Dokwe Project Feasibility Programme Update

Original announcement by lse on

Company
Ariana Resources plc
Ticker
AAU
Exchange
LSE
Region
Zimbabwe
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update, Metallurgy, Drill results
Extracted
2026-09-30 09:07:50 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Ariana Resources provides an update on its Feasibility Study for the Dokwe Gold Project in Zimbabwe, highlighting ongoing independent Mineral Resource Estimate work, initiated metallurgical testwork with Xinhai and IMO, and completed geotechnical drilling at Dokwe Central. The company is also advancing water bore drilling and planning further exploration and sterilisation drilling programs. The resource estimate presented in the document is a re-statement of a May 2026 estimate.

Reasoning: The announcement provides a comprehensive update on the Feasibility Study for the Dokwe Gold Project, detailing progress in resource estimation, metallurgical testwork, and geotechnical studies, which are crucial steps towards project development. While no new assay results or resource figures are presented, the advancement of the project is a positive signal.

Positive factors

  • Feasibility Study program advancing
  • Independent Mineral Resource Estimate underway
  • Metallurgical testwork initiated
  • Geotechnical drilling completed for pit design
  • Water bore drilling underway to secure supply
  • Future exploration and sterilisation drilling planned

Negative factors

  • No new drill assay results reported in this announcement
  • Resource estimate presented is a re-statement of a prior estimate, not a new one
  • No metallurgical test results available yet

Facts used in scoring: 15

Classification and evidence

JORC Compliantpositive

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

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

Evidence · text

“The Mineral Resource Estimate is reported in accordance with the JORC (2012) 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 information in this announcement is based on information compiled by Dr. Kerim Sener and Ms. Ruth Woodcock, who are Competent Persons as defined by the JORC Code.

Evidence · text

“The information in this announcement that relates to Exploration Results is based on information compiled by Dr. Kerim Sener BSc (Hons), MSc, PhD, Managing Director of Ariana Resources plc. ... The information in this announcement relating to the Mineral Resource Estimate at the Dokwe Gold Project is based on, and fairly represents, information and supporting documentation prepared by Ms. Ruth Woodcock, Exploration Group Leader, Ariana Resources plc.”

Cut-off Disclosedpositive

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

Why it applies: The Mineral Resource Estimate is reported using a cut-off grade of 0.2g/t Au.

Evidence · text

“using a cut-off grade of 0.2g/t Au”

Stale Estimatenegative

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

Why it applies: The Mineral Resource Estimate presented in Table 2 was announced on 26 May 2026, making it a re-statement of a prior estimate rather than a new one.

Evidence · text

“The Dokwe Mineral Resource Estimate (as announced 26 May 2026)”

Resource Updateneutral

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

Why it applies: The document provides an update on the Feasibility Study program, including the ongoing independent Mineral Resource Estimate process.

Evidence · text

“Independent Mineral Resource Estimate underway”

QA/QC Disclosedpositive

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

Why it applies: The JORC Table 1 details extensive QA/QC procedures including blanks, CRMs, duplicates, and external laboratory checks, with laboratories being SADCAS accredited.

Evidence · text

“Antech Laboratories and Performance Laboratories are both SADCAS accredited (ISO/IEC 17025:2017).”

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: Metallurgical testwork is 'underway' with 'composites prepared' and 'bulk composites will be tested', implying early-stage bench-scale work rather than pilot plant operations.

Evidence · text

“Metallurgical testwork underway with Xinhai and IMO, in China and Australia respectively. ... Eight tonnes of metallurgical samples arrived at Xinhai’s laboratory in Yantai, China ... where 28 composites have been prepared ... Three bulk composites will be tested in Yantai, with the remaining ‘mine schedule’ composites and variability composites to be shipped to Perth, Western Australia, where they will be analysed further.”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: The metallurgical testwork involves '28 composites' and 'variability composites', suggesting an intent to test different ore domains.

Evidence · text

“where 28 composites have been prepared ... with the remaining ‘mine schedule’ composites and variability composites to be shipped to Perth, Western Australia”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The JORC Table 1 states that 'Downhole true widths are not calculated' for drill holes.

Evidence · text

“Downhole true widths are not calculated. All significant grades presented represent the value attributable to the real sample length and not corrected true width.”

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 flotation route ("concentrate")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("DMS")

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: 15. Some facts used in scoring do not have a stored record.

Drill Results (6)

DPD133Dokwe CentralHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
DPD133
Project
Dokwe Central
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AAU

Geometry

Hole Depth
250 m

Classification

Sample Type
drill

Location

Location
Dokwe Central
Easting
575097
Northing
7787953
CRS
UTM Zone 35S WGS84
Elevation
1157 m
Azimuth
325 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Performance Laboratories, Antech Laboratories, SGS Lakefield Research Africa, Intertek Genalysis Laboratories, ALS Global
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

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

Reasoning: Geotechnical drilling has been completed for DPD133 at Dokwe Central, providing data for pit design, but no assay results are available as it is a geotechnical hole.

Positive factors

  • Geotechnical drilling completed to inform pit design
  • Collar coordinates and drill parameters provided
  • QA/QC procedures disclosed

Negative factors

  • No assay results reported (geotechnical hole)

Evidence · table

“DPD133”

Context: 575097

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

DPD134Dokwe CentralView all details
Link to this fact

Identity

Hole ID
DPD134
Project
Dokwe Central
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AAU

Geometry

Hole Depth
250 m

Classification

Sample Type
drill

Location

Location
Dokwe Central
Easting
574873
Northing
7787931
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
40 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Performance Laboratories, Antech Laboratories, SGS Lakefield Research Africa, Intertek Genalysis Laboratories, ALS Global
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Geotechnical drilling has been completed for DPD134 at Dokwe Central, providing data for pit design, but no assay results are available as it is a geotechnical hole.

Positive factors

  • Geotechnical drilling completed to inform pit design
  • Collar coordinates and drill parameters provided
  • QA/QC procedures disclosed

Negative factors

  • No assay results reported (geotechnical hole)

Evidence · table

“DPD134”

Context: 574873

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

DPD135Dokwe CentralView all details
Link to this fact

Identity

Hole ID
DPD135
Project
Dokwe Central
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AAU

Geometry

Hole Depth
250 m

Classification

Sample Type
drill

Location

Location
Dokwe Central
Easting
574838
Northing
7788177
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
110 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Performance Laboratories, Antech Laboratories, SGS Lakefield Research Africa, Intertek Genalysis Laboratories, ALS Global
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Geotechnical drilling has been completed for DPD135 at Dokwe Central, providing data for pit design, but no assay results are available as it is a geotechnical hole.

Positive factors

  • Geotechnical drilling completed to inform pit design
  • Collar coordinates and drill parameters provided
  • QA/QC procedures disclosed

Negative factors

  • No assay results reported (geotechnical hole)

Evidence · table

“DPD135”

Context: 574838

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

DPD136Dokwe CentralView all details
Link to this fact

Identity

Hole ID
DPD136
Project
Dokwe Central
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AAU

Geometry

Hole Depth
250 m

Classification

Sample Type
drill

Location

Location
Dokwe Central
Easting
575041
Northing
7788269
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
190 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Performance Laboratories, Antech Laboratories, SGS Lakefield Research Africa, Intertek Genalysis Laboratories, ALS Global
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Geotechnical drilling has been completed for DPD136 at Dokwe Central, providing data for pit design, but no assay results are available as it is a geotechnical hole.

Positive factors

  • Geotechnical drilling completed to inform pit design
  • Collar coordinates and drill parameters provided
  • QA/QC procedures disclosed

Negative factors

  • No assay results reported (geotechnical hole)

Evidence · table

“DPD136”

Context: 575041

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

DPD137Dokwe CentralView all details
Link to this fact

Identity

Hole ID
DPD137
Project
Dokwe Central
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AAU

Geometry

Hole Depth
72.3 m

Classification

Sample Type
drill

Location

Location
Dokwe Central
Easting
575165
Northing
7788086
CRS
UTM Zone 35S WGS84
Elevation
1156 m
Azimuth
295 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Performance Laboratories, Antech Laboratories, SGS Lakefield Research Africa, Intertek Genalysis Laboratories, ALS Global
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Geotechnical drilling has been completed for DPD137 at Dokwe Central, providing data for pit design, but no assay results are available as it is a geotechnical hole.

Positive factors

  • Geotechnical drilling completed to inform pit design
  • Collar coordinates and drill parameters provided
  • QA/QC procedures disclosed

Negative factors

  • No assay results reported (geotechnical hole)

Evidence · table

“DPD137”

Context: 575165

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

DPD151Dokwe CentralView all details
Link to this fact

Identity

Hole ID
DPD151
Project
Dokwe Central
Region
zimbabwe
Reported Region
zimbabwe
Ticker
AAU

Geometry

Hole Depth
178.9 m

Classification

Sample Type
drill

Location

Location
Dokwe Central
Easting
575175
Northing
7788067
CRS
UTM Zone 35S WGS84
Elevation
1157 m
Azimuth
300 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Performance Laboratories, Antech Laboratories, SGS Lakefield Research Africa, Intertek Genalysis Laboratories, ALS Global
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: Geotechnical drilling has been completed for DPD151 at Dokwe Central, providing data for pit design, but no assay results are available as it is a geotechnical hole.

Positive factors

  • Geotechnical drilling completed to inform pit design
  • Collar coordinates and drill parameters provided
  • QA/QC procedures disclosed

Negative factors

  • No assay results reported (geotechnical hole)

Evidence · table

“DPD151”

Context: 575175

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Resource Estimates (8)

measuredDokwe Gold Project · goldTonnes: 21055000Grade: 0.92Grade Unit: g/tContained Metal: 621500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:2860a6ecf1b1051e5122
Deposit or zone
Dokwe North

Resource Data

Category
measured
Tonnes
21055000
Grade
0.92
Grade Unit
g/t
Contained Metal
621500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of a previously announced Measured resource for Dokwe North, providing no new information but confirming the existing estimate's details.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)

Evidence · table

“21,055”

Context: Measured

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

indicatedDokwe Gold Project · goldTonnes: 27224000Grade: 0.71Grade Unit: g/tContained Metal: 617400Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:ef742dc4617814959d8c
Deposit or zone
Dokwe North

Resource Data

Category
indicated
Tonnes
27224000
Grade
0.71
Grade Unit
g/t
Contained Metal
617400
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of a previously announced Indicated resource for Dokwe North, providing no new information but confirming the existing estimate's details.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)

Evidence · table

“27,224”

Context: Indicated

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

inferredDokwe Gold Project · goldTonnes: 11963000Grade: 0.67Grade Unit: g/tContained Metal: 258500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:8eb6a873299352552936
Deposit or zone
Dokwe North

Resource Data

Category
inferred
Tonnes
11963000
Grade
0.67
Grade Unit
g/t
Contained Metal
258500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of a previously announced Inferred resource for Dokwe North, providing no new information and representing a lower confidence category.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)
  • Inferred resource category has lower confidence

Evidence · table

“11,963”

Context: Inferred

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

indicatedDokwe Gold Project · goldTonnes: 2107000Grade: 1.39Grade Unit: g/tContained Metal: 94300Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:16a9d48765694721d543
Deposit or zone
Dokwe Central

Resource Data

Category
indicated
Tonnes
2107000
Grade
1.39
Grade Unit
g/t
Contained Metal
94300
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of a previously announced Indicated resource for Dokwe Central, providing no new information but confirming the existing estimate's details.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)

Evidence · table

“2,107”

Context: Indicated

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

inferredDokwe Gold Project · goldTonnes: 117000Grade: 1.66Grade Unit: g/tContained Metal: 6200Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:7c5fc59f7689d45d945b
Deposit or zone
Dokwe Central

Resource Data

Category
inferred
Tonnes
117000
Grade
1.66
Grade Unit
g/t
Contained Metal
6200
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of a previously announced Inferred resource for Dokwe Central, providing no new information and representing a lower confidence category.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)
  • Inferred resource category has lower confidence

Evidence · table

“117”

Context: Inferred

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

measuredDokwe Gold Project · goldTonnes: 21055000Grade: 0.92Grade Unit: g/tContained Metal: 621500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
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Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:62455b82a8e9030c4244
Deposit or zone
Total

Resource Data

Category
measured
Tonnes
21055000
Grade
0.92
Grade Unit
g/t
Contained Metal
621500
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of the total Measured resource for the Dokwe Gold Project, providing no new information but confirming the existing estimate's details.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)

Evidence · table

“21,055”

Context: Total

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

indicatedDokwe Gold Project · goldTonnes: 29331000Grade: 0.75Grade Unit: g/tContained Metal: 711700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
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Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:1298c78412d8b4eeac2d
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
29331000
Grade
0.75
Grade Unit
g/t
Contained Metal
711700
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of the total Indicated resource for the Dokwe Gold Project, providing no new information but confirming the existing estimate's details.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)

Evidence · table

“29,331”

Context: Total

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

inferredDokwe Gold Project · goldTonnes: 12080000Grade: 0.68Grade Unit: g/tContained Metal: 264700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
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Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr. Kerim Sener, Ms. Ruth Woodcock
Resource group id
resource:267f17bfc9b3d069967a
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
12080000
Grade
0.68
Grade Unit
g/t
Contained Metal
264700
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-26

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-05-26T00:00:00.000Z

Dates

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

Reasoning: This is a re-statement of the total Inferred resource for the Dokwe Gold Project, providing no new information and representing a lower confidence category.

Positive factors

  • JORC compliant
  • QP/CP signed
  • Cut-off grade disclosed

Negative factors

  • Stale estimate (re-statement of prior MRE)
  • Inferred resource category has lower confidence

Evidence · table

“12,080”

Context: Total

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

Metallurgical Results (1)

unspecifiedDokwe Gold Project · goldView all details
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Identity

Project
Dokwe Gold Project
Commodity
gold
Region
zimbabwe
Reported Region
Zimbabwe
Ticker
AAU

Test Work

Program Status
detailed
Test Type
unspecified
Sample
Eight tonnes of metallurgical samples arrived at Xinhai’s laboratory in Yantai, China, where 28 composites have been prepared

Lab

Laboratory
Xinhai and IMO
Consultant
Independent Metallurgical Operations Pty. Ltd.

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Metallurgical testwork has commenced with multiple composites at two laboratories, indicating progress towards the Feasibility Study, though no results are yet available.

Positive factors

  • Metallurgical testwork initiated for Feasibility Study
  • Multiple composites prepared for variability testing
  • Two laboratories involved for comprehensive analysis

Negative factors

  • No metallurgical results reported yet
  • Test scale not explicitly stated beyond 'composites prepared'

Evidence · text

“Eight tonnes of metallurgical samples arrived at Xinhai’s laboratory in Yantai, China (Figure 4), where 28 composites have been prepared under the auspices of Ariana’s consultants, Independent Metallurgical Operations Pty. Ltd. in Perth, Australia.”

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.