# BM8: 2026 Annual Report to shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145574

Publisher: asx

Original announcement: 2026-09-29T08:19:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-29T14:34:42.343Z

Atlas analysis updated: 2026-09-29T14:34:42.343Z

- Company: Battery Age Minerals Ltd

- Ticker: BM8

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Germanium

- Secondary commodities: Gallium, Gold, Silver, Zinc, Lead, Lithium, Rubidium, Caesium, Tantalum

- Document categories: Drill results, Capital raise, Other

- Extracted: 2026-09-29 14:34:43 UTC

Narrative sentiment: -0.20 · Bearish

## Minestarters Atlas summary

Battery Age Minerals Ltd released its Annual Report for FY26, highlighting successful maiden drilling campaigns at its Bleiberg \(Zn-Pb-Ge\) and El Aguila \(Au-Ag\) projects, confirming mineralized systems. The report also noted strategic advancements in germanium technology and expanded landholdings in Utah, alongside two capital raises totaling $8.5 million. Financially, the company reported a significant loss of $4.97 million and a material uncertainty regarding its going concern status, partly due to an impairment of its investment in Eminence Minerals Limited.

Reasoning: While the company reported successful maiden drilling campaigns and strategic progress in critical minerals, it also incurred a substantial financial loss, faces a material uncertainty regarding its going concern status, and experienced a significant impairment of a key investment. The projects are still early-stage with no defined resources.

- Positive factor: Successful maiden drilling campaigns at Bleiberg and El Aguila

- Positive factor: Confirmation of mineralized systems and geological models

- Positive factor: Strategic advancements in germanium technology and landholding expansion

- Positive factor: Significant capital raises

- Positive factor: Securing 100% ownership of Falcon Extension properties

- Negative factor: Significant financial loss for the year

- Negative factor: Material uncertainty related to going concern

- Negative factor: Dilution of interest and impairment of investment in Eminence Minerals

- Negative factor: Strategic hold on Falcon Lake Project due to lithium market conditions

- Negative factor: Absence of defined Mineral Resources or Ore Reserves

Facts used in scoring: 17

## Classification and evidence

**No Defined Resource**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The annual report explicitly states that the Group does not have any Mineral Resource estimates or Ore Reserves for its projects.

Evidence · text

> As at 30 June 2026, the Group does not have any Mineral Resource estimates. The Company's Projects do not have defined Mineral Resources or Ore Reserves.

**Going Concern Uncertainty**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The auditor's report and financial notes highlight a material uncertainty related to the Group's ability to continue as a going concern due to cash outflows and the need for additional funding.

Evidence · text

> Material uncertainty related to going concern

**Investment Impairment**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The Group recognized a significant non-cash charge of $2,602,556, including an impairment of $1,665,666, due to the dilution of its interest in Eminence Minerals Limited.

Evidence · text

> A total non-cash charge of $2,602,556 was recognised for the year, comprising an impairment of $1,665,666, a loss on loss of significant influence of $729,658 and a fair value movement of $207,232.

**Widespread Mineralization**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The maiden drilling program at El Aguila confirmed widespread shallow gold-silver mineralization.

Evidence · text

> Widespread shallow gold–silver mineralisation confirmed.

**Geological Model Validated**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The maiden diamond drilling campaign at Bleiberg confirmed a mineralized carbonate-hosted system and validated the geological model.

Evidence · text

> Mineralised carbonate-hosted system confirmed and geological model validated

**District Scale Potential**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Geological logging at El Aguila identified widespread hydrothermal alteration consistent with a large, well-preserved low-sulphidation epithermal gold-silver system with district-scale potential.

Evidence · text

> Geological logging identified widespread hydrothermal alteration consistent with a large, well-preserved low-sulphidation epithermal gold-silver system with district-scale potential.

**Critical Mineral Status**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Germanium, a key commodity for the Bleiberg project, is formally listed under the EU's Critical Raw Materials Act, highlighting its strategic importance.

Evidence · text

> Bleiberg remains the Group's flagship European critical minerals asset, with germanium formally listed under the EU's Critical Raw Materials Act.

**Technology Licensing**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company secured and converted an evaluation licence into an exclusive patent and know-how licence agreement for germanium-related inventions, advancing its technology platform.

Evidence · text

> NTUitive evaluation licence secured in the March 2026 quarter, covering six germanium-related inventions... Converted to an Exclusive Patent and Know-How Licence Agreement in the June quarter

**Research Collaboration**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company progressed a collaboration with the University of Sydney for evaluating electromagnetic-based processing methods for germanium extraction.

Evidence · text

> University of Sydney collaboration progressed through the year with the School of Chemical and Biomolecular Engineering, evaluating electromagnetic-based processing methods for germanium extraction at laboratory scale

**Strategic Partnership**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company was accepted as a member of the U.S. Defense Industrial Base Consortium, indicating strategic engagement in the defense supply chain for critical minerals.

Evidence · text

> Battery Age was accepted as a member of the U.S. Defense Industrial Base Consortium

**Landholding Expansion**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company expanded its landholding at the Apex Project by approximately 40% through staking additional claims.

Evidence · text

> Landholding expanded by ~40% through a further 51 claims in the March 2026 quarter

**Project Ownership Secured**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company secured 100% ownership of the Falcon Extension properties in Ontario.

Evidence · text

> 100% ownership of the Falcon Extension properties in Ontario secured

**Broadened Mineral Potential**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: A multi-element database review at Falcon Lake confirmed significant concentrations of additional critical minerals, broadening the project's potential.

Evidence · text

> Multi-element database review of Falcon Lake drill core and pulps confirmed that the spodumene bearing pegmatites are highly fractionated lithium–caesium–tantalum pegmatites consistently enriched in critical metals in addition to lithium, with rubidium up to 11,400 ppm, caesium up to 2,600 ppm, tantalum up to 2,300 ppm and gallium up to 95.6 ppm.

**Project on Hold**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The Falcon Lake Project remains on strategic hold pending an improvement in lithium market conditions.

Evidence · text

> The Project remains on strategic hold pending an improvement in lithium market conditions.

**Apparent Width Only**

Polarity: negative

Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The drill intercepts are reported as downhole lengths without true width or drill orientation information.

Evidence · text

> 6.5 m @ 1.77% Zn+Pb from 140 m

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The release states that core was logged, cut, and submitted to ALS Laboratories for analysis for Bleiberg, and samples were submitted to ALS Global for El Aguila.

Evidence · text

> All core was logged, cut and submitted to ALS Laboratories for analysis.

## Extracted facts

Stored fact records: 17. Some facts used in scoring do not have a stored record.

## Drill Results (17)

### 2025BBDH\_005

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-0)

Bleiberg West · zinc

#### Identity

- Hole ID: 2025BBDH\_005
- Project: Bleiberg West
- Commodity: zinc
- Region: austria
- Reported Region: austria
- Ticker: BM8

#### Geometry

- Grade: 1.77
- Grade Unit: %
- Intercept: 6.5 m
- From: 140 m
- To: 146.5 m
- Intercept Depth: 140 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 2025BBDH\_005:140-146.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The intercept confirms a mineralized carbonate-hosted system and validates the geological model, but the grade is reported as a combined Zn+Pb percentage without individual metal values.

- Positive factor: Confirmation of mineralized system

- Positive factor: Validation of geological model

- Negative factor: Combined grade \(Zn+Pb\) reported without individual metal breakdown

Evidence · text

> 6.5 m @ 1.77% Zn+Pb from 140 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 2025BBDH\_005

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-1)

Bleiberg West · lead

#### Identity

- Hole ID: 2025BBDH\_005
- Project: Bleiberg West
- Commodity: lead
- Region: austria
- Reported Region: austria
- Ticker: BM8

#### Geometry

- Grade: 1.77
- Grade Unit: %
- Intercept: 6.5 m
- From: 140 m
- To: 146.5 m
- Intercept Depth: 140 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 2025BBDH\_005:140-146.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The intercept confirms a mineralized carbonate-hosted system and validates the geological model, but the grade is reported as a combined Zn+Pb percentage without individual metal values.

- Positive factor: Confirmation of mineralized system

- Positive factor: Validation of geological model

- Negative factor: Combined grade \(Zn+Pb\) reported without individual metal breakdown

Evidence · text

> 6.5 m @ 1.77% Zn+Pb from 140 m

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 2025BBDH\_005

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-2)

Bleiberg West · zinc

#### Identity

- Hole ID: 2025BBDH\_005
- Project: Bleiberg West
- Commodity: zinc
- Region: austria
- Reported Region: austria
- Ticker: BM8

#### Geometry

- Grade: 3.96
- Grade Unit: %
- Intercept: 2.5 m
- From: 141 m
- To: 143.5 m
- Intercept Depth: 141 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 2025BBDH\_005:141-143.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval further confirms the presence of significant mineralization, but the grade is reported as a combined Zn+Pb percentage without individual metal values.

- Positive factor: Higher-grade sub-interval

- Positive factor: Confirmation of mineralized system

- Negative factor: Combined grade \(Zn+Pb\) reported without individual metal breakdown

Evidence · text

> 2.5 m @ 3.96% Zn+Pb \(2025BBDH\_005\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 2025BBDH\_005

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-3)

Bleiberg West · lead

#### Identity

- Hole ID: 2025BBDH\_005
- Project: Bleiberg West
- Commodity: lead
- Region: austria
- Reported Region: austria
- Ticker: BM8

#### Geometry

- Grade: 3.96
- Grade Unit: %
- Intercept: 2.5 m
- From: 141 m
- To: 143.5 m
- Intercept Depth: 141 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 2025BBDH\_005:141-143.5
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval further confirms the presence of significant mineralization, but the grade is reported as a combined Zn+Pb percentage without individual metal values.

- Positive factor: Higher-grade sub-interval

- Positive factor: Confirmation of mineralized system

- Negative factor: Combined grade \(Zn+Pb\) reported without individual metal breakdown

Evidence · text

> 2.5 m @ 3.96% Zn+Pb \(2025BBDH\_005\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 2025BBDH\_004

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-4)

Bleiberg West · zinc

#### Identity

- Hole ID: 2025BBDH\_004
- Project: Bleiberg West
- Commodity: zinc
- Region: austria
- Reported Region: austria
- Ticker: BM8

#### Geometry

- Grade: 0.58
- Grade Unit: %
- Intercept: 11 m
- From: 124 m
- To: 135 m
- Intercept Depth: 124 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 2025BBDH\_004:124-135
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept confirms sulphide mineralization but at a lower grade, and the grade is reported as a combined Zn+Pb percentage without individual metal values.

- Positive factor: Confirmation of mineralized system

- Negative factor: Lower grade

- Negative factor: Combined grade \(Zn+Pb\) reported without individual metal breakdown

Evidence · text

> 11.0 m at 0.58% Zn+Pb from 124 m in hole 2025BBDH\_004

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 2025BBDH\_004

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-5)

Bleiberg West · lead

#### Identity

- Hole ID: 2025BBDH\_004
- Project: Bleiberg West
- Commodity: lead
- Region: austria
- Reported Region: austria
- Ticker: BM8

#### Geometry

- Grade: 0.58
- Grade Unit: %
- Intercept: 11 m
- From: 124 m
- To: 135 m
- Intercept Depth: 124 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Group ID: 2025BBDH\_004:124-135
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept confirms sulphide mineralization but at a lower grade, and the grade is reported as a combined Zn+Pb percentage without individual metal values.

- Positive factor: Confirmation of mineralized system

- Negative factor: Lower grade

- Negative factor: Combined grade \(Zn+Pb\) reported without individual metal breakdown

Evidence · text

> 11.0 m at 0.58% Zn+Pb from 124 m in hole 2025BBDH\_004

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### 2025BBDH\_001

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-6)

Bleiberg West · germanium

#### Identity

- Hole ID: 2025BBDH\_001
- Project: Bleiberg West
- Commodity: germanium
- Region: austria
- Reported Region: austria
- Ticker: BM8

#### Geometry

- Grade: 9
- Grade Unit: ppm
- Intercept: 6 m

#### Classification

- Deposit Type: other
- Program: exploration
- Sample Type: drill
- Mining Method: underground

#### QA/QC

- Laboratory: ALS Laboratories

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The intercept returned germanium values, confirming the presence of the critical mineral, but at a low grade indicative of an anomaly rather than an economic intercept.

- Positive factor: Germanium values returned

- Positive factor: Confirmation of mineralized system

- Negative factor: Low grade

- Negative factor: Anomaly, not economic intercept

Evidence · text

> A six metre interval near the end of that hole returned germanium values of up to 9 ppm by fusion analysis.

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-17

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-7)

El Aguila · silver

#### Identity

- Hole ID: EARC25-17
- Project: El Aguila
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 17.52
- Grade Unit: g/t
- Intercept: 10 m
- From: 19 m
- To: 29 m
- Intercept Depth: 19 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-17:19-29
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept confirms widespread shallow silver mineralization within a low-sulphidation epithermal system.

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

Evidence · text

> 10 m @ 17.52 g/t Ag and 0.89 g/t Au from 19 m in EARC25-17

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-17

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-8)

El Aguila · gold

#### Identity

- Hole ID: EARC25-17
- Project: El Aguila
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 0.89
- Grade Unit: g/t
- Intercept: 10 m
- From: 19 m
- To: 29 m
- Intercept Depth: 19 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-17:19-29
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept confirms widespread shallow gold mineralization within a low-sulphidation epithermal system.

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

Evidence · text

> 10 m @ 17.52 g/t Ag and 0.89 g/t Au from 19 m in EARC25-17

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-17

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-9)

El Aguila · silver

#### Identity

- Hole ID: EARC25-17
- Project: El Aguila
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 44.6
- Grade Unit: g/t
- Intercept: 1 m
- From: 28 m
- To: 29 m
- Intercept Depth: 28 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-17:28-29
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval further confirms significant shallow silver mineralization.

- Positive factor: Higher-grade sub-interval

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

Evidence · text

> incl. 1 m @ 44.60 g/t Ag and 2.09 g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-17

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-10)

El Aguila · gold

#### Identity

- Hole ID: EARC25-17
- Project: El Aguila
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 2.09
- Grade Unit: g/t
- Intercept: 1 m
- From: 28 m
- To: 29 m
- Intercept Depth: 28 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-17:28-29
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval further confirms significant shallow gold mineralization.

- Positive factor: Higher-grade sub-interval

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

Evidence · text

> incl. 1 m @ 44.60 g/t Ag and 2.09 g/t Au

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-03

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-11)

El Aguila · silver

#### Identity

- Hole ID: EARC25-03
- Project: El Aguila
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 203
- Grade Unit: g/t
- Intercept: 1 m
- From: 83 m
- To: 84 m
- Intercept Depth: 83 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-03:83-84
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This high-grade silver intercept confirms significant mineralization, though over a narrow width.

- Positive factor: High-grade silver intercept

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

- Negative factor: Narrow intercept

Evidence · text

> 1 m @ 203 g/t Ag and 1.56 g/t Au from 83 m in EARC25-03

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-03

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-12)

El Aguila · gold

#### Identity

- Hole ID: EARC25-03
- Project: El Aguila
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 1.56
- Grade Unit: g/t
- Intercept: 1 m
- From: 83 m
- To: 84 m
- Intercept Depth: 83 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-03:83-84
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This gold intercept confirms mineralization, though over a narrow width.

- Positive factor: Gold intercept

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

- Negative factor: Narrow intercept

Evidence · text

> 1 m @ 203 g/t Ag and 1.56 g/t Au from 83 m in EARC25-03

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-13)

El Aguila · silver

#### Identity

- Hole ID: EARC25-04
- Project: El Aguila
- Commodity: silver
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 7.9
- Grade Unit: g/t
- Intercept: 1 m
- From: 59 m
- To: 60 m
- Intercept Depth: 59 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-04:59-60
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This silver intercept confirms mineralization, but at a lower grade and over a narrow width.

- Positive factor: Silver intercept

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

- Negative factor: Lower grade

- Negative factor: Narrow intercept

Evidence · text

> 1 m @ 7.90 g/t Ag and 9.92 g/t Au from 59 m in EARC25-04

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### EARC25-04

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-14)

El Aguila · gold

#### Identity

- Hole ID: EARC25-04
- Project: El Aguila
- Commodity: gold
- Region: argentina
- Reported Region: argentina
- Ticker: BM8

#### Geometry

- Grade: 9.92
- Grade Unit: g/t
- Intercept: 1 m
- From: 59 m
- To: 60 m
- Intercept Depth: 59 m

#### Classification

- Deposit Type: epithermal
- Program: exploration
- Sample Type: drill
- Group ID: EARC25-04:59-60
- Mining Method: open\_pit

#### QA/QC

- Laboratory: ALS Global

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This high-grade gold intercept confirms significant mineralization, though over a narrow width.

- Positive factor: High-grade gold intercept

- Positive factor: Widespread shallow gold-silver mineralisation confirmed

- Negative factor: Narrow intercept

Evidence · text

> 1 m @ 7.90 g/t Ag and 9.92 g/t Au from 59 m in EARC25-04

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 16

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-15)

#### Identity

- Ticker: BM8

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The company successfully raised $3 million through a placement, providing funding for its operations.

- Positive factor: Successful capital raise

- Positive factor: Funding for exploration activities

Evidence · text

> $3,000,000 at $0.05 per share \(July 2025\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

### Fact 17

[Link to this fact](https://atlas-staging.minestarters.com/news/bm8-2026-annual-report-to-shareholders--e23609dc-635b-4cea-954a-ba217617589d#fact-drill-facts-16)

#### Identity

- Ticker: BM8

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The company successfully raised $5.5 million through a placement, providing additional funding for its operations.

- Positive factor: Successful capital raise

- Positive factor: Funding for exploration activities

Evidence · text

> $5,500,000 at $0.14 per share \(November/December 2025\)

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.