EM3: Cleansing Notice
Original announcement by asx on
- Company
- EMC Gold Corporation
- Ticker
- EM3
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Unavailable
- Secondary commodities
- None reported
- Document categories
- Resource update, Other
- Extracted
- 2026-09-30 07:34:04 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
EMC Gold Corporation has issued a cleansing notice following the completion of a share issue involving 3,472,820 shares via option conversion. The document also restates historical resource figures for the Salave Gold Project originally released in March 2025.
Reasoning: Administrative cleansing notice following a share issue via option conversion; resource data provided is historical restatement.
Facts used in scoring: 3
Classification and evidence
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The resource figures provided are restatements of a March 2025 announcement.
Evidence · text
“released by the Company in its news release entitled ‘Updated Scoping Study Salave Gold’ dated 31 March 2025”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
measuredSalave · goldTonnes: 1600000Grade: 3.82Grade Unit: g/tContained Metal: 0.2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Salave
- Commodity
- gold
- Region
- spain
- Reported Region
- Spain
- Ticker
- EM3
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a64e3541f10a47a845b7
Resource Data
- Category
- measured
- Tonnes
- 1600000
- Grade
- 3.82
- Grade Unit
- g/t
- Contained Metal
- 0.2
- Contained Unit
- moz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-31T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Historical restatement of measured resource from March 2025 release.
Evidence · text
“Measured Mineral Resource of 1.6 million tonnes grading 3.82 g/t Au, containing 0.2 million ounces of gold”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSalave · goldTonnes: 11300000Grade: 2.9Grade Unit: g/tContained Metal: 1.06Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Salave
- Commodity
- gold
- Region
- spain
- Reported Region
- Spain
- Ticker
- EM3
Resource scope
- Estimate type
- resource
- Resource group id
- resource:278be33e401f73c6142d
Resource Data
- Category
- indicated
- Tonnes
- 11300000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 1.06
- Contained Unit
- moz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-31T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Historical restatement of indicated resource from March 2025 release.
Evidence · text
“Indicated Mineral Resource of 11.3 million tonnes grading 2.90 g/t Au, containing 1.06 million ounces of gold”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSalave · goldTonnes: 4100000Grade: 2.34Grade Unit: g/tContained Metal: 0.31Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Salave
- Commodity
- gold
- Region
- spain
- Reported Region
- Spain
- Ticker
- EM3
Resource scope
- Estimate type
- resource
- Resource group id
- resource:3a9e0123fa3409b2e9f9
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 2.34
- Grade Unit
- g/t
- Contained Metal
- 0.31
- Contained Unit
- moz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-31T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Historical restatement of inferred resource from March 2025 release.
Evidence · text
“Inferred Resources totalling 4.1 million tonnes grading 2.34 g/t Au, containing 0.31 million ounces of gold”
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
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.