# FAL: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145305 Publisher: asx Original announcement: 2026-09-29T02:57:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T15:37:52.964Z Atlas analysis updated: 2026-09-29T15:37:52.964Z - Company: Falcon Metals Limited - Ticker: FAL - Exchange: ASX - Region: Victoria - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Drill results, Other - Extracted: 2026-09-29 15:37:53 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Falcon Metals Limited's Annual Report for 2026 details significant progress at its flagship Blue Moon Gold Project in Victoria, with high-grade gold mineralization confirmed over an 850-meter strike length across five stacked zones. The company also commenced a maiden drilling program at the Errabiddy Gold Project in Western Australia and strengthened its financial position with a $30 million capital raise. While the reported drill results are historical, the company is well-positioned for accelerated exploration. Reasoning: The annual report highlights strong historical drill results and significant strike extension at the flagship Blue Moon Gold Project, coupled with a substantial capital raise, positioning the company for future growth. However, the drill results themselves are not new, and no new assays are provided for the recently commenced Errabiddy program. - Positive factor: High-grade gold intercepts from historical drilling at Blue Moon - Positive factor: Significant strike length extension confirmed at Blue Moon \(850m\) - Positive factor: Successful $30 million capital raise strengthening financial position - Positive factor: Commencement of maiden drilling program at Errabiddy Gold Project - Positive factor: Identification of five stacked mineralised zones at Blue Moon - Negative factor: Drill results are historical and previously reported, limiting novelty - Negative factor: No new assay results reported for the recently commenced Errabiddy drilling Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 35 ## Classification and evidence **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The document explicitly states that the drill results are 'Highlights from previously reported drilling at Blue Moon', indicating they are not new assays. Evidence · text > Highlights from previously reported drilling at Blue Moon **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The document includes a Competent Person Statement, indicating that the information was compiled and reviewed by a qualified professional. Evidence · text > COMPETENT PERSON STATEMENT The information contained within this report relates to exploration results based on and fairly represents information compiled and reviewed by Mr Doug Winzar who is a Member of the Australian Institute of Geoscientists. Mr Winzar is a full-time employee of Falcon Metals Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr Winzar consents to the inclusion in the documents of the matters based on this information in the form and context in which it appears. **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The Errabiddy Gold Project's prospectivity is highlighted by its proximity to Benz Mining's Glenburgh Gold Project, which has a significant Exploration Target. Evidence · text > The Olsen Well gold target is located approximately 35km southeast of Benz Mining's \(ASX:BNZ\) Glenburgh Gold Project, which has a current Exploration Target of 10.1-12.0Moz gold **Capital Raise** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company announced the completion of a $30 million capital raise via placement to high-quality institutions. Evidence · text > On 28 August 2026, the Company announced the completion of a $30 million capital raise via placement to high-quality institutions to expand drilling at Blue Moon. **Exploration Program** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company continued to advance exploration at its Australian gold projects, including Blue Moon and Errabiddy. Evidence · text > Across our Australian exploration portfolio, we continued to advance exploration at our high-quality Australian gold projects, notably at our flagship Blue Moon Gold Project in Victoria and the Errabiddy Gold Project in Western Australia. **Strike Extension** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Mineralisation at Blue Moon has been extended over more than 850 metres of strike. Evidence · text > We have now identified five stacked mineralised zones along the Garden Gully line and extended mineralisation over more than 850 metres of strike. **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: All reported drill intercepts are given as downhole lengths without disclosure of true width or drill orientation. Evidence · text > BMDD001 2.8m @ 17.7g/t Au from 40.6m ## Extracted facts Stored fact records: 35. Some facts used in scoring do not have a stored record. ## Drill Results (35) ### BMDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-0) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 17.7 - Grade Unit: g/t - Intercept: 2.8 m - From: 40.6 m - To: 43.4 m - Intercept Depth: 40.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001:40.6-43.4 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows an exceptional gold grade over a narrow width at a relatively shallow depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Exceptional gold grade \(17.7 g/t Au\) for orogenic underground deposit - Positive factor: Relatively shallow intercept depth - Negative factor: Narrow intercept length \(2.8 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001 2.8m @ 17.7g/t Au from 40.6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-1) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 52.4 - Grade Unit: g/t - Intercept: 0.9 m - From: 40.6 m - To: 41.5 m - Intercept Depth: 40.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001:40.6-41.5 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a relatively shallow depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(52.4 g/t Au\) for orogenic underground deposit - Positive factor: Relatively shallow intercept depth - Negative factor: Very narrow intercept length \(0.9 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.9m @ 52.4g/t Au from 40.6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD007 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-2) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD007 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 3.5 - Grade Unit: g/t - Intercept: 0.7 m - From: 599.1 m - To: 599.8 m - Intercept Depth: 599.1 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD007:599.1-599.8 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a moderate gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Moderate gold grade \(3.5 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.7 m\) - Negative factor: Deep intercept depth \(599.1 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD007 0.7 m @ 3.5g/t gold from 599.1m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD007W05 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-3) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD007W05 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 22.2 - Grade Unit: g/t - Intercept: 2.7 m - From: 649.5 m - To: 652.2 m - Intercept Depth: 649.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD007W05:649.5-652.2 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows an exceptional gold grade over a narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Exceptional gold grade \(22.2 g/t Au\) for orogenic underground deposit - Negative factor: Narrow intercept length \(2.7 m\) - Negative factor: Deep intercept depth \(649.5 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD007W05 2.7m @ 22.2g/t Au from 649.5m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD007W05 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-4) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD007W05 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 79.6 - Grade Unit: g/t - Intercept: 0.6 m - From: 649.5 m - To: 650.1 m - Intercept Depth: 649.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD007W05:649.5-650.1 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(79.6 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.6 m\) - Negative factor: Deep intercept depth \(649.5 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.6m @ 79.6g/t Au from 649.5m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD007W06 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-5) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD007W06 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 69.4 - Grade Unit: g/t - Intercept: 0.3 m - From: 608.2 m - To: 608.5 m - Intercept Depth: 608.2 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD007W06:608.2-608.5 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(69.4 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.3 m\) - Negative factor: Deep intercept depth \(608.2 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.3m @ 69.4g/t Au from 608.2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD007W06 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-6) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD007W06 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 1.9 - Grade Unit: g/t - Intercept: 0.3 m - From: 619.2 m - To: 619.5 m - Intercept Depth: 619.2 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD007W06:619.2-619.5 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a weak gold grade over a very narrow width at a significant depth for an orogenic underground deposit, and its novelty is low as it has been previously reported. - Negative factor: Weak gold grade \(1.9 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.3 m\) - Negative factor: Deep intercept depth \(619.2 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.3 m @ 1.9g/t gold from 619.2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD011 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-7) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD011 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 14.7 - Grade Unit: g/t - Intercept: 0.7 m - From: 644.8 m - To: 645.5 m - Intercept Depth: 644.8 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD011:644.8-645.5 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a strong gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Strong gold grade \(14.7 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.7 m\) - Negative factor: Deep intercept depth \(644.8 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD011 0.7m @ 14.7g/t Au from 644.8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD011W02 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-8) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD011W02 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 71.7 - Grade Unit: g/t - Intercept: 0.3 m - From: 642.8 m - To: 643.1 m - Intercept Depth: 642.8 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD011W02:642.8-643.1 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(71.7 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.3 m\) - Negative factor: Deep intercept depth \(642.8 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.3m @ 71.7g/t Au from 642.8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD011W02 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-9) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD011W02 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 98.3 - Grade Unit: g/t - Intercept: 0.3 m - From: 653.3 m - To: 653.6 m - Intercept Depth: 653.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD011W02:653.3-653.6 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(98.3 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.3 m\) - Negative factor: Deep intercept depth \(653.3 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.3m @ 98.3g/t Au from 653.3m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-10) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 8.4 - Grade Unit: g/t - Intercept: 2.4 m - From: 600 m - To: 602.4 m - Intercept Depth: 600 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001:600-602.4 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a strong gold grade over a narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Strong gold grade \(8.4 g/t Au\) for orogenic underground deposit - Negative factor: Narrow intercept length \(2.4 m\) - Negative factor: Deep intercept depth \(600 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001 2.4m @ 8.4g/t Au from 600m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-11) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 48.7 - Grade Unit: g/t - Intercept: 0.3 m - From: 600 m - To: 600.3 m - Intercept Depth: 600 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001:600-600.3 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(48.7 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.3 m\) - Negative factor: Deep intercept depth \(600 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.3m @ 48.7g/t Au from 600m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-12) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 18.2 - Grade Unit: g/t - Intercept: 0.3 m - From: 602.1 m - To: 602.4 m - Intercept Depth: 602.1 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001:602.1-602.4 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows an exceptional gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Exceptional gold grade \(18.2 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.3 m\) - Negative factor: Deep intercept depth \(602.1 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.3m @ 18.2g/t Au from 602.1m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W01 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-13) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W01 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 543 - Grade Unit: g/t - Intercept: 1.2 m - From: 544.2 m - To: 545.4 m - Intercept Depth: 544.2 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W01:544.2-545.4 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(543 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(1.2 m\) - Negative factor: Deep intercept depth \(544.2 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001W01 1.2m @ 543g/t Au from 544.2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W01 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-14) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W01 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 557 - Grade Unit: g/t - Intercept: 0.6 m - From: 544.2 m - To: 544.8 m - Intercept Depth: 544.2 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W01:544.2-544.8 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(557 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.6 m\) - Negative factor: Deep intercept depth \(544.2 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.6m @ 557g/t Au from 544.2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W01 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-15) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W01 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 529 - Grade Unit: g/t - Intercept: 0.6 m - From: 544.8 m - To: 545.4 m - Intercept Depth: 544.8 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W01:544.8-545.4 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(529 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.6 m\) - Negative factor: Deep intercept depth \(544.8 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.6m @ 529g/t Au from 544.8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W02 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-16) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W02 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 4.6 - Grade Unit: g/t - Intercept: 1 m - From: 446 m - To: 447 m - Intercept Depth: 446 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W02:446-447 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a moderate gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Moderate gold grade \(4.6 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(1.0 m\) - Negative factor: Deep intercept depth \(446 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001W02 1.0m @ 4.6g/t Au from 446.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W03 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-17) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W03 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 4.1 - Grade Unit: g/t - Intercept: 0.8 m - From: 557 m - To: 557.8 m - Intercept Depth: 557 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W03:557-557.8 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a moderate gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Moderate gold grade \(4.1 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.8 m\) - Negative factor: Deep intercept depth \(557 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001W03 0.8m @ 4.1g/t Au from 557.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W04 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-18) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W04 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 3.9 - Grade Unit: g/t - Intercept: 1 m - From: 540 m - To: 541 m - Intercept Depth: 540 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W04:540-541 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a moderate gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Moderate gold grade \(3.9 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(1.0 m\) - Negative factor: Deep intercept depth \(540 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001W04 1.0m @ 3.9g/t Au from 540.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-19) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD003 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 41.9 - Grade Unit: g/t - Intercept: 2.75 m - From: 605.3 m - To: 608.05 m - Intercept Depth: 605.3 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD003:605.3-608.05 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(41.9 g/t Au\) for orogenic underground deposit - Negative factor: Narrow intercept length \(2.75 m\) - Negative factor: Deep intercept depth \(605.3 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD003 2.75m @ 41.9g/t Au from 605.3m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-20) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD003 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 222 - Grade Unit: g/t - Intercept: 0.5 m - From: 607.55 m - To: 608.05 m - Intercept Depth: 607.55 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD003:607.55-608.05 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(222 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Deep intercept depth \(607.55 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.5m @ 222g/t Au from 607.55m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD004W01 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-21) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD004W01 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 86.2 - Grade Unit: g/t - Intercept: 0.8 m - From: 635 m - To: 635.8 m - Intercept Depth: 635 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD004W01:635-635.8 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(86.2 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.8 m\) - Negative factor: Deep intercept depth \(635 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD004W01 0.8m @ 86.2g/t Au from 635m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD004W01 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-22) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD004W01 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 167 - Grade Unit: g/t - Intercept: 0.4 m - From: 635 m - To: 635.4 m - Intercept Depth: 635 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD004W01:635-635.4 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(167 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.4 m\) - Negative factor: Deep intercept depth \(635 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.4m @ 167g/t Au from 635m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD004W01 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-23) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD004W01 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 6.4 - Grade Unit: g/t - Intercept: 1 m - From: 638 m - To: 639 m - Intercept Depth: 638 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD004W01:638-639 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a strong gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Strong gold grade \(6.4 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(1.0 m\) - Negative factor: Deep intercept depth \(638 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 1.0m @ 6.4g/t Au from 638m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD009W02 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-24) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD009W02 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 17.8 - Grade Unit: g/t - Intercept: 2.6 m - From: 641.6 m - To: 644.2 m - Intercept Depth: 641.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD009W02:641.6-644.2 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows an exceptional gold grade over a narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Exceptional gold grade \(17.8 g/t Au\) for orogenic underground deposit - Negative factor: Narrow intercept length \(2.6 m\) - Negative factor: Deep intercept depth \(641.6 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD009W02 2.6 m @ 17.8g/t gold from 641.6 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD009W02 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-25) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD009W02 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 64 - Grade Unit: g/t - Intercept: 0.7 m - From: 641.6 m - To: 642.3 m - Intercept Depth: 641.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD009W02:641.6-642.3 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(64.0 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.7 m\) - Negative factor: Deep intercept depth \(641.6 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.7m @ 64.0g/t gold from 641.6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD011W08 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-26) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD011W08 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 13.6 - Grade Unit: g/t - Intercept: 3 m - From: 824.9 m - To: 827.9 m - Intercept Depth: 824.9 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD011W08:824.9-827.9 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a strong gold grade over a narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Strong gold grade \(13.6 g/t Au\) for orogenic underground deposit - Negative factor: Narrow intercept length \(3.0 m\) - Negative factor: Deep intercept depth \(824.9 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD011W08 3m @ 13.6g/t gold from 824.9m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD011W08 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-27) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD011W08 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 60.1 - Grade Unit: g/t - Intercept: 0.6 m - From: 825.5 m - To: 826.1 m - Intercept Depth: 825.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD011W08:825.5-826.1 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(60.1 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.6 m\) - Negative factor: Deep intercept depth \(825.5 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.6m @ 60.1g/t gold from 825.5m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W03 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-28) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W03 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 185 - Grade Unit: g/t - Intercept: 0.3 m - From: 773 m - To: 773.3 m - Intercept Depth: 773 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W03:773-773.3 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(185 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.3 m\) - Negative factor: Deep intercept depth \(773 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001W03 0.3m @ 185g/t Au from 773.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W06 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-29) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W06 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 33 - Grade Unit: g/t - Intercept: 6.5 m - From: 832 m - To: 838.5 m - Intercept Depth: 832 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W06:832-838.5 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a bonanza gold grade over a moderate width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(33.0 g/t Au\) for orogenic underground deposit - Positive factor: Moderate intercept length \(6.5 m\) - Negative factor: Deep intercept depth \(832 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001W06 6.5m @ 33.0g/t Au from 832.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W06 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-30) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W06 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 325 - Grade Unit: g/t - Intercept: 0.4 m - From: 832.6 m - To: 833 m - Intercept Depth: 832.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W06:832.6-833 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(325 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.4 m\) - Negative factor: Deep intercept depth \(832.6 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.4m @ 325g/t Au from 832.6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W06 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-31) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W06 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 158 - Grade Unit: g/t - Intercept: 0.5 m - From: 834.5 m - To: 835 m - Intercept Depth: 834.5 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W06:834.5-835 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(158 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(0.5 m\) - Negative factor: Deep intercept depth \(834.5 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 0.5m @ 158g/t Au from 834.5m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W06 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-32) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W06 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 16.9 - Grade Unit: g/t - Intercept: 3.4 m - From: 855.6 m - To: 859 m - Intercept Depth: 855.6 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W06:855.6-859 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows an exceptional gold grade over a narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Exceptional gold grade \(16.9 g/t Au\) for orogenic underground deposit - Positive factor: Narrow intercept length \(3.4 m\) - Negative factor: Deep intercept depth \(855.6 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 3.4m @ 16.9g/t Au from 855.6m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W06 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-33) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W06 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 47.2 - Grade Unit: g/t - Intercept: 1 m - From: 857 m - To: 858 m - Intercept Depth: 857 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W06:857-858 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical sub-interval shows a bonanza gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Bonanza gold grade \(47.2 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(1.0 m\) - Negative factor: Deep intercept depth \(857 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > 1m @ 47.2g/t Au from 857m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ### BMDD001W07 [Link to this fact](https://atlas-staging.minestarters.com/news/fal-annual-report-to-shareholders--c54b4030-fa0a-4dc1-9030-27ff4d5009da#fact-drill-facts-34) Blue Moon · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: BMDD001W07 - Project: Blue Moon - Commodity: gold - Region: australia\_vic - Reported Region: australia\_vic - Ticker: FAL #### Geometry - Grade: 8 - Grade Unit: g/t - Intercept: 1.2 m - From: 820.8 m - To: 822 m - Intercept Depth: 820.8 m #### Classification - Deposit Type: orogenic - Program: exploration - Sample Type: drill - Group ID: BMDD001W07:820.8-822 - Mining Method: underground #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-29T00:00:00.000Z Reasoning: This historical intercept shows a strong gold grade over a very narrow width at a significant depth for an orogenic underground deposit, but its novelty is low as it has been previously reported. - Positive factor: Strong gold grade \(8.0 g/t Au\) for orogenic underground deposit - Negative factor: Very narrow intercept length \(1.2 m\) - Negative factor: Deep intercept depth \(820.8 m\) - Negative factor: Results are historical and previously reported - Negative factor: Apparent width only, true width not disclosed Evidence · text > BMDD001W07 1.2m @ 8.0g/t Au from 820.8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Figure 5 Current progress and planned step out drilling to the north showing interpreted target zone Figure 6 Bendigo Go" ## 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.