CR3: Annual Report to shareholders
Original announcement by asx on
- Company
- Core Energy Minerals Limited
- Ticker
- CR3
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Uranium
- Secondary commodities
- Rare earth elements, Magnetic rare earth oxides, Yttrium oxide
- Document categories
- Drill results, Metallurgy, Agreement transaction, Capital raise
- Extracted
- 2026-09-29 23:36:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Core Energy Minerals Limited's 2026 Annual Report details a year of active exploration and portfolio expansion across uranium and rare earth elements (REE) projects in Brazil, Namibia, and Australia. Key developments include the acquisition of the Itambe REE Project, positive early-stage REE drill and leach testwork results at Tunas, and maiden drilling at the Cummins Project yielding uranium and REE intercepts. Subsequent to the financial year, the company secured a significant earn-in agreement for the Nova JV Uranium Project in Namibia and completed a A$3 million placement to fund its exploration. The auditor's report, however, notes a material uncertainty regarding the company's ability to continue as a going concern.
Reasoning: The annual report summarizes a year of active exploration, project acquisitions, and capital raising, including a significant earn-in agreement for a Namibian uranium project and positive early-stage REE results. However, the auditor's going concern warning and lack of detailed QA/QC for drill results temper the overall positive outlook.
Positive factors
- Significant earn-in agreement for advanced uranium project in Namibia
- Acquisition of a new REE project from Rio Tinto
- Positive early-stage REE drill results and leach testwork indicating recoverability
- Strong historical uranium intercept at Nova JV relative to project average
- Successful capital raises to fund exploration activities
Negative factors
- Auditor's report highlights material uncertainty related to going concern
- Drill results lack QA/QC disclosure, limiting confidence in data quality
- All drill widths are apparent (downhole) only, with no true width disclosed
- Cut-off grades for drill interval compositing are not disclosed
- Metallurgical testwork is preliminary (bench scale only)
- Average REE recoveries from leach testwork are low
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 33
Classification and evidence
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: The drill results sections do not explicitly mention QA/QC procedures, certified labs, or QP sign-offs for the new or historical results.
Evidence · text
“Initial auger drilling and sampling at Itambe was completed during the June 2026 quarter, confirming the Project’s strong exploration potential.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: All reported drill intercepts are given as downhole widths, with no mention of true width or drill orientation to estimate true thickness.
Evidence · text
“45m @ 222ppm eU3O8 from 120m (TN253RC)”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The Nova JV uranium drill results are explicitly stated as 'Previous exploration by Deep Yellow and former JV partners' and reference prior ASX announcements from 2021 and 2023.
Evidence · text
“Previous exploration by Deep Yellow and former JV partners returned advanced drilling intercepts including: • 45m @ 222ppm eU3O8 from 120m (TN253RC)”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: The document does not state the cut-off grades used for compositing or reporting any of the drill intervals.
Evidence · text
“5.6m @ 1,429ppm TREO from surface (ITTR001)”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical work is described as 'preliminary leach testwork', indicating it is at an early, bench-scale stage.
Evidence · text
“preliminary leach testwork on samples from Tunas supported the recoverability of rare earth mineralisation within the weathered profile under mild leaching conditions.”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The Nova JV project is positioned adjacent to existing uranium tenements and within Namibia's premier uranium province, boasting world-class existing mines and development projects.
Evidence · text
“The Project lies adjacent to CR3’s 100% owned uranium exploration tenements, Gemsbok and Oryx, and together they form a regionally significant and strategic district-scale package of highly prospective uranium exploration ground in Namibia’s Erongo region, the country’s premier uranium province. The region boasts world-class existing mines and development projects including Husab, Rössing, Etango, Tumas and Langer Heinrich”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The Tunas REE Project conducted a 'second phase of infill auger drilling' to confirm continuity.
Evidence · text
“Follow-up Phase 2 infill auger drilling commenced in April 2026.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The metallurgical testwork involves 'leach testwork' under 'mild leaching conditions', which is characteristic of heap leach or similar low-cost leaching processes for REE.
Evidence · text
“preliminary leach testwork on samples from Tunas supported the recoverability of rare earth mineralisation within the weathered profile under mild leaching conditions.”
Strong Interceptpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The 21m @ 886ppm eU3O8 intercept at Nova JV is significantly above the project's average grade of 392.6ppm and represents the best grade x metres result for the project in the RAG comparables.
Evidence · text
“21m @ 886ppm eU3O8 from 199m (TN258RC)”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 28. Some facts used in scoring do not have a stored record.
Drill Results (24)
TN253RCNova JV Uranium · uraniumGrade: 222Grade Unit: ppm eU3O8Intercept: 45 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- TN253RC
- Project
- Nova JV Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- CR3
Geometry
- Grade
- 222
- Grade Unit
- ppm eU3O8
- Intercept
- 45 m
- From
- 120 m
- To
- 165 m
- Intercept Depth
- 120 m
Classification
- Sample Type
- drill
- Group ID
- TN253RC:120-165
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-08-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical drill intercept from a previous operator, providing context for the Nova JV project but not representing new exploration success by Core Energy Minerals.
Negative factors
- Result is historical and not new information
- Apparent width only, true width not disclosed
- No QA/QC disclosure for this historical result
Evidence · text
“45m @ 222ppm eU3O8 from 120m (TN253RC)”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
TN258RCNova JV Uranium · uraniumGrade: 886Grade Unit: ppm eU3O8Intercept: 21 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- TN258RC
- Project
- Nova JV Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- CR3
Geometry
- Grade
- 886
- Grade Unit
- ppm eU3O8
- Intercept
- 21 m
- From
- 199 m
- To
- 220 m
- Intercept Depth
- 199 m
Classification
- Sample Type
- drill
- Group ID
- TN258RC:199-220
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2021-08-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This historical intercept represents a strong uranium grade and width for the project, aligning with the best results previously reported, indicating significant mineralization potential.
Positive factors
- High-grade uranium intercept relative to project average
- Best grade x metres for the project according to RAG comparables
Negative factors
- Result is historical and not new information
- Apparent width only, true width not disclosed
- No QA/QC disclosure for this historical result
Evidence · text
“21m @ 886ppm eU3O8 from 199m (TN258RC)”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
TN258RCNova JV Uranium · uraniumGrade: 251Grade Unit: ppm eU3O8Intercept: 27 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- TN258RC
- Project
- Nova JV Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- CR3
Geometry
- Grade
- 251
- Grade Unit
- ppm eU3O8
- Intercept
- 27 m
- From
- 224 m
- To
- 251 m
- Intercept Depth
- 224 m
Classification
- Sample Type
- drill
- Group ID
- TN258RC:224-251
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2023-12-28T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a historical drill intercept from a previous operator, providing context for the Nova JV project but not representing new exploration success by Core Energy Minerals.
Negative factors
- Result is historical and not new information
- Apparent width only, true width not disclosed
- No QA/QC disclosure for this historical result
Evidence · text
“27m @ 251ppm eU3O8 from 224m (TN258RC)”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
ITTR001Itambe Rare Earths · rare earth elementsGrade: 1429Grade Unit: ppm TREOIntercept: 5.6 mView all detailsHide details
Identity
- Hole ID
- ITTR001
- Project
- Itambe Rare Earths
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 1429
- Grade Unit
- ppm TREO
- Intercept
- 5.6 m
- From
- 0 m
- To
- 5.6 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- ITTR001:0-5.6
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Initial auger drilling at the newly acquired Itambe project returned a positive REE intercept, confirming exploration potential at an early stage.
Positive factors
- New drill result from initial auger drilling
- Good grade for early-stage REE exploration
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Early-stage reconnaissance drilling
Evidence · text
“5.6m @ 1,429ppm TREO from surface (ITTR001)”
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
ITTR002Itambe Rare Earths · rare earth elementsGrade: 1546Grade Unit: ppm TREOIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- ITTR002
- Project
- Itambe Rare Earths
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 1546
- Grade Unit
- ppm TREO
- Intercept
- 2 m
- From
- 0 m
- To
- 2 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- ITTR002:0-2
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Initial auger drilling at the newly acquired Itambe project returned a positive REE intercept, confirming exploration potential at an early stage.
Positive factors
- New drill result from initial auger drilling
- Good grade for early-stage REE exploration
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Early-stage reconnaissance drilling
Evidence · text
“2.0m @ 1,546ppm TREO from surface (ITTR002)”
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
TNTR007Tunas REE · rare earth elementsGrade: 1563Grade Unit: ppm TREOIntercept: 6.5 mView all detailsHide details
Identity
- Hole ID
- TNTR007
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 1563
- Grade Unit
- ppm TREO
- Intercept
- 6.5 m
- From
- 2 m
- To
- 8.5 m
- Intercept Depth
- 2 m
Classification
- Sample Type
- drill
- Group ID
- TNTR007:2-8.5
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Hand-auger sampling at Tunas confirmed the presence of REE mineralization with a good intercept, supporting the project's exploration potential.
Positive factors
- New drill result from hand-auger sampling
- Good grade for early-stage REE exploration
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Early-stage reconnaissance drilling
Evidence · text
“6.5m @ 1,563ppm TREO from 2.0m (TNTR007)”
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
TNTR008Tunas REE · rare earth elementsGrade: 1031Grade Unit: ppm TREOIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- TNTR008
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 1031
- Grade Unit
- ppm TREO
- Intercept
- 5 m
- From
- 3 m
- To
- 8 m
- Intercept Depth
- 3 m
Classification
- Sample Type
- drill
- Group ID
- TNTR008:3-8
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Hand-auger sampling at Tunas confirmed the presence of REE mineralization, supporting the project's exploration potential.
Positive factors
- New drill result from hand-auger sampling
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Early-stage reconnaissance drilling
Evidence · text
“5.0m @ 1,031ppm TREO from 3.0m (TNTR008)”
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
TNTR001Tunas REE · rare earth elementsGrade: 1523Grade Unit: ppm TREOIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- TNTR001
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 1523
- Grade Unit
- ppm TREO
- Intercept
- 5 m
- From
- 4 m
- To
- 9 m
- Intercept Depth
- 4 m
Classification
- Sample Type
- drill
- Group ID
- TNTR001:4-9
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Hand-auger sampling at Tunas confirmed the presence of REE mineralization with a good intercept, supporting the project's exploration potential.
Positive factors
- New drill result from hand-auger sampling
- Good grade for early-stage REE exploration
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Early-stage reconnaissance drilling
Evidence · text
“5.0m @ 1,523ppm TREO from 4.0m (TNTR001)”
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
TNTR004Tunas REE · rare earth elementsGrade: 1822Grade Unit: ppm TREOIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- TNTR004
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 1822
- Grade Unit
- ppm TREO
- Intercept
- 1 m
- From
- 1 m
- To
- 2 m
- Intercept Depth
- 1 m
Classification
- Sample Type
- drill
- Group ID
- TNTR004:1-2
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Hand-auger sampling at Tunas confirmed the presence of REE mineralization with a good grade over a narrow interval, supporting the project's exploration potential.
Positive factors
- New drill result from hand-auger sampling
- Good grade for early-stage REE exploration
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Narrow intercept length
Evidence · text
“1.0m @ 1,822ppm TREO from 1.0m (TNTR004)”
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
Fact 10Tunas REE · rare earth elementsGrade: 2146Grade Unit: ppm TREOIntercept: 14 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 2146
- Grade Unit
- ppm TREO
- Intercept
- 14 m
- From
- 0 m
- To
- 14 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:0-14
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Phase 2 infill auger drilling at Tunas returned a strong REE intercept, confirming the lateral continuity of mineralization and enhancing the project's potential.
Positive factors
- New drill result from infill auger drilling
- Good grade and width for REE exploration
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“14m @ 2,146ppm TREO, 555.5ppm MREO, from surface”
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
Fact 11Tunas REE · rare earth elementsGrade: 2672Grade Unit: ppm TREOIntercept: 9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 2672
- Grade Unit
- ppm TREO
- Intercept
- 9 m
- From
- 5 m
- To
- 14 m
- Intercept Depth
- 5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:5-14
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A high-grade sub-interval within the Tunas infill drilling results, including significant MREO and Y2O3, further enhances the project's economic potential.
Positive factors
- High-grade REE sub-interval
- Includes elevated MREO and Y2O3 values
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“9m @ 2,672ppm TREO, 770ppm MREO and 396.6ppm Y2O3 from 5m”
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
Fact 12Tunas REE · magnetic rare earth oxidesGrade: 770Grade Unit: ppm MREOIntercept: 9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- magnetic rare earth oxides
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 770
- Grade Unit
- ppm MREO
- Intercept
- 9 m
- From
- 5 m
- To
- 14 m
- Intercept Depth
- 5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:5-14
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Significant MREO values within the Tunas infill drilling results indicate a valuable component of the rare earth mineralization.
Positive factors
- High-grade MREO sub-interval
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“9m @ 2,672ppm TREO, 770ppm MREO and 396.6ppm Y2O3 from 5m”
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
Fact 13Tunas REE · yttrium oxideGrade: 396.6Grade Unit: ppm Y2O3Intercept: 9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- yttrium oxide
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 396.6
- Grade Unit
- ppm Y2O3
- Intercept
- 9 m
- From
- 5 m
- To
- 14 m
- Intercept Depth
- 5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:5-14
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Elevated yttrium oxide values in the Tunas infill drilling results add to the overall value proposition of the project.
Positive factors
- Elevated Y2O3 values, improving value proposition
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“9m @ 2,672ppm TREO, 770ppm MREO and 396.6ppm Y2O3 from 5m”
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
Fact 14Tunas REE · rare earth elementsGrade: 1509.5Grade Unit: ppm TREOIntercept: 10 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 1509.5
- Grade Unit
- ppm TREO
- Intercept
- 10 m
- From
- 0 m
- To
- 10 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:0-10
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Phase 2 infill auger drilling at Tunas returned a positive REE intercept, confirming the lateral continuity of mineralization and enhancing the project's potential.
Positive factors
- New drill result from infill auger drilling
- Good grade and width for REE exploration
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“10m @ 1,509.5ppm TREO, 355.6ppm MREO from surface”
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
Fact 15Tunas REE · rare earth elementsGrade: 2013.5Grade Unit: ppm TREOIntercept: 6 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 2013.5
- Grade Unit
- ppm TREO
- Intercept
- 6 m
- From
- 4 m
- To
- 10 m
- Intercept Depth
- 4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:4-10
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A high-grade sub-interval within the Tunas infill drilling results, including significant MREO and Y2O3, further enhances the project's economic potential.
Positive factors
- High-grade REE sub-interval
- Includes elevated MREO and Y2O3 values
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“6m @ 2,013.5ppm TREO and 535.6ppm MREO and 198.5ppm Y2O3 from 4m”
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
Fact 16Tunas REE · magnetic rare earth oxidesGrade: 535.6Grade Unit: ppm MREOIntercept: 6 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- magnetic rare earth oxides
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 535.6
- Grade Unit
- ppm MREO
- Intercept
- 6 m
- From
- 4 m
- To
- 10 m
- Intercept Depth
- 4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:4-10
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Significant MREO values within the Tunas infill drilling results indicate a valuable component of the rare earth mineralization.
Positive factors
- High-grade MREO sub-interval
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“6m @ 2,013.5ppm TREO and 535.6ppm MREO and 198.5ppm Y2O3 from 4m”
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
Fact 17Tunas REE · yttrium oxideGrade: 198.5Grade Unit: ppm Y2O3Intercept: 6 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Tunas REE
- Commodity
- yttrium oxide
- Region
- brazil
- Reported Region
- brazil
- Ticker
- CR3
Geometry
- Grade
- 198.5
- Grade Unit
- ppm Y2O3
- Intercept
- 6 m
- From
- 4 m
- To
- 10 m
- Intercept Depth
- 4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Tunas_REE:4-10
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Elevated yttrium oxide values in the Tunas infill drilling results add to the overall value proposition of the project.
Positive factors
- Elevated Y2O3 values, improving value proposition
- Confirms lateral continuity of mineralization
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
Evidence · text
“6m @ 2,013.5ppm TREO and 535.6ppm MREO and 198.5ppm Y2O3 from 4m”
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
CAC007Cummins · uraniumGrade: 114.3Grade Unit: ppm U3O8Intercept: 4 mView all detailsHide details
Identity
- Hole ID
- CAC007
- Project
- Cummins
- Commodity
- uranium
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- CR3
Geometry
- Grade
- 114.3
- Grade Unit
- ppm U3O8
- Intercept
- 4 m
- From
- 104 m
- To
- 108 m
- Intercept Depth
- 104 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CAC007:104-108
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Maiden aircore drilling at Cummins identified uranium mineralization, providing valuable geological information for future targeting at an early stage.
Positive factors
- New drill result from maiden aircore drilling
- Identified uranium intercepts
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Grade is weak to moderate for uranium
Evidence · text
“4m at 114.3ppm U3O8 from 104m (including 2m 136.2ppm U3O8 from 105m) (CAC007)”
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
CAC007Cummins · uraniumGrade: 136.2Grade Unit: ppm U3O8Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- CAC007
- Project
- Cummins
- Commodity
- uranium
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- CR3
Geometry
- Grade
- 136.2
- Grade Unit
- ppm U3O8
- Intercept
- 2 m
- From
- 105 m
- To
- 107 m
- Intercept Depth
- 105 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CAC007:105-107
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A sub-interval from the maiden aircore drilling at Cummins shows uranium mineralization, contributing to the understanding of the project's potential.
Positive factors
- New drill result from maiden aircore drilling
- Identified uranium intercepts
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Grade is weak to moderate for uranium
- Narrow intercept length
Evidence · text
“2m 136.2ppm U3O8 from 105m”
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
CAC025Cummins · uraniumGrade: 117.9Grade Unit: ppm U3O8Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- CAC025
- Project
- Cummins
- Commodity
- uranium
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- CR3
Geometry
- Grade
- 117.9
- Grade Unit
- ppm U3O8
- Intercept
- 1 m
- From
- 88 m
- To
- 89 m
- Intercept Depth
- 88 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CAC025:88-89
Location
- Location
- Central Zone
- Loc. Source
- document
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Maiden aircore drilling at Cummins identified uranium mineralization over a narrow interval, providing early geological information.
Positive factors
- New drill result from maiden aircore drilling
- Identified uranium intercepts
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the drilling program
- Grade is weak to moderate for uranium
- Narrow intercept length
Evidence · text
“1m at 117.9ppm U3O8 from 88m (CAC025)”
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
Fact 21Cummins · rare earth elementsGrade: 505Grade Unit: ppm TREOIntercept: 27 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Cummins
- Commodity
- rare earth elements
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- CR3
Geometry
- Grade
- 505
- Grade Unit
- ppm TREO
- Intercept
- 27 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: XRF analysis of Cummins drill samples revealed a broad zone of REE mineralization with moderate MREO enrichment, broadening the project's potential.
Positive factors
- New REE intercept from XRF analysis of drill samples
- Broad zone of REE mineralization
- Includes moderate MREO enrichment
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the XRF analysis
- No specific hole ID provided
Evidence · text
“27m @ 505ppm TREO (27% MREO)”
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
Fact 22Cummins · rare earth elementsGrade: 1230Grade Unit: ppm TREOIntercept: 4 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Cummins
- Commodity
- rare earth elements
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- CR3
Geometry
- Grade
- 1230
- Grade Unit
- ppm TREO
- Intercept
- 4 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A higher-grade sub-interval of REE mineralization with strong MREO enrichment was identified at Cummins, indicating localized enrichment.
Positive factors
- New REE intercept from XRF analysis of drill samples
- Higher-grade sub-interval
- Includes strong MREO enrichment
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the XRF analysis
- No specific hole ID provided
Evidence · text
“4m @ 1,230ppm TREO (31% MREO)”
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
Fact 23Cummins · rare earth elementsGrade: 402Grade Unit: ppm TREOIntercept: 18 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Cummins
- Commodity
- rare earth elements
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- CR3
Geometry
- Grade
- 402
- Grade Unit
- ppm TREO
- Intercept
- 18 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: XRF analysis of Cummins drill samples revealed another broad zone of REE mineralization with moderate MREO enrichment, further broadening the project's potential.
Positive factors
- New REE intercept from XRF analysis of drill samples
- Broad zone of REE mineralization
- Includes moderate MREO enrichment
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the XRF analysis
- No specific hole ID provided
Evidence · text
“18m @ 402ppm TREO (25% MREO)”
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
Fact 24Cummins · rare earth elementsGrade: 1044Grade Unit: ppm TREOIntercept: 2 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Cummins
- Commodity
- rare earth elements
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- CR3
Geometry
- Grade
- 1044
- Grade Unit
- ppm TREO
- Intercept
- 2 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: A higher-grade sub-interval of REE mineralization with strong MREO enrichment was identified at Cummins, indicating localized enrichment.
Positive factors
- New REE intercept from XRF analysis of drill samples
- Higher-grade sub-interval
- Includes strong MREO enrichment
Negative factors
- Apparent width only, true width not disclosed
- No QA/QC disclosure for the XRF analysis
- No specific hole ID provided
- Narrow intercept length
Evidence · text
“2m @ 1,044ppm TREO (35% MREO)”
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
Metallurgical Results (4)
leach testTunas REE Project · rare earth elementsRecovery: 38 %Head Grade: 951Head Grade Unit: ppmView all detailsHide details
Identity
- Project
- Tunas REE Project
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- Parana, Brazil
- Ticker
- CR3
Test Work
- Test Type
- leach test
- Processing Route
- leach testwork
- Sample
- Deeper sample group
Recovery
- Recovery
- 38 %
- Recovery Basis
- actual_test
- Head Grade
- 951
- Head Grade Unit
- ppm
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Preliminary leach testwork at Tunas shows low average TREO recovery, but confirms recoverability under mild leaching conditions, indicating early-stage metallurgical potential.
Positive factors
- Confirms recoverability of rare earth mineralization
Negative factors
- Low recovery percentage for TREO
- Preliminary bench-scale testwork only
- No QA/QC disclosure for testwork
Evidence · text
“Deeper sample group averaging 38% TREO recovery and 63% MREO recovery, with average recovered grades of approximately 951ppm TREO and 524ppm MREO.”
leach testTunas REE Project · magnetic rare earth oxidesRecovery: 63 %Head Grade: 524Head Grade Unit: ppmView all detailsHide details
Identity
- Project
- Tunas REE Project
- Commodity
- magnetic rare earth oxides
- Region
- brazil
- Reported Region
- Parana, Brazil
- Ticker
- CR3
Test Work
- Test Type
- leach test
- Processing Route
- leach testwork
- Sample
- Deeper sample group
Recovery
- Recovery
- 63 %
- Recovery Basis
- actual_test
- Head Grade
- 524
- Head Grade Unit
- ppm
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Preliminary leach testwork at Tunas shows moderate average MREO recovery, confirming recoverability and indicating early-stage metallurgical potential for this valuable component.
Positive factors
- Confirms recoverability of magnetic rare earth mineralization
Negative factors
- Low recovery percentage for MREO
- Preliminary bench-scale testwork only
- No QA/QC disclosure for testwork
Evidence · text
“Deeper sample group averaging 38% TREO recovery and 63% MREO recovery, with average recovered grades of approximately 951ppm TREO and 524ppm MREO.”
leach testTunas REE Project · rare earth elementsRecovery: 64 %View all detailsHide details
Identity
- Project
- Tunas REE Project
- Commodity
- rare earth elements
- Region
- brazil
- Reported Region
- Parana, Brazil
- Ticker
- CR3
Test Work
- Test Type
- leach test
- Processing Route
- leach testwork
- Sample
- Maximum calculated recovery
Recovery
- Recovery
- 64 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Maximum TREO recovery from preliminary leach testwork at Tunas is moderate, confirming recoverability but highlighting the need for further optimization.
Positive factors
- Confirms recoverability of rare earth mineralization
Negative factors
- Low maximum recovery percentage for TREO
- Preliminary bench-scale testwork only
- No QA/QC disclosure for testwork
Evidence · text
“Maximum calculated recoveries of 64% TREO and 104% MREO”
leach testTunas REE Project · magnetic rare earth oxidesRecovery: 104 %View all detailsHide details
Identity
- Project
- Tunas REE Project
- Commodity
- magnetic rare earth oxides
- Region
- brazil
- Reported Region
- Parana, Brazil
- Ticker
- CR3
Test Work
- Test Type
- leach test
- Processing Route
- leach testwork
- Sample
- Maximum calculated recovery (interpreted as analytical variability)
Recovery
- Recovery
- 104 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Maximum MREO recovery from preliminary leach testwork at Tunas is exceptionally high, confirming strong leachability for this valuable component, despite being attributed to analytical variability.
Positive factors
- High recovery percentage for MREO, indicating strong leachability
Negative factors
- Preliminary bench-scale testwork only
- No QA/QC disclosure for testwork
- Result above 100% attributed to analytical variability
Evidence · text
“Maximum calculated recoveries of 64% TREO and 104% MREO”
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.