BM1: Placement to continue growth drilling & early works capital

Original announcement by asx on

Company
Ballard Mining Limited
Ticker
BM1
Exchange
ASX
Region
Unavailable
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Capital raise, Resource update
Extracted
2026-10-11 23:22:03 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Ballard Mining Limited successfully completed a A$45.0 million placement to institutional and sophisticated investors at A$0.66 per share, with a further A$5.0 million share purchase plan offered to eligible shareholders. The proceeds will fund an aggressive exploration and infill drilling program at the Mt Ida Gold Project, along with early works capital for a 250-person accommodation village and finalisation of development studies. The company aims to continue growing its 1.84Moz gold resource and advance the project towards a final investment decision.

Reasoning: Ballard Mining successfully completed a A$45.0M placement and announced a A$5.0M SPP, securing significant funding for ongoing exploration, resource growth, and pre-FID development activities at its Mt Ida Gold Project, despite the placement being at a discount to recent trading prices. The resource estimate details are historical, having been released previously.

Positive factors

  • Successful capital raise of A$45.0M with strong institutional support
  • Funding secured for aggressive exploration and infill drilling at Mt Ida Gold Project
  • Capital allocated for early works and development studies towards FID

Negative factors

  • Placement shares issued at a discount to the 10-day VWAP
  • Resource estimate is a re-release of previously announced data

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 46

Classification and evidence

JORC Compliantpositive

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

Why it applies: The Mineral Resource estimates reported in this announcement have been previously prepared and disclosed by Ballard in accordance with the JORC Code.

Evidence · text

“The Mineral Resource estimates reported in this announcement have been previously prepared and disclosed by Ballard in accordance with the JORC Code”

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: Mr Todd Hibberd, a Competent Person who is a Member of the Australasian Institute of mining and Metallurgy (AusIMM), is responsible for the exploration results.

Evidence · text

“Mr Todd Hibberd, a Competent Person who is a Member of the Australasian Institute of mining and Metallurgy (AusIMM).”

Stale Data Re-releasenegative · Story-specific tag

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

Why it applies: The Mineral Resource estimates reported in this announcement have been previously prepared and disclosed by Ballard in its ASX announcement dated 23 September 2026.

Evidence · text

“The Mineral Resource estimates reported in this announcement have been previously prepared and disclosed by Ballard in accordance with the JORC Code in its ASX announcement titled "Mt Ida Gold Resource increases 56% to 1.84 Moz" dated 23 September 2026.”

Extracted facts

Stored fact records: 37. Some facts used in scoring do not have a stored record.

Resource Estimates (37)

indicatedMt Ida Gold Project · goldTonnes: 3530000Grade: 3.9Grade Unit: g/tContained Metal: 437Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:b7d281086c0bdf46ddf2
Deposit or zone
Baldock

Resource Data

Category
indicated
Tonnes
3530000
Grade
3.9
Grade Unit
g/t
Contained Metal
437
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported indicated resource for the Baldock deposit within the open pit, showing good grade, but is not new information.

Positive factors

  • High-grade indicated resource

Negative factors

  • Stale data re-release

Evidence · table

“3.9”

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

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: 79Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:de5dd9ce794c0e5d64e0
Deposit or zone
Baldock

Resource Data

Category
inferred
Tonnes
1010000
Grade
2.5
Grade Unit
g/t
Contained Metal
79
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Baldock deposit within the open pit, which is a lower confidence category and not new information.

Negative factors

  • Inferred resource category
  • Stale data re-release

Evidence · table

“2.5”

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

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: 48Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:2f7b91d740831733caa0
Deposit or zone
Kestrel

Resource Data

Category
inferred
Tonnes
940000
Grade
1.6
Grade Unit
g/t
Contained Metal
48
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Kestrel deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.6”

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

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: 124Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:c195470c5ac0e5cfa157
Deposit or zone
Golden Vale

Resource Data

Category
inferred
Tonnes
2363000
Grade
1.6
Grade Unit
g/t
Contained Metal
124
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Golden Vale deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.6”

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

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: 30Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:e855582d7ddbacd5de9d
Deposit or zone
Bombay

Resource Data

Category
inferred
Tonnes
711000
Grade
1.3
Grade Unit
g/t
Contained Metal
30
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Bombay deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.3”

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

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: 138Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:0e5836169c326e673aaa
Deposit or zone
West Knell

Resource Data

Category
inferred
Tonnes
1638000
Grade
2.6
Grade Unit
g/t
Contained Metal
138
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the West Knell deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Stale data re-release

Evidence · table

“2.6”

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

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: 29Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:0cd2b0bd52ab5f854a01
Deposit or zone
Jupiter

Resource Data

Category
inferred
Tonnes
496000
Grade
1.8
Grade Unit
g/t
Contained Metal
29
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Jupiter deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.8”

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

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: 25Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:bd127d0cbb1ea18648c2
Deposit or zone
Neptune

Resource Data

Category
inferred
Tonnes
501000
Grade
1.5
Grade Unit
g/t
Contained Metal
25
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Neptune deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.5”

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

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: 27Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:7043cd3271bb1159be82
Deposit or zone
Pluto

Resource Data

Category
inferred
Tonnes
289000
Grade
2.9
Grade Unit
g/t
Contained Metal
27
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Pluto deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Stale data re-release

Evidence · table

“2.9”

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

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: 21Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:f3d2b0bd104b62c0183f
Deposit or zone
Astro - Quasar

Resource Data

Category
inferred
Tonnes
412000
Grade
1.6
Grade Unit
g/t
Contained Metal
21
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Astro - Quasar deposit within the open pit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.6”

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

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: 2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:432af2522a2f3a918d38
Deposit or zone
Lunar

Resource Data

Category
inferred
Tonnes
29000
Grade
2.1
Grade Unit
g/t
Contained Metal
2
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Lunar deposit within the open pit, which is a lower confidence category and not new information, with very small tonnage.

Negative factors

  • Inferred resource category
  • Very small tonnage
  • Stale data re-release

Evidence · table

“2.1”

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

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: 2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:fedd9a552c860c5a57d1
Deposit or zone
Saturn

Resource Data

Category
inferred
Tonnes
46000
Grade
1.3
Grade Unit
g/t
Contained Metal
2
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Saturn deposit within the open pit, which is a lower confidence category and not new information, with very small tonnage.

Negative factors

  • Inferred resource category
  • Very small tonnage
  • Stale data re-release

Evidence · table

“1.3”

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

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: 8Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:75e51173eb36d1c007d5
Deposit or zone
Tailings

Resource Data

Category
inferred
Tonnes
500000
Grade
0.5
Grade Unit
g/t
Contained Metal
8
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for Tailings within the open pit, which is a lower confidence category and not new information, with a very low grade.

Negative factors

  • Inferred resource category
  • Very low grade
  • Stale data re-release

Evidence · table

“0.5”

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

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: 970Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:baf23e1681f8fa7ab7e7
Deposit or zone
Open cut Subtotal

Resource Data

Category
inferred
Tonnes
12465000
Grade
2.4
Grade Unit
g/t
Contained Metal
970
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported subtotal of inferred resources for the open pit, which is a lower confidence category and not new information.

Negative factors

  • Subtotal of inferred resources
  • Stale data re-release

Evidence · table

“2.4”

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

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: 210Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:8f623d0c64f524409903
Deposit or zone
Baldock

Resource Data

Category
indicated
Tonnes
1608000
Grade
4.1
Grade Unit
g/t
Contained Metal
210
Contained Unit
koz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported high-grade indicated resource for the Baldock deposit within the underground mining method, but is not new information.

Positive factors

  • High-grade indicated resource for underground mining

Negative factors

  • Stale data re-release

Evidence · table

“4.1”

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

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: 637Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:6746d189c865ea279734
Deposit or zone
Baldock

Resource Data

Category
inferred
Tonnes
6050000
Grade
3.3
Grade Unit
g/t
Contained Metal
637
Contained Unit
koz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Baldock deposit within the underground mining method, which is a lower confidence category and not new information.

Negative factors

  • Inferred resource category
  • Stale data re-release

Evidence · table

“3.3”

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

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: 5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:a1b345661da266c3b8e9
Deposit or zone
Kestrel

Resource Data

Category
inferred
Tonnes
80000
Grade
1.9
Grade Unit
g/t
Contained Metal
5
Contained Unit
koz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Kestrel deposit within the underground mining method, which is a lower confidence category and not new information, with very small tonnage.

Negative factors

  • Inferred resource category
  • Very small tonnage
  • Stale data re-release

Evidence · table

“1.9”

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

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: 3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:15d82853700e70ab9464
Deposit or zone
Bombay

Resource Data

Category
inferred
Tonnes
30000
Grade
3.1
Grade Unit
g/t
Contained Metal
3
Contained Unit
koz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Bombay deposit within the underground mining method, which is a lower confidence category and not new information, with very small tonnage.

Negative factors

  • Inferred resource category
  • Very small tonnage
  • Stale data re-release

Evidence · table

“3.1”

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

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: 9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:4926400e8bd1ff498930
Deposit or zone
West Knell

Resource Data

Category
inferred
Tonnes
121000
Grade
2.3
Grade Unit
g/t
Contained Metal
9
Contained Unit
koz
Cutoff Grade
1.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the West Knell deposit within the underground mining method, which is a lower confidence category and not new information, with small tonnage.

Negative factors

  • Inferred resource category
  • Small tonnage
  • Stale data re-release

Evidence · table

“2.3”

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

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: 2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:e8356ab089a6cb5e40b4
Deposit or zone
Neptune

Resource Data

Category
inferred
Tonnes
23000
Grade
2.9
Grade Unit
g/t
Contained Metal
2
Contained Unit
koz
Cutoff Grade
1.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Neptune deposit within the underground mining method, which is a lower confidence category and not new information, with very small tonnage.

Negative factors

  • Inferred resource category
  • Very small tonnage
  • Stale data re-release

Evidence · table

“2.9”

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

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: 866Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:9e1935d34ddcc9077c35
Deposit or zone
Underground Subtotal

Resource Data

Category
inferred
Tonnes
7912000
Grade
3.4
Grade Unit
g/t
Contained Metal
866
Contained Unit
koz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported subtotal of inferred resources for the underground mining method, which is a lower confidence category and not new information.

Negative factors

  • Subtotal of inferred resources
  • Stale data re-release

Evidence · table

“3.4”

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

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: 647Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:b77f0c5303a1734dc3db
Deposit or zone
Baldock

Resource Data

Category
indicated
Tonnes
5138000
Grade
3.9
Grade Unit
g/t
Contained Metal
647
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported indicated resource for the Baldock deposit, showing good grade, but is not new information.

Positive factors

  • High-grade indicated resource

Negative factors

  • Stale data re-release

Evidence · table

“3.9”

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

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: 716Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:3ddfa8eae9494ec786d5
Deposit or zone
Baldock

Resource Data

Category
inferred
Tonnes
7060000
Grade
3.2
Grade Unit
g/t
Contained Metal
716
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Baldock deposit, which is a lower confidence category and not new information.

Negative factors

  • Inferred resource category
  • Stale data re-release

Evidence · table

“3.2”

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

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: 53Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:eb9dce0b1d402ed608df
Deposit or zone
Kestrel

Resource Data

Category
inferred
Tonnes
1020000
Grade
1.6
Grade Unit
g/t
Contained Metal
53
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Kestrel deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.6”

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

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: 124Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:c195470c5ac0e5cfa157
Deposit or zone
Golden Vale

Resource Data

Category
inferred
Tonnes
2363000
Grade
1.6
Grade Unit
g/t
Contained Metal
124
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Golden Vale deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.6”

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

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: 33Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:766572ff995538985ab8
Deposit or zone
Bombay

Resource Data

Category
inferred
Tonnes
740000
Grade
1.4
Grade Unit
g/t
Contained Metal
33
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Bombay deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.4”

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

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: 147Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:d5e4a454c2e199562eaa
Deposit or zone
West Knell

Resource Data

Category
inferred
Tonnes
1759000
Grade
2.6
Grade Unit
g/t
Contained Metal
147
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the West Knell deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Stale data re-release

Evidence · table

“2.6”

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

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: 29Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:0cd2b0bd52ab5f854a01
Deposit or zone
Jupiter

Resource Data

Category
inferred
Tonnes
496000
Grade
1.8
Grade Unit
g/t
Contained Metal
29
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Jupiter deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.8”

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

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: 27Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:26b65a28301dec3e293a
Deposit or zone
Neptune

Resource Data

Category
inferred
Tonnes
524000
Grade
1.6
Grade Unit
g/t
Contained Metal
27
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Neptune deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.6”

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

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: 27Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:7043cd3271bb1159be82
Deposit or zone
Pluto

Resource Data

Category
inferred
Tonnes
289000
Grade
2.9
Grade Unit
g/t
Contained Metal
27
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Pluto deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Stale data re-release

Evidence · table

“2.9”

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

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: 21Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:f3d2b0bd104b62c0183f
Deposit or zone
Astro - Quasar

Resource Data

Category
inferred
Tonnes
412000
Grade
1.6
Grade Unit
g/t
Contained Metal
21
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Astro - Quasar deposit, which is a lower confidence category and not new information, with a moderate grade.

Negative factors

  • Inferred resource category
  • Lower grade compared to Baldock
  • Stale data re-release

Evidence · table

“1.6”

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

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: 2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:432af2522a2f3a918d38
Deposit or zone
Lunar

Resource Data

Category
inferred
Tonnes
29000
Grade
2.1
Grade Unit
g/t
Contained Metal
2
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Lunar deposit, which is a lower confidence category and not new information, with very small tonnage.

Negative factors

  • Inferred resource category
  • Very small tonnage
  • Stale data re-release

Evidence · table

“2.1”

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

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: 2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:fedd9a552c860c5a57d1
Deposit or zone
Saturn

Resource Data

Category
inferred
Tonnes
46000
Grade
1.3
Grade Unit
g/t
Contained Metal
2
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for the Saturn deposit, which is a lower confidence category and not new information, with very small tonnage.

Negative factors

  • Inferred resource category
  • Very small tonnage
  • Stale data re-release

Evidence · table

“1.3”

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

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: 8Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:75e51173eb36d1c007d5
Deposit or zone
Tailings

Resource Data

Category
inferred
Tonnes
500000
Grade
0.5
Grade Unit
g/t
Contained Metal
8
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported inferred resource for Tailings, which is a lower confidence category and not new information, with a very low grade.

Negative factors

  • Inferred resource category
  • Very low grade
  • Stale data re-release

Evidence · table

“0.5”

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

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: 647Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:78f6adaf1543845812a8
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
5138000
Grade
3.9
Grade Unit
g/t
Contained Metal
647
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported total indicated resource for the Mt Ida Gold Project, representing a significant portion of the overall resource, but is not new information.

Positive factors

  • Significant indicated resource

Negative factors

  • Stale data re-release

Evidence · table

“3.9”

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

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: 1189Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:5858b6067939e3a9a651
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
15238000
Grade
2.4
Grade Unit
g/t
Contained Metal
1189
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported total inferred resource for the Mt Ida Gold Project, which is a lower confidence category and not new information.

Negative factors

  • Large portion of resource in inferred category
  • Stale data re-release

Evidence · table

“2.4”

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

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: 1836Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Ida Gold Project
Commodity
gold
Ticker
BM1

Resource scope

Estimate type
resource
Effective date
2026-09-23T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Todd Hibberd
Resource group id
resource:d71d19a02a06c186a21f
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
20376000
Grade
2.8
Grade Unit
g/t
Contained Metal
1836
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-09-23

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-09-23T00:00:00.000Z

Dates

Event date
2026-10-11T00:00:00.000Z

Reasoning: This is a previously reported total resource for the Mt Ida Gold Project, indicating a significant overall gold inventory, but is not new information.

Positive factors

  • Significant total resource size

Negative factors

  • Large portion of resource in inferred category
  • Stale data re-release

Evidence · table

“2.8”

Context: 20,376

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

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.