FRS: 223,000oz Maiden Mineral Resource Estimate Defined at Tampia

Original announcement by asx on

Company
Forrestania Resources Ltd
Ticker
FRS
Exchange
ASX
Region
Western Australia
Primary commodity
Gold
Secondary commodities
Arsenic, Sulfur
Document categories
Resource update, Metallurgy
Extracted
2026-10-06 22:30:11 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Forrestania Resources Ltd announced a maiden JORC-compliant Mineral Resource Estimate for its Tampia Deposit, totaling 4.6 million tonnes at 1.50 g/t gold for 223,300 ounces of gold. This estimate, based on a 0.5 g/t gold cut-off, represents a significant addition to the company's gold inventory and is located within trucking distance of an existing processing facility. The resource is classified into Indicated and Inferred categories, with metallurgical testwork indicating high recoveries for both oxide and fresh mineralization.

Reasoning: Forrestania Resources announced a maiden JORC-compliant MRE for the Tampia Deposit, establishing a new gold resource with a good open-pit grade and strong M&I confidence, supported by positive metallurgical testwork, despite the contained ounces being relatively modest.

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good average grade for open pit mining (1.50 g/t Au)
  • Strong M&I confidence (54.3% Indicated)
  • High metallurgical recoveries for both oxide (>96%) and fresh (91.4%) gold

Negative factors

  • Contained gold ounces are relatively modest (223.3 koz is below the weak threshold of 500 koz)
  • Significant portion of the resource is Inferred (45.7%)
  • Presence of arsenic and sulphur, which can indicate processing complexities or penalty elements

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 30

Classification and evidence

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The document explicitly states 'Maiden FRS JORC Mineral Resource Estimate Defined at Tampia'.

Evidence · text

“Maiden FRS JORC Mineral Resource Estimate Defined at Tampia”

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: The report states that Mr Lynn Widenbar, a Competent Person, consents to the inclusion of the report's matters.

Evidence · text

“Mr Lynn Widenbar, a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Widenbar is a full-time employee of Widenbar and Associates Pty Ltd. Mr Widenbar has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that is being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Widenbar consents to the inclusion in the report of the matters based on his information in the form and context that the information appears.”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The Mineral Resource Estimate is explicitly stated to be JORC compliant and refers to the '2012 Edition of the Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC Code)'.

Evidence · text

“Maiden FRS JORC Mineral Resource Estimate (MRE)”

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource includes an Inferred category of 2.1 Mt at 1.56 g/t Au for 104,800 oz, which constitutes 45.7% of the total resource.

Evidence · table

“Inferred”

Context: 2.1

Deleterious Elements Presentnegative · Story-specific tag

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: Arsenic and Sulphur grades are reported in the MRE table, and the metallurgy section discusses arsenic-bearing minerals and their association with gold mineralization.

Evidence · text

“Arsenic grade is a good indicator of gold mineralisation”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource estimate clearly states a '0.5g/t Au cut-off grade'.

Evidence · text

“0.5g/t Au cut-off grade”

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The resource includes an Indicated category of 2.5 Mt at 1.47 g/t Au for 118,500 oz, which constitutes 54.3% of the total resource.

Evidence · table

“Indicated”

Context: 2.5

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: The document states that 'Reasonable Prospects for Eventual Economic Extraction (RPEEE) have been addressed by carrying out Pit Optimisation' using costs and recoveries typical for WA gold deposits, which is characteristic of a PEA-level study.

Evidence · text

“Reasonable Prospects for Eventual Economic Extraction (RPEEE) have been addressed by carrying out Pit Optimisation assuming open pit mining with mining costs, processing and transport costs and recoveries assuming processing at the Edna May plant located approximately 140 km by road from the deposit.”

Open Pit Miningneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: The economic assessment for the MRE assumes 'open pit mining' and refers to 'Pit Optimisation'.

Evidence · text

“Mining is assumed to be by conventional open pit methods.”

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Oxide mineralisation shows >96% recovery, which is exceptional for gold processing.

Evidence · text

“Oxide mineralisation has > 96% recovery”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: Oxide mineralisation is described with 'fast leach kinetics' and 'very low reagent consumption', indicating free-milling characteristics.

Evidence · text

“fast leach kinetics at P80 150 μm grind size and favourable rheology with very low reagent consumption”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: The metallurgy section discusses CIL processing for gold recovery.

Evidence · text

“recoveries via gravity/CIL alone”

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: The metallurgy section highlights a 'high gravity recoverable component' for oxide mineralization and discusses 'gravity/CIL' processing.

Evidence · text

“high gravity recoverable component”

POX/BIOX Routeneutral

Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.

Why it applies: the document describes a pox_biox route ("ultra-fine grinding")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 30. Some facts used in scoring do not have a stored record.

Resource Estimates (27)

indicatedTampia Deposit · goldTonnes: 2500000Grade: 118500Grade Unit: ouncesContained Metal: 118500Contained Unit: ozView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:ae9dd6948e030516f202
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
2500000
Grade
118500
Grade Unit
ounces
Contained Metal
118500
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The indicated gold resource represents a significant portion of the maiden MRE, providing a good grade for potential open-pit mining with reasonable geological confidence.

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.47 g/t Au)
  • Indicated category provides reasonable geological confidence

Evidence · table

“118,500”

Context: 2.5

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · arsenicTonnes: 2500000Grade: 1132Grade Unit: ppmView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
arsenic
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:ae9dd6948e030516f202
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
2500000
Grade
1132
Grade Unit
ppm
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The reported arsenic grade in the indicated resource is a potential penalty element, requiring careful consideration for processing and concentrate quality.

Negative factors

  • Presence of arsenic, which can be a penalty element or indicate processing complexities

Evidence · table

“1,132”

Context: 2.5

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · sulfurTonnes: 2500000Grade: 0.62Grade Unit: %View all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:ae9dd6948e030516f202
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
2500000
Grade
0.62
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The reported sulphur grade in the indicated resource is a potential factor for processing and environmental management.

Negative factors

  • Presence of sulphur, which can indicate processing complexities or environmental considerations

Evidence · table

“0.62”

Context: 2.5

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 2100000Grade: 104800Grade Unit: ouncesContained Metal: 104800Contained Unit: ozView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:7a205ffc617472f8a7da
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
2100000
Grade
104800
Grade Unit
ounces
Contained Metal
104800
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates.

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“104,800”

Context: 2.1

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · arsenicTonnes: 2100000Grade: 1286Grade Unit: ppmView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
arsenic
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:7a205ffc617472f8a7da
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
2100000
Grade
1286
Grade Unit
ppm
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The reported arsenic grade in the inferred resource is a potential penalty element, with lower confidence due to the resource category.

Negative factors

  • Presence of arsenic, which can be a penalty element or indicate processing complexities
  • Inferred category indicates lower geological confidence

Evidence · table

“1,286”

Context: 2.1

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · sulfurTonnes: 2100000Grade: 0.55Grade Unit: %View all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:7a205ffc617472f8a7da
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
2100000
Grade
0.55
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The reported sulphur grade in the inferred resource is a potential factor for processing and environmental management, with lower confidence due to the resource category.

Negative factors

  • Presence of sulphur, which can indicate processing complexities or environmental considerations
  • Inferred category indicates lower geological confidence

Evidence · table

“0.55”

Context: 2.1

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 4600000Grade: 223300Grade Unit: ouncesContained Metal: 223300Contained Unit: ozView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:228ba6b43cc3cd1545ac
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4600000
Grade
223300
Grade Unit
ounces
Contained Metal
223300
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The total maiden MRE establishes a new gold resource for the company with a good open-pit grade, although the overall contained ounces are relatively modest.

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good average grade for open pit mining (1.50 g/t Au)

Negative factors

  • Contained gold ounces are relatively modest (223.3 koz is below the weak threshold of 500 koz)
  • Total resource includes a significant inferred component

Evidence · table

“223,300”

Context: 4.6

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · arsenicTonnes: 4600000Grade: 1201Grade Unit: ppmView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
arsenic
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:228ba6b43cc3cd1545ac
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4600000
Grade
1201
Grade Unit
ppm
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The total reported arsenic grade in the maiden MRE is a potential penalty element, requiring careful consideration for processing and concentrate quality.

Negative factors

  • Presence of arsenic, which can be a penalty element or indicate processing complexities

Evidence · table

“1,201”

Context: 4.6

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · sulfurTonnes: 4600000Grade: 0.59Grade Unit: %View all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:228ba6b43cc3cd1545ac
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4600000
Grade
0.59
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The total reported sulphur grade in the maiden MRE is a potential factor for processing and environmental management.

Negative factors

  • Presence of sulphur, which can indicate processing complexities or environmental considerations

Evidence · table

“0.59”

Context: 4.6

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · sulfurTonnes: 2500000Grade: 0.62Grade Unit: %View all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:ae9dd6948e030516f202
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
2500000
Grade
0.62
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The indicated gold resource represents a significant portion of the maiden MRE, providing a good grade for potential open-pit mining with reasonable geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.47 g/t Au)
  • Indicated category provides reasonable geological confidence

Evidence · table

“0.62”

Context: 2.5

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · sulfurTonnes: 2100000Grade: 0.55Grade Unit: %View all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:7a205ffc617472f8a7da
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
2100000
Grade
0.55
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“0.55”

Context: 2.1

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · sulfurTonnes: 4600000Grade: 0.59Grade Unit: %View all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:228ba6b43cc3cd1545ac
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4600000
Grade
0.59
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The total maiden MRE establishes a new gold resource for the company with a good open-pit grade, although the overall contained ounces are relatively modest. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good average grade for open pit mining (1.50 g/t Au)

Negative factors

  • Contained gold ounces are relatively modest (223.3 koz is below the weak threshold of 500 koz)
  • Total resource includes a significant inferred component

Evidence · table

“0.59”

Context: 4.6

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · goldTonnes: 3200000Grade: 130000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:e677b1d6cc93b44e1c69
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
3200000
Grade
130000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The indicated gold resource represents a significant portion of the maiden MRE, providing a good grade for potential open-pit mining with reasonable geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.47 g/t Au)
  • Indicated category provides reasonable geological confidence

Evidence · table

“130,000”

Context: 3.2

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 2700000Grade: 117000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:7538b27cdb8133e06cdd
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
2700000
Grade
117000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“117,000”

Context: 2.7

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 5900000Grade: 247000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:26fc4b231221380803cd
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5900000
Grade
247000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“247,000”

Context: 5.9

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · goldTonnes: 2800000Grade: 124000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:282e76277bc257f05b4b
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
2800000
Grade
124000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The indicated gold resource represents a significant portion of the maiden MRE, providing a good grade for potential open-pit mining with reasonable geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.47 g/t Au)
  • Indicated category provides reasonable geological confidence

Evidence · table

“124,000”

Context: 2.8

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 2300000Grade: 109000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:28b099e24b8b2bf007ce
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
2300000
Grade
109000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“109,000”

Context: 2.3

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 5100000Grade: 233000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:e37383223ad6a9150259
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5100000
Grade
233000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“233,000”

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · goldTonnes: 2200000Grade: 111000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:18b2a43d3cc4d7d5ee6c
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
2200000
Grade
111000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The indicated gold resource represents a significant portion of the maiden MRE, providing a good grade for potential open-pit mining with reasonable geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.47 g/t Au)
  • Indicated category provides reasonable geological confidence

Evidence · table

“111,000”

Context: 2.2

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 1800000Grade: 97000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:e812c621a663c0bc9b29
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1800000
Grade
97000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“97,000”

Context: 1.8

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 4000000Grade: 208000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:0e38be6b123106d4513e
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4000000
Grade
208000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“208,000”

Context: 4.0

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · goldTonnes: 1900000Grade: 103000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:ad8d5c2081be7a9366a5
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
1900000
Grade
103000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The indicated gold resource represents a significant portion of the maiden MRE, providing a good grade for potential open-pit mining with reasonable geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.47 g/t Au)
  • Indicated category provides reasonable geological confidence

Evidence · table

“103,000”

Context: 1.9

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 1600000Grade: 91000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:d9e45cf91c1d3048a3ad
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000
Grade
91000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“91,000”

Context: 1.6

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 3500000Grade: 194000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:1e9c90665f266eeb2e13
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3500000
Grade
194000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“194,000”

Context: 3.5

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

indicatedTampia Deposit · goldTonnes: 1700000Grade: 97000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:3dd84c65ce1fb93159b8
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
1700000
Grade
97000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The indicated gold resource represents a significant portion of the maiden MRE, providing a good grade for potential open-pit mining with reasonable geological confidence. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.47 g/t Au)
  • Indicated category provides reasonable geological confidence

Evidence · table

“97,000”

Context: 1.7

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 1400000Grade: 85000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:9ba67bb1c206db466cbe
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1400000
Grade
85000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“85,000”

Context: 1.4

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

inferredTampia Deposit · goldTonnes: 3100000Grade: 182000Grade Unit: ouncesView all details
Link to this fact

Identity

Project
Tampia Deposit
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Lynn Widenbar
Resource group id
resource:c5dfbbe76d5e4d5cf4ea
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3100000
Grade
182000
Grade Unit
ounces
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-10-01

Metal Equivalent

Assumptions Disclosed
No

Lab

Laboratory
ALS, SGS, KalAssay, MinAnalytical, Genalysis

Location

CRS
MGA2020 Zone 50 (GDA2020)
EPSG
7850

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: The inferred gold resource contributes significantly to the maiden MRE, showing good grade but with lower geological confidence typical of early-stage estimates. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Maiden MRE for the company at this project
  • JORC compliant and QP signed
  • Good grade for open pit mining (1.56 g/t Au)

Negative factors

  • Inferred category indicates lower geological confidence

Evidence · table

“182,000”

Context: 3.1

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

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: the release compares against a previous estimate

Metallurgical Results (3)

leachTampia Project · goldRecovery: 85.6 %View all details
Link to this fact

Identity

Project
Tampia Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Test Work

Program Status
detailed
Test Type
leach
Processing Route
ultra-fine grinding with enhanced leaching
Sample
Flotation concentrate

Recovery

Recovery
85.6 %
Recovery Basis
actual_test

Lab

Consultant
JT Metallurgical Services

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Ultra-fine grinding and enhanced leaching of flotation concentrate achieves good gold recovery, providing a potential solution for refractory gold, though it may imply higher processing costs.

Positive factors

  • Good gold recovery (85.6%) from ultra-fine grinding and enhanced leaching of flotation concentrate

Negative factors

  • Ultra-fine grinding and enhanced leaching can be a more complex and costly processing route

Evidence · text

“Ultra-fine grinding (UFG) of the flotation concentrate with enhanced leaching returned 85.6% gold recovery”

Tags used in scoring

POX/BIOX Routeneutral

Pressure or bio-oxidation for refractory ore — high CAPEX and OPEX.

Why it applies: processing_route matches the pox_biox signal

flotationTampia Project · arsenicRecovery: 91.5 %View all details
Link to this fact

Identity

Project
Tampia Project
Commodity
arsenic
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Test Work

Program Status
detailed
Test Type
flotation
Processing Route
flotation
Sample
Fresh master composite gravity tailings
Grind P80
125 µm

Recovery

Recovery
91.5 %
Recovery Basis
to_concentrate
Mass Pull
5.2 %

Lab

Consultant
JT Metallurgical Services

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Flotation effectively recovers arsenic into the concentrate, which is positive for overall metal recovery but highlights the need to manage arsenic in the final product.

Positive factors

  • High arsenic recovery (91.5%) into flotation concentrate, indicating it can be managed

Negative factors

  • High recovery of arsenic into concentrate means it will be present in the final product, potentially leading to penalties

Evidence · text

“Two stage flotation of the fresh master composite gravity tailings recovered 89.7% of the gold, 91.5% of the arsenic and 98.8% of the sulphur at a 5.2% mass pull resulting in a flotation tailings grade of 0.18g/t Au”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

flotationTampia Project · sulfurRecovery: 98.8 %View all details
Link to this fact

Identity

Project
Tampia Project
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
FRS

Test Work

Program Status
detailed
Test Type
flotation
Processing Route
flotation
Sample
Fresh master composite gravity tailings
Grind P80
125 µm

Recovery

Recovery
98.8 %
Recovery Basis
to_concentrate
Mass Pull
5.2 %

Lab

Consultant
JT Metallurgical Services

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-06T00:00:00.000Z

Reasoning: Flotation effectively recovers sulphur into the concentrate, which is positive for overall metal recovery but highlights the need to manage sulphur in the final product.

Positive factors

  • Very high sulphur recovery (98.8%) into flotation concentrate, indicating it can be managed

Negative factors

  • High recovery of sulphur into concentrate means it will be present in the final product, potentially leading to environmental or processing considerations

Evidence · text

“Two stage flotation of the fresh master composite gravity tailings recovered 89.7% of the gold, 91.5% of the arsenic and 98.8% of the sulphur at a 5.2% mass pull resulting in a flotation tailings grade of 0.18g/t Au”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

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.