FRB: Annual Report to shareholders
Original announcement by asx on
- Company
- Firebird Metals Limited
- Ticker
- FRB
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Manganese
- Secondary commodities
- Iron ore, Lithium, Nickel, Cobalt
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-09-29 13:42:04 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Firebird Metals Limited's Annual Report for FY2026 highlights a strategic shift towards advanced manganese processing and battery materials technology, marked by the establishment of the Australian Demonstration Plant (ADP) and securing a A$2.0 million ARENA grant. The company reported positive independent customer testing results for high-purity manganese sulphate and LMR cathode material, alongside strengthening its intellectual property portfolio. Despite an operating loss of $3.44 million, a $6.0 million capital raise contributed to an increase in net assets to $13.0 million, though the auditor noted a material uncertainty regarding going concern. The mineral resource estimates for Oakover and Hill 616 projects remain unchanged from prior years.
Reasoning: Firebird Metals Limited's Annual Report highlights significant strategic progress in advanced manganese processing and battery materials technology, supported by a government grant, patent protection, and positive customer testing results for HPMSM and LMR cathode material. A successful capital raise strengthened the financial position, despite ongoing operating losses and an auditor-noted material uncertainty regarding going concern. The resource estimates are re-stated without change and are historical.
Positive factors
- ARENA_grant
- ADP_progress
- patent_protection
- positive_customer_testing
- successful_capital_raise
- strategic_partnerships
Negative factors
- going_concern_uncertainty
- stale_resource_estimates
- all_inferred_resource
Facts used in scoring: 35
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimates are reported in compliance with the JORC Code (2012 Edition).
Evidence · text
“Firebird Metals Limited reports its Mineral Resource Estimates in accordance with the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code) (2012 Edition).”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Competent Persons named by the Company qualify as Competent Persons as defined in the JORC Code, indicating sign-off.
Evidence · text
“Competent Persons named by the Company qualify as Competent Persons as defined in the JORC Code.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Oakover Mineral Resource Estimate is reported at a cut-off grade of 7% Mn.
Evidence · text
“Oakover Mineral Resource Estimate reported at a cut-off grade of 7% Mn”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Hill 616 Mineral Resource Estimate is reported at a cut-off grade of 8% Mn.
Evidence · text
“Hill 616 Mineral Resource Estimate reported at a cut-off grade of 8% Mn”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The company confirms there has been no change to the Oakover Mineral Resource Estimate from the prior year, and it was estimated in March 2023.
Evidence · text
“The Company confirms there has been no change from the prior year.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The company confirms there has been no change to the Hill 616 Mineral Resource Estimate from the prior year, and it was estimated in December 2021.
Evidence · text
“The Company confirms there has been no change from the prior year.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Oakover project includes a significant Inferred Resource of 70.9 Mt at 9.6% Mn.
Evidence · table
“70.9”
Context: Oakover Inferred
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Hill 616 project's Grand Total Mineral Resource of 57.5 Mt at 12.2% Mn is entirely classified as Inferred.
Evidence · table
“57.5”
Context: Grand Total Inferred
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: The company's wholly owned pilot plant in Hunan, China, continued to deliver results, and successful pilot-scale testing was achieved for its calcination kiln.
Evidence · text
“Our research and development operations at our wholly owned pilot plant in Hunan, China, continued to deliver. Independent international customer testing confirmed that Firebird can produce manganese sulphate exceeding 99.99% purity”
Novel Processingnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The company is developing proprietary technologies for advanced manganese processing and battery materials, including an exclusive licence over LMFP cathode technology and LMR cathode material.
Evidence · text
“securing patent protection for its energy-efficient calcination kiln and an exclusive licence over lithium manganese iron phosphate (LMFP) cathode technology”
Capital Raisepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The company completed a $6.0 million placement in October 2025, contributing to its financial position.
Evidence · text
“supported by a $6.0 million placement completed in October 2025.”
Government Grantpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The Australian Renewable Energy Agency (ARENA) awarded Firebird a A$2.0 million cash grant under its Battery Breakthrough Initiative.
Evidence · text
“the Australian Renewable Energy Agency (ARENA) awarded Firebird a A$2.0 million cash grant under its Battery Breakthrough Initiative”
Strategic Partnershippositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Firebird established a manufacturing partnership arrangement with Zhongji Sunward Technology Co., Ltd for commercial scale kilns.
Evidence · text
“Firebird has established a manufacturing partnership arrangement with Zhongji Sunward Technology Co., Ltd for commercial scale kilns”
Strategic Partnershippositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The LMR development program is co-funded by strategic partner Taza Metal Technologies.
Evidence · text
“The Company’s LMR development program is co-funded by strategic partner Taza Metal Technologies”
Going Concern Uncertaintynegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The auditor's report highlights a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern due to operating and investing cash outflows.
Evidence · text
“We draw attention to Note 2 in the financial statements, which indicates that the Group incurred a total other comprehensive loss of $3,398,102 during the year ended 30 June 2026 and, as at that date, recorded operating and investing cash outflows totalling $2,827,559 and $584,637, respectively. As stated in Note 2, these events or conditions, along with other matters set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
POX/BIOX Routeneutral
Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.
Why it applies: the document describes a pox_biox route ("roasting")
Extracted facts
Stored fact records: 35. Some facts used in scoring do not have a stored record.
Resource Estimates (35)
indicatedOakover Project · manganeseTonnes: 58800000Grade: 10.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:4cc9280ca130038bb637
- Deposit or zone
- Sixty Sixer
Resource Data
- Category
- indicated
- Tonnes
- 58800000
- Grade
- 10.4
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Sixty Sixer zone, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“10.4”
Context: 58.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · iron_oreTonnes: 58800000Grade: 9.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:4cc9280ca130038bb637
- Deposit or zone
- Sixty Sixer
Resource Data
- Category
- indicated
- Tonnes
- 58800000
- Grade
- 9.2
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for iron at the Sixty Sixer zone, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“9.2”
Context: 58.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · manganeseTonnes: 43700000Grade: 9.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8dc0357ba6ba7bc3413f
Resource Data
- Category
- inferred
- Tonnes
- 43700000
- Grade
- 9.4
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Sixty Sixer zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“9.4”
Context: 43.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 43700000Grade: 8.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:516b07793754cbcdda18
- Deposit or zone
- Sixty Sixer
Resource Data
- Category
- inferred
- Tonnes
- 43700000
- Grade
- 8.5
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for iron at the Sixty Sixer zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“8.5”
Context: 43.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · manganeseTonnes: 13100000Grade: 9.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1aad883510f634a02d3f
- Deposit or zone
- Jay Eye
Resource Data
- Category
- indicated
- Tonnes
- 13100000
- Grade
- 9.7
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Jay Eye zone, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“9.7”
Context: 13.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · iron_oreTonnes: 13100000Grade: 7.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1aad883510f634a02d3f
- Deposit or zone
- Jay Eye
Resource Data
- Category
- indicated
- Tonnes
- 13100000
- Grade
- 7.6
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for iron at the Jay Eye zone, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“7.6”
Context: 13.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · manganeseTonnes: 22100000Grade: 10.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a51e39df430a41ea2348
- Deposit or zone
- Jay Eye
Resource Data
- Category
- inferred
- Tonnes
- 22100000
- Grade
- 10.1
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Jay Eye zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“10.1”
Context: 22.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 22100000Grade: 6.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a51e39df430a41ea2348
- Deposit or zone
- Jay Eye
Resource Data
- Category
- inferred
- Tonnes
- 22100000
- Grade
- 6.9
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for iron at the Jay Eye zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“6.9”
Context: 22.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · manganeseTonnes: 33900000Grade: 9.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:bf89a56d888b8261b5bc
- Deposit or zone
- Karen
Resource Data
- Category
- indicated
- Tonnes
- 33900000
- Grade
- 9.7
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Karen zone, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“9.7”
Context: 33.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · iron_oreTonnes: 33900000Grade: 8.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:bf89a56d888b8261b5bc
- Deposit or zone
- Karen
Resource Data
- Category
- indicated
- Tonnes
- 33900000
- Grade
- 8.9
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for iron at the Karen zone, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“8.9”
Context: 33.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · manganeseTonnes: 5100000Grade: 8.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d1d3b864f75a9d28160a
- Deposit or zone
- Karen
Resource Data
- Category
- inferred
- Tonnes
- 5100000
- Grade
- 8.2
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Karen zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“8.2”
Context: 5.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 5100000Grade: 9.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d1d3b864f75a9d28160a
- Deposit or zone
- Karen
Resource Data
- Category
- inferred
- Tonnes
- 5100000
- Grade
- 9.1
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for iron at the Karen zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“9.1”
Context: 5.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · manganeseTonnes: 105800000Grade: 10.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a33d4e25bac4aaa3e14e
- Deposit or zone
- Oakover
Resource Data
- Category
- indicated
- Tonnes
- 105800000
- Grade
- 10.1
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Oakover project, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“10.1”
Context: 105.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · iron_oreTonnes: 105800000Grade: 8.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a33d4e25bac4aaa3e14e
- Deposit or zone
- Oakover
Resource Data
- Category
- indicated
- Tonnes
- 105800000
- Grade
- 8.9
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for iron at the Oakover project, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“8.9”
Context: 105.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · manganeseTonnes: 70900000Grade: 9.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1f60dd41d66def97352f
- Deposit or zone
- Oakover
Resource Data
- Category
- inferred
- Tonnes
- 70900000
- Grade
- 9.6
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Oakover project, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“9.6”
Context: 70.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 70900000Grade: 8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1f60dd41d66def97352f
- Deposit or zone
- Oakover
Resource Data
- Category
- inferred
- Tonnes
- 70900000
- Grade
- 8
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for iron at the Oakover project, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“8.0”
Context: 70.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
OakoverOakover Project · manganeseTonnes: 176700000Grade: 9.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8340627ea748e78b1db1
- Deposit or zone
- Oakover
Resource Data
- Tonnes
- 176700000
- Grade
- 9.9
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior total resource estimate for manganese at the Oakover project, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“9.9”
Context: 176.7
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
OakoverOakover Project · iron_oreTonnes: 176700000Grade: 8.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8340627ea748e78b1db1
- Deposit or zone
- Oakover
Resource Data
- Tonnes
- 176700000
- Grade
- 8.6
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior total resource estimate for iron at the Oakover project, with no change from the previous year, indicating low novelty.
Negative factors
- stale_estimate
Evidence · table
“8.6”
Context: 176.7
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredHill 616 Project · manganeseTonnes: 49300000Grade: 11.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8272bd2d10ec8d133a76
- Deposit or zone
- Manganiferous shale
Resource Data
- Category
- inferred
- Tonnes
- 49300000
- Grade
- 11.4
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Manganiferous shale zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“11.4”
Context: 49.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredHill 616 Project · iron_oreTonnes: 49300000Grade: 17.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8272bd2d10ec8d133a76
- Deposit or zone
- Manganiferous shale
Resource Data
- Category
- inferred
- Tonnes
- 49300000
- Grade
- 17.3
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for iron at the Manganiferous shale zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“17.3”
Context: 49.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredHill 616 Project · manganeseTonnes: 8100000Grade: 17.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f4ae2fc5f41f35857c39
- Deposit or zone
- Supergene manganese
Resource Data
- Category
- inferred
- Tonnes
- 8100000
- Grade
- 17.4
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Supergene manganese zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“17.4”
Context: 8.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredHill 616 Project · iron_oreTonnes: 8100000Grade: 16.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f4ae2fc5f41f35857c39
- Deposit or zone
- Supergene manganese
Resource Data
- Category
- inferred
- Tonnes
- 8100000
- Grade
- 16.8
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for iron at the Supergene manganese zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category.
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“16.8”
Context: 8.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredHill 616 Project · manganeseTonnes: 57500000Grade: 12.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ec70c2dea6da56f93cc8
- Deposit or zone
- Grand Total
Resource Data
- Category
- inferred
- Tonnes
- 57500000
- Grade
- 12.2
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Hill 616 project, with no change from the previous year, indicating low novelty and lower confidence due to being 100% inferred.
Negative factors
- stale_estimate
- inferred_resource
- all_inferred
Evidence · table
“12.2”
Context: 57.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredHill 616 Project · iron_oreTonnes: 57500000Grade: 17.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ec70c2dea6da56f93cc8
- Deposit or zone
- Grand Total
Resource Data
- Category
- inferred
- Tonnes
- 57500000
- Grade
- 17.2
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for iron at the Hill 616 project, with no change from the previous year, indicating low novelty and lower confidence due to being 100% inferred.
Negative factors
- stale_estimate
- inferred_resource
- all_inferred
Evidence · table
“17.2”
Context: 57.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
indicatedOakover Project · iron_oreTonnes: 58800000Grade: 9.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:4cc9280ca130038bb637
- Deposit or zone
- Sixty Sixer
Resource Data
- Category
- indicated
- Tonnes
- 58800000
- Grade
- 9.2
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Sixty Sixer zone, with no change from the previous year, indicating low novelty. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
Evidence · table
“9.2”
Context: 58.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 43700000Grade: 8.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8dc0357ba6ba7bc3413f
Resource Data
- Category
- inferred
- Tonnes
- 43700000
- Grade
- 8.5
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Sixty Sixer zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“8.5”
Context: 43.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · iron_oreTonnes: 13100000Grade: 7.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1aad883510f634a02d3f
- Deposit or zone
- Jay Eye
Resource Data
- Category
- indicated
- Tonnes
- 13100000
- Grade
- 7.6
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Jay Eye zone, with no change from the previous year, indicating low novelty. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
Evidence · table
“7.6”
Context: 13.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 22100000Grade: 6.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a51e39df430a41ea2348
- Deposit or zone
- Jay Eye
Resource Data
- Category
- inferred
- Tonnes
- 22100000
- Grade
- 6.9
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Jay Eye zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“6.9”
Context: 22.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · iron_oreTonnes: 33900000Grade: 8.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:bf89a56d888b8261b5bc
- Deposit or zone
- Karen
Resource Data
- Category
- indicated
- Tonnes
- 33900000
- Grade
- 8.9
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Karen zone, with no change from the previous year, indicating low novelty. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
Evidence · table
“8.9”
Context: 33.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 5100000Grade: 9.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:d1d3b864f75a9d28160a
- Deposit or zone
- Karen
Resource Data
- Category
- inferred
- Tonnes
- 5100000
- Grade
- 9.1
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Karen zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“9.1”
Context: 5.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
indicatedOakover Project · iron_oreTonnes: 105800000Grade: 8.9Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:a33d4e25bac4aaa3e14e
- Deposit or zone
- Oakover
Resource Data
- Category
- indicated
- Tonnes
- 105800000
- Grade
- 8.9
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior indicated resource estimate for manganese at the Oakover project, with no change from the previous year, indicating low novelty. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
Evidence · table
“8.9”
Context: 105.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredOakover Project · iron_oreTonnes: 70900000Grade: 8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Oakover Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:1f60dd41d66def97352f
- Deposit or zone
- Oakover
Resource Data
- Category
- inferred
- Tonnes
- 70900000
- Grade
- 8
- Grade Unit
- %
- Cutoff Grade
- 7
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2023-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-03-23T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Oakover project, with no change from the previous year, indicating low novelty and lower confidence due to inferred category. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“8.0”
Context: 70.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.6 years before this release
inferredHill 616 Project · iron_oreTonnes: 49300000Grade: 17.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:8272bd2d10ec8d133a76
- Deposit or zone
- Manganiferous shale
Resource Data
- Category
- inferred
- Tonnes
- 49300000
- Grade
- 17.3
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Manganiferous shale zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“17.3”
Context: 49.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredHill 616 Project · iron_oreTonnes: 8100000Grade: 16.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:f4ae2fc5f41f35857c39
- Deposit or zone
- Supergene manganese
Resource Data
- Category
- inferred
- Tonnes
- 8100000
- Grade
- 16.8
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Supergene manganese zone, with no change from the previous year, indicating low novelty and lower confidence due to inferred category. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
- inferred_resource
Evidence · table
“16.8”
Context: 8.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredHill 616 Project · iron_oreTonnes: 57500000Grade: 17.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hill 616 Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- FRB
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:ec70c2dea6da56f93cc8
- Deposit or zone
- Grand Total
Resource Data
- Category
- inferred
- Tonnes
- 57500000
- Grade
- 17.2
- Grade Unit
- %
- Cutoff Grade
- 8
- Cutoff Unit
- % Mn
Prior Estimate
- Resource Date
- 2021-12-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-12-01T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: This is a re-statement of a prior inferred resource estimate for manganese at the Hill 616 project, with no change from the previous year, indicating low novelty and lower confidence due to being 100% inferred. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- stale_estimate
- inferred_resource
- all_inferred
Evidence · table
“17.2”
Context: 57.5
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.