FUN: Outstanding Deeper Rutile Results

Original announcement by asx on

Company
Fortuna Metals Limited
Ticker
FUN
Exchange
ASX
Region
Unavailable
Primary commodity
Titanium
Secondary commodities
None reported
Document categories
Drill results
Extracted
2026-10-07 22:20:21 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Fortuna Metals has reported outstanding rutile drill results from its maiden aircore program at the Mlongo prospect within the Mkanda Project in Malawi. The program successfully extended high-grade mineralization below the current Inferred Mineral Resource Estimate, including the project's highest recorded rutile grade of 3.43% over 2m within a broader 7m interval at 2.27% rutile. These results demonstrate a world-class, high-grade rutile system with significant potential for resource growth.

Reasoning: The maiden aircore drill program at Mlongo prospect delivered exceptional, high-grade rutile results, including the highest grade recorded for the project, extending mineralization below the existing MRE and indicating significant potential for resource growth.

Positive factors

  • Exceptional high-grade rutile intercepts
  • Highest grade rutile recorded for the project (3.43%)
  • Significant widths of mineralization
  • Extension of mineralization below the current Inferred MRE
  • Maiden aircore drill program success
  • Potential for significant resource growth

Facts used in scoring: 28

Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

Drill Results (28)

MAC26_047Mkanda · titaniumGrade: 1.5Grade Unit: %Intercept: 24 mView all details
Link to this fact

Identity

Hole ID
MAC26_047
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.5
Grade Unit
%
Intercept
24 m
From
0 m
To
24 m
Hole Depth
24 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_047:0-24
Mining Method
open_pit

Location

Easting
556999
Northing
8442996
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a high grade over a significant width, exceeding the project's average grade and extending mineralization below the current MRE, indicating strong potential.

Positive factors

  • High grade (1.5% rutile vs 1.438% project average)
  • Significant width (24m)
  • Extension of mineralization below MRE

Evidence · table

“1.50”

Context: 24.00m @ 1.50 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_019Mkanda · titaniumGrade: 1.17Grade Unit: %Intercept: 25 mView all details
Link to this fact

Identity

Hole ID
MAC26_019
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.17
Grade Unit
%
Intercept
25 m
From
0 m
To
25 m
Hole Depth
25 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_019:0-25
Mining Method
open_pit

Location

Easting
556001
Northing
8443394
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good width (25m)
  • Extension of mineralization below MRE

Evidence · table

“1.17”

Context: 25.00m @ 1.17 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_036Mkanda · titaniumGrade: 1.07Grade Unit: %Intercept: 21 mView all details
Link to this fact

Identity

Hole ID
MAC26_036
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.07
Grade Unit
%
Intercept
21 m
From
0 m
To
21 m
Hole Depth
21 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_036:0-21
Mining Method
open_pit

Location

Easting
556403
Northing
8443199
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good width (21m)
  • Extension of mineralization below MRE

Evidence · table

“1.07”

Context: 21.00m @ 1.07 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_046Mkanda · titaniumGrade: 0.62Grade Unit: %Intercept: 30 mView all details
Link to this fact

Identity

Hole ID
MAC26_046
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.62
Grade Unit
%
Intercept
30 m
From
0 m
To
30 m
Hole Depth
30 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_046:0-30
Mining Method
open_pit

Location

Easting
556998
Northing
8443206
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a very good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Very good width (30m)
  • Extension of mineralization below MRE

Evidence · table

“0.62”

Context: 30.00m @ 0.62 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_016Mkanda · titaniumGrade: 2.27Grade Unit: %Intercept: 7 mView all details
Link to this fact

Identity

Hole ID
MAC26_016
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
2.27
Grade Unit
%
Intercept
7 m
From
26 m
To
33 m
Hole Depth
33 m
Intercept Depth
26 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_016:26-33
Mining Method
open_pit

Location

Easting
556401
Northing
8443601
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows an exceptional high grade, significantly above the project average, and extends mineralization below the current MRE, with the hole ending in mineralization, indicating strong potential at depth.

Positive factors

  • Exceptional high grade (2.27% rutile vs 1.438% project average)
  • Extension of mineralization below MRE
  • Remained in mineralisation at EOH

Evidence · table

“2.27”

Context: 7.00m @ 2.27 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The grade of 2.27% rutile is significantly higher than the project's average grade of 1.438% and is part of the 'highest grade rutile for the project recorded to date'.

Evidence · text

“7m @ 2.27% rutile (MAC26_016) from 26m to 33m EOH”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_016Mkanda · titaniumGrade: 3.43Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
MAC26_016
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
3.43
Grade Unit
%
Intercept
2 m
From
30 m
To
32 m
Hole Depth
33 m
Intercept Depth
30 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_016:30-32
Mining Method
open_pit

Location

Easting
556401
Northing
8443601
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept represents the highest grade rutile recorded for the project to date, significantly exceeding the project average and extending mineralization below the current MRE, indicating exceptional potential at depth.

Positive factors

  • Exceptional high grade (3.43% rutile vs 1.438% project average)
  • Highest grade rutile for the project recorded to date
  • Extension of mineralization below MRE

Evidence · text

“3.43% rutile – the highest grade rutile for the project recorded to date from 30-32m depth within a broader zone of 7m @ 2.27% rutile (MAC26_016)”

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The grade of 3.43% rutile is explicitly stated as 'the highest grade rutile for the project recorded to date'.

Evidence · text

“3.43% rutile – the highest grade rutile for the project recorded to date”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_035Mkanda · titaniumGrade: 0.72Grade Unit: %Intercept: 16 mView all details
Link to this fact

Identity

Hole ID
MAC26_035
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.72
Grade Unit
%
Intercept
16 m
From
0 m
To
16 m
Hole Depth
21 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_035:0-16
Mining Method
open_pit

Location

Easting
556399
Northing
8443003
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (16m)
  • Extension of mineralization below MRE

Evidence · table

“0.72”

Context: 16.00m @ 0.72 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_037Mkanda · titaniumGrade: 1.13Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
MAC26_037
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.13
Grade Unit
%
Intercept
8 m
From
0 m
To
8 m
Hole Depth
24 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_037:0-8
Mining Method
open_pit

Location

Easting
556399
Northing
8443396
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good grade of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good grade (1.13% rutile vs 1.438% project average)
  • Extension of mineralization below MRE

Evidence · table

“1.13”

Context: 8.00m @ 1.13 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_030Mkanda · titaniumGrade: 0.66Grade Unit: %Intercept: 10 mView all details
Link to this fact

Identity

Hole ID
MAC26_030
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.66
Grade Unit
%
Intercept
10 m
From
0 m
To
10 m
Hole Depth
23 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_030:0-10
Mining Method
open_pit

Location

Easting
555998
Northing
8443008
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (10m)
  • Extension of mineralization below MRE

Evidence · table

“0.66”

Context: 10.00m @ 0.66 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_016Mkanda · titaniumGrade: 1.01Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
MAC26_016
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.01
Grade Unit
%
Intercept
6 m
From
0 m
To
6 m
Hole Depth
33 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_016:0-6
Mining Method
open_pit

Location

Easting
556401
Northing
8443601
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good grade of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good grade (1.01% rutile vs 1.438% project average)
  • Extension of mineralization below MRE

Evidence · table

“1.01”

Context: 6.00m @ 1.01 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_031Mkanda · titaniumGrade: 0.81Grade Unit: %Intercept: 7 mView all details
Link to this fact

Identity

Hole ID
MAC26_031
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.81
Grade Unit
%
Intercept
7 m
From
14 m
To
21 m
Hole Depth
21 m
Intercept Depth
14 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_031:14-21
Mining Method
open_pit

Location

Easting
555997
Northing
8443201
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (7m)
  • Extension of mineralization below MRE

Evidence · table

“0.81”

Context: 7.00m @ 0.81 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_040Mkanda · titaniumGrade: 0.68Grade Unit: %Intercept: 8 mView all details
Link to this fact

Identity

Hole ID
MAC26_040
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.68
Grade Unit
%
Intercept
8 m
From
0 m
To
8 m
Hole Depth
21 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_040:0-8
Mining Method
open_pit

Location

Easting
556594
Northing
8442996
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (8m)
  • Extension of mineralization below MRE

Evidence · table

“0.68”

Context: 8.00m @ 0.68 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_043Mkanda · titaniumGrade: 0.85Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
MAC26_043
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.85
Grade Unit
%
Intercept
6 m
From
0 m
To
6 m
Hole Depth
18 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_043:0-6
Mining Method
open_pit

Location

Easting
556796
Northing
8443194
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (6m)
  • Extension of mineralization below MRE

Evidence · table

“0.85”

Context: 6.00m @ 0.85 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_031Mkanda · titaniumGrade: 0.77Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
MAC26_031
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.77
Grade Unit
%
Intercept
6 m
From
0 m
To
6 m
Hole Depth
21 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_031:0-6
Mining Method
open_pit

Location

Easting
555997
Northing
8443201
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (6m)
  • Extension of mineralization below MRE

Evidence · table

“0.77”

Context: 6.00m @ 0.77 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_018Mkanda · titaniumGrade: 1.01Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
MAC26_018
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.01
Grade Unit
%
Intercept
4 m
From
16 m
To
20 m
Hole Depth
24 m
Intercept Depth
16 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_018:16-20
Mining Method
open_pit

Location

Easting
555994
Northing
8443602
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good grade of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good grade (1.01% rutile vs 1.438% project average)
  • Extension of mineralization below MRE

Evidence · table

“1.01”

Context: 4.00m @ 1.01 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_041Mkanda · titaniumGrade: 2Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
MAC26_041
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
2
Grade Unit
%
Intercept
2 m
From
0 m
To
2 m
Hole Depth
18 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_041:0-2
Mining Method
open_pit

Location

Easting
556593
Northing
8442996
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a high grade of mineralization, significantly above the project average, and extends below the current MRE, indicating strong potential.

Positive factors

  • High grade (2.0% rutile vs 1.438% project average)
  • Extension of mineralization below MRE

Evidence · table

“2.00”

Context: 2.00m @ 2.00 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

Exceptionally high-grade zone, well above the deposit-type norm.

Reason: The grade of 2.0% rutile is significantly higher than the project's average grade of 1.438%.

Evidence · text

“2.00 %”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_040Mkanda · titaniumGrade: 0.98Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
MAC26_040
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.98
Grade Unit
%
Intercept
4 m
From
16 m
To
20 m
Hole Depth
21 m
Intercept Depth
16 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_040:16-20
Mining Method
open_pit

Location

Easting
556594
Northing
8442996
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the project average.

Positive factors

  • Good width (4m)
  • Extension of mineralization below MRE

Evidence · table

“0.98”

Context: 4.00m @ 0.98 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_034Mkanda · titaniumGrade: 0.9Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
MAC26_034
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.9
Grade Unit
%
Intercept
4 m
From
0 m
To
4 m
Hole Depth
27 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_034:0-4
Mining Method
open_pit

Location

Easting
556200
Northing
8443002
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the project average.

Positive factors

  • Good width (4m)
  • Extension of mineralization below MRE

Evidence · table

“0.90”

Context: 4.00m @ 0.90 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_044Mkanda · titaniumGrade: 0.85Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
MAC26_044
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.85
Grade Unit
%
Intercept
4 m
From
12 m
To
16 m
Hole Depth
21 m
Intercept Depth
12 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_044:12-16
Mining Method
open_pit

Location

Easting
556801
Northing
8443395
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the project average.

Positive factors

  • Good width (4m)
  • Extension of mineralization below MRE

Evidence · table

“0.85”

Context: 4.00m @ 0.85 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_034Mkanda · titaniumGrade: 0.66Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
MAC26_034
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.66
Grade Unit
%
Intercept
5 m
From
22 m
To
27 m
Hole Depth
27 m
Intercept Depth
22 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_034:22-27
Mining Method
open_pit

Location

Easting
556200
Northing
8443002
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (5m)
  • Extension of mineralization below MRE

Evidence · table

“0.66”

Context: 5.00m @ 0.66 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_039Mkanda · titaniumGrade: 0.76Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
MAC26_039
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.76
Grade Unit
%
Intercept
4 m
From
0 m
To
4 m
Hole Depth
27 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_039:0-4
Mining Method
open_pit

Location

Easting
556611
Northing
8443213
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (4m)
  • Extension of mineralization below MRE

Evidence · table

“0.76”

Context: 4.00m @ 0.76 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_016Mkanda · titaniumGrade: 0.65Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
MAC26_016
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.65
Grade Unit
%
Intercept
4 m
From
10 m
To
14 m
Hole Depth
33 m
Intercept Depth
10 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_016:10-14
Mining Method
open_pit

Location

Easting
556401
Northing
8443601
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the cut-off.

Positive factors

  • Good width (4m)
  • Extension of mineralization below MRE

Evidence · table

“0.65”

Context: 4.00m @ 0.65 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_033Mkanda · titaniumGrade: 1.28Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
MAC26_033
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.28
Grade Unit
%
Intercept
2 m
From
0 m
To
2 m
Hole Depth
30 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_033:0-2
Mining Method
open_pit

Location

Easting
556197
Northing
8443199
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good grade of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good grade (1.28% rutile vs 1.438% project average)
  • Extension of mineralization below MRE

Evidence · table

“1.28”

Context: 2.00m @ 1.28 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_044Mkanda · titaniumGrade: 1.21Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
MAC26_044
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.21
Grade Unit
%
Intercept
2 m
From
0 m
To
2 m
Hole Depth
21 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_044:0-2
Mining Method
open_pit

Location

Easting
556801
Northing
8443395
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good grade of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good grade (1.21% rutile vs 1.438% project average)
  • Extension of mineralization below MRE

Evidence · table

“1.21”

Context: 2.00m @ 1.21 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_018Mkanda · titaniumGrade: 1.11Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
MAC26_018
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
1.11
Grade Unit
%
Intercept
2 m
From
0 m
To
2 m
Hole Depth
24 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_018:0-2
Mining Method
open_pit

Location

Easting
555994
Northing
8443602
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good grade of mineralization, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Good grade (1.11% rutile vs 1.438% project average)
  • Extension of mineralization below MRE

Evidence · table

“1.11”

Context: 2.00m @ 1.11 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_038Mkanda · titaniumGrade: 0.98Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
MAC26_038
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.98
Grade Unit
%
Intercept
2 m
From
0 m
To
2 m
Hole Depth
21 m
Intercept Depth
0 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_038:0-2
Mining Method
open_pit

Location

Easting
556599
Northing
8443402
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows a good width of mineralization, extending below the current MRE, which is a positive indicator for resource potential, although the grade is closer to the project average.

Positive factors

  • Good width (2m)
  • Extension of mineralization below MRE

Evidence · table

“0.98”

Context: 2.00m @ 0.98 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_018Mkanda · titaniumGrade: 0.56Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
MAC26_018
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.56
Grade Unit
%
Intercept
2 m
From
8 m
To
10 m
Hole Depth
24 m
Intercept Depth
8 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_018:8-10
Mining Method
open_pit

Location

Easting
555994
Northing
8443602
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows mineralization above the cut-off grade, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Above cut-off grade
  • Extension of mineralization below MRE

Evidence · table

“0.56”

Context: 2.00m @ 0.56 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”
MAC26_044Mkanda · titaniumGrade: 0.97Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
MAC26_044
Project
Mkanda
Commodity
titanium
Region
malawi, africa
Reported Region
malawi, africa
Ticker
FUN

Geometry

Grade
0.97
Grade Unit
%
Intercept
1 m
From
20 m
To
21 m
Hole Depth
21 m
Intercept Depth
20 m

Classification

Deposit Type
eluvial
Program
exploration
Sample Type
drill
Group ID
MAC26_044:20-21
Mining Method
open_pit

Location

Easting
556801
Northing
8443395
CRS
WGS84 Zone 36S
EPSG
32736
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Scientific Services
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-07T00:00:00.000Z

Reasoning: This intercept shows mineralization above the cut-off grade, extending below the current MRE, which is a positive indicator for resource potential.

Positive factors

  • Above cut-off grade
  • Extension of mineralization below MRE

Evidence · table

“0.97”

Context: 1.00m @ 0.97 %

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The results are from a maiden aircore drill program at Mlongo prospect and are described as 'below the base of the current Inferred Mineral Resource Estimate (MRE)'.

Evidence · text

“Mkanda maiden aircore drill program at Mlongo prospect delivers exceptional results below the base of the current Inferred Mineral Resource Estimate (MRE)”

QA/QC DisclosedRejected · positive

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

Reason: The release includes a JORC Table 1 with detailed commentary on sampling techniques, quality control procedures (standards, blanks, duplicates), and laboratory processes.

Evidence · text

“JORC Code, 2012 Edition – Table 1”

Compositing TransparentRejected · positive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Reason: The document explicitly states that 'Intercepts are length-weighted averages of 2m composite samples... with no internal dilution. No top cut has been applied.'

Evidence · text

“Intercepts are length-weighted averages above a 0.5% rutile cut-off, with no internal dilution. No top cut has been applied”

Cut-off DisclosedRejected · positive · Story-specific tag

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

Reason: A cut-off grade of 0.5% rutile has been explicitly applied for reporting intercepts.

Evidence · text

“A cut-off of 0.5% rutile has been applied.”

QP/CP SignedRejected · positive · Story-specific tag

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.

Reason: Mr Thomas Langley, a member of the Australian Institute of Geoscientists (MAIG) and the Australasian Institute of Mining and Metallurgy (MAusIMM), is named as the Competent Person responsible for the information.

Evidence · text

“The information in this document that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Thomas Langley who is a member of the Australian Institute of Geoscientists (MAIG) and a member of the Australasian Institute of Mining and Metallurgy (MAusIMM).”

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.