# CCM: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146556 Publisher: asx Original announcement: 2026-09-30T07:24:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T08:22:50.338Z Atlas analysis updated: 2026-09-30T08:22:50.338Z - 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 Narrative sentiment: 0.00 · Neutral ## Minestarters Atlas 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 factor: Advancement of HPA project towards commercial readiness - Positive factor: SAFELOOP qualification for premiumHPA® - Positive factor: Strategic joint venture for Wimmera Mineral Sands Project - Positive factor: Minhub project progressing feasibility work - Positive factor: Industry Attraction Fund Grant received - Positive factor: R&D tax incentive received - Negative factor: Significant impairment expense of $1,858,217 - Negative factor: Resource and Reserve estimates are unchanged from 2018-2020 - Negative factor: Material uncertainty related to going concern - Negative factor: 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 Estimate** Polarity: negative Definition: 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 Metal** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr. 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 Estimate** Polarity: negative Definition: 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 Metal** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Mr 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 Intercept** Polarity: positive Definition: 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 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 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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-release** Polarity: negative Definition: 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 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 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 Acquisition** Polarity: positive Story-specific tag Definition: 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 Chain** Polarity: positive Story-specific tag Definition: 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 Asset** Polarity: positive Story-specific tag Definition: 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 Impairment** Polarity: negative Story-specific tag Definition: 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 Grant** Polarity: positive Story-specific tag Definition: 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 Incentive** Polarity: positive Story-specific tag Definition: 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) ### DB0011 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-24) Wimmera Mineral Sands · zircon Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > DB0011 – 7m @ 2.02% in-situ zircon #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0011 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-25) Wimmera Mineral Sands · rare\_earths Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 1884ppm TREO\* #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0011 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-26) Wimmera Mineral Sands · titanium Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 3.56% TiO2 from 10m #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0012 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-27) Wimmera Mineral Sands · zircon Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > DB0012 – 7m @ 1.82% in-situ zircon #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0012 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-28) Wimmera Mineral Sands · rare\_earths Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 1885ppm TREO\* #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0012 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-29) Wimmera Mineral Sands · titanium Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 3.33% TiO2 from 9m #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0013 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-30) Wimmera Mineral Sands · zircon Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > DB0013 – 6m @ 1.88% in-situ zircon #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0013 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-31) Wimmera Mineral Sands · rare\_earths Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 1725ppm TREO\* #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0013 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-32) Wimmera Mineral Sands · titanium Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 3.81% TiO2 from 10m #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0015 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-33) Wimmera Mineral Sands · zircon Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > DB0015 – 7m @ 1.38% in-situ zircon #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0015 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-34) Wimmera Mineral Sands · rare\_earths Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 1249ppm TREO\* #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0015 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-35) Wimmera Mineral Sands · titanium Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 3.06% TiO2 from 10m #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0050 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-36) Wimmera Mineral Sands · zircon Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > DB0050 – 7m @ 1.35% in-situ zircon #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0050 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-37) Wimmera Mineral Sands · rare\_earths Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 1165ppm TREO\* #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### DB0050 [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-drill-facts-38) Wimmera Mineral Sands · titanium Historical result Needs review: historical\_restatement #### 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 factor: QA/QC Disclosed - Positive factor: QP/CP Signed - Negative factor: Stale Data Re-release - Negative factor: Apparent Width Only Evidence · text > 3.13% TiO2 from 11m #### Tags used in scoring **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: qaqc\_disclosed is 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 **Stale Data Re-release** Polarity: negative Definition: 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) ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-0) HPA project · alumina Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 24.9% Context: 290 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-1) HPA project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.1% Context: 290 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-2) HPA project · potassium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.5% Context: 290 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-3) HPA project · titanium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.8% Context: 290 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-4) HPA project · alumina Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 24.8% Context: 2,914 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-5) HPA project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.1% Context: 2,914 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-6) HPA project · potassium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.6% Context: 2,914 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-7) HPA project · titanium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.9% Context: 2,914 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-8) HPA project · alumina Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 24.8% Context: 3,205 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-9) HPA project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.1% Context: 3,205 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-10) HPA project · potassium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.5% Context: 3,205 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-11) HPA project · titanium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.9% Context: 3,205 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-12) HPA project · alumina Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 23.56 Context: 480,500 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-13) HPA project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.24 Context: 480,500 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-14) HPA project · potassium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.18 Context: 480,500 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-15) HPA project · alumina Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 23.36 Context: 5,742,700 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-16) HPA project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.19 Context: 5,742,700 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-17) HPA project · potassium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.09 Context: 5,742,700 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-18) HPA project · alumina Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 21.45 Context: 5,045,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-19) HPA project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.59 Context: 5,045,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-20) HPA project · potassium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.91 Context: 5,045,500 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-21) HPA project · alumina Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 22.51 Context: 11,268,700 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-22) HPA project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 0.92 Context: 11,268,700 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/ccm-annual-report-to-shareholders--cbba0847-294d-45a5-b517-5d35f039b9d5#fact-resource-facts-23) HPA project · potassium Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Negative factor: Stale Estimate - Negative factor: No Contained Metal - Negative factor: Cut-off Undisclosed Evidence · table > 1.02 Context: 11,268,700 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off 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 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: 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.