# G88: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146091 Publisher: asx Original announcement: 2026-09-30T02:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T03:07:50.470Z Atlas analysis updated: 2026-09-30T03:07:50.470Z - Company: Golden Mile Resources Ltd - Ticker: G88 - Exchange: ASX - Region: Western Australia, Arizona, USA - Primary commodity: Gold - Secondary commodities: Copper, Molybdenum, Nickel, Cobalt, Silver, Lead - Document categories: Resource update, Agreement transaction, Other, Drill results - Extracted: 2026-09-30 03:07:51 UTC Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas summary Golden Mile Resources Ltd's annual report highlights promising early-stage exploration results from its Arizona projects, including widespread gold mineralization at the Aurora Prospect and significant copper-molybdenum assays at the Leviathan Project. The company also continues to advance its Quicksilver Nickel-Cobalt Project in Western Australia, with a review underway to potentially upgrade its existing Mineral Resource Estimate. Despite these operational advancements, the company reported a significant loss and faces a material uncertainty regarding its ability to continue as a going concern, as noted by its auditor. Reasoning: The annual report highlights promising early-stage exploration results for gold and copper-molybdenum in Arizona and an existing nickel-cobalt resource in Western Australia. However, the company reported a significant loss and faces a material uncertainty regarding its ability to continue as a going concern, as noted by its auditor. - Positive factor: Promising early-stage gold and copper-molybdenum exploration results in Arizona - Positive factor: Ongoing review for potential upgrade of existing nickel-cobalt resource - Positive factor: Rationalization of non-core assets generating cash - Negative factor: Material uncertainty regarding going concern - Negative factor: Significant financial loss reported - Negative factor: New exploration results are from surface samples, not drilling - Negative factor: Existing resource estimate is historical \(2018\) Facts used in scoring: 31 ## Classification and evidence **Going Concern Warning** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The auditor's report explicitly states a 'Material Uncertainty Regarding Going Concern' due to losses and reliance on future capital raises. Evidence · text > Material Uncertainty Regarding Going Concern **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Quicksilver Mineral Resource Estimate was announced in 2018, making it over 2 years old. Evidence · text > In 2018, the Company announced a maiden indicated and inferred Mineral Resource Estimate **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The report includes a Competent Person's Statement by Howard Dawson, an AIG member, confirming JORC Code 2012 compliance for exploration results and the MRE. Evidence · text > Competent Person’s Statement – Exploration Results The information included in the report is based on information compiled by Howard Dawson, a consultant to Golden Mile Resources Ltd. Mr Dawson is a Member of the Australian Institute of Geoscientists and has sufficient relevant experience in the styles of mineralisation and deposit type under consideration, and to the activity which he is undertaking, to qualify as a Competent Person as defined in “The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code 2012 Edition\)”. **Exploration Stage** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The Aurora and Leviathan projects are undergoing early-stage surface sampling and reconnaissance, with drilling planned for Aurora in early 2027. Evidence · text > The next step in the evaluation of Aurora is a drilling programme. In this regard the permitting process commenced in late July and it is hoped that permitting approvals will allow drilling to commence early in the first quarter of calendar 2027. **Rationalization** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company sold its Leonora Gold project and Ironstone Well project, and relinquished the Yarrambee base metal project, indicating a focus on core assets. Evidence · text > sold the Leonora Gold project for accumulative $250,000 and relinquished the Yarrambee base metal project. ## Extracted facts Stored fact records: 31. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### 94YMR077 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-drill-facts-20) Yuinmery · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 94YMR077 - Project: Yuinmery - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: G88 #### Geometry - Grade: 1.33 - Grade Unit: g/t - Intercept: 3 m - From: 0 m - To: 3 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: 94YMR077:0-3 #### Location - Location: Central Zone - Loc. Source: document #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Historical drill intercept confirms gold mineralisation but is low grade and narrow, and lacks novelty. - Positive factor: Gold mineralisation confirmed - Negative factor: Historical data - Negative factor: Low grade and narrow width Evidence · text > 3m @ 1.33 g/t Au from 0m in 94YMR077 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 94YMR078 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-drill-facts-21) Yuinmery · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 94YMR078 - Project: Yuinmery - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: G88 #### Geometry - Grade: 1.49 - Grade Unit: g/t - Intercept: 5 m - From: 0 m - To: 5 m - Intercept Depth: 0 m #### Classification - Sample Type: drill - Group ID: 94YMR078:0-5 #### Location - Location: Central Zone - Loc. Source: document #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Historical drill intercept confirms gold mineralisation but is low grade and narrow, and lacks novelty. - Positive factor: Gold mineralisation confirmed - Negative factor: Historical data - Negative factor: Low grade and narrow width Evidence · text > 5m @ 1.49 g/t Au from 0m in 94YMR078 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 94YMR161 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-drill-facts-22) Yuinmery · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 94YMR161 - Project: Yuinmery - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: G88 #### Geometry - Grade: 1.03 - Grade Unit: g/t - Intercept: 3 m - From: 3 m - To: 6 m - Intercept Depth: 3 m #### Classification - Sample Type: drill - Group ID: 94YMR161:3-6 #### Location - Location: Central Zone - Loc. Source: document #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Historical drill intercept confirms gold mineralisation but is low grade and narrow, and lacks novelty. - Positive factor: Gold mineralisation confirmed - Negative factor: Historical data - Negative factor: Low grade and narrow width Evidence · text > 3m @ 1.03 g/t Au from 3m in 94YMR161 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## Resource Estimates (28) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-0) Pearl Copper Project · gold #### Identity - Project: Pearl Copper Project - Commodity: gold - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 2.38 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: High-grade gold over a significant width from surface channel sampling indicates strong exploration potential, though it is not a drill intercept. - Positive factor: High-grade gold over significant width - Positive factor: Confirms widespread gold mineralisation in host granite - Negative factor: Surface sample, not drill result - Negative factor: Apparent width only Evidence · text > The southern most line \(Line 1\) was the standout returning an average grade of 2.38g/t over a strike width of approximately 126 metres. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-1) Pearl Copper Project · gold #### Identity - Project: Pearl Copper Project - Commodity: gold - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 2.56 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Good gold grades over a reasonable width from surface channel sampling, further confirming gold mineralisation, despite sampling limitations. - Positive factor: High-grade gold over good width - Positive factor: Confirms gold mineralisation in central zone - Negative factor: Surface sample, not drill result - Negative factor: Apparent width only - Negative factor: Restricted outcrop limited sampling width Evidence · text > Line 2, which tested the central zone over a narrower width because of restricted outcrop, returned an average grade of 2.56g/t over a strike width of approximately 55 metres. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-2) Pearl Copper Project · gold #### Identity - Project: Pearl Copper Project - Commodity: gold - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 8.78 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: High-grade gold from channel sampling indicates strong potential, though it is not a drill intercept. - Positive factor: High-grade gold from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 8.78 Context: 26ACH057 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-3) Pearl Copper Project · silver #### Identity - Project: Pearl Copper Project - Commodity: silver - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 34.4 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Significant silver grade from channel sampling, indicating polymetallic potential. - Positive factor: Significant silver grade from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 34.4 Context: 26ACH059 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-4) Pearl Copper Project · copper #### Identity - Project: Pearl Copper Project - Commodity: copper - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 565 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Low-grade copper in channel sampling, indicating minor polymetallic presence. - Positive factor: Copper presence in channel sample - Negative factor: Surface sample, not drill result - Negative factor: Low grade Evidence · table > 565 Context: 26ACH059 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-5) Pearl Copper Project · lead #### Identity - Project: Pearl Copper Project - Commodity: lead - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 10750 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Significant lead grade from channel sampling, indicating polymetallic potential. - Positive factor: Significant lead grade from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 10750 Context: 26ACH057 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-6) Pearl Copper Project · gold #### Identity - Project: Pearl Copper Project - Commodity: gold - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 13.25 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Very high-grade gold from channel sampling indicates strong potential, though it is not a drill intercept. - Positive factor: Very high-grade gold from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 13.25 Context: 26ACH080 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-7) Pearl Copper Project · silver #### Identity - Project: Pearl Copper Project - Commodity: silver - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 23.8 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Significant silver grade from channel sampling, indicating polymetallic potential. - Positive factor: Significant silver grade from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 23.8 Context: 26ACH080 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-8) Pearl Copper Project · copper #### Identity - Project: Pearl Copper Project - Commodity: copper - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 178 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Low-grade copper in channel sampling, indicating minor polymetallic presence. - Positive factor: Copper presence in channel sample - Negative factor: Surface sample, not drill result - Negative factor: Low grade Evidence · table > 178 Context: 26ACH079 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-9) Pearl Copper Project · lead #### Identity - Project: Pearl Copper Project - Commodity: lead - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 3620 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Significant lead grade from channel sampling, indicating polymetallic potential. - Positive factor: Significant lead grade from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 3620 Context: 26ACH079 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-10) Pearl Copper Project · gold #### Identity - Project: Pearl Copper Project - Commodity: gold - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 2.11 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Good gold grade from channel sampling, though it is not a drill intercept. - Positive factor: Good gold grade from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 2.11 Context: 26ACH025 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-11) Pearl Copper Project · silver #### Identity - Project: Pearl Copper Project - Commodity: silver - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 9 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Low-grade silver in channel sampling, indicating minor polymetallic presence. - Positive factor: Silver presence in channel sample - Negative factor: Surface sample, not drill result - Negative factor: Low grade Evidence · table > 9.0 Context: 26ACH025 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-12) Pearl Copper Project · copper #### Identity - Project: Pearl Copper Project - Commodity: copper - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 3330 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Significant copper grade from channel sampling, indicating polymetallic potential. - Positive factor: Significant copper grade from channel sample - Negative factor: Surface sample, not drill result Evidence · table > 3330 Context: 26ACH005 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-13) Pearl Copper Project · lead #### Identity - Project: Pearl Copper Project - Commodity: lead - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:838978158d956f317fa6 #### Resource Data - Grade: 601 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Low-grade lead in channel sampling, indicating minor polymetallic presence. - Positive factor: Lead presence in channel sample - Negative factor: Surface sample, not drill result - Negative factor: Low grade Evidence · table > 601 Context: 26ACH005 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-14) Leviathan Copper Project · copper #### Identity - Project: Leviathan Copper Project - Commodity: copper - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:c3af3ed44f57c061ff73 #### Resource Data - Grade: 53700 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Very high-grade copper in rock chip samples indicates strong potential, though it's an early-stage surface sample. - Positive factor: Very high-grade copper rock chip - Negative factor: Surface sample, not drill result - Negative factor: Not systematic sampling Evidence · table > 53,700 Context: 26LRX093 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-15) Leviathan Copper Project · molybdenum #### Identity - Project: Leviathan Copper Project - Commodity: molybdenum - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - QP Signed: Yes - Resource group id: resource:c3af3ed44f57c061ff73 #### Resource Data - Grade: 59800 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Very high-grade molybdenum in rock chip samples indicates strong potential, though it's an early-stage surface sample. - Positive factor: Very high-grade molybdenum rock chip - Negative factor: Surface sample, not drill result - Negative factor: Not systematic sampling Evidence · table > 59,800 Context: 26LRX035 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-16) Quicksilver Nickel-Cobalt Project · nickel Historical result Needs review: historical\_restatement #### Identity - Project: Quicksilver Nickel-Cobalt Project - Commodity: nickel - Region: australia\_wa - Reported Region: Western Australia - Ticker: G88 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Howard Dawson - Resource group id: resource:df9d4189b0ebfb79b398 #### Resource Data - Category: indicated - Tonnes: 4400000 - Grade: 0.72 - Grade Unit: % - Contained Metal: 31900 - Contained Unit: t - Cutoff Grade: 0.5 - Cutoff Unit: % Ni #### Prior Estimate - Resource Date: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Existing indicated nickel resource provides a base, but the estimate is historical and its upgrade is still under review, limiting novelty. - Positive factor: Existing Indicated resource - Positive factor: Review for upgrade underway - Negative factor: Historical estimate \(2018\) - Negative factor: Low novelty as existing MRE Evidence · table > 0.72 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 8.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-17) Quicksilver Nickel-Cobalt Project · nickel Historical result Needs review: historical\_restatement #### Identity - Project: Quicksilver Nickel-Cobalt Project - Commodity: nickel - Region: australia\_wa - Reported Region: Western Australia - Ticker: G88 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Howard Dawson - Resource group id: resource:b67b6f6cf4e9a459bb43 #### Resource Data - Category: inferred - Tonnes: 21900000 - Grade: 0.63 - Grade Unit: % - Contained Metal: 136600 - Contained Unit: t - Cutoff Grade: 0.5 - Cutoff Unit: % Ni #### Prior Estimate - Resource Date: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Existing inferred nickel resource provides potential, but its historical nature and lower confidence category limit its immediate impact. - Positive factor: Existing Inferred resource - Positive factor: Review for upgrade underway - Negative factor: Historical estimate \(2018\) - Negative factor: Inferred category has lower confidence Evidence · table > 0.63 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 8.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-18) Quicksilver Nickel-Cobalt Project · cobalt Historical result Needs review: historical\_restatement #### Identity - Project: Quicksilver Nickel-Cobalt Project - Commodity: cobalt - Region: australia\_wa - Reported Region: Western Australia - Ticker: G88 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Howard Dawson - Resource group id: resource:df9d4189b0ebfb79b398 #### Resource Data - Category: indicated - Tonnes: 4400000 - Grade: 0.049 - Grade Unit: % - Contained Metal: 2100 - Contained Unit: t - Cutoff Grade: 0.05 - Cutoff Unit: % Co #### Prior Estimate - Resource Date: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Existing indicated cobalt resource provides a base, but the estimate is historical and its upgrade is still under review, limiting novelty. - Positive factor: Existing Indicated resource - Positive factor: Review for upgrade underway - Negative factor: Historical estimate \(2018\) - Negative factor: Low novelty as existing MRE Evidence · table > 0.049 Context: Indicated #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 8.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-19) Quicksilver Nickel-Cobalt Project · cobalt Historical result Needs review: historical\_restatement #### Identity - Project: Quicksilver Nickel-Cobalt Project - Commodity: cobalt - Region: australia\_wa - Reported Region: Western Australia - Ticker: G88 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Howard Dawson - Resource group id: resource:b67b6f6cf4e9a459bb43 #### Resource Data - Category: inferred - Tonnes: 21900000 - Grade: 0.042 - Grade Unit: % - Contained Metal: 9100 - Contained Unit: t - Cutoff Grade: 0.05 - Cutoff Unit: % Co #### Prior Estimate - Resource Date: 2018-01-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2018-01-01T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Existing inferred cobalt resource provides potential, but its historical nature and lower confidence category limit its immediate impact. - Positive factor: Existing Inferred resource - Positive factor: Review for upgrade underway - Negative factor: Historical estimate \(2018\) - Negative factor: Inferred category has lower confidence Evidence · table > 0.042 Context: Inferred #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 8.7 years before this release ### Fact 21 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-23) #### Identity - Ticker: G88 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A capital raise provided funds for ongoing operations, but at a low share price, indicating some dilution. - Positive factor: Funds raised for operations - Negative factor: Dilution for existing shareholders - Negative factor: Low share price Evidence · text > On 29 August 2025 the Company completed a private placement of shares, issuing 81,637,178 ordinary shares at $0.006 per share, raising $489,823 before costs. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 22 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-24) #### Identity - Ticker: G88 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A small capital raise with director participation, providing minor additional funds. - Positive factor: Director participation shows confidence - Positive factor: Additional funds raised - Negative factor: Small amount raised - Negative factor: Low share price Evidence · text > A further issue of 3,500,000 ordinary shares at $0.006 to a director after receiving shareholder approval raised a further $21,000. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 23 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-25) #### Identity - Ticker: G88 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A capital raise provided funds for ongoing operations, but at a low share price, indicating some dilution. - Positive factor: Funds raised for operations - Negative factor: Dilution for existing shareholders - Negative factor: Low share price Evidence · text > On 6 March 2026 the Group announced it had completed a private placement raising $700,000 via the issue of 116,666,667 at $0.006 per share. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 24 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-26) #### Identity - Ticker: G88 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A small capital raise post-year end provided minor additional funds. - Positive factor: Additional funds raised - Negative factor: Small amount raised - Negative factor: Low share price Evidence · text > On 9 September 2026, 5,000,000 ordinary shares were issued on the same terms as the 6 March 2026 placement after receiving shareholder approval at an Extraordinary General Meeting held on 26 August 2026. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 25 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-27) Leviathan Copper Project #### Identity - Project: Leviathan Copper Project - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - Resource group id: resource:c3af3ed44f57c061ff73 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company entered a new earn-in agreement for a copper-molybdenum project, providing a clear path to significant ownership with staged commitments. - Positive factor: Secures interest in new project - Positive factor: Staged earn-in reduces initial risk - Negative factor: Significant expenditure commitment Evidence · text > On 8 April 2026 the Group entered into a Joint Venture arrangement with Jonathan Kaufman \(“Kaufman”\), a private citizen of the USA to earn a share of a number of claims, collectively known as "Leviathan" located in Arizona, United States. The Joint Venture Agreement terms are as follows: ● To earn a 51% in the claims, the Group agrees to spend a total of $1million \("First Earn-In"\) ● To earn an additional 24% in the claims, the Group agrees to spend a further $1million \("Second Earn-In"\) ● To earn an additional 20% of the claims, the Group agrees to another of $1million \("Third Earn-In"\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 26 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-28) Pearl Copper Project #### Identity - Project: Pearl Copper Project - Region: usa\_az - Reported Region: Arizona, USA - Ticker: G88 #### Resource scope - Resource group id: resource:838978158d956f317fa6 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company has an earn-in agreement for the Pearl Copper Project with a clear path to full ownership, including a contingent payment based on resource definition. - Positive factor: Clear path to 100% ownership - Positive factor: Contingent payment tied to resource milestone - Negative factor: Significant expenditure commitment Evidence · text > On 14 August 2024 the Group made the decision to enter into a Joint Venture with Outcrop Silver & Gold Corporation \(“Outcrop”\) for the Pearl Copper Project located in Arizona, United States. The Joint Venture Agreement terms are as follows: ● The Group can earn a 51% interest in the project by expending US$2million within 3 years of the settlement date; ● A further 34% interest can be earned by expending $10million within 5 years of the achievement of the first earn in; ● The Group maintains the Claims within the project in good standing; ● The Group will pay Outcrop $2million at such time a JORC Compliant Resource of achieves 750,000 metric tonnes of contained copper at a minimum grade of 0.3%; #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 27 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-29) Benalla Joint Venture #### Identity - Project: Benalla Joint Venture - Region: australia\_wa - Reported Region: Western Australia - Ticker: G88 #### Resource scope - Resource group id: resource:635828268979ded73dcb #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company divested its remaining interest in a joint venture, generating cash and rationalizing its portfolio. - Positive factor: Cash inflow from asset sale - Positive factor: Rationalization of non-core assets - Negative factor: Divestment of project interest Evidence · text > In April 2026, management negotiated an exit from the Benalla Joint Venture, receiving $250,000 for the Group's remaining 20% share in the Joint Venture. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 28 [Link to this fact](https://atlas-staging.minestarters.com/news/g88-annual-report-to-shareholders--f7ec097e-880d-4545-9f1d-d87f016102be#fact-resource-facts-30) Ironstone Well Project #### Identity - Project: Ironstone Well Project - Region: australia\_wa - Reported Region: Western Australia - Ticker: G88 #### Resource scope - Resource group id: resource:fb40bf1e1ca06c05572b #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company divested a project post-year end, generating cash and reducing future commitments. - Positive factor: Cash inflow from asset sale - Positive factor: Rationalization of non-core assets - Negative factor: Divestment of project interest Evidence · text > On 13 July 2026 the Group completed the disposal of its interest in the Ironstone Well project, receiving $100,000 from the purchaser. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## 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.