DRE: Shallow High-Grade Gold from Metzkes North, Illaara

Original announcement by asx on

Company
Dreadnought Resources Ltd
Ticker
DRE
Exchange
ASX
Region
Western Australia
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results
Extracted
2026-10-05 22:24:31 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Dreadnought Resources Ltd announced high-grade gold drill results from its Metzke's North prospect, part of the Illaara Gold Project in Western Australia. The RC drilling program intersected significant mineralization, including 7m at 8.6 g/t gold from 8m, with a higher-grade section of 1m at 57.1 g/t gold. These results represent a new discovery, extending mineralization beyond a previously interpreted geological boundary, and are intended to support an upgrade and extension of the current resource.

Reasoning: The RC drilling program at Metzke's North yielded exceptional high-grade gold intercepts, including 1m at 57.1 g/t gold from a shallow depth of 8m, representing a new discovery and extending mineralization beyond a previously interpreted geological boundary. These results are intended to support an upgrade and extension of the existing resource, although true widths are estimated.

Positive factors

  • bonanza_intercept
  • high_grade_intercept
  • shallow_mineralization
  • new_discovery
  • step_out_extension
  • qaqc_disclosed
  • compositing_transparent

Negative factors

  • apparent_width_only
  • assays_pending_for_diamond_drilling

Facts used in scoring: 14

Classification and evidence

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept of 1m @ 57.1 g/t Au from 8m in MZRC174 significantly exceeds the exceptional threshold for gold (5 g/t).

Evidence · text

“MZRC174: 7m @ 8.6 g/t Au from 8m, including 1m @ 57.1 g/t Au from 8m”

Apparent Width Onlynegative

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

Why it applies: The document states that 'True widths are estimated to be between 70–90% of down hole lengths' but does not provide specific true width values for the reported intercepts.

Evidence · text

“True widths are estimated to be between 70–90% of down hole lengths.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling at Metzke's North is described as a 'new discovery' north of a dyke previously thought to cut off mineralization, indicating an extension beyond known limits.

Evidence · text

“Metzke’s North is a new discovery north of a Proterozoic dyke (a younger, unmineralised rock intrusion) that was previously thought to cut off the high-grade mineralisation at Metzke’s Find.”

QA/QC Disclosedpositive

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

Why it applies: The JORC Table 1 details QAQC procedures including the insertion of duplicates, blanks, and CRM’s (OREAS Standards) at a rate of 1:50 samples, and the use of ALS Laboratories for assaying.

Evidence · text

“QAQC samples consisting of duplicates, blanks and CRM’s (OREAS Standards) are inserted through the program at a rate of 1:50 samples.”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The document states that 'All sample intervals with a minimum length of 1m and assays greater than 0.1 g/t Au have been reported' and 'No top cuts have been applied to exploration results'.

Evidence · text

“All sample intervals with a minimum length of 1m and assays greater than 0.1 g/t Au have been reported. No top cuts have been applied to exploration results.”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drilling program was designed to 'Extend the Resource at Metzke’s North in order to increase the overall Resource at Metzke’s' and 'to extend and upgrade the Resource'.

Evidence · text

“Extend the Resource at Metzke’s North in order to increase the overall Resource at Metzke’s (currently 24,900 oz @ 5.2 g/t Au - 84% Indicated); and Provide additional metallurgical test work; assist in mine planning and to extend and upgrade the Resource (already at 84% Indicated) (4 twin and 8 extension holes).”

Extracted facts

Stored fact records: 14. Some facts used in scoring do not have a stored record.

Drill Results (14)

MZRC174Illaara · goldGrade: 8.6Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
MZRC174
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
8.6
Grade Unit
g/t
Intercept
7 m
From
8 m
To
15 m
Hole Depth
24 m
Intercept Depth
8 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC174:8-15
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214612
Northing
6758151
Elevation
469 m
Azimuth
90.3 °
Dip
-54 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Exceptional high-grade gold intercept at shallow depth, representing a new discovery at Metzke's North.

Positive factors

  • high_grade_intercept
  • shallow_mineralization
  • new_discovery

Negative factors

  • apparent_width_only

Evidence · table

“8.6”

Context: 7

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC174Illaara · goldGrade: 57.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MZRC174
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
57.1
Grade Unit
g/t
Intercept
1 m
From
8 m
To
9 m
Hole Depth
24 m
Intercept Depth
8 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC174:8-9
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214612
Northing
6758151
Elevation
469 m
Azimuth
90.3 °
Dip
-54 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Bonanza grade gold intercept at very shallow depth, part of a new discovery at Metzke's North.

Positive factors

  • bonanza_intercept
  • high_grade_intercept
  • shallow_mineralization
  • new_discovery

Negative factors

  • apparent_width_only

Evidence · table

“57.1”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC180Illaara · goldGrade: 4.2Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
MZRC180
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
4.2
Grade Unit
g/t
Intercept
2 m
From
112 m
To
114 m
Hole Depth
126 m
Intercept Depth
112 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC180:112-114
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214536
Northing
6758187
Elevation
470 m
Azimuth
92.2 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Strong gold intercept contributing to resource extension.

Positive factors

  • strong_grade_intercept

Negative factors

  • apparent_width_only

Evidence · table

“4.2”

Context: 2

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC180Illaara · goldGrade: 0.4Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MZRC180
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.4
Grade Unit
g/t
Intercept
1 m
From
98 m
To
99 m
Hole Depth
126 m
Intercept Depth
98 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC180:98-99
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214536
Northing
6758187
Elevation
470 m
Azimuth
92.2 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept above cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.4”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC186Illaara · goldGrade: 1.2Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
MZRC186
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
2 m
From
21 m
To
23 m
Hole Depth
60 m
Intercept Depth
21 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC186:21-23
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214577
Northing
6758287
Elevation
471 m
Azimuth
90.6 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Moderate-grade gold intercept at shallow depth.

Positive factors

  • moderate_grade_intercept
  • shallow_mineralization

Negative factors

  • apparent_width_only

Evidence · table

“1.2”

Context: 2

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC169Illaara · goldGrade: 1.9Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
MZRC169
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
1.9
Grade Unit
g/t
Intercept
3 m
From
30 m
To
33 m
Hole Depth
60 m
Intercept Depth
30 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC169:30-33
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214598
Northing
6758066
Elevation
468 m
Azimuth
89.7 °
Dip
-54 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Moderate-grade gold intercept at shallow depth.

Positive factors

  • moderate_grade_intercept
  • shallow_mineralization

Negative factors

  • apparent_width_only

Evidence · table

“1.9”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC168Illaara · goldGrade: 0.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MZRC168
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
1 m
From
9 m
To
10 m
Hole Depth
60 m
Intercept Depth
9 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC168:9-10
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214615
Northing
6758067
Elevation
468 m
Azimuth
95 °
Dip
-54 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept at cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.1”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC171Illaara · goldGrade: 0.5Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
MZRC171
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.5
Grade Unit
g/t
Intercept
2 m
From
79 m
To
81 m
Hole Depth
108 m
Intercept Depth
79 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC171:79-81
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214559
Northing
6758067
Elevation
469 m
Azimuth
93.6 °
Dip
-54 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept above cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.5”

Context: 2

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC181Illaara · goldGrade: 0.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MZRC181
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
1 m
From
98 m
To
99 m
Hole Depth
120 m
Intercept Depth
98 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC181:98-99
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214542
Northing
6758166
Elevation
469 m
Azimuth
89.2 °
Dip
-54 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept at cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.1”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC182Illaara · goldGrade: 0.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MZRC182
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
1 m
From
73 m
To
74 m
Hole Depth
90 m
Intercept Depth
73 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC182:73-74
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214556
Northing
6758211
Elevation
470 m
Azimuth
89.8 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept at cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.1”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC183Illaara · goldGrade: 0.2Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
MZRC183
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.2
Grade Unit
g/t
Intercept
3 m
From
120 m
To
123 m
Hole Depth
144 m
Intercept Depth
120 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC183:120-123
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214516
Northing
6758232
Elevation
470 m
Azimuth
88.1 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept above cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.2”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC183Illaara · goldGrade: 0.2Grade Unit: g/tIntercept: 3 mView all details
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Identity

Hole ID
MZRC183
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.2
Grade Unit
g/t
Intercept
3 m
From
135 m
To
138 m
Hole Depth
144 m
Intercept Depth
135 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC183:135-138
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214516
Northing
6758232
Elevation
470 m
Azimuth
88.1 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept above cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.2”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC185Illaara · goldGrade: 0.1Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
MZRC185
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.1
Grade Unit
g/t
Intercept
3 m
From
141 m
To
144 m
Hole Depth
150 m
Intercept Depth
141 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC185:141-144
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214516
Northing
6758251
Elevation
470 m
Azimuth
86.9 °
Dip
-54 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept at cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.1”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

MZRC188Illaara · goldGrade: 0.2Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MZRC188
Project
Illaara
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
DRE

Geometry

Grade
0.2
Grade Unit
g/t
Intercept
1 m
From
42 m
To
43 m
Hole Depth
84 m
Intercept Depth
42 m

Classification

Deposit Type
orogenic
Program
mixed
Sample Type
drill
Group ID
MZRC188:42-43
Mining Method
open_pit

Location

Location
Metzke’s Find
Easting
214560
Northing
6758331
Elevation
472 m
Azimuth
89.3 °
Dip
-55 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
ALS
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Compositing

Cutoff Grade
0.1
Cutoff Unit
g/t

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-05T00:00:00.000Z

Reasoning: Low-grade gold intercept above cutoff.

Negative factors

  • apparent_width_only

Evidence · table

“0.2”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "The project comprises ~800km2 covering ~70km of strike along the Illaara greenstone belts."

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.