# GES: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142942 Publisher: asx Original announcement: 2026-09-23T07:51:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-23T08:15:47.136Z Atlas analysis updated: 2026-09-23T08:15:47.136Z - Company: Genesis Resources Limited - Ticker: GES - Exchange: ASX - Region: Northern Territory, Queensland, North Macedonia - Primary commodity: Gold - Secondary commodities: Copper, Silver, Manganese, Iron ore, Pge, Arsenic, Bismuth, Cobalt, Molybdenum, Neodymium, Lead, Praseodymium, Antimony, Zinc - Document categories: Drill results, Agreement transaction, Other - Extracted: 2026-09-23 08:15:47 UTC Narrative sentiment: -0.40 · Bearish ## Minestarters Atlas summary Genesis Resources Limited reported a net loss of $2.69 million and net liabilities of $414,082 for the financial year ended June 30, 2026, with auditors highlighting a material uncertainty regarding the company's ability to continue as a going concern. Despite financial challenges, the company continued exploration activities, with encouraging high-grade gold rock chip samples up to 28.8 g/t Au at Arltunga, Northern Territory, but disappointing narrow drill intercepts at both Arltunga and Alice Springs projects. Reasoning: Genesis Resources Limited reported a significant financial loss and net liabilities, with a material uncertainty regarding its ability to continue as a going concern. Exploration activities yielded mixed results, including encouraging high-grade gold rock chip samples at Arltunga but disappointing narrow drill intercepts at both Arltunga and Alice Springs. - Positive factor: high\_grade\_rock\_chips - Positive factor: continued\_exploration - Negative factor: going\_concern\_risk - Negative factor: significant\_financial\_loss - Negative factor: net\_liabilities - Negative factor: disappointing\_drill\_results - Negative factor: narrow\_intercepts Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 20 ## Classification and evidence **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Drill intercepts are given as downhole lengths \(e.g., '3m @ 1.75 g/t Au'\) without true width or drill orientation information. Evidence · text > 3m @ 1.75 g/t Au from 22m in hole ARRC010 **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release states that samples were sent to Intertek Adelaide for analysis, indicating QA/QC procedures. Evidence · text > samples were sent to Intertek Adelaide for analysis. **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: Rock chip samples from Arltunga and Alice Springs reported grades for arsenic, bismuth, cobalt, lead, antimony, and zinc, which can be deleterious elements. Evidence · table > Au ppm Ag ppm As ppm Bi ppm Co ppm Cu ppm Nd ppm Pb ppm Pr ppm Sb ppm Zn ppm Area **Cut-off Disclosed** Polarity: positive Story-specific tag Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cut-off grade for drill results at Arltunga is explicitly stated as '0.3ppm Au'. Evidence · text > Cut-Off Grade is 0.3ppm Au ## Extracted facts Stored fact records: 20. Some facts used in scoring do not have a stored record. ## Drill Results (20) ### ARRC010 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-0) Arltunga · gold #### Identity - Hole ID: ARRC010 - Project: Arltunga - Commodity: gold - Region: australia\_nt - Reported Region: australia\_nt - Ticker: GES #### Geometry - Grade: 1.75 - Grade Unit: g/t - Intercept: 3 m - From: 22 m - To: 25 m - Intercept Depth: 22 m #### Classification - Sample Type: drill - Group ID: ARRC010:22-25 #### QA/QC - Laboratory: Intertek Adelaide #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: ppm Au #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Narrow gold intercept with a grade significantly below the project's historical average, indicating limited success for this hole. - Negative factor: narrow\_intercept - Negative factor: below\_average\_grade Evidence · table > 1.75 Context: 3 #### 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 ### ARRC011 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-1) Arltunga · gold #### Identity - Hole ID: ARRC011 - Project: Arltunga - Commodity: gold - Region: australia\_nt - Reported Region: australia\_nt - Ticker: GES #### Geometry - Grade: 0.41 - Grade Unit: g/t - Intercept: 1 m - From: 1 m - To: 2 m - Intercept Depth: 1 m #### Classification - Sample Type: drill - Group ID: ARRC011:1-2 #### QA/QC - Laboratory: Intertek Adelaide #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: ppm Au #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Very narrow gold intercept with a low grade, barely above the cut-off and significantly below the project's historical average. - Negative factor: narrow\_intercept - Negative factor: low\_grade - Negative factor: below\_average\_grade Evidence · table > 0.41 Context: 1 #### 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 ### ARRC015 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-2) Arltunga · gold #### Identity - Hole ID: ARRC015 - Project: Arltunga - Commodity: gold - Region: australia\_nt - Reported Region: australia\_nt - Ticker: GES #### Geometry - Grade: 0.31 - Grade Unit: g/t - Intercept: 1 m - From: 13 m - To: 14 m - Intercept Depth: 13 m #### Classification - Sample Type: drill - Group ID: ARRC015:13-14 #### QA/QC - Laboratory: Intertek Adelaide #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: ppm Au #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Very narrow gold intercept with a low grade, barely above the cut-off and significantly below the project's historical average. - Negative factor: narrow\_intercept - Negative factor: low\_grade - Negative factor: below\_average\_grade Evidence · table > 0.31 Context: 1 #### 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 ### ARRC016 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-3) Arltunga · gold #### Identity - Hole ID: ARRC016 - Project: Arltunga - Commodity: gold - Region: australia\_nt - Reported Region: australia\_nt - Ticker: GES #### Geometry - Grade: 2.25 - Grade Unit: g/t - Intercept: 1 m - From: 12 m - To: 13 m - Intercept Depth: 12 m #### Classification - Sample Type: drill - Group ID: ARRC016:12-13 #### QA/QC - Laboratory: Intertek Adelaide #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: ppm Au #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Narrow gold intercept with a grade significantly below the project's historical average, indicating limited success for this hole. - Negative factor: narrow\_intercept - Negative factor: below\_average\_grade Evidence · table > 2.25 Context: 1 #### 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 ### ARRC016 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-4) Arltunga · copper #### Identity - Hole ID: ARRC016 - Project: Arltunga - Commodity: copper - Region: australia\_nt - Reported Region: australia\_nt - Ticker: GES #### Geometry - Grade: 0.12 - Grade Unit: % - Intercept: 1 m - From: 12 m - To: 13 m - Intercept Depth: 12 m #### Classification - Sample Type: drill - Group ID: ARRC016:12-13 #### QA/QC - Laboratory: Intertek Adelaide #### Deleterious - Deleterious Flag: No #### Compositing - Cutoff Grade: 0.3 - Cutoff Unit: ppm Au #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Very narrow copper intercept with a low grade, significantly below the project's historical average. - Negative factor: narrow\_intercept - Negative factor: low\_grade - Negative factor: below\_average\_grade Evidence · table > 0.12 Context: 1 #### 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 ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-5) Alice Springs · gold #### Identity - Project: Alice Springs - Commodity: gold - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 0.026 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Very low gold grade from a surface rock chip sample. - Negative factor: low\_grade - Negative factor: surface\_sample Evidence · table > 0.026 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-6) Alice Springs · silver #### Identity - Project: Alice Springs - Commodity: silver - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 0.47 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Low silver grade from a surface rock chip sample. - Negative factor: low\_grade - Negative factor: surface\_sample Evidence · table > 0.47 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-7) Alice Springs · arsenic #### Identity - Project: Alice Springs - Commodity: arsenic - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 0.001 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Trace presence of arsenic in a surface rock chip sample. Evidence · table > 0.001 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-8) Alice Springs · bismuth #### Identity - Project: Alice Springs - Commodity: bismuth - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 1.63 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Presence of bismuth in a surface rock chip sample. Evidence · table > 1.63 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-9) Alice Springs · cobalt #### Identity - Project: Alice Springs - Commodity: cobalt - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 2.4 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Presence of cobalt in a surface rock chip sample. Evidence · table > 2.4 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-10) Alice Springs · copper #### Identity - Project: Alice Springs - Commodity: copper - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 1.2158 - Grade Unit: % #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Significant copper grade from a surface rock chip sample, indicating potential for mineralization. - Positive factor: high\_grade - Negative factor: surface\_sample Evidence · table > 12158 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-11) Alice Springs · neodymium #### Identity - Project: Alice Springs - Commodity: neodymium - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 8.13 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Presence of neodymium in a surface rock chip sample. Evidence · table > 8.13 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-12) Alice Springs · lead #### Identity - Project: Alice Springs - Commodity: lead - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 1.1 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Presence of lead in a surface rock chip sample. Evidence · table > 1.1 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-13) Alice Springs · praseodymium #### Identity - Project: Alice Springs - Commodity: praseodymium - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 2.46 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Presence of praseodymium in a surface rock chip sample. Evidence · table > 2.46 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-14) Alice Springs · antimony #### Identity - Project: Alice Springs - Commodity: antimony - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 0.001 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Trace presence of antimony in a surface rock chip sample. Evidence · table > 0.001 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-15) Alice Springs · zinc #### Identity - Project: Alice Springs - Commodity: zinc - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 3 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Presence of zinc in a surface rock chip sample. Evidence · table > 3 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### ASRC022 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-16) Alice Springs · copper #### Identity - Hole ID: ASRC022 - Project: Alice Springs - Commodity: copper - Region: australia\_nt - Reported Region: australia\_nt - Ticker: GES #### Geometry - Grade: 0.43 - Grade Unit: % - Intercept: 1 m - From: 38 m - To: 39 m - Intercept Depth: 38 m #### Classification - Sample Type: drill - Group ID: ASRC022:38-39 #### QA/QC - Laboratory: Intertek Adelaide #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Very narrow copper intercept with a low grade, noted as the maximum for a program described as disappointing. - Negative factor: narrow\_intercept - Negative factor: low\_grade - Negative factor: disappointing\_results Evidence · text > 1m @ 0.43% Cu from 38m #### 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 ### ASRC021 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-17) Alice Springs · gold #### Identity - Hole ID: ASRC021 - Project: Alice Springs - Commodity: gold - Region: australia\_nt - Reported Region: australia\_nt - Ticker: GES #### Geometry - Grade: 0.04 - Grade Unit: g/t - From: 73 m - Intercept Depth: 73 m #### Classification - Sample Type: drill #### QA/QC - Laboratory: Intertek Adelaide #### Deleterious - Deleterious Flag: No #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Very low gold grade, noted as the maximum for a program described as disappointing, indicating poor results. - Negative factor: very\_low\_grade - Negative factor: disappointing\_results Evidence · text > 0.04 g/t Au from hole ASRC021 \(from 73m\) #### 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 ### Fact 19 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-18) Alice Springs · molybdenum #### Identity - Project: Alice Springs - Commodity: molybdenum - Region: australia\_nt - Reported Region: Northern Territory - Ticker: GES #### Geometry - Grade: 18.5 - Grade Unit: ppm #### Classification - Sample Type: surface #### Location - Location: Diana 2 North - Easting: 441947 - Northing: 7446248 - CRS: GDA 94 Z53K - Loc. Confidence: medium - Loc. Source: document #### QA/QC - Laboratory: Intertek Adelaide - QA/QC Disclosed: Yes - Lab Certified: Yes #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: silver, bismuth, cobalt, copper, molybdenum, neodymium, lead, praseodymium, antimony, zinc #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Presence of molybdenum in a surface rock chip sample. Evidence · table > 18.5 Context: 26062 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off 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 **Deleterious Elements Present** Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: deleterious\_flag is true ### Fact 20 [Link to this fact](https://atlas-staging.minestarters.com/news/ges-annual-report-to-shareholders--46048872-48cb-4474-a6d4-fa0a31d3d979#fact-drill-facts-19) Plavica #### Identity - Project: Plavica - Region: north macedonia - Reported Region: North Macedonia - Ticker: GES #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-23T00:00:00.000Z Reasoning: Genesis acquired full ownership of Silgen, but is subject to a 4% royalty on future production from the Plavica Project, which represents a future obligation. - Positive factor: full\_ownership - Negative factor: royalty\_obligation Evidence · text > Genesis acquired all of Sileks' shares in Silgen, in exchange for a mineral royalty of 4% of all future 'products' \(metals, ores, previous stones, concentrates, minerals and mineral resources extracted or produced from the Plavica Project concessions\), if any are extracted or produced, in the condition in which the products leave the concessions \(such as in concentrate, ore form or metal\). #### 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 ## 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.