CCM: Annual Report to shareholders

Original announcement by asx on

Company
Cadoux Limited
Ticker
CCM
Exchange
ASX
Region
Unavailable
Primary commodity
Alumina
Secondary commodities
Rare earths, Zircon, Titanium
Document categories
Resource update, Agreement transaction, Drill results
Extracted
2026-09-30 08:22:51 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Cadoux Limited's 2026 Annual Report highlights progress on its flagship High Purity Alumina (HPA) project, including Front-End Engineering and Design (FEED) and product qualification with the SAFELOOP consortium. The company also expanded its critical minerals strategy through a 50% ownership in Minhub Operations and a new joint venture for the Wimmera Mineral Sands Project, aiming for an integrated pathway from exploration to downstream processing. However, the report notes a significant impairment expense of $1.85 million and reiterates that its HPA resource and reserve estimates remain unchanged from 2018-2020, with the auditor raising a material uncertainty regarding going concern.

Reasoning: The annual report details progress on the flagship HPA project and new strategic initiatives in rare earths and mineral sands, but these positives are offset by a substantial impairment expense, the lack of updated resource/reserve estimates, and an auditor's warning about going concern.

Positive factors

  • Advancement of HPA project towards commercial readiness
  • SAFELOOP qualification for premiumHPA®
  • Strategic joint venture for Wimmera Mineral Sands Project
  • Minhub project progressing feasibility work
  • Industry Attraction Fund Grant received
  • R&D tax incentive received

Negative factors

  • Significant impairment expense of $1,858,217
  • Resource and Reserve estimates are unchanged from 2018-2020
  • Material uncertainty related to going concern
  • Drill results for Danube are historical (2022/2023 drilling, re-released June 2026)

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

Facts used in scoring: 47

Classification and evidence

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Ore Reserve estimates are explicitly stated as unchanged from the 29 October 2018 announcement, despite the effective date being 30 June 2026.

Evidence · text

“The information is extracted from the Ore Reserve announcement released 29 October 2018... The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.”

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: The Ore Reserve table provides tonnage and grades but does not include contained metal figures.

Evidence · table

“Ore kt”

Context: Category

Cut-off Undisclosednegative

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

Why it applies: The Ore Reserve table and accompanying text do not disclose the cut-off grade used for the estimate.

Evidence · text

“Ore Reserve as at 30 June 2026”

JORC Compliantpositive

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

Why it applies: The Ore Reserve is reported in accordance with the JORC Code (2012).

Evidence · text

“Ore Reserve as reported in accordance with the JORC Code (2012)”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Mr. Steve Craig, a Fellow of the Australasian Institute of Mining and Metallurgy, is named as the Competent Person for the Ore Reserves.

Evidence · text

“The information in this report that relates to Ore Reserves is based on information compiled by Mr. Steve Craig, who is a Fellow of the Australasian Institute of Mining and Metallurgy.”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Mineral Resource estimates are explicitly stated as unchanged from the 25 September 2018 announcement, despite the effective date being 30 June 2026.

Evidence · text

“The information is extracted from the PFS announcement dated 25 September 2018... The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcements and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed.”

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: The Mineral Resource table provides tonnage and grades but does not include contained metal figures.

Evidence · table

“Metric Tonnes (Dry)”

Context: Resource Category

Cut-off Undisclosednegative

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

Why it applies: The Mineral Resource table and accompanying text do not disclose the cut-off grade used for the estimate.

Evidence · text

“Mineral Resource Estimate (MRE) totalling 11.3 Mt @ 22.5% Al2O3 as at 30 June 2026”

JORC Compliantpositive

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

Why it applies: The Mineral Resource is reported in accordance with the JORC Code (2012).

Evidence · text

“Mineral Resource Estimate (MRE) ... as reported in accordance with the JORC Code (2012)”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Mr Grant Louw and Dr Andrew Scogings, both Members of the Australasian Institute of Mining and Metallurgy and/or the Australian Institute of Geoscientists, are named as Competent Persons for the Mineral Resources.

Evidence · text

“The information in this report that relates to Mineral Resources is based on information compiled by Mr Grant Louw, under the direction and supervision of Dr Andrew Scogings, who are both full-time employees of CSA Global.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The reported zircon grades of 2.02%, 1.82%, 1.88%, 1.38%, and 1.35% are significantly higher than the RAG comparable average grade of 0.647% for the Danube Rare Earth–Zircon project.

Evidence · text

“DB0011 – 7m @ 2.02% in-situ zircon”

QA/QC Disclosedpositive

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

Why it applies: The release mentions that drilling was assayed using 'Minhub’s proprietary in-situ analytical methodology'.

Evidence · text

“assayed in late 2025 using Minhub’s proprietary in-situ analytical methodology.”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Steve Rose, a Fellow of the Australasian Institute of Mining and Metallurgy, is named as the Competent Person for the Exploration Results.

Evidence · text

“The information in this announcement that relates to Exploration Targets and Exploration Results is based on information compiled by Steve Rose, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy.”

Stale Data Re-releasenegative

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

Why it applies: The drill results are from drilling carried out in 2022 and 2023, assayed in late 2025, and re-released in June 2026, indicating they are not new assays.

Evidence · text

“Drilling was previously carried out in 2022 and 2023 (84 aircore holes for 2,088 metres) and subsequently assayed in late 2025... The information in this announcement is extracted from the announcement dated 9 June 2026”

Apparent Width Onlynegative

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 given as downhole lengths (e.g., '7m') with no true width or drill orientation information provided.

Evidence · text

“DB0011 – 7m @ 2.02% in-situ zircon”

Strategic Acquisitionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The joint venture for the Wimmera Mineral Sands Project is described as an 'important strategic milestone' providing 'high-quality mineral sands feedstock' to support the Minhub Project.

Evidence · text

“The transaction represents an important strategic milestone, providing the potential for high-quality mineral sands feedstock to support the downstream operations of the Minhub Project.”

Integrated Value Chainpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The WMS–Minhub strategy provides Cadoux with an 'integrated pathway from mineral sands exploration and resource development through to downstream processing'.

Evidence · text

“The WMS–Minhub strategy provides Cadoux with an integrated pathway from mineral sands exploration and resource development through to downstream processing”

Strategic Assetpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Cadoux's 50%-ownership in Minhub Operations Pty Ltd is part of its strategy to build its position in Australian rare earths and critical minerals processing.

Evidence · text

“Cadoux continued to build its position in Australian rare earths and critical minerals processing through its 50%-ownership in Minhub Operations Pty Ltd”

Significant Impairmentnegative · Story-specific tag

No canonical definition is currently available.

Why it applies: The company recognized an impairment expense of $1,085,217 for escrowed funds and $773,000 for a loan to an associate, totaling $1,858,217.

Evidence · text

“recognise an impairment expense of $1,085,217.”

Government Grantpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Cadoux was awarded a $3.0 million grant by the WA Government’s Industry Attraction Fund, with $600,000 received in March 2026.

Evidence · text

“Cadoux was awarded a $3.0 million grant by the WA Government’s Industry Attraction Fund”

Tax Incentivepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Cadoux received an R&D tax incentive rebate payment of $1,142,749 for the 2024-25 financial year.

Evidence · text

“Cadoux received an R&D tax incentive rebate payment of $1,142,749 for the 2024-25 financial year.”

Extracted facts

Stored fact records: 39. Some facts used in scoring do not have a stored record.

Drill Results (15)

DB0011Wimmera Mineral Sands · zirconGrade: 2.02Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0011
Project
Wimmera Mineral Sands
Commodity
zircon
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
2.02
Grade Unit
%
Intercept
7 m
From
10 m
To
17 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0011:10-17

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for zircon, significantly exceeding the prospect's average grade, but these are re-released historical results with only apparent width stated.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“DB0011 – 7m @ 2.02% in-situ zircon”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0011Wimmera Mineral Sands · rare_earthsGrade: 1884Grade Unit: ppmIntercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0011
Project
Wimmera Mineral Sands
Commodity
rare_earths
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1884
Grade Unit
ppm
Intercept
7 m
From
10 m
To
17 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0011:10-17

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for TREO, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“1884ppm TREO*”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0011Wimmera Mineral Sands · titaniumGrade: 3.56Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0011
Project
Wimmera Mineral Sands
Commodity
titanium
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
3.56
Grade Unit
%
Intercept
7 m
From
10 m
To
17 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0011:10-17

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical drill intercept for TiO2, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“3.56% TiO2 from 10m”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0012Wimmera Mineral Sands · zirconGrade: 1.82Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0012
Project
Wimmera Mineral Sands
Commodity
zircon
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1.82
Grade Unit
%
Intercept
7 m
From
9 m
To
16 m
Intercept Depth
9 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0012:9-16

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for zircon, significantly exceeding the prospect's average grade, but these are re-released historical results with only apparent width stated.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“DB0012 – 7m @ 1.82% in-situ zircon”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0012Wimmera Mineral Sands · rare_earthsGrade: 1885Grade Unit: ppmIntercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0012
Project
Wimmera Mineral Sands
Commodity
rare_earths
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1885
Grade Unit
ppm
Intercept
7 m
From
9 m
To
16 m
Intercept Depth
9 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0012:9-16

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for TREO, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“1885ppm TREO*”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0012Wimmera Mineral Sands · titaniumGrade: 3.33Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0012
Project
Wimmera Mineral Sands
Commodity
titanium
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
3.33
Grade Unit
%
Intercept
7 m
From
9 m
To
16 m
Intercept Depth
9 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0012:9-16

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical drill intercept for TiO2, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“3.33% TiO2 from 9m”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0013Wimmera Mineral Sands · zirconGrade: 1.88Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0013
Project
Wimmera Mineral Sands
Commodity
zircon
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1.88
Grade Unit
%
Intercept
6 m
From
10 m
To
16 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0013:10-16

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for zircon, significantly exceeding the prospect's average grade, but these are re-released historical results with only apparent width stated.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“DB0013 – 6m @ 1.88% in-situ zircon”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0013Wimmera Mineral Sands · rare_earthsGrade: 1725Grade Unit: ppmIntercept: 6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0013
Project
Wimmera Mineral Sands
Commodity
rare_earths
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1725
Grade Unit
ppm
Intercept
6 m
From
10 m
To
16 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0013:10-16

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for TREO, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“1725ppm TREO*”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0013Wimmera Mineral Sands · titaniumGrade: 3.81Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0013
Project
Wimmera Mineral Sands
Commodity
titanium
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
3.81
Grade Unit
%
Intercept
6 m
From
10 m
To
16 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0013:10-16

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical drill intercept for TiO2, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“3.81% TiO2 from 10m”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0015Wimmera Mineral Sands · zirconGrade: 1.38Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0015
Project
Wimmera Mineral Sands
Commodity
zircon
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1.38
Grade Unit
%
Intercept
7 m
From
10 m
To
17 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0015:10-17

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for zircon, significantly exceeding the prospect's average grade, but these are re-released historical results with only apparent width stated.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“DB0015 – 7m @ 1.38% in-situ zircon”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0015Wimmera Mineral Sands · rare_earthsGrade: 1249Grade Unit: ppmIntercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0015
Project
Wimmera Mineral Sands
Commodity
rare_earths
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1249
Grade Unit
ppm
Intercept
7 m
From
10 m
To
17 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0015:10-17

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical drill intercept for TREO, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“1249ppm TREO*”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0015Wimmera Mineral Sands · titaniumGrade: 3.06Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0015
Project
Wimmera Mineral Sands
Commodity
titanium
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
3.06
Grade Unit
%
Intercept
7 m
From
10 m
To
17 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0015:10-17

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical drill intercept for TiO2, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“3.06% TiO2 from 10m”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0050Wimmera Mineral Sands · zirconGrade: 1.35Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0050
Project
Wimmera Mineral Sands
Commodity
zircon
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1.35
Grade Unit
%
Intercept
7 m
From
11 m
To
18 m
Intercept Depth
11 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0050:11-18

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: High-grade historical drill intercept for zircon, significantly exceeding the prospect's average grade, but these are re-released historical results with only apparent width stated.

Positive factors

  • Bonanza Intercept
  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“DB0050 – 7m @ 1.35% in-situ zircon”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0050Wimmera Mineral Sands · rare_earthsGrade: 1165Grade Unit: ppmIntercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0050
Project
Wimmera Mineral Sands
Commodity
rare_earths
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
1165
Grade Unit
ppm
Intercept
7 m
From
11 m
To
18 m
Intercept Depth
11 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0050:11-18

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical drill intercept for TREO, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“1165ppm TREO*”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

DB0050Wimmera Mineral Sands · titaniumGrade: 3.13Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DB0050
Project
Wimmera Mineral Sands
Commodity
titanium
Region
australia_vic
Reported Region
australia_vic
Ticker
CCM

Geometry

Grade
3.13
Grade Unit
%
Intercept
7 m
From
11 m
To
18 m
Intercept Depth
11 m

Classification

Program
exploration
Sample Type
drill
Group ID
DB0050:11-18

Location

Location
Danube Prospect
Loc. Confidence
low
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-06-09T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: Historical drill intercept for TiO2, but these are re-released historical results with only apparent width stated.

Positive factors

  • QA/QC Disclosed
  • QP/CP Signed

Negative factors

  • Stale Data Re-release
  • Apparent Width Only

Evidence · text

“3.13% TiO2 from 11m”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Resource Estimates (24)

provenHPA project · aluminaTonnes: 290000Grade: 24.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
alumina
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:adb95025308affec22ad

Resource Data

Category
proven
Tonnes
290000
Grade
24.9
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Proved Ore Reserve for alumina is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“24.9%”

Context: 290

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenHPA project · iron_oreTonnes: 290000Grade: 1.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:adb95025308affec22ad

Resource Data

Category
proven
Tonnes
290000
Grade
1.1
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Proved Ore Reserve for iron is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.1%”

Context: 290

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenHPA project · potassiumTonnes: 290000Grade: 0.5Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
potassium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:adb95025308affec22ad

Resource Data

Category
proven
Tonnes
290000
Grade
0.5
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Proved Ore Reserve for potassium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.5%”

Context: 290

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenHPA project · titaniumTonnes: 290000Grade: 0.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:adb95025308affec22ad

Resource Data

Category
proven
Tonnes
290000
Grade
0.8
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Proved Ore Reserve for titanium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.8%”

Context: 290

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · aluminaTonnes: 2914000Grade: 24.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
alumina
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:9c63acb11df0851e166a

Resource Data

Category
probable
Tonnes
2914000
Grade
24.8
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Probable Ore Reserve for alumina is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“24.8%”

Context: 2,914

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · iron_oreTonnes: 2914000Grade: 1.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:9c63acb11df0851e166a

Resource Data

Category
probable
Tonnes
2914000
Grade
1.1
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Probable Ore Reserve for iron is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.1%”

Context: 2,914

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · potassiumTonnes: 2914000Grade: 0.6Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
potassium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:9c63acb11df0851e166a

Resource Data

Category
probable
Tonnes
2914000
Grade
0.6
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Probable Ore Reserve for potassium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.6%”

Context: 2,914

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · titaniumTonnes: 2914000Grade: 0.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:9c63acb11df0851e166a

Resource Data

Category
probable
Tonnes
2914000
Grade
0.9
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Probable Ore Reserve for titanium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.9%”

Context: 2,914

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · aluminaTonnes: 3205000Grade: 24.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
alumina
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:3c03db2b7847f5ba5689

Resource Data

Category
probable
Tonnes
3205000
Grade
24.8
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Total Ore Reserve for alumina is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“24.8%”

Context: 3,205

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · iron_oreTonnes: 3205000Grade: 1.1Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:3c03db2b7847f5ba5689

Resource Data

Category
probable
Tonnes
3205000
Grade
1.1
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Total Ore Reserve for iron is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.1%”

Context: 3,205

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · potassiumTonnes: 3205000Grade: 0.5Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
potassium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:3c03db2b7847f5ba5689

Resource Data

Category
probable
Tonnes
3205000
Grade
0.5
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Total Ore Reserve for potassium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.5%”

Context: 3,205

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableHPA project · titaniumTonnes: 3205000Grade: 0.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Steve Craig
Resource group id
resource:3c03db2b7847f5ba5689

Resource Data

Category
probable
Tonnes
3205000
Grade
0.9
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-10-29T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Total Ore Reserve for titanium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.9%”

Context: 3,205

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredHPA project · aluminaTonnes: 480500Grade: 23.56Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
alumina
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:3d1eba640840a0af20c8

Resource Data

Category
measured
Tonnes
480500
Grade
23.56
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Measured Mineral Resource for alumina is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“23.56”

Context: 480,500

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredHPA project · iron_oreTonnes: 480500Grade: 1.24Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:3d1eba640840a0af20c8

Resource Data

Category
measured
Tonnes
480500
Grade
1.24
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Measured Mineral Resource for iron is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.24”

Context: 480,500

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredHPA project · potassiumTonnes: 480500Grade: 1.18Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
potassium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:3d1eba640840a0af20c8

Resource Data

Category
measured
Tonnes
480500
Grade
1.18
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Measured Mineral Resource for potassium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.18”

Context: 480,500

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedHPA project · aluminaTonnes: 5742700Grade: 23.36Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
alumina
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:653c39fab6edaa62df55

Resource Data

Category
indicated
Tonnes
5742700
Grade
23.36
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Indicated Mineral Resource for alumina is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“23.36”

Context: 5,742,700

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedHPA project · iron_oreTonnes: 5742700Grade: 1.19Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:653c39fab6edaa62df55

Resource Data

Category
indicated
Tonnes
5742700
Grade
1.19
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Indicated Mineral Resource for iron is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.19”

Context: 5,742,700

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedHPA project · potassiumTonnes: 5742700Grade: 1.09Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
potassium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:653c39fab6edaa62df55

Resource Data

Category
indicated
Tonnes
5742700
Grade
1.09
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Indicated Mineral Resource for potassium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.09”

Context: 5,742,700

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredHPA project · aluminaTonnes: 5045500Grade: 21.45Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
alumina
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:25595984007d878dc47a

Resource Data

Category
inferred
Tonnes
5045500
Grade
21.45
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Inferred Mineral Resource for alumina is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“21.45”

Context: 5,045,500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredHPA project · iron_oreTonnes: 5045500Grade: 0.59Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:25595984007d878dc47a

Resource Data

Category
inferred
Tonnes
5045500
Grade
0.59
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Inferred Mineral Resource for iron is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.59”

Context: 5,045,500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredHPA project · potassiumTonnes: 5045500Grade: 0.91Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
potassium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:25595984007d878dc47a

Resource Data

Category
inferred
Tonnes
5045500
Grade
0.91
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Inferred Mineral Resource for potassium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.91”

Context: 5,045,500

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredHPA project · aluminaTonnes: 11268700Grade: 22.51Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
alumina
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:5f2196883c3bf5cbbbe3

Resource Data

Category
inferred
Tonnes
11268700
Grade
22.51
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Total Mineral Resource for alumina is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“22.51”

Context: 11,268,700

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredHPA project · iron_oreTonnes: 11268700Grade: 0.92Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:5f2196883c3bf5cbbbe3

Resource Data

Category
inferred
Tonnes
11268700
Grade
0.92
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Total Mineral Resource for iron is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“0.92”

Context: 11,268,700

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredHPA project · potassiumTonnes: 11268700Grade: 1.02Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
HPA project
Commodity
potassium
Region
australia_wa
Reported Region
Western Australia
Ticker
CCM

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Grant Louw, Dr Andrew Scogings
Resource group id
resource:5f2196883c3bf5cbbbe3

Resource Data

Category
inferred
Tonnes
11268700
Grade
1.02
Grade Unit
%

Prior Estimate

Resource Date
2026-06-30

Location

Loc. Confidence
low

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2018-09-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The Total Mineral Resource for potassium is reported as unchanged from a 2018 estimate, indicating no new geological updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Stale Estimate
  • No Contained Metal
  • Cut-off Undisclosed

Evidence · table

“1.02”

Context: 11,268,700

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

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.