# BM1: Placement to continue growth drilling & early works capital Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03151026 Publisher: asx Original announcement: 2026-10-11T22:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-11T23:22:02.732Z Atlas analysis updated: 2026-10-11T23:22:02.732Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Successful capital raise of A$45.0M with strong institutional support - Positive factor: Funding secured for aggressive exploration and infill drilling at Mt Ida Gold Project - Positive factor: Capital allocated for early works and development studies towards FID - Negative factor: Placement shares issued at a discount to the 10-day VWAP - Negative factor: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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-release** Polarity: negative Story-specific tag Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-9) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: High-grade indicated resource - Negative factor: Stale data re-release Evidence · table > 3.9 Context: 3,530 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-10) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Stale data re-release Evidence · table > 2.5 Context: 1,010 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-11) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.6 Context: 940 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-12) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.6 Context: 2,363 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-13) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.3 Context: 711 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-14) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Stale data re-release Evidence · table > 2.6 Context: 1,638 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-15) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.8 Context: 496 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-16) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.5 Context: 501 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-17) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Stale data re-release Evidence · table > 2.9 Context: 289 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-18) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.6 Context: 412 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-19) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very small tonnage - Negative factor: Stale data re-release Evidence · table > 2.1 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-20) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very small tonnage - Negative factor: Stale data re-release Evidence · table > 1.3 Context: 46 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-21) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very low grade - Negative factor: Stale data re-release Evidence · table > 0.5 Context: 500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-22) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Subtotal of inferred resources - Negative factor: Stale data re-release Evidence · table > 2.4 Context: 12,465 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-23) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: High-grade indicated resource for underground mining - Negative factor: Stale data re-release Evidence · table > 4.1 Context: 1,608 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-24) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Stale data re-release Evidence · table > 3.3 Context: 6,050 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-25) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very small tonnage - Negative factor: Stale data re-release Evidence · table > 1.9 Context: 80 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-26) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very small tonnage - Negative factor: Stale data re-release Evidence · table > 3.1 Context: 30 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-27) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Small tonnage - Negative factor: Stale data re-release Evidence · table > 2.3 Context: 121 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-28) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very small tonnage - Negative factor: Stale data re-release Evidence · table > 2.9 Context: 23 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-29) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Subtotal of inferred resources - Negative factor: Stale data re-release Evidence · table > 3.4 Context: 7,912 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-30) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: High-grade indicated resource - Negative factor: Stale data re-release Evidence · table > 3.9 Context: 5,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-31) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Stale data re-release Evidence · table > 3.2 Context: 7,060 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-32) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.6 Context: 1,020 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-33) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.6 Context: 2,363 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-34) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.4 Context: 740 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-35) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Stale data re-release Evidence · table > 2.6 Context: 1,759 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-36) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.8 Context: 496 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-37) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.6 Context: 524 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-38) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Stale data re-release Evidence · table > 2.9 Context: 289 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-39) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Lower grade compared to Baldock - Negative factor: Stale data re-release Evidence · table > 1.6 Context: 412 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-40) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very small tonnage - Negative factor: Stale data re-release Evidence · table > 2.1 Context: 29 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-41) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very small tonnage - Negative factor: Stale data re-release Evidence · table > 1.3 Context: 46 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-42) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category - Negative factor: Very low grade - Negative factor: Stale data re-release Evidence · table > 0.5 Context: 500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-43) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Significant indicated resource - Negative factor: Stale data re-release Evidence · table > 3.9 Context: 5,138 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-44) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Large portion of resource in inferred category - Negative factor: Stale data re-release Evidence · table > 2.4 Context: 15,238 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/bm1-placement-to-continue-growth-drilling-early-works-capital--d080cba3-d9a7-4cc7-af61-c3698a80a574#fact-resource-facts-45) Mt Ida Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Significant total resource size - Negative factor: Large portion of resource in inferred category - Negative factor: Stale data re-release Evidence · table > 2.8 Context: 20,376 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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.