FUN: LiDAR Drone Survey and Exploration Update

Original announcement by asx on

Company
Fortuna Metals Limited
Ticker
FUN
Exchange
ASX
Region
Unavailable
Primary commodity
Titanium
Secondary commodities
Graphite, Rare earths
Document categories
Other, Drill results
Extracted
2026-10-20 22:25:48 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Fortuna Metals provided an exploration update for its Mkanda and Kampini projects in Malawi, announcing a LiDAR drone survey is underway at Mkanda to support future resource estimation and pre-feasibility studies. The company also confirmed the completion of phase 1 hand auger drilling at Kampini and infill drilling at Mkanda, with assay results from these programs and aircore drilling anticipated shortly. The release highlighted historical titanium drill results from Kampini but did not report any new assays.

Reasoning: The announcement provides an update on exploration activities, including a LiDAR survey for resource estimation and completed drilling programs, but does not report any new assay results. The drill results presented are historical and previously disclosed.

Positive factors

  • LiDAR survey underway to support resource upgrade and PFS
  • Drilling programs completed (infill and reconnaissance)
  • Training for push tube drilling completed for future resource work
  • In-country laboratory commissioned to accelerate assay turnaround
  • QA/QC procedures are disclosed in JORC Table 1

Negative factors

  • No new assay results are reported in this announcement
  • All drill results presented are historical and previously reported
  • Cautionary note regarding TiO2 assays not being a direct proxy for rutile determination
  • Significant aircore assay results are still pending

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

Facts used in scoring: 19

Classification and evidence

Stale Data Re-releasenegative · Story-specific tag

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill results presented in the document are explicitly stated as historical and previously reported, with no new assays from this release.

Evidence · text

“Kampini phase 1 hand auger completed – following up on historical drillholes that returned; ... All material results were reported in Fortuna Metals ASX announcement; Significant Historical Titanium Mineralisation Results, 7th October 2025.”

No QA/QC Disclosurenegative · Story-specific tag

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: The JORC Table 1 explicitly states 'No laboratory analysis has been conducted on samples in this ASX release,' meaning the quality of assay data for the reported results cannot be verified from this document.

Evidence · text

“No laboratory analysis has been conducted on samples in this ASX release.”

Apparent Width Onlynegative · Story-specific tag

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The JORC Table 1 commentary states that only downhole lengths are reported and true width is not known for the vertical hand auger drilling.

Evidence · text

“If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). Hand auger sampling has been completed vertically, which effectively cross-profiles the mineralisation that occurs sub-horizontally due to deposition by deflation and concentration in the eluvial setting.”

Deleterious Elements Presentnegative · Story-specific tag

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

Why it applies: A cautionary note highlights that titanium assays alone are not a proxy for rutile determination, implying potential for other titanium species or impurities that could affect economic value.

Evidence · text

“Cautionary Note: The Company cautions that titanium assays alone should not be considered a proxy for, or a substitute for complete rutile determination. Whilst rutile is expected to be the dominant titanium species, titanium assays alone on raw samples cannot determine rutile contribution to the assay and therefore should not be interpreted as an indication of rutile grade or economic value.”

Nearology Playneutral · Story-specific tag

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The project's value premise is linked to its proximity to Sovereign Metals Limited’s world-class Kasiya rutile project.

Evidence · text

“The Mkanda and Kampini Projects extend over an area of 658km² located in Malawi, ~20km south of Sovereign Metals Limited’s (ASX: SVM) world class Kasiya rutile project.”

Extracted facts

Stored fact records: 19. Some facts used in scoring do not have a stored record.

Drill Results (19)

LFHA0071Kampini · titaniumGrade: 1.46Grade Unit: %Intercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0071
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.46
Grade Unit
%
Intercept
8 m
From
0 m
To
8 m
Hole Depth
8 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0071:0-8
Mining Method
open_pit

Location

Easting
598350
Northing
8409996
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · text

“8m @ 1.46% TiO2 (LFHA0071) from 0 – 8m EOH”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0079Kampini · titaniumGrade: 2.14Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0079
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
2.14
Grade Unit
%
Intercept
7 m
From
0 m
To
7 m
Hole Depth
7 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0079:0-7
Mining Method
open_pit

Location

Easting
598833
Northing
8410001
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is strong for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · text

“7m @ 2.14% TiO2 (LFHA0079) from 0 – 7m EOH”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0085Kampini · titaniumGrade: 1.57Grade Unit: %Intercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0085
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.57
Grade Unit
%
Intercept
8 m
From
0 m
To
8 m
Hole Depth
8 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0085:0-8
Mining Method
open_pit

Location

Easting
599931
Northing
8410000
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · text

“8m @ 1.57% TiO2 (LFHA0085) from 0 – 8m EOH”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

MGHA0737Mkanda · titaniumGrade: 1.35Grade Unit: %Intercept: 10 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MGHA0737
Project
Mkanda
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.35
Grade Unit
%
Intercept
10 m
From
0 m
To
10 m
Hole Depth
10 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
MGHA0737:0-10
Mining Method
open_pit

Location

Easting
568400
Northing
8436800
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Mkanda, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.35”

Context: 10

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

MGHA0765Mkanda · titaniumGrade: 1.26Grade Unit: %Intercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MGHA0765
Project
Mkanda
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.26
Grade Unit
%
Intercept
4 m
From
6 m
To
10 m
Hole Depth
10 m
Intercept Depth
6 m

Classification

Sample Type
drill
Group ID
MGHA0765:6-10
Mining Method
open_pit

Location

Easting
569420
Northing
8436800
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Mkanda, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.26”

Context: 4

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

MGHA0773Mkanda · titaniumGrade: 1.68Grade Unit: %Intercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MGHA0773
Project
Mkanda
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.68
Grade Unit
%
Intercept
2 m
From
6 m
To
8 m
Hole Depth
8 m
Intercept Depth
6 m

Classification

Sample Type
drill
Group ID
MGHA0773:6-8
Mining Method
open_pit

Location

Easting
568961
Northing
8436800
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Mkanda, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.68”

Context: 2

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

MGHA0781Mkanda · titaniumGrade: 1.41Grade Unit: %Intercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MGHA0781
Project
Mkanda
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.41
Grade Unit
%
Intercept
5 m
From
2 m
To
7 m
Hole Depth
7 m
Intercept Depth
2 m

Classification

Sample Type
drill
Group ID
MGHA0781:2-7
Mining Method
open_pit

Location

Easting
568520
Northing
8436800
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Mkanda, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.41”

Context: 5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

MGHA0787Mkanda · titaniumGrade: 1.49Grade Unit: %Intercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MGHA0787
Project
Mkanda
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.49
Grade Unit
%
Intercept
4 m
From
3 m
To
7 m
Hole Depth
7 m
Intercept Depth
3 m

Classification

Sample Type
drill
Group ID
MGHA0787:3-7
Mining Method
open_pit

Location

Easting
568260
Northing
8436800
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Mkanda, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.49”

Context: 4

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0063Kampini · titaniumGrade: 2.19Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0063
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
2.19
Grade Unit
%
Intercept
7 m
From
0 m
To
7 m
Hole Depth
7 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0063:0-7
Mining Method
open_pit

Location

Easting
599525
Northing
8417498
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is strong for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“2.19”

Context: 7

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0070Kampini · titaniumGrade: 1.71Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0070
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.71
Grade Unit
%
Intercept
6 m
From
0 m
To
6 m
Hole Depth
6 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0070:0-6
Mining Method
open_pit

Location

Easting
598291
Northing
8410000
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.71”

Context: 6

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0074Kampini · titaniumGrade: 1.83Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0074
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.83
Grade Unit
%
Intercept
3 m
From
0 m
To
3 m
Hole Depth
3 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0074:0-3
Mining Method
open_pit

Location

Easting
598561
Northing
8410000
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.83”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0075Kampini · titaniumGrade: 2.03Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0075
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
2.03
Grade Unit
%
Intercept
3 m
From
0 m
To
3 m
Hole Depth
3 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0075:0-3
Mining Method
open_pit

Location

Easting
598580
Northing
8410000
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is strong for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“2.03”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0076Kampini · titaniumGrade: 2.19Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0076
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
2.19
Grade Unit
%
Intercept
3 m
From
0 m
To
3 m
Hole Depth
3 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0076:0-3
Mining Method
open_pit

Location

Easting
598600
Northing
8410000
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is strong for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“2.19”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0077Kampini · titaniumGrade: 1.92Grade Unit: %Intercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0077
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.92
Grade Unit
%
Intercept
3 m
From
0 m
To
3 m
Hole Depth
3 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0077:0-3
Mining Method
open_pit

Location

Easting
598620
Northing
8410001
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.92”

Context: 3

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0080Kampini · titaniumGrade: 1.6Grade Unit: %Intercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0080
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.6
Grade Unit
%
Intercept
8 m
From
0 m
To
8 m
Hole Depth
8 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0080:0-8
Mining Method
open_pit

Location

Easting
598850
Northing
8410000
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.6”

Context: 8

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0081Kampini · titaniumGrade: 1.85Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0081
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.85
Grade Unit
%
Intercept
7 m
From
0 m
To
7 m
Hole Depth
7 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0081:0-7
Mining Method
open_pit

Location

Easting
598870
Northing
8409999
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.85”

Context: 7

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0082Kampini · titaniumGrade: 1.77Grade Unit: %Intercept: 7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0082
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.77
Grade Unit
%
Intercept
7 m
From
0 m
To
7 m
Hole Depth
7 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0082:0-7
Mining Method
open_pit

Location

Easting
598889
Northing
8410003
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.77”

Context: 7

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0086Kampini · titaniumGrade: 1.36Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0086
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.36
Grade Unit
%
Intercept
6 m
From
0 m
To
6 m
Hole Depth
6 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0086:0-6
Mining Method
open_pit

Location

Easting
599990
Northing
8409999
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.36”

Context: 6

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

LFHA0088Kampini · titaniumGrade: 1.6Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
LFHA0088
Project
Kampini
Commodity
titanium
Region
malawi
Reported Region
malawi
Ticker
FUN

Geometry

Grade
1.6
Grade Unit
%
Intercept
6 m
From
0 m
To
6 m
Hole Depth
6 m
Intercept Depth
0 m

Classification

Sample Type
drill
Group ID
LFHA0088:0-6
Mining Method
open_pit

Location

Easting
595925
Northing
8410000
CRS
UTM WGS84 (Zones 36S)
Loc. Confidence
medium
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, duplicates

Deleterious

Deleterious Flag
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-10-07T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: Historical drill result from Kampini, previously reported. The grade is moderate for titanium heavy mineral sands, but the result is not new.

Negative factors

  • Result is historical and previously reported
  • Apparent width only, true width not known
  • TiO2 assay not a direct proxy for rutile

Evidence · table

“1.6”

Context: 6

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.