indicates early-stage confidence.
Positive factors
- Maiden MRE for Neptune, adding new ounces to the project's resource base.
- Grade of 1.6 g/t Au is moderate for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“27”
Context: 524
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 289000Grade: 2.9Grade Unit: g/tContained Metal: 27000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:6b3ad72dd4d536743919
- Deposit or zone
- Pluto
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 289000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 27000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The maiden MRE for Pluto is a positive, novel addition to the resource base with a strong grade, but its Inferred classification indicates early-stage confidence.
Positive factors
- Maiden MRE for Pluto, adding new ounces to the project's resource base.
- Grade of 2.9 g/t Au is strong for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“27”
Context: 289
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 412000Grade: 1.6Grade Unit: g/tContained Metal: 21000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:a50b437a7f90ad39659c
- Deposit or zone
- Astro - Quasar
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 412000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 21000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The maiden MRE for Astro-Quasar is a positive, novel addition to the resource base, but its Inferred classification indicates early-stage confidence.
Positive factors
- Maiden MRE for Astro-Quasar, adding new ounces to the project's resource base.
- Grade of 1.6 g/t Au is moderate for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
Evidence · table
“21”
Context: 412
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 29000Grade: 2.1Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:9e0d64cb96a1e9fa734f
- Deposit or zone
- Lunar
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 29000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Lunar resource is a small, Inferred addition to the resource base, contributing to overall potential but at an early stage of confidence.
Positive factors
- Adds to the project's resource base.
- Grade of 2.1 g/t Au is good for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
- Very small contained metal amount.
Evidence · table
“2”
Context: 29
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 46000Grade: 1.3Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:6cd86a4f5c69357680a0
- Deposit or zone
- Saturn
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 46000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Saturn resource is a small, Inferred addition to the resource base, contributing to overall potential but at an early stage of confidence.
Positive factors
- Adds to the project's resource base.
- Grade of 1.3 g/t Au is moderate for a combined resource.
Negative factors
- The resource is entirely in the Inferred category, which has lower confidence.
- Very small contained metal amount.
Evidence · table
“2”
Context: 46
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredMt Ida Gold Project · goldTonnes: 500000Grade: 0.5Grade Unit: g/tContained Metal: 8000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Ida Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BM1
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Todd Hibberd, Michael Andrew, Susan Havlin
- Resource group id
- resource:181003b36cf0b504c6cc
- Deposit or zone
- Tailings
Resource Data
- Category
- inferred
- Tonnes
- 500000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 8000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Lab
- Laboratory
- ALS, Nagrom, NAL, SGS
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-02-28T00:00:00.000Z
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The Tailings resource is historical and entirely Inferred with a very low grade, offering low novelty and confidence, though it contributes to the overall resource base.
Negative factors
- This is a historical estimate with no new information, indicating low novelty.
- The resource is entirely in the Inferred category, which has lower confidence.
- Very low grade of 0.5 g/t Au.
Evidence · table
“8”
Context: 500
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.