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

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149208

Publisher: asx

Original announcement: 2026-10-06T21:18:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-06T22:30:10.855Z

Atlas analysis updated: 2026-10-06T22:30:10.855Z

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good average grade for open pit mining \(1.50 g/t Au\)

- Positive factor: Strong M&I confidence \(54.3% Indicated\)

- Positive factor: High metallurgical recoveries for both oxide \(>96%\) and fresh \(91.4%\) gold

- Negative factor: Contained gold ounces are relatively modest \(223.3 koz is below the weak threshold of 500 koz\)

- Negative factor: Significant portion of the resource is Inferred \(45.7%\)

- Negative factor: 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 Resource**

Polarity: neutral

Definition: 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 Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: 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 Compliant**

Polarity: positive

Definition: 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 Resource**

Polarity: negative

Definition: 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 Present**

Polarity: negative

Story-specific tag

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Resource**

Polarity: positive

Definition: 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-Supporting**

Polarity: neutral

Definition: 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 Mining**

Polarity: neutral

Story-specific tag

Definition: 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 Recovery**

Polarity: positive

Definition: 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 Milling**

Polarity: positive

Definition: 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 Route**

Polarity: neutral

Definition: 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 Route**

Polarity: neutral

Definition: 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 Route**

Polarity: neutral

Definition: 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 Tested**

Polarity: positive

Definition: 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)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-0)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.47 g/t Au\)

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 118,500

Context: 2.5

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-1)

Tampia Deposit · arsenic

#### 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 factor: 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 Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-2)

Tampia Deposit · sulfur

#### 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 factor: Presence of sulphur, which can indicate processing complexities or environmental considerations

Evidence · table

> 0.62

Context: 2.5

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-3)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 104,800

Context: 2.1

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-4)

Tampia Deposit · arsenic

#### 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 factor: Presence of arsenic, which can be a penalty element or indicate processing complexities

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 1,286

Context: 2.1

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-5)

Tampia Deposit · sulfur

#### 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 factor: Presence of sulphur, which can indicate processing complexities or environmental considerations

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 0.55

Context: 2.1

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-6)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good average grade for open pit mining \(1.50 g/t Au\)

- Negative factor: Contained gold ounces are relatively modest \(223.3 koz is below the weak threshold of 500 koz\)

- Negative factor: Total resource includes a significant inferred component

Evidence · table

> 223,300

Context: 4.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-7)

Tampia Deposit · arsenic

#### 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 factor: 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 Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-8)

Tampia Deposit · sulfur

#### 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 factor: Presence of sulphur, which can indicate processing complexities or environmental considerations

Evidence · table

> 0.59

Context: 4.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-12)

Tampia Deposit · sulfur

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.47 g/t Au\)

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 0.62

Context: 2.5

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-13)

Tampia Deposit · sulfur

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 0.55

Context: 2.1

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-14)

Tampia Deposit · sulfur

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good average grade for open pit mining \(1.50 g/t Au\)

- Negative factor: Contained gold ounces are relatively modest \(223.3 koz is below the weak threshold of 500 koz\)

- Negative factor: Total resource includes a significant inferred component

Evidence · table

> 0.59

Context: 4.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-15)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.47 g/t Au\)

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 130,000

Context: 3.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-16)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 117,000

Context: 2.7

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-17)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 247,000

Context: 5.9

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-18)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.47 g/t Au\)

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 124,000

Context: 2.8

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-19)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 109,000

Context: 2.3

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-20)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 233,000

Context: 5.1

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-21)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.47 g/t Au\)

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 111,000

Context: 2.2

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-22)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 97,000

Context: 1.8

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-23)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 208,000

Context: 4.0

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-24)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.47 g/t Au\)

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 103,000

Context: 1.9

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-25)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 91,000

Context: 1.6

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-26)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 194,000

Context: 3.5

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-27)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.47 g/t Au\)

- Positive factor: Indicated category provides reasonable geological confidence

Evidence · table

> 97,000

Context: 1.7

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-28)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 85,000

Context: 1.4

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-resource-facts-29)

Tampia Deposit · gold

#### 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 factor: Maiden MRE for the company at this project

- Positive factor: JORC compliant and QP signed

- Positive factor: Good grade for open pit mining \(1.56 g/t Au\)

- Negative factor: Inferred category indicates lower geological confidence

Evidence · table

> 182,000

Context: 3.1

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

**Resource Update**

Polarity: neutral

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

Why it applies: the release compares against a previous estimate

## Metallurgical Results (3)

### leach

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-metallurgical-facts-9)

Tampia Project · gold

#### 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 factor: Good gold recovery \(85.6%\) from ultra-fine grinding and enhanced leaching of flotation concentrate

- Negative factor: 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 Route**

Polarity: neutral

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

Why it applies: processing\_route matches the pox\_biox signal

### flotation

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-metallurgical-facts-10)

Tampia Project · arsenic

#### 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 factor: High arsenic recovery \(91.5%\) into flotation concentrate, indicating it can be managed

- Negative factor: 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 Route**

Polarity: neutral

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

Why it applies: processing\_route matches the flotation signal

### flotation

[Link to this fact](https://atlas-staging.minestarters.com/news/frs-223-000oz-maiden-mineral-resource-estimate-defined-at-tampia--02146ee2-21bf-4f11-a772-ce2d0a5ea102#fact-metallurgical-facts-11)

Tampia Project · sulfur

#### 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 factor: Very high sulphur recovery \(98.8%\) into flotation concentrate, indicating it can be managed

- Negative factor: 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 Route**

Polarity: neutral

Definition: 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.