# EMC: Mt Dimer Delivers Upgraded Gold MRE as Mining Advances Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149827 Publisher: asx Original announcement: 2026-10-07T21:20:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-07T22:14:25.969Z Atlas analysis updated: 2026-10-07T22:14:25.969Z - Company: Everest Metals Corporation Ltd - Ticker: EMC - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-10-07 22:14:26 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Everest Metals Corporation Ltd has announced an updated Mineral Resource Estimate for its Mt Dimer Taipan Gold Project in Western Australia, establishing Measured and Indicated Resources for the first time, which now account for 32% of contained gold. The JORC 2012 compliant MRE totals 975,000 tonnes at 1.37 g/t Au for 43,000 ounces of gold, based on a 0.5 g/t Au cut-off grade. This update significantly de-risks the project, moving it from an entirely Inferred estimate in 2021 to a more confident resource supporting ongoing mine planning. Reasoning: The updated MRE significantly de-risks the project by establishing Measured and Indicated Resources for the first time, now comprising 32% of contained gold, supported by recent drilling and mining observations. However, the overall contained gold and average grade have decreased compared to the 2021 estimate, partly due to a lower cut-off grade, and silver is no longer reported. - Positive factor: Category Upgrade - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Cut-off Disclosed - Positive factor: Free Milling - Positive factor: High Recovery - Positive factor: Multi-Domain Tested - Negative factor: Contained Metal Decline - Negative factor: Grade Decline - Negative factor: Cut-off Lowered - Negative factor: No Contained Metal Facts used in scoring: 8 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Measured and Indicated Resources established for the first time, representing 32% of contained gold, compared with an entirely Inferred estimate in 2021. Evidence · text > Measured and Indicated Resources established for the first time, representing 32% of contained gold, compared with an entirely Inferred estimate in 2021 **QP/CP Signed** Polarity: positive Definition: 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 Bahman Rashidi, a member of the Australasian Institute of Mining and Metallurgy \(AusIMM\) and a Registered Professional Geoscientist \(RPGeo\) with the Australian Institute of Geoscientists \(AIG\), approved the release. Evidence · text > Mr Bahman Rashidi, who is a member of the Australasian Institute of Mining and Metallurgy \(AusIMM\) and a Registered Professional Geoscientist \(RPGeo\) in the field of Mineral Exploration and Industrial Minerals with the Australian Institute of Geoscientists \(AIG\). **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The updated MRE is reported in accordance with the JORC Code \(2012\). Evidence · text > The updated MRE is reported in accordance with the JORC Code \(2012\) **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The MRE is based on a 0.5 g/t Au cut-off grade. Evidence · text > 0.5 g/t Au cut-off grade **Free Milling** Polarity: positive Story-specific tag Definition: Simple, clean ore amenable to standard processing without oxidation. Why it applies: Initial testwork indicated that the primary mineralisation is free milling. Evidence · text > indicated that the primary mineralisation is free milling **High Recovery** Polarity: positive Story-specific tag Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Recent metallurgical testwork achieved recoveries of 95% for oxide, 98% for fresh and 93% for transitional material. Evidence · text > achieved recoveries of 95% for oxide, 98% for fresh and 93% for transitional material **Multi-Domain Tested** Polarity: positive Story-specific tag Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed. Why it applies: Metallurgical testwork was conducted on oxide, fresh, and transitional material. Evidence · text > recoveries of 95% for oxide, 98% for fresh and 93% for transitional material **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Total tonnage increased from 722kt in 2021 to 975kt in the updated MRE. Evidence · text > Updated JORC Mineral Resource Estimate \(MRE\) of 975,000 t at 1.37 g/t Au for 43,000 oz of gold... compared with an entirely Inferred estimate in 2021 **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: Contained gold is lower than in the 2021 estimate \(42,978 oz vs 48,545 oz\). Evidence · text > Contained gold is lower than in the 2021 estimate **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: The average grade decreased from 2.10 g/t Au in 2021 to 1.37 g/t Au in the updated MRE. Evidence · text > Updated JORC Mineral Resource Estimate \(MRE\) of 975,000 t at 1.37 g/t Au for 43,000 oz of gold, based on a 0.5 g/t Au cut-off grade... Maiden Inferred Mineral Resource Estimate \(JORC Code 2012\) for the Mt Dimer Gold and Silver Project – 722kt @ 2.10 g/t Au for 48,545 ounces of gold **Cut-off Lowered** Polarity: negative Definition: Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation. Why it applies: The cut-off grade was lowered from 1.0 g/t Au in the 2021 estimate to 0.5 g/t Au in the updated MRE. Evidence · text > Updated JORC Mineral Resource Estimate \(MRE\) of 975,000 t at 1.37 g/t Au for 43,000 oz of gold, based on a 0.5 g/t Au cut-off grade... Maiden Inferred Mineral Resource Estimate \(JORC Code 2012\) for the Mt Dimer Gold and Silver Project – 722kt @ 2.10 g/t Au for 48,545 ounces of gold and 3.84 g/t Ag for 89,011 ounces of Silver – was reported in 2021 using a cut off 1.0g/t Au **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: Silver is no longer reported in the updated MRE, despite being included in the 2021 estimate. Evidence · text > silver is no longer reported **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The announcement provides an updated Mineral Resource Estimate for the project. Evidence · text > updated Mineral Resource Estimate \(MRE\) ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Resource Estimates (8) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-0) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:edb671adcadc4fc1b2ac - Deposit or zone: In-situ - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 118000 - Grade: 1.7 - Grade Unit: g/t - Contained Metal: 6449 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: First-time Measured Resource established, indicating high confidence in this portion of the deposit. - Positive factor: Measured Resource - Positive factor: Category Upgrade Evidence · table > 1.70 Context: 118,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-1) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:91b606d90fea3b593d41 - Deposit or zone: In-situ - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 27000 - Grade: 1.45 - Grade Unit: g/t - Contained Metal: 1259 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: First-time Indicated Resource established, indicating reasonable geological confidence for this portion of the deposit. - Positive factor: Indicated Resource - Positive factor: Category Upgrade Evidence · table > 1.45 Context: 27,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-2) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:77dadbc98c219c1d7c49 - Deposit or zone: In-situ - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 688000 - Grade: 1.32 - Grade Unit: g/t - Contained Metal: 29198 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Inferred resource represents a speculative category with lower confidence, though it contributes to the overall resource. - Negative factor: Inferred Resource Evidence · table > 1.32 Context: 688,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-3) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:66d8f87aa8fe25f4dfd4 - Deposit or zone: Stockpile - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 142000 - Grade: 1.33 - Grade Unit: g/t - Contained Metal: 6072 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: A separately reported Indicated Stockpile Resource provides immediate feed for processing, indicating high confidence and near-term value. - Positive factor: Indicated Resource - Positive factor: Category Upgrade Evidence · table > 1.33 Context: 142,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-4) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:ea12ca7b49034f8b8327 - Deposit or zone: Total - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 118000 - Grade: 1.7 - Grade Unit: g/t - Contained Metal: 6449 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Total Measured Resource established for the first time, indicating high confidence in this portion of the deposit. - Positive factor: Measured Resource - Positive factor: Category Upgrade Evidence · table > 1.70 Context: 118,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-5) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:10ebfff0c144526a5bf1 - Deposit or zone: Total - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 169000 - Grade: 1.35 - Grade Unit: g/t - Contained Metal: 7331 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Total Indicated Resource established for the first time, indicating reasonable geological confidence for this portion of the deposit. - Positive factor: Indicated Resource - Positive factor: Category Upgrade Evidence · table > 1.35 Context: 169,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-6) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:37eaa399364fe0471b23 - Deposit or zone: Total - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 688000 - Grade: 1.32 - Grade Unit: g/t - Contained Metal: 29198 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: Total Inferred resource represents a speculative category with lower confidence, though it contributes to the overall resource. - Negative factor: Inferred Resource Evidence · table > 1.32 Context: 688,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### Total [Link to this fact](https://atlas-staging.minestarters.com/news/emc-mt-dimer-delivers-upgraded-gold-mre-as-mining-advances--3b6f5d37-5a5b-4f10-bcff-72952ab45f02#fact-resource-facts-7) Mt Dimer Taipan Gold Project · gold #### Identity - Project: Mt Dimer Taipan Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: EMC #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Bahman Rashidi - Resource group id: resource:cdd714e85e79fc7c55d2 - Deposit or zone: Total - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 975000 - Grade: 1.37 - Grade Unit: g/t - Contained Metal: 42978 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2026-10-07 - Prior Tonnes: 722000 - Prior Grade: 2.1 - Prior Contained Metal: 48545 - Prior Cutoff Grade: 1 #### Lab - Laboratory: ALS and Bureau Veritas #### Location - CRS: GDA2020 / MGA Zone 50 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: The overall resource shows a significant category upgrade with the establishment of M&I resources and an increase in total tonnage, but a decrease in contained gold and average grade compared to the prior estimate, partly due to a lower cut-off grade. - Positive factor: Category Upgrade - Positive factor: Tonnage Growth - Negative factor: Contained Metal Decline - Negative factor: Grade Decline - Negative factor: Cut-off Lowered - Negative factor: No Contained Metal Evidence · table > 1.37 Context: 975,000 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: 975000 against 722000 previously **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: 1.37 against 2.1 previously **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 42978 against 48545 previously **Dilutive Growth** Polarity: negative Definition: Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion. Why it applies: tonnage rose while contained metal went 42978 from 48545 **Cut-off Lowered** Polarity: negative Definition: Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation. Why it applies: 0.5 against 1 previously **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: 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.