DRE: $180,000 EIS RC Drilling Grant for Nina Tungsten, Mangaroon

Original announcement by asx on

Company
Dreadnought Resources Ltd
Ticker
DRE
Exchange
ASX
Region
Western Australia
Primary commodity
Tungsten
Secondary commodities
Gold, Rare earth elements, Niobium, Phosphate, Titanium, Scandium
Document categories
Other, Resource update, Drill results
Extracted
2026-10-20 22:44:15 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Dreadnought Resources Ltd has been awarded a A$180,000 co-funded grant under the Exploration Incentive Scheme for first-pass RC drilling at its Nina Tungsten target within the Mangaroon Project in Western Australia. This grant will support discovery-focused drilling for gold and tungsten, which is expected to commence in April/May 2027. The funding de-risks initial exploration at the technically meritorious Nina Tungsten target, building on previously reported high-grade rock chip results.

Reasoning: The company received a A$180,000 co-funded grant for first-pass RC drilling at the Nina Tungsten target, de-risking initial exploration.

Positive factors

  • grant_received
  • exploration_funding
  • de_risked_exploration

Negative factors

  • drilling_in_future

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 63

Classification and evidence

EIS Grant Receivedpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: Dreadnought has been awarded a co-funded RC drilling grant under the merit-based Exploration Incentive Scheme (“EIS”) for Mangaroon.

Evidence · text

“Dreadnought is pleased to advise that it has been awarded a co-funded RC drilling grant under the merit-based Exploration Incentive Scheme (“EIS”) for Mangaroon.”

Future Drilling Plannedneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: Gold and tungsten discovery focused RC drilling at Mangaroon, including Nina Tungsten, is expected to commence in April/May 2027.

Evidence · text

“Gold and tungsten discovery focused RC drilling at Mangaroon, including Nina Tungsten, is expected to commence in April/May 2027.”

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The rock chip results are from August 2026, but the current announcement is October 2026, indicating a re-release of previously reported data.

Evidence · text

“Significant historic rock chips at Nina include (ASX: 17 Aug 2026)”

JORC Compliantpositive

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

Why it applies: The information in this announcement that relates to the Star of Mangaroon, Orion and Metzke’s Find Mineral Resource is based on information compiled by Mr. Shaun Searle, a Competent Person who is a Member of the Australian Institute of Geoscientists.

Evidence · text

“The information in this announcement that relates to the Star of Mangaroon, Orion and Metzke’s Find Mineral Resource is based on information compiled by Mr. Shaun Searle, a Competent Person who is a Member of the Australian Institute of Geoscientists.”

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: Mr. Shaun Searle, a Competent Person who is a Member of the Australian Institute of Geoscientists, is responsible for the Mineral Resource estimates.

Evidence · text

“Mr. Shaun Searle, a Competent Person who is a Member of the Australian Institute of Geoscientists.”

Historical Estimate Onlynegative

Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: These resource estimates are presented as background information from previous ASX announcements, not as new updates.

Evidence · text

“Star of Mangaroon — Indicated and Inferred Resources (ASX 27 November 2024)”

Stale Estimatenegative

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

Why it applies: The effective date for the Yin Ironstone Complex (2023-11-30) and Gifford Creek Carbonatite (2023-08-28) resource estimates is more than 2 years old.

Evidence · text

“Yin Ironstone Complex — Yin, Yin South, Y2, Sabre Measured, Indicated and Inferred Resources (ASX 30 November 2023)”

Extracted facts

Stored fact records: 62. Some facts used in scoring do not have a stored record.

Drill Results (12)

Fact 1Nina · tungstenGrade: 12.7Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
12.7
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“9926: 12.7% WO3”

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

Fact 2Nina · tungstenGrade: 6.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
6.8
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“9833: 6.8% WO3”

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

Fact 3Nina · tungstenGrade: 1.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
1.9
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“9801: 1.9% WO3”

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

Fact 4Nina · tungstenGrade: 1.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
1.8
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“9933: 1.8% WO3”

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

Fact 5Nina · tungstenGrade: 4.8Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
4.8
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“9929: 4.8% WO3”

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

Fact 6Nina · tungstenGrade: 3.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
3.3
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“W702: 3.3% WO3”

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

Fact 7Nina · tungstenGrade: 1.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
1.9
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“W706: 1.9% WO3”

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

Fact 8Nina · tungstenGrade: 1.6Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
1.6
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“9838: 1.6% WO3”

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

Fact 9Nina · tungstenGrade: 6.5Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
6.5
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“NIRK002: 6.5% WO3”

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

Fact 10Nina · tungstenGrade: 3.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
3.3
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“NIRK003: 3.3% WO3”

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

Fact 11Nina · tungstenGrade: 2.4Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
2.4
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“NIRK011: 2.4% WO3”

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

Fact 12Nina · tungstenGrade: 1.4Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Nina
Commodity
tungsten
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
1.4
Grade Unit
%

Classification

Program
exploration
Sample Type
surface

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-17T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: High-grade tungsten rock chip results confirm the prospectivity of the Nina Tungsten target, though these are historical surface samples.

Positive factors

  • high_grade_surface_sample

Negative factors

  • stale_data_re_release
  • surface_sample_only

Evidence · text

“NIRK009: 1.4% WO3”

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

Resource Estimates (50)

indicatedStar of Mangaroon · goldTonnes: 8300Grade: 1Grade Unit: g/tContained Metal: 300Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:562abd92ea1a7f8cd23f
Deposit or zone
Surface

Resource Data

Category
indicated
Tonnes
8300
Grade
1
Grade Unit
g/t
Contained Metal
300
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“1.0”

Context: 8,300

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

measuredStar of Mangaroon · goldTonnes: 6300Grade: 24.9Grade Unit: g/tContained Metal: 5100Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:82c7c47319fd8db1ce45
Deposit or zone
Transition

Resource Data

Category
measured
Tonnes
6300
Grade
24.9
Grade Unit
g/t
Contained Metal
5100
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“24.9”

Context: 6,300

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

indicatedStar of Mangaroon · goldTonnes: 3300Grade: 6.5Grade Unit: g/tContained Metal: 700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:be40a5a3d21faeaf1e06
Deposit or zone
Transition

Resource Data

Category
indicated
Tonnes
3300
Grade
6.5
Grade Unit
g/t
Contained Metal
700
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“6.5”

Context: 3,300

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

measuredStar of Mangaroon · goldTonnes: 33200Grade: 13.5Grade Unit: g/tContained Metal: 14400Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:ecbd5853a2b282782426
Deposit or zone
Fresh

Resource Data

Category
measured
Tonnes
33200
Grade
13.5
Grade Unit
g/t
Contained Metal
14400
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“13.5”

Context: 33,200

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

indicatedStar of Mangaroon · goldTonnes: 23500Grade: 8.5Grade Unit: g/tContained Metal: 6400Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:7bc0f7710813eda178ba
Deposit or zone
Fresh

Resource Data

Category
indicated
Tonnes
23500
Grade
8.5
Grade Unit
g/t
Contained Metal
6400
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“8.5”

Context: 23,500

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

inferredStar of Mangaroon · goldTonnes: 1000Grade: 5.1Grade Unit: g/tContained Metal: 200Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:505cdb6d548f9bf3e84a
Deposit or zone
Fresh

Resource Data

Category
inferred
Tonnes
1000
Grade
5.1
Grade Unit
g/t
Contained Metal
200
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“5.1”

Context: 1,000

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

measuredStar of Mangaroon · goldTonnes: 39500Grade: 15.3Grade Unit: g/tContained Metal: 19400Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:90f4650ae65392b66e37
Deposit or zone
Total

Resource Data

Category
measured
Tonnes
39500
Grade
15.3
Grade Unit
g/t
Contained Metal
19400
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“15.3”

Context: 39,500

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

indicatedStar of Mangaroon · goldTonnes: 26800Grade: 8.2Grade Unit: g/tContained Metal: 7100Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:d48a75f2a85ddae5ad68
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
26800
Grade
8.2
Grade Unit
g/t
Contained Metal
7100
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“8.2”

Context: 26,800

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

inferredStar of Mangaroon · goldTonnes: 9300Grade: 1.4Grade Unit: g/tContained Metal: 400Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Star of Mangaroon
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:35cba4e06136e23b2cdd
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
9300
Grade
1.4
Grade Unit
g/t
Contained Metal
400
Contained Unit
oz
Cutoff Grade
2
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-11-27

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-27T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“1.4”

Context: 9,300

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

indicatedMetzke’s Find · goldTonnes: 500Grade: 3Grade Unit: g/tContained Metal: 50Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:422dd1b241aab9d820f6
Deposit or zone
Oxide

Resource Data

Category
indicated
Tonnes
500
Grade
3
Grade Unit
g/t
Contained Metal
50
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“3.0”

Context: 500

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

inferredMetzke’s Find · goldTonnes: 2500Grade: 1.5Grade Unit: g/tContained Metal: 120Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:bb2ff1d1c7be64cca909
Deposit or zone
Oxide

Resource Data

Category
inferred
Tonnes
2500
Grade
1.5
Grade Unit
g/t
Contained Metal
120
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“1.5”

Context: 2,500

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

inferredMetzke’s Find · goldTonnes: 3000Grade: 1.7Grade Unit: g/tContained Metal: 170Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:0985ffd760971512c231
Deposit or zone
Oxide

Resource Data

Category
inferred
Tonnes
3000
Grade
1.7
Grade Unit
g/t
Contained Metal
170
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“1.7”

Context: 3,000

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

indicatedMetzke’s Find · goldTonnes: 4200Grade: 4.7Grade Unit: g/tContained Metal: 600Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:09812b3101d36d9cb006
Deposit or zone
Transition

Resource Data

Category
indicated
Tonnes
4200
Grade
4.7
Grade Unit
g/t
Contained Metal
600
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“4.7”

Context: 4,200

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

inferredMetzke’s Find · goldTonnes: 8700Grade: 1.7Grade Unit: g/tContained Metal: 500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:38bf686f227692df8300
Deposit or zone
Transition

Resource Data

Category
inferred
Tonnes
8700
Grade
1.7
Grade Unit
g/t
Contained Metal
500
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“1.7”

Context: 8,700

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

inferredMetzke’s Find · goldTonnes: 13000Grade: 2.7Grade Unit: g/tContained Metal: 1100Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:26722ea7d28632705d34
Deposit or zone
Transition

Resource Data

Category
inferred
Tonnes
13000
Grade
2.7
Grade Unit
g/t
Contained Metal
1100
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“2.7”

Context: 13,000

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

indicatedMetzke’s Find · goldTonnes: 102100Grade: 6.1Grade Unit: g/tContained Metal: 20100Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:5ad12f6fcb91c68aa29f
Deposit or zone
Fresh

Resource Data

Category
indicated
Tonnes
102100
Grade
6.1
Grade Unit
g/t
Contained Metal
20100
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“6.1”

Context: 102,100

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

inferredMetzke’s Find · goldTonnes: 32000Grade: 3.5Grade Unit: g/tContained Metal: 3600Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:d96d29c2157b316e6797
Deposit or zone
Fresh

Resource Data

Category
inferred
Tonnes
32000
Grade
3.5
Grade Unit
g/t
Contained Metal
3600
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“3.5”

Context: 32,000

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

inferredMetzke’s Find · goldTonnes: 134000Grade: 5.5Grade Unit: g/tContained Metal: 23600Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:417ef32339db31ad089b
Deposit or zone
Fresh

Resource Data

Category
inferred
Tonnes
134000
Grade
5.5
Grade Unit
g/t
Contained Metal
23600
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“5.5”

Context: 134,000

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

indicatedMetzke’s Find · goldTonnes: 106800Grade: 6Grade Unit: g/tContained Metal: 20800Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:24730d788481c2323939
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
106800
Grade
6
Grade Unit
g/t
Contained Metal
20800
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“6.0”

Context: 106,800

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

inferredMetzke’s Find · goldTonnes: 43300Grade: 3Grade Unit: g/tContained Metal: 4200Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:8925a8c4b6fa77c416ef
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
43300
Grade
3
Grade Unit
g/t
Contained Metal
4200
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“3.0”

Context: 43,300

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

inferredMetzke’s Find · goldTonnes: 150100Grade: 5.2Grade Unit: g/tContained Metal: 24900Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Metzke’s Find
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:33cca5db26a65544475f
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
150100
Grade
5.2
Grade Unit
g/t
Contained Metal
24900
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-06-23

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-06-23T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Evidence · table

“5.2”

Context: 150,100

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

measuredYin Ironstone Complex · rare earth elementsTonnes: 2470000Grade: 1.61Grade Unit: %Contained Metal: 39.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:7c1f0407ca1680c54896
Deposit or zone
Oxide

Resource Data

Category
measured
Tonnes
2470000
Grade
1.61
Grade Unit
%
Contained Metal
39.7
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.61”

Context: 2.47

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

indicatedYin Ironstone Complex · rare earth elementsTonnes: 13460000Grade: 1.06Grade Unit: %Contained Metal: 142.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:5a9bdedd878a184b1084
Deposit or zone
Oxide

Resource Data

Category
indicated
Tonnes
13460000
Grade
1.06
Grade Unit
%
Contained Metal
142.6
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.06”

Context: 13.46

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 1510000Grade: 0.75Grade Unit: %Contained Metal: 11.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:ce6425fcadcc14e3be41
Deposit or zone
Oxide

Resource Data

Category
inferred
Tonnes
1510000
Grade
0.75
Grade Unit
%
Contained Metal
11.2
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“0.75”

Context: 1.51

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 17440000Grade: 1.11Grade Unit: %Contained Metal: 193.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:987a80972ec682ae7a68
Deposit or zone
Oxide

Resource Data

Category
inferred
Tonnes
17440000
Grade
1.11
Grade Unit
%
Contained Metal
193.6
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.11”

Context: 17.44

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

measuredYin Ironstone Complex · rare earth elementsTonnes: 2700000Grade: 1.09Grade Unit: %Contained Metal: 29.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:10bd38332f8bd9b267cb
Deposit or zone
Fresh

Resource Data

Category
measured
Tonnes
2700000
Grade
1.09
Grade Unit
%
Contained Metal
29.5
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.09”

Context: 2.70

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

indicatedYin Ironstone Complex · rare earth elementsTonnes: 7670000Grade: 0.95Grade Unit: %Contained Metal: 72.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:6a718f780cbf3d40e745
Deposit or zone
Fresh

Resource Data

Category
indicated
Tonnes
7670000
Grade
0.95
Grade Unit
%
Contained Metal
72.8
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“0.95”

Context: 7.67

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 2170000Grade: 0.75Grade Unit: %Contained Metal: 16.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:5760619c7b8f1ba547f0
Deposit or zone
Fresh

Resource Data

Category
inferred
Tonnes
2170000
Grade
0.75
Grade Unit
%
Contained Metal
16.3
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“0.75”

Context: 2.17

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 12540000Grade: 0.95Grade Unit: %Contained Metal: 118.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:186e9a968ee2614f7977
Deposit or zone
Fresh

Resource Data

Category
inferred
Tonnes
12540000
Grade
0.95
Grade Unit
%
Contained Metal
118.7
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“0.95”

Context: 12.54

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

measuredYin Ironstone Complex · rare earth elementsTonnes: 5170000Grade: 1.34Grade Unit: %Contained Metal: 69.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:084f9c2e866135292a50
Deposit or zone
Total

Resource Data

Category
measured
Tonnes
5170000
Grade
1.34
Grade Unit
%
Contained Metal
69.3
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.34”

Context: 5.17

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

indicatedYin Ironstone Complex · rare earth elementsTonnes: 21130000Grade: 1.02Grade Unit: %Contained Metal: 215.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:a4a9546f4a5725fdc731
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
21130000
Grade
1.02
Grade Unit
%
Contained Metal
215.4
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.02”

Context: 21.13

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 3680000Grade: 0.75Grade Unit: %Contained Metal: 27.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:f3044bd9c850fea4efe0
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
3680000
Grade
0.75
Grade Unit
%
Contained Metal
27.6
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“0.75”

Context: 3.68

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 29980000Grade: 1.04Grade Unit: %Contained Metal: 312.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:8d256ba38ced3be8ca00
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
29980000
Grade
1.04
Grade Unit
%
Contained Metal
312.3
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.04”

Context: 29.98

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

measuredYin Ironstone Complex · rare earth elementsTonnes: 1600000Grade: 2.22Grade Unit: %Contained Metal: 35.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:6418fec08fea0dc9c1f0
Deposit or zone
Oxide

Resource Data

Category
measured
Tonnes
1600000
Grade
2.22
Grade Unit
%
Contained Metal
35.6
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“2.22”

Context: 1.60

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

indicatedYin Ironstone Complex · rare earth elementsTonnes: 5340000Grade: 1.99Grade Unit: %Contained Metal: 106.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:ade6f8fd3a54898f29b8
Deposit or zone
Oxide

Resource Data

Category
indicated
Tonnes
5340000
Grade
1.99
Grade Unit
%
Contained Metal
106.4
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.99”

Context: 5.34

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 260000Grade: 1.67Grade Unit: %Contained Metal: 4.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:b6a5ec6bc08a9dfd1cd5
Deposit or zone
Oxide

Resource Data

Category
inferred
Tonnes
260000
Grade
1.67
Grade Unit
%
Contained Metal
4.3
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.67”

Context: 0.26

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 7200000Grade: 2.03Grade Unit: %Contained Metal: 146.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:9b267d7f81c98071f814
Deposit or zone
Oxide

Resource Data

Category
inferred
Tonnes
7200000
Grade
2.03
Grade Unit
%
Contained Metal
146.3
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“2.03”

Context: 7.20

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

measuredYin Ironstone Complex · rare earth elementsTonnes: 1360000Grade: 1.68Grade Unit: %Contained Metal: 22.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:7b40900211710897211f
Deposit or zone
Fresh

Resource Data

Category
measured
Tonnes
1360000
Grade
1.68
Grade Unit
%
Contained Metal
22.8
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.68”

Context: 1.36

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

indicatedYin Ironstone Complex · rare earth elementsTonnes: 2650000Grade: 1.81Grade Unit: %Contained Metal: 47.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:6987334a51c82eab646d
Deposit or zone
Fresh

Resource Data

Category
indicated
Tonnes
2650000
Grade
1.81
Grade Unit
%
Contained Metal
47.9
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.81”

Context: 2.65

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 420000Grade: 1.72Grade Unit: %Contained Metal: 7.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:3cfc353ee28927d631e6
Deposit or zone
Fresh

Resource Data

Category
inferred
Tonnes
420000
Grade
1.72
Grade Unit
%
Contained Metal
7.3
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.72”

Context: 0.42

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 4430000Grade: 1.76Grade Unit: %Contained Metal: 78Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:fa7cf20cd5ac2f109c25
Deposit or zone
Fresh

Resource Data

Category
inferred
Tonnes
4430000
Grade
1.76
Grade Unit
%
Contained Metal
78
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.76”

Context: 4.43

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

measuredYin Ironstone Complex · rare earth elementsTonnes: 2960000Grade: 1.97Grade Unit: %Contained Metal: 58.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:3d6a221d3dcd0a7619c1
Deposit or zone
Total

Resource Data

Category
measured
Tonnes
2960000
Grade
1.97
Grade Unit
%
Contained Metal
58.4
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.97”

Context: 2.96

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

indicatedYin Ironstone Complex · rare earth elementsTonnes: 7990000Grade: 1.93Grade Unit: %Contained Metal: 154.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:db1a4579c0f4f7d34728
Deposit or zone
Total

Resource Data

Category
indicated
Tonnes
7990000
Grade
1.93
Grade Unit
%
Contained Metal
154.3
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.93”

Context: 7.99

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 680000Grade: 1.7Grade Unit: %Contained Metal: 11.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:2508e41ff08d254da959
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
680000
Grade
1.7
Grade Unit
%
Contained Metal
11.6
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.70”

Context: 0.68

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredYin Ironstone Complex · rare earth elementsTonnes: 11630000Grade: 1.93Grade Unit: %Contained Metal: 224.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Yin Ironstone Complex
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:4b195b45564409e53aac
Deposit or zone
Total

Resource Data

Category
inferred
Tonnes
11630000
Grade
1.93
Grade Unit
%
Contained Metal
224.3
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% TREO

Prior Estimate

Resource Date
2023-11-30

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-11-30T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.93”

Context: 11.63

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

Stale Estimatenegative

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

Why it applies: effective date is 2.9 years before this release

inferredGifford Creek Carbonatite · rare earth elementsTonnes: 10840000Grade: 1Grade Unit: %Contained Metal: 108000Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Gifford Creek Carbonatite
Commodity
rare earth elements
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:dacae808cf92f0b5fe62

Resource Data

Category
inferred
Tonnes
10840000
Grade
1
Grade Unit
%
Contained Metal
108000
Contained Unit
t
Cutoff Grade
0.7
Cutoff Unit
%TREO

Prior Estimate

Resource Date
2023-08-28

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-08-28T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“1.00”

Context: 10.84

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

Stale Estimatenegative

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

Why it applies: effective date is 3.1 years before this release

inferredGifford Creek Carbonatite · niobiumTonnes: 10840000Grade: 0.22Grade Unit: %Contained Metal: 23700Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Gifford Creek Carbonatite
Commodity
niobium
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:dacae808cf92f0b5fe62

Resource Data

Category
inferred
Tonnes
10840000
Grade
0.22
Grade Unit
%
Contained Metal
23700
Contained Unit
t
Cutoff Grade
0.7
Cutoff Unit
%TREO

Prior Estimate

Resource Date
2023-08-28

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-08-28T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“0.22”

Context: 10.84

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

Stale Estimatenegative

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

Why it applies: effective date is 3.1 years before this release

inferredGifford Creek Carbonatite · phosphateTonnes: 10840000Grade: 3.5Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Gifford Creek Carbonatite
Commodity
phosphate
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:dacae808cf92f0b5fe62

Resource Data

Category
inferred
Tonnes
10840000
Grade
3.5
Grade Unit
%
Cutoff Grade
0.7
Cutoff Unit
%TREO

Prior Estimate

Resource Date
2023-08-28

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-08-28T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“3.5”

Context: 10.84

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

Stale Estimatenegative

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

Why it applies: effective date is 3.1 years before this release

inferredGifford Creek Carbonatite · titaniumTonnes: 10840000Grade: 4.9Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Gifford Creek Carbonatite
Commodity
titanium
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:dacae808cf92f0b5fe62

Resource Data

Category
inferred
Tonnes
10840000
Grade
4.9
Grade Unit
%
Cutoff Grade
0.7
Cutoff Unit
%TREO

Prior Estimate

Resource Date
2023-08-28

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-08-28T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“4.9”

Context: 10.84

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

Stale Estimatenegative

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

Why it applies: effective date is 3.1 years before this release

inferredGifford Creek Carbonatite · scandiumTonnes: 10840000Grade: 85Grade Unit: ppmHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Gifford Creek Carbonatite
Commodity
scandium
Region
australia_wa
Reported Region
Western Australia
Ticker
DRE

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Shaun Searle
Resource group id
resource:dacae808cf92f0b5fe62

Resource Data

Category
inferred
Tonnes
10840000
Grade
85
Grade Unit
ppm
Cutoff Grade
0.7
Cutoff Unit
%TREO

Prior Estimate

Resource Date
2023-08-28

Location

Loc. Confidence
medium

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-08-28T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical JORC-compliant resource estimate for the project, providing background context.

Positive factors

  • jorc_compliant
  • qp_signed

Negative factors

  • stale_estimate

Evidence · table

“85”

Context: 10.84

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

Stale Estimatenegative

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

Why it applies: effective date is 3.1 years before this release

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.