CR1: September 2026 Quarterly Report
Original announcement by asx on
- Company
- Constellation Resources Limited
- Ticker
- CR1
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Copper
- Secondary commodities
- Gold
- Document categories
- Other, Drill results, Capital raise
- Extracted
- 2026-10-21 22:26:22 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Constellation Resources reported its September 2026 quarterly results, highlighting a $3.2 million capital raise and the granting of two new Special Prospecting Authorities in the Edmund-Collier Basin. The company also confirmed regolith-hosted copper-gold mineralisation at the Chatham prospect within the Ularring Project.
Reasoning: The report provides a quarterly update covering a successful capital raise, new tenure grants, and recent drill results confirming mineralisation at the Ularring project.
Positive factors
- Successful capital raise of $3.2 million
- New Special Prospecting Authorities granted in Edmund-Collier Basin
- Confirmation of regolith-hosted Cu-Au mineralisation at Chatham
Negative factors
- Quarterly cash outflow of $500k
Facts used in scoring: 4
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The report mentions analytical techniques and sample submission to Core Laboratories, though specific QA/QC protocols like blanks/standards are not detailed in this summary.
Evidence · text
“160 Samples submitted to Core Laboratories in Houston for thin section preparation”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Drill Results (4)
CHR001Ularring · copperGrade: 0.25Grade Unit: %Intercept: 7 mView all detailsHide details
Identity
- Hole ID
- CHR001
- Project
- Ularring
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- CR1
Geometry
- Grade
- 0.25
- Grade Unit
- %
- Intercept
- 7 m
- From
- 0 m
- To
- 7 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CHR001:0-7
- Mining Method
- unknown
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Low grade copper intercept confirming mineralisation at surface.
Positive factors
- Confirms regolith-hosted mineralisation from surface
Evidence · text
“7 m @ 0.25% Cu and 0.04 g/t Au from surface (CHR001)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "For further information, please contact: Peter Woodman Peter Muccilli Managing Director Technical Director Tel: +61 8 93"
CHR001Ularring · goldGrade: 0.04Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- CHR001
- Project
- Ularring
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- CR1
Geometry
- Grade
- 0.04
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 0 m
- To
- 7 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CHR001:0-7
- Mining Method
- unknown
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Low grade gold intercept confirming mineralisation at surface.
Positive factors
- Confirms regolith-hosted mineralisation from surface
Evidence · text
“7 m @ 0.25% Cu and 0.04 g/t Au from surface (CHR001)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "For further information, please contact: Peter Woodman Peter Muccilli Managing Director Technical Director Tel: +61 8 93"
CHR004Ularring · copperGrade: 0.22Grade Unit: %Intercept: 15 mView all detailsHide details
Identity
- Hole ID
- CHR004
- Project
- Ularring
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- CR1
Geometry
- Grade
- 0.22
- Grade Unit
- %
- Intercept
- 15 m
- From
- 0 m
- To
- 15 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CHR004:0-15
- Mining Method
- unknown
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Low grade copper intercept confirming mineralisation at surface.
Positive factors
- Confirms regolith-hosted mineralisation from surface
Evidence · text
“15 m @ 0.22% Cu and 0.08 g/t Au from surface (CHR004)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "For further information, please contact: Peter Woodman Peter Muccilli Managing Director Technical Director Tel: +61 8 93"
CHR004Ularring · goldGrade: 0.08Grade Unit: g/tIntercept: 15 mView all detailsHide details
Identity
- Hole ID
- CHR004
- Project
- Ularring
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- CR1
Geometry
- Grade
- 0.08
- Grade Unit
- g/t
- Intercept
- 15 m
- From
- 0 m
- To
- 15 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- CHR004:0-15
- Mining Method
- unknown
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Low grade gold intercept confirming mineralisation at surface.
Positive factors
- Confirms regolith-hosted mineralisation from surface
Evidence · text
“15 m @ 0.22% Cu and 0.08 g/t Au from surface (CHR004)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "For further information, please contact: Peter Woodman Peter Muccilli Managing Director Technical Director Tel: +61 8 93"
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.