COB: Annual Report to shareholders

Original announcement by asx on

Company
COBALT BLUE HOLDINGS LIMITED
Ticker
COB
Exchange
ASX
Region
Western Australia
Primary commodity
Cobalt
Secondary commodities
Nickel, Copper, Zinc, Silver, Lead, Sulfur, Gold, Manganese, Iron ore, Rare earth elements, Titanium
Document categories
Resource update, Capital raise, Metallurgy
Extracted
2026-09-24 09:10:38 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Cobalt Blue Holdings Limited's 2026 Annual Report highlights significant progress on its Kwinana Cobalt Refinery, including product qualification and regulatory approvals, alongside successful capital raises. The company also advanced strategic partnerships for polymetallic nodule processing and battery black mass recycling. However, the report notes a substantial financial loss and an auditor's warning regarding going concern, while key resource estimates remained unchanged from the prior year.

Reasoning: The annual report details significant operational advancements for the Kwinana Cobalt Refinery, including meeting product specifications and securing key permits, alongside successful capital raises and new strategic partnerships. However, these positives are tempered by a substantial financial loss, a going concern warning from the auditor, and unchanged resource estimates for key projects, suggesting a mixed but generally forward-moving trajectory for the company.

Positive factors

  • Significant progress on Kwinana Cobalt Refinery (KCR) with samples meeting stringent specifications and Works Approval received, advancing towards Final Investment Decision (FID).
  • Successful capital raises totaling $8.8 million in September and December 2025 provide funding for ongoing operations and project development.
  • Strategic partnerships and R&D initiatives, including a consortium agreement with Glomar Minerals LLC for polymetallic nodule processing and CSIRO collaboration for graphite recovery, diversify the company's technology application and market reach.
  • Broken Hill Cobalt Project (BHCP) Major Project Status extended, and a Preliminary Feasibility Study (PFS) commenced to optimize project scale and reduce capital intensity.

Negative factors

  • The auditor's report highlights a material uncertainty related to going concern, indicating reliance on future funding or cost rationalization.
  • The company reported a net loss of $8.797 million for the year, including a significant non-cash fair value loss on derivatives of $4.313 million.
  • Resource estimates for both Broken Hill Cobalt Project and Halls Creek Project remain unchanged from the previous year, indicating no new geological discoveries or upgrades in confidence.
  • The Halls Creek Project Scoping Study Update is still underway, with completion expected in Q4 2026, delaying progression to a PFS.

Facts used in scoring: 89

Classification and evidence

JORC Compliantpositive

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

Why it applies: The Mineral Resource estimates for the BHCP and Halls Creek Project were reported in accordance with the guidelines of the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code).

Evidence · text

“The Mineral Resource estimate for the BHCP at 30 June 2026 remains unchanged from last year. The estimate was reported in accordance with the guidelines of the 2012 edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code).”

QP/CP Signedpositive

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

Why it applies: The Mineral Resources and Ore Reserves Statement has been approved by Dr Andrew Tong, a Competent Person who is a Member of the AusIMM.

Evidence · text

“The Statement as a whole has been approved by Dr Andrew Tong, a Competent Person who is a Member of the AusIMM.”

Inferred Resourcenegative

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

Why it applies: The Broken Hill Cobalt Project includes 43.0 Mt of Inferred resource, which is a speculative category with limited drilling.

Evidence · table

“43.0”

Context: 43.0

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The Mineral Resource estimates for both the Broken Hill Cobalt Project and Halls Creek Project remain unchanged from the previous year.

Evidence · text

“The Mineral Resource estimate for the BHCP at 30 June 2026 remains unchanged from last year.”

Measured Resourcepositive

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

Why it applies: The Sandiego deposit has an Indicated resource of 3.7 Mt out of a total of 4.1 Mt, representing 90% M&I, and Onedin has 100% Indicated resource, indicating high confidence.

Evidence · table

“Indicated 1.7”

Context: 1.7

Permitting Milestonepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company received Works Approval for the Kwinana Cobalt Refinery and had the Major Project Status for Broken Hill Cobalt Project extended.

Evidence · text

“Received Works Approval for the Kwinana Cobalt Refinery from Western Australia’s Department of Water and Environmental Regulation”

Capital Raisepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company completed two institutional equity placements in September and December 2025, raising a total of $8.8 million.

Evidence · text

“The Company completed a successful capital raise of just over $2.5m in September 2025.”

Metallurgical Testworkpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Cobalt sulphate samples met stringent trace metal specifications, and the company is developing a process to recover graphite from battery black mass.

Evidence · text

“Received confirmation that cobalt sulphate samples had met stringent trace metal specifications”

Strategic Partnershippositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company entered into a Consortium Agreement with Glomar Minerals LLC to advance polymetallic nodule processing.

Evidence · text

“Entered into a Consortium Agreement with Glomar Minerals LLC to advance polymetallic nodule processing”

Going Concern Risknegative · Story-specific tag

No canonical definition is currently available.

Why it applies: The auditor's report highlights a material uncertainty related to going concern, indicating reliance on future funding or cost rationalization.

Evidence · text

“We draw attention to the note 1b Going Concern in the financial report which describes the events and/or conditions which give rise to the existence of a material uncertainty that may cast significant doubt about the group’s ability to continue as a going concern”

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap_leach route ("heap leach")

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a mill_cil route ("concentrator")

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 89. Some facts used in scoring do not have a stored record.

Resource Estimates (86)

measuredBroken Hill Cobalt Project · cobaltTonnes: 23700000Grade: 1143Grade Unit: ppmContained Metal: 21.7Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:a500fc6797ae8cb2c503
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
measured
Tonnes
23700000
Grade
1143
Grade Unit
ppm
Contained Metal
21.7
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Measured resource provides a high level of confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Measured category indicates high geological confidence, suitable for detailed studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1,143”

Context: 23.7

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

measuredBroken Hill Cobalt Project · cobaltTonnes: 23700000Grade: 917Grade Unit: ppmContained Metal: 21.7Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:a500fc6797ae8cb2c503
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
measured
Tonnes
23700000
Grade
917
Grade Unit
ppm
Contained Metal
21.7
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Measured resource provides a high level of confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Measured category indicates high geological confidence, suitable for detailed studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“917”

Context: 23.7

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

measuredBroken Hill Cobalt Project · sulfurTonnes: 23700000Grade: 9.6Grade Unit: %Contained Metal: 2277Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:a500fc6797ae8cb2c503
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
measured
Tonnes
23700000
Grade
9.6
Grade Unit
%
Contained Metal
2277
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Measured resource provides a high level of confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Measured category indicates high geological confidence, suitable for detailed studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“9.6”

Context: 23.7

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

measuredBroken Hill Cobalt Project · nickelTonnes: 23700000Grade: 170Grade Unit: ppmContained Metal: 4Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
nickel
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:a500fc6797ae8cb2c503
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
measured
Tonnes
23700000
Grade
170
Grade Unit
ppm
Contained Metal
4
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Measured resource provides a high level of confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Measured category indicates high geological confidence, suitable for detailed studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“170”

Context: 23.7

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedBroken Hill Cobalt Project · cobaltTonnes: 59900000Grade: 810Grade Unit: ppmContained Metal: 38.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:d684ad067f21c0518bbc
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
indicated
Tonnes
59900000
Grade
810
Grade Unit
ppm
Contained Metal
38.6
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“810”

Context: 59.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedBroken Hill Cobalt Project · cobaltTonnes: 59900000Grade: 644Grade Unit: ppmContained Metal: 38.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:d684ad067f21c0518bbc
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
indicated
Tonnes
59900000
Grade
644
Grade Unit
ppm
Contained Metal
38.6
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“644”

Context: 59.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedBroken Hill Cobalt Project · sulfurTonnes: 59900000Grade: 7Grade Unit: %Contained Metal: 4217Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:d684ad067f21c0518bbc
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
indicated
Tonnes
59900000
Grade
7
Grade Unit
%
Contained Metal
4217
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“7.0”

Context: 59.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedBroken Hill Cobalt Project · nickelTonnes: 59900000Grade: 126Grade Unit: ppmContained Metal: 7.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
nickel
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:d684ad067f21c0518bbc
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
indicated
Tonnes
59900000
Grade
126
Grade Unit
ppm
Contained Metal
7.6
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“126”

Context: 59.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · cobaltTonnes: 43000000Grade: 795Grade Unit: ppmContained Metal: 27Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bddc4129952626075dd7
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
43000000
Grade
795
Grade Unit
ppm
Contained Metal
27
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“795”

Context: 43.0

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · cobaltTonnes: 43000000Grade: 629Grade Unit: ppmContained Metal: 27Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bddc4129952626075dd7
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
43000000
Grade
629
Grade Unit
ppm
Contained Metal
27
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“629”

Context: 43.0

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · sulfurTonnes: 43000000Grade: 7Grade Unit: %Contained Metal: 3016Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bddc4129952626075dd7
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
43000000
Grade
7
Grade Unit
%
Contained Metal
3016
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“7.0”

Context: 43.0

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · nickelTonnes: 43000000Grade: 127Grade Unit: ppmContained Metal: 5.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
nickel
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bddc4129952626075dd7
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
43000000
Grade
127
Grade Unit
ppm
Contained Metal
5.4
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“127”

Context: 43.0

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · cobaltTonnes: 126500000Grade: 867Grade Unit: ppmContained Metal: 87.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bebbc6f4ca47182b25d9
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
126500000
Grade
867
Grade Unit
ppm
Contained Metal
87.3
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“867”

Context: 126.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · cobaltTonnes: 126500000Grade: 690Grade Unit: ppmContained Metal: 87.3Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bebbc6f4ca47182b25d9
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
126500000
Grade
690
Grade Unit
ppm
Contained Metal
87.3
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“690”

Context: 126.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · sulfurTonnes: 126500000Grade: 7.5Grade Unit: %Contained Metal: 9510Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bebbc6f4ca47182b25d9
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
126500000
Grade
7.5
Grade Unit
%
Contained Metal
9510
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“7.5”

Context: 126.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredBroken Hill Cobalt Project · nickelTonnes: 126500000Grade: 134Grade Unit: ppmContained Metal: 17Contained Unit: ktView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
nickel
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bebbc6f4ca47182b25d9
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
126500000
Grade
134
Grade Unit
ppm
Contained Metal
17
Contained Unit
kt
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“134”

Context: 126.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · copperTonnes: 1700000Grade: 2.3Grade Unit: %Contained Metal: 39.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:772ef13ec5ca6e3f3335
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
indicated
Tonnes
1700000
Grade
2.3
Grade Unit
%
Contained Metal
39.1
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“2.3”

Context: 1.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · leadTonnes: 1700000Grade: 3.4Grade Unit: ktContained Metal: 3.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:772ef13ec5ca6e3f3335
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
indicated
Tonnes
1700000
Grade
3.4
Grade Unit
kt
Contained Metal
3.4
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“3.4”

Context: 1.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · zincTonnes: 1700000Grade: 13.6Grade Unit: ktContained Metal: 13.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:772ef13ec5ca6e3f3335
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
indicated
Tonnes
1700000
Grade
13.6
Grade Unit
kt
Contained Metal
13.6
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“13.6”

Context: 1.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · silverTonnes: 1700000Grade: 0.98Grade Unit: mozContained Metal: 0.98Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:772ef13ec5ca6e3f3335
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
indicated
Tonnes
1700000
Grade
0.98
Grade Unit
moz
Contained Metal
0.98
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.98”

Context: 1.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · goldTonnes: 1700000Grade: 0.3Grade Unit: g/tContained Metal: 16.4Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:772ef13ec5ca6e3f3335
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
indicated
Tonnes
1700000
Grade
0.3
Grade Unit
g/t
Contained Metal
16.4
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.3”

Context: 1.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · copperTonnes: 300000Grade: 1.6Grade Unit: %Contained Metal: 4.8Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:88e5022c07bc836092db
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
inferred
Tonnes
300000
Grade
1.6
Grade Unit
%
Contained Metal
4.8
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1.6”

Context: 0.3

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · zincTonnes: 300000Grade: 9Grade Unit: ktContained Metal: 9Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:88e5022c07bc836092db
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
inferred
Tonnes
300000
Grade
9
Grade Unit
kt
Contained Metal
9
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“9.0”

Context: 0.3

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · silverTonnes: 300000Grade: 0.05Grade Unit: mozContained Metal: 0.05Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:88e5022c07bc836092db
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
inferred
Tonnes
300000
Grade
0.05
Grade Unit
moz
Contained Metal
0.05
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.05”

Context: 0.3

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · goldTonnes: 300000Grade: 0.2Grade Unit: g/tContained Metal: 1.9Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:88e5022c07bc836092db
Deposit or zone
Sandiego (Copper zone)

Resource Data

Category
inferred
Tonnes
300000
Grade
0.2
Grade Unit
g/t
Contained Metal
1.9
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.2”

Context: 0.3

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · copperTonnes: 2000000Grade: 0.6Grade Unit: %Contained Metal: 12Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:8400c645b6100a7b1228
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
indicated
Tonnes
2000000
Grade
0.6
Grade Unit
%
Contained Metal
12
Contained Unit
kt
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.6”

Context: 2.0

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · leadTonnes: 2000000Grade: 14Grade Unit: ktContained Metal: 14Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:8400c645b6100a7b1228
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
indicated
Tonnes
2000000
Grade
14
Grade Unit
kt
Contained Metal
14
Contained Unit
kt
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“14.0”

Context: 2.0

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · zincTonnes: 2000000Grade: 146Grade Unit: ktContained Metal: 146Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:8400c645b6100a7b1228
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
indicated
Tonnes
2000000
Grade
146
Grade Unit
kt
Contained Metal
146
Contained Unit
kt
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“146.0”

Context: 2.0

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · silverTonnes: 2000000Grade: 2.25Grade Unit: mozContained Metal: 2.25Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:8400c645b6100a7b1228
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
indicated
Tonnes
2000000
Grade
2.25
Grade Unit
moz
Contained Metal
2.25
Contained Unit
moz
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“2.25”

Context: 2.0

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · goldTonnes: 2000000Grade: 0.1Grade Unit: g/tContained Metal: 6.4Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:8400c645b6100a7b1228
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
indicated
Tonnes
2000000
Grade
0.1
Grade Unit
g/t
Contained Metal
6.4
Contained Unit
koz
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.1”

Context: 2.0

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · copperTonnes: 100000Grade: 0.2Grade Unit: %Contained Metal: 0.2Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c442ab95da6d4e4a150c
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
inferred
Tonnes
100000
Grade
0.2
Grade Unit
%
Contained Metal
0.2
Contained Unit
kt
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.2”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · leadTonnes: 100000Grade: 0.1Grade Unit: ktContained Metal: 0.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c442ab95da6d4e4a150c
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
inferred
Tonnes
100000
Grade
0.1
Grade Unit
kt
Contained Metal
0.1
Contained Unit
kt
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.1”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · zincTonnes: 100000Grade: 6.1Grade Unit: ktContained Metal: 6.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c442ab95da6d4e4a150c
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
inferred
Tonnes
100000
Grade
6.1
Grade Unit
kt
Contained Metal
6.1
Contained Unit
kt
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“6.1”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · silverTonnes: 100000Grade: 0.03Grade Unit: mozContained Metal: 0.03Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c442ab95da6d4e4a150c
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
inferred
Tonnes
100000
Grade
0.03
Grade Unit
moz
Contained Metal
0.03
Contained Unit
moz
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.03”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · goldTonnes: 100000Grade: 0.1Grade Unit: g/tContained Metal: 0.3Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c442ab95da6d4e4a150c
Deposit or zone
Sandiego (Zinc zone)

Resource Data

Category
inferred
Tonnes
100000
Grade
0.1
Grade Unit
g/t
Contained Metal
0.3
Contained Unit
koz
Cutoff Grade
3
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.1”

Context: 0.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · copperTonnes: 3700000Grade: 1.4Grade Unit: %Contained Metal: 51.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:1a86d06d3df385b826e8
Deposit or zone
Sandiego

Resource Data

Category
indicated
Tonnes
3700000
Grade
1.4
Grade Unit
%
Contained Metal
51.1
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1.4”

Context: 3.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · leadTonnes: 3700000Grade: 17.4Grade Unit: ktContained Metal: 17.4Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:1a86d06d3df385b826e8
Deposit or zone
Sandiego

Resource Data

Category
indicated
Tonnes
3700000
Grade
17.4
Grade Unit
kt
Contained Metal
17.4
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“17.4”

Context: 3.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · zincTonnes: 3700000Grade: 159.6Grade Unit: ktContained Metal: 159.6Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:1a86d06d3df385b826e8
Deposit or zone
Sandiego

Resource Data

Category
indicated
Tonnes
3700000
Grade
159.6
Grade Unit
kt
Contained Metal
159.6
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“159.6”

Context: 3.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · silverTonnes: 3700000Grade: 3.23Grade Unit: mozContained Metal: 3.23Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:1a86d06d3df385b826e8
Deposit or zone
Sandiego

Resource Data

Category
indicated
Tonnes
3700000
Grade
3.23
Grade Unit
moz
Contained Metal
3.23
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“3.23”

Context: 3.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · goldTonnes: 3700000Grade: 0.2Grade Unit: g/tContained Metal: 22.8Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:1a86d06d3df385b826e8
Deposit or zone
Sandiego

Resource Data

Category
indicated
Tonnes
3700000
Grade
0.2
Grade Unit
g/t
Contained Metal
22.8
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.2”

Context: 3.7

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · copperTonnes: 400000Grade: 1.3Grade Unit: %Contained Metal: 5Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c2cbfc09dfd1942564cb
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
400000
Grade
1.3
Grade Unit
%
Contained Metal
5
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1.3”

Context: 0.4

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · leadTonnes: 400000Grade: 0.1Grade Unit: ktContained Metal: 0.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c2cbfc09dfd1942564cb
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
400000
Grade
0.1
Grade Unit
kt
Contained Metal
0.1
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.1”

Context: 0.4

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · zincTonnes: 400000Grade: 15.1Grade Unit: ktContained Metal: 15.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c2cbfc09dfd1942564cb
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
400000
Grade
15.1
Grade Unit
kt
Contained Metal
15.1
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“15.1”

Context: 0.4

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · silverTonnes: 400000Grade: 0.08Grade Unit: mozContained Metal: 0.08Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c2cbfc09dfd1942564cb
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
400000
Grade
0.08
Grade Unit
moz
Contained Metal
0.08
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.08”

Context: 0.4

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · goldTonnes: 400000Grade: 0.2Grade Unit: g/tContained Metal: 2.2Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c2cbfc09dfd1942564cb
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
400000
Grade
0.2
Grade Unit
g/t
Contained Metal
2.2
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.2”

Context: 0.4

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · copperTonnes: 4100000Grade: 1.4Grade Unit: %Contained Metal: 56.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3df81fcec8cf30ccc5d4
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
4100000
Grade
1.4
Grade Unit
%
Contained Metal
56.1
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1.4”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · leadTonnes: 4100000Grade: 0.4Grade Unit: %Contained Metal: 17.5Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3df81fcec8cf30ccc5d4
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
4100000
Grade
0.4
Grade Unit
%
Contained Metal
17.5
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.4”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · zincTonnes: 4100000Grade: 4.2Grade Unit: %Contained Metal: 174.7Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3df81fcec8cf30ccc5d4
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
4100000
Grade
4.2
Grade Unit
%
Contained Metal
174.7
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“4.2”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · silverTonnes: 4100000Grade: 25Grade Unit: g/tContained Metal: 3.31Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3df81fcec8cf30ccc5d4
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
4100000
Grade
25
Grade Unit
g/t
Contained Metal
3.31
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“25”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · goldTonnes: 4100000Grade: 0.2Grade Unit: g/tContained Metal: 25Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3df81fcec8cf30ccc5d4
Deposit or zone
Sandiego

Resource Data

Category
inferred
Tonnes
4100000
Grade
0.2
Grade Unit
g/t
Contained Metal
25
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact.

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.2”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · copperTonnes: 1500000Grade: 1.1Grade Unit: %Contained Metal: 16.5Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c0e617ef3e81b641a881
Deposit or zone
Onedin (Copper zone)

Resource Data

Category
indicated
Tonnes
1500000
Grade
1.1
Grade Unit
%
Contained Metal
16.5
Contained Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1.1”

Context: 1.5

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · leadTonnes: 1500000Grade: 18Grade Unit: ktContained Metal: 18Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c0e617ef3e81b641a881
Deposit or zone
Onedin (Copper zone)

Resource Data

Category
indicated
Tonnes
1500000
Grade
18
Grade Unit
kt
Contained Metal
18
Contained Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“18.0”

Context: 1.5

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · zincTonnes: 1500000Grade: 9Grade Unit: ktContained Metal: 9Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c0e617ef3e81b641a881
Deposit or zone
Onedin (Copper zone)

Resource Data

Category
indicated
Tonnes
1500000
Grade
9
Grade Unit
kt
Contained Metal
9
Contained Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“9.0”

Context: 1.5

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · silverTonnes: 1500000Grade: 2.27Grade Unit: mozContained Metal: 2.27Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c0e617ef3e81b641a881
Deposit or zone
Onedin (Copper zone)

Resource Data

Category
indicated
Tonnes
1500000
Grade
2.27
Grade Unit
moz
Contained Metal
2.27
Contained Unit
moz
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“2.27”

Context: 1.5

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · goldTonnes: 1500000Grade: 0.2Grade Unit: g/tContained Metal: 9.7Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:c0e617ef3e81b641a881
Deposit or zone
Onedin (Copper zone)

Resource Data

Category
indicated
Tonnes
1500000
Grade
0.2
Grade Unit
g/t
Contained Metal
9.7
Contained Unit
koz
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.2”

Context: 1.5

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · copperTonnes: 3300000Grade: 0.5Grade Unit: %Contained Metal: 16.5Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3848572f876ec9a7ef56
Deposit or zone
Onedin (Zinc zone)

Resource Data

Category
indicated
Tonnes
3300000
Grade
0.5
Grade Unit
%
Contained Metal
16.5
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.5”

Context: 3.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · leadTonnes: 3300000Grade: 33Grade Unit: ktContained Metal: 33Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3848572f876ec9a7ef56
Deposit or zone
Onedin (Zinc zone)

Resource Data

Category
indicated
Tonnes
3300000
Grade
33
Grade Unit
kt
Contained Metal
33
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“33.0”

Context: 3.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · zincTonnes: 3300000Grade: 141.9Grade Unit: ktContained Metal: 141.9Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3848572f876ec9a7ef56
Deposit or zone
Onedin (Zinc zone)

Resource Data

Category
indicated
Tonnes
3300000
Grade
141.9
Grade Unit
kt
Contained Metal
141.9
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“141.9”

Context: 3.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · silverTonnes: 3300000Grade: 3.61Grade Unit: mozContained Metal: 3.61Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3848572f876ec9a7ef56
Deposit or zone
Onedin (Zinc zone)

Resource Data

Category
indicated
Tonnes
3300000
Grade
3.61
Grade Unit
moz
Contained Metal
3.61
Contained Unit
moz
Cutoff Grade
1
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“3.61”

Context: 3.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · goldTonnes: 3300000Grade: 0.1Grade Unit: g/tContained Metal: 10.6Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:3848572f876ec9a7ef56
Deposit or zone
Onedin (Zinc zone)

Resource Data

Category
indicated
Tonnes
3300000
Grade
0.1
Grade Unit
g/t
Contained Metal
10.6
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% zinc

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.1”

Context: 3.3

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · copperTonnes: 4800000Grade: 0.7Grade Unit: %Contained Metal: 33Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:77a1b1e07e956f9dab43
Deposit or zone
Onedin

Resource Data

Category
indicated
Tonnes
4800000
Grade
0.7
Grade Unit
%
Contained Metal
33
Contained Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.7”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · leadTonnes: 4800000Grade: 1.1Grade Unit: %Contained Metal: 51Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:77a1b1e07e956f9dab43
Deposit or zone
Onedin

Resource Data

Category
indicated
Tonnes
4800000
Grade
1.1
Grade Unit
%
Contained Metal
51
Contained Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1.1”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · zincTonnes: 4800000Grade: 3.1Grade Unit: %Contained Metal: 150.9Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:77a1b1e07e956f9dab43
Deposit or zone
Onedin

Resource Data

Category
indicated
Tonnes
4800000
Grade
3.1
Grade Unit
%
Contained Metal
150.9
Contained Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“3.1”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · silverTonnes: 4800000Grade: 38Grade Unit: g/tContained Metal: 5.88Contained Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:77a1b1e07e956f9dab43
Deposit or zone
Onedin

Resource Data

Category
indicated
Tonnes
4800000
Grade
38
Grade Unit
g/t
Contained Metal
5.88
Contained Unit
moz
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“38”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · goldTonnes: 4800000Grade: 0.1Grade Unit: g/tContained Metal: 20.3Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:77a1b1e07e956f9dab43
Deposit or zone
Onedin

Resource Data

Category
indicated
Tonnes
4800000
Grade
0.1
Grade Unit
g/t
Contained Metal
20.3
Contained Unit
koz
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report.

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.1”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Fact 66Kwinana Cobalt RefineryView all details
Link to this fact

Identity

Project
Kwinana Cobalt Refinery
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Resource group id
resource:971d6685123c38db6032

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Works Approval for the Kwinana Cobalt Refinery is a significant de-risking event, enabling the project to move closer to construction and operation.

Positive factors

  • Receipt of Works Approval is a critical regulatory milestone, allowing construction and operation activities.
  • The approval marks completion of an important condition precedent to Final Investment Decision (FID).

Evidence · text

“Received Works Approval for the Kwinana Cobalt Refinery from Western Australia’s Department of Water and Environmental Regulation”

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Fact 67Broken Hill Cobalt ProjectView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Resource group id
resource:db2f742e67e8fcd7cac9

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The commencement of a PFS for the Broken Hill Cobalt Project in the first half of 2026 demonstrates active advancement of the project towards a more detailed economic assessment.

Positive factors

  • The Group commenced a PFS for BHCP during the first half of 2026, indicating active progress on project development.

Negative factors

  • The PFS is still underway, meaning final optimized project parameters are not yet confirmed.

Evidence · text

“The Group commenced a PFS for BHCP during the first half of 2026.”

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

Fact 68Project InfinityView all details
Link to this fact

Identity

Project
Project Infinity
Region
usa
Reported Region
United States
Ticker
COB

Resource scope

Resource group id
resource:da4e2a22d01e6d97b2d5

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Consortium Agreement with Glomar Minerals LLC to advance polymetallic nodule processing represents a significant new opportunity for Cobalt Blue to deploy its technology and expand its presence in the critical minerals sector beyond Australia.

Positive factors

  • Consortium Agreement with Glomar Minerals LLC provides an entry point into the US critical minerals sector.
  • Expands the potential application of Cobalt Blue’s proprietary hydrometallurgical expertise internationally.
  • Polymetallic nodules contain multiple critical metals, offering diversified production potential.

Negative factors

  • Work programs are subject to securing appropriate funding and execution of binding agreements.

Evidence · text

“Entered into a Consortium Agreement with Glomar Minerals LLC to advance polymetallic nodule processing”

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Fact 69Halls Creek ProjectView all details
Link to this fact

Identity

Project
Halls Creek Project
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Resource group id
resource:82e67ce4ea1c25f97dee

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The ongoing Scoping Study Update for the Halls Creek Project aims to optimize and simplify the development pathway, which could improve project economics and execution.

Positive factors

  • An updated Scoping Study is underway to evaluate practical opportunities and improve the development pathway.
  • Focus on optimization of the Stage 1 Onedin heap leach flowsheet and potential for single heap leach operation for Sandiego material could reduce complexity and enhance capital efficiency.

Negative factors

  • The updated Scoping Study is expected to be completed in Q4 2026, meaning results are not yet finalized.

Evidence · text

“A Scoping Study Update for the Halls Creek copper-silver project is underway.”

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

Fact 70CorporateView all details
Link to this fact

Identity

Project
Corporate
Ticker
COB

Resource scope

Resource group id
resource:9d2ee816d484557d8ecf

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The additional $5.3 million institutional equity placement in December 2025 significantly strengthens the company's financial position and reflects continued investor confidence.

Positive factors

  • Further institutional equity placement of $5.3 million provides significant additional funding.
  • Support from multiple investment firms (Pamplona, Shaw and Partners, Bell Potter and Cloudbreak) indicates strong market backing.

Evidence · text

“This was followed by a further $5.3 million institutional equity placement completed in December 2025.”

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

measuredBroken Hill Cobalt Project · sulfurTonnes: 23700000Grade: 9.6Grade Unit: %View all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:a500fc6797ae8cb2c503
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
measured
Tonnes
23700000
Grade
9.6
Grade Unit
%
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Measured resource provides a high level of confidence for the project, but the lack of change from the prior year means no new information is presented in this report. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Measured category indicates high geological confidence, suitable for detailed studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“9.6”

Context: 23.7

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedBroken Hill Cobalt Project · sulfurTonnes: 59900000Grade: 7Grade Unit: %View all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:d684ad067f21c0518bbc
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
indicated
Tonnes
59900000
Grade
7
Grade Unit
%
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“7.0”

Context: 59.9

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredBroken Hill Cobalt Project · sulfurTonnes: 43000000Grade: 7Grade Unit: %View all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:bddc4129952626075dd7
Deposit or zone
BHCP (inclusive of Pyrite Hill, Railway & Big Hill)

Resource Data

Category
inferred
Tonnes
43000000
Grade
7
Grade Unit
%
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Inferred resource provides a baseline for potential, but its lower confidence and lack of update reduce its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Inferred category indicates lower geological confidence, limiting its use for economic studies.
  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“7.0”

Context: 43.0

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredBroken Hill Cobalt Project · cobaltTonnes: 126500000Grade: 690Grade Unit: ppmView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
cobalt
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:7cce818728e390640fd8

Resource Data

Category
inferred
Tonnes
126500000
Grade
690
Grade Unit
ppm
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“690”

Context: 126.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredBroken Hill Cobalt Project · sulfurTonnes: 126500000Grade: 7.5Grade Unit: %View all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
sulfur
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:7cce818728e390640fd8

Resource Data

Category
inferred
Tonnes
126500000
Grade
7.5
Grade Unit
%
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“7.5”

Context: 126.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredBroken Hill Cobalt Project · nickelTonnes: 126500000Grade: 134Grade Unit: ppmView all details
Link to this fact

Identity

Project
Broken Hill Cobalt Project
Commodity
nickel
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2025-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:7cce818728e390640fd8

Resource Data

Category
inferred
Tonnes
126500000
Grade
134
Grade Unit
ppm
Cutoff Grade
275
Cutoff Unit
ppm CoEq

Prior Estimate

Resource Date
2025-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“134”

Context: 126.5

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredHalls Creek Project · copperTonnes: 4100000Grade: 1.4Grade Unit: %Contained Metal: 56.1Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:151090c8052f02c33966

Resource Data

Category
inferred
Tonnes
4100000
Grade
1.4
Grade Unit
%
Contained Metal
56.1
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“1.4”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredHalls Creek Project · leadTonnes: 4100000Grade: 17.5Grade Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:151090c8052f02c33966

Resource Data

Category
inferred
Tonnes
4100000
Grade
17.5
Grade Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“17.5”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredHalls Creek Project · zincTonnes: 4100000Grade: 174.7Grade Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:151090c8052f02c33966

Resource Data

Category
inferred
Tonnes
4100000
Grade
174.7
Grade Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“174.7”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredHalls Creek Project · silverTonnes: 4100000Grade: 3.31Grade Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:151090c8052f02c33966

Resource Data

Category
inferred
Tonnes
4100000
Grade
3.31
Grade Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“3.31”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredHalls Creek Project · goldTonnes: 4100000Grade: 0.2Grade Unit: g/tContained Metal: 25Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:151090c8052f02c33966

Resource Data

Category
inferred
Tonnes
4100000
Grade
0.2
Grade Unit
g/t
Contained Metal
25
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The total resource provides an overview of the project's scale, but the lack of update reduces its immediate impact. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.2”

Context: 4.1

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · copperTonnes: 4800000Grade: 0.7Grade Unit: %Contained Metal: 33Contained Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:213e00008c69a33d1f03

Resource Data

Category
indicated
Tonnes
4800000
Grade
0.7
Grade Unit
%
Contained Metal
33
Contained Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.7”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedHalls Creek Project · leadTonnes: 4800000Grade: 51Grade Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
lead
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:213e00008c69a33d1f03

Resource Data

Category
indicated
Tonnes
4800000
Grade
51
Grade Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“51.0”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedHalls Creek Project · zincTonnes: 4800000Grade: 150.9Grade Unit: ktView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:213e00008c69a33d1f03

Resource Data

Category
indicated
Tonnes
4800000
Grade
150.9
Grade Unit
kt
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“150.9”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedHalls Creek Project · silverTonnes: 4800000Grade: 5.88Grade Unit: mozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:213e00008c69a33d1f03

Resource Data

Category
indicated
Tonnes
4800000
Grade
5.88
Grade Unit
moz
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“5.88”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedHalls Creek Project · goldTonnes: 4800000Grade: 0.1Grade Unit: g/tContained Metal: 20.3Contained Unit: kozView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Resource scope

Estimate type
resource
Effective date
2026-06-30T00:00:00.000Z
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Andrew Tong
Resource group id
resource:213e00008c69a33d1f03

Resource Data

Category
indicated
Tonnes
4800000
Grade
0.1
Grade Unit
g/t
Contained Metal
20.3
Contained Unit
koz
Cutoff Grade
0.4
Cutoff Unit
% copper

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The Indicated resource provides reasonable confidence for the project, but the lack of change from the prior year means no new information is presented in this report. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Indicated category provides reasonable geological confidence, suitable for pre-feasibility studies.
  • JORC 2012 compliant and QP signed, ensuring high reporting standards.

Negative factors

  • Resource estimate is unchanged from the previous year, indicating no new progress in this reporting period.

Evidence · table

“0.1”

Context: 4.8

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Metallurgical Results (3)

pilot plantKwinana Cobalt Refinery · cobaltView all details
Link to this fact

Identity

Project
Kwinana Cobalt Refinery
Commodity
cobalt
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Test Work

Program Status
detailed
Test Type
pilot plant
Processing Route
proprietary flowsheet
Sample
cobalt sulphate samples

Recovery

Recovery Basis
actual_test

Lab

Laboratory
BHTC

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: Meeting stringent trace metal specifications for cobalt sulphate samples is a critical milestone for product qualification and commercial offtake agreements, demonstrating the technical viability of the Kwinana Cobalt Refinery.

Positive factors

  • Cobalt sulphate samples met stringent trace metal specifications, indicating high product quality.
  • Successful production at BHTC using proprietary flowsheet validates the process for commercial readiness.

Evidence · text

“Received confirmation that cobalt sulphate samples had met stringent trace metal specifications”

Tags used in scoring

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: test_type names pilot-scale work

heap leachHalls Creek Project · silverView all details
Link to this fact

Identity

Project
Halls Creek Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
COB

Test Work

Program Status
scoping
Test Type
heap leach
Processing Route
heap leach flowsheet

Recovery

Recovery Basis
unspecified

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The evaluation of silver recovery through the heap leach flowsheet represents a new potential revenue stream for the Halls Creek Project, which could enhance its economics.

Positive factors

  • Evaluating potential recovery of silver could provide meaningful enhancement to future project economics.
  • Silver has not previously formed part of the development strategy, indicating new value potential.

Negative factors

  • The recovery is still under evaluation, with no confirmed results yet.

Evidence · text

“The study is also evaluating the potential recovery of silver, which has not previously formed part of the development strategy.”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

flotationBroken Hill Technology Centre · graphiteView all details
Link to this fact

Identity

Project
Broken Hill Technology Centre
Commodity
graphite
Region
australia_nsw
Reported Region
New South Wales
Ticker
COB

Test Work

Program Status
detailed
Test Type
flotation
Processing Route
recovery from battery black mass

Recovery

Recovery Basis
actual_test

Lab

Laboratory
CSIRO

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: The co-development program with CSIRO to recover graphite from battery black mass demonstrates innovation and potential for new revenue streams from recycled materials.

Positive factors

  • Developing a process to recover graphite from battery black mass aligns with circular economy principles and expands feedstock options.
  • Collaboration with CSIRO leverages external expertise and advances Australia’s battery materials production capability.

Negative factors

  • Work programs are expected to conclude in Q4 2026, indicating results are not yet finalized.

Evidence · text

“Under the co-development program, Cobalt Blue is developing a process to recover graphite from battery black mass.”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

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.