# FUN: Outstanding Deeper Rutile Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149841 Publisher: asx Original announcement: 2026-10-07T21:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-07T22:20:20.779Z Atlas analysis updated: 2026-10-07T22:20:20.779Z - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Exceptional high-grade rutile intercepts - Positive factor: Highest grade rutile recorded for the project \(3.43%\) - Positive factor: Significant widths of mineralization - Positive factor: Extension of mineralization below the current Inferred MRE - Positive factor: Maiden aircore drill program success - Positive factor: Potential for significant resource growth Facts used in scoring: 28 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 28. Some facts used in scoring do not have a stored record. ## Drill Results (28) ### MAC26\_047 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-0) Mkanda · titanium #### 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 factor: High grade \(1.5% rutile vs 1.438% project average\) - Positive factor: Significant width \(24m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.50 Context: 24.00m @ 1.50 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_019 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-1) Mkanda · titanium #### 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 factor: Good width \(25m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.17 Context: 25.00m @ 1.17 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_036 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-2) Mkanda · titanium #### 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 factor: Good width \(21m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.07 Context: 21.00m @ 1.07 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_046 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-3) Mkanda · titanium #### 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 factor: Very good width \(30m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.62 Context: 30.00m @ 0.62 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_016 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-4) Mkanda · titanium #### 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 factor: Exceptional high grade \(2.27% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE - Positive factor: Remained in mineralisation at EOH Evidence · table > 2.27 Context: 7.00m @ 2.27 % #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_016 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-5) Mkanda · titanium #### 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 factor: Exceptional high grade \(3.43% rutile vs 1.438% project average\) - Positive factor: Highest grade rutile for the project recorded to date - Positive factor: 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 **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_035 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-6) Mkanda · titanium #### 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 factor: Good width \(16m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.72 Context: 16.00m @ 0.72 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_037 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-7) Mkanda · titanium #### 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 factor: Good grade \(1.13% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.13 Context: 8.00m @ 1.13 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_030 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-8) Mkanda · titanium #### 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 factor: Good width \(10m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.66 Context: 10.00m @ 0.66 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_016 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-9) Mkanda · titanium #### 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 factor: Good grade \(1.01% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.01 Context: 6.00m @ 1.01 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_031 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-10) Mkanda · titanium #### 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 factor: Good width \(7m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.81 Context: 7.00m @ 0.81 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_040 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-11) Mkanda · titanium #### 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 factor: Good width \(8m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.68 Context: 8.00m @ 0.68 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_043 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-12) Mkanda · titanium #### 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 factor: Good width \(6m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.85 Context: 6.00m @ 0.85 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_031 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-13) Mkanda · titanium #### 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 factor: Good width \(6m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.77 Context: 6.00m @ 0.77 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_018 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-14) Mkanda · titanium #### 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 factor: Good grade \(1.01% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.01 Context: 4.00m @ 1.01 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_041 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-15) Mkanda · titanium #### 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 factor: High grade \(2.0% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE Evidence · table > 2.00 Context: 2.00m @ 2.00 % #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_040 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-16) Mkanda · titanium #### 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 factor: Good width \(4m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.98 Context: 4.00m @ 0.98 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_034 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-17) Mkanda · titanium #### 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 factor: Good width \(4m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.90 Context: 4.00m @ 0.90 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_044 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-18) Mkanda · titanium #### 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 factor: Good width \(4m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.85 Context: 4.00m @ 0.85 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_034 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-19) Mkanda · titanium #### 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 factor: Good width \(5m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.66 Context: 5.00m @ 0.66 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_039 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-20) Mkanda · titanium #### 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 factor: Good width \(4m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.76 Context: 4.00m @ 0.76 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_016 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-21) Mkanda · titanium #### 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 factor: Good width \(4m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.65 Context: 4.00m @ 0.65 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_033 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-22) Mkanda · titanium #### 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 factor: Good grade \(1.28% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.28 Context: 2.00m @ 1.28 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_044 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-23) Mkanda · titanium #### 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 factor: Good grade \(1.21% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.21 Context: 2.00m @ 1.21 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_018 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-24) Mkanda · titanium #### 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 factor: Good grade \(1.11% rutile vs 1.438% project average\) - Positive factor: Extension of mineralization below MRE Evidence · table > 1.11 Context: 2.00m @ 1.11 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_038 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-25) Mkanda · titanium #### 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 factor: Good width \(2m\) - Positive factor: Extension of mineralization below MRE Evidence · table > 0.98 Context: 2.00m @ 0.98 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_018 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-26) Mkanda · titanium #### 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 factor: Above cut-off grade - Positive factor: Extension of mineralization below MRE Evidence · table > 0.56 Context: 2.00m @ 0.56 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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\_044 [Link to this fact](https://atlas-staging.minestarters.com/news/fun-outstanding-deeper-rutile-results--32e96354-0da8-489d-9741-612cbb8b73c4#fact-drill-facts-27) Mkanda · titanium #### 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 factor: Above cut-off grade - Positive factor: Extension of mineralization below MRE Evidence · table > 0.97 Context: 1.00m @ 0.97 % #### Rejected tags **Step-Out Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Transparent** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: 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 Signed** — Rejected; excluded from scoring Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. 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.