# HRN: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142428 Publisher: asx Original announcement: 2026-09-22T22:10:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T23:28:40.429Z Atlas analysis updated: 2026-09-22T23:28:40.429Z - Company: Horizon Gold Limited - Ticker: HRN - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Drill results, Production - Extracted: 2026-09-22 23:28:41 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Horizon Gold Limited's Annual Report highlights a Definitive Feasibility Study \(DFS\) for its Gum Creek Gold Project in Western Australia, confirming robust economics for a 2.4Mtpa operation targeting 880,000 ounces of recovered gold over a ten-year mine life. The project boasts a maiden Ore Reserve of 728,400 ounces and an updated Mineral Resource Estimate \(MRE\) showing an 8% increase in total ounces and a 26% increase in gold grade. Additionally, the report details positive exploration drill results from multiple prospects, further expanding the project's potential. Reasoning: The annual report details a highly positive DFS outcome, a significant MRE update with increased grade and ounces, a maiden Ore Reserve, and numerous strong exploration drill intercepts, all contributing to a clear path to production. - Positive factor: Definitive Feasibility Study confirms robust economics for Gum Creek Gold Project. - Positive factor: Maiden Ore Reserve of 728koz gold established. - Positive factor: Mineral Resource Estimate increased by 8% in ounces and 26% in grade. - Positive factor: Strong exploration results continue to expand understanding of project potential. - Positive factor: Project targets 880,000 ounces recovered gold over 10-year mine life with low AISC. Facts used in scoring: 115 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 115. Some facts used in scoring do not have a stored record. ## Drill Results (14) ### HWWB001 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-101) Gum Creek · gold #### Identity - Hole ID: HWWB001 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 2.26 - Grade Unit: g/t - Intercept: 72 m - From: 18 m - To: 90 m - Intercept Depth: 18 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB001:18-90 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This intercept confirms mineralisation continuity at Howards with a good grade over a substantial width. - Positive factor: Good grade over a significant width. - Positive factor: Confirms continuity of mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 72m @ 2.26g/t Au from 18m including 18m @ 5.09g/t Au from 27m \(HWWB001\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 72m @ 2.26g/t Au from 18m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB001 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-102) Gum Creek · gold #### Identity - Hole ID: HWWB001 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 5.09 - Grade Unit: g/t - Intercept: 18 m - From: 27 m - To: 45 m - Intercept Depth: 27 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB001:27-45 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This high-grade sub-interval indicates a significant mineralised zone at Howards. - Positive factor: High-grade sub-interval within a broader zone. - Positive factor: Confirms strong mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 18m @ 5.09g/t Au from 27m \(HWWB001\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 18m @ 5.09g/t Au from 27m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB001 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-103) Gum Creek · gold #### Identity - Hole ID: HWWB001 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 1.23 - Grade Unit: g/t - Intercept: 23 m - From: 99 m - To: 122 m - Intercept Depth: 99 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB001:99-122 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This intercept confirms mineralisation continuity at Howards with a good grade over a moderate width. - Positive factor: Good grade over a moderate width. - Positive factor: Confirms continuity of mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 23m @ 1.23g/t Au from 99m including 3m @ 3.31g/t Au from 112m \(HWWB001\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 23m @ 1.23g/t Au from 99m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB001 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-104) Gum Creek · gold #### Identity - Hole ID: HWWB001 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 3.31 - Grade Unit: g/t - Intercept: 3 m - From: 112 m - To: 115 m - Intercept Depth: 112 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB001:112-115 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This high-grade sub-interval indicates a significant mineralised zone at Howards. - Positive factor: High-grade sub-interval within a broader zone. - Negative factor: Apparent width only, true width not stated. Evidence · text > 3m @ 3.31g/t Au from 112m \(HWWB001\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 3m @ 3.31g/t Au from 112m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB001 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-105) Gum Creek · gold #### Identity - Hole ID: HWWB001 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 4.58 - Grade Unit: g/t - Intercept: 39 m - From: 133 m - To: 172 m - Intercept Depth: 133 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB001:133-172 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This high-grade intercept confirms strong mineralisation at Howards over a significant width. - Positive factor: High-grade intercept over a significant width. - Positive factor: Confirms strong mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 39m @ 4.58g/t Au from 133m including 17m @ 9.86g/t Au from 148m \(HWWB001\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 39m @ 4.58g/t Au from 133m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB001 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-106) Gum Creek · gold #### Identity - Hole ID: HWWB001 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 9.86 - Grade Unit: g/t - Intercept: 17 m - From: 148 m - To: 165 m - Intercept Depth: 148 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB001:148-165 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This very high-grade sub-interval highlights bonanza-grade mineralisation at Howards. - Positive factor: Very high-grade sub-interval. - Positive factor: Indicates bonanza-grade mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 17m @ 9.86g/t Au from 148m \(HWWB001\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: Grade of 9.86 g/t Au is well above the exceptional threshold for open pit gold \(5 g/t\). Evidence · text > 9.86g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 17m @ 9.86g/t Au from 148m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB002 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-107) Gum Creek · gold #### Identity - Hole ID: HWWB002 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 1.27 - Grade Unit: g/t - Intercept: 124 m - From: 7 m - To: 131 m - Intercept Depth: 7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB002:7-131 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This intercept confirms mineralisation continuity at Howards with a good grade over an exceptional width. - Positive factor: Good grade over an exceptional width. - Positive factor: Confirms continuity of mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 124m @ 1.27g/t Au from 7m including 16m @ 2.97g/t Au from 88m \(HWWB002\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 124m @ 1.27g/t Au from 7m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB002 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-108) Gum Creek · gold #### Identity - Hole ID: HWWB002 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 2.97 - Grade Unit: g/t - Intercept: 16 m - From: 88 m - To: 104 m - Intercept Depth: 88 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB002:88-104 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This good grade sub-interval indicates a significant mineralised zone at Howards. - Positive factor: Good grade sub-interval within a broader zone. - Positive factor: Confirms strong mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 16m @ 2.97g/t Au from 88m \(HWWB002\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 16m @ 2.97g/t Au from 88m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB003 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-109) Gum Creek · gold #### Identity - Hole ID: HWWB003 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 1.08 - Grade Unit: g/t - Intercept: 80 m - From: 18 m - To: 98 m - Intercept Depth: 18 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB003:18-98 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This intercept confirms mineralisation continuity at Howards with a good grade over a substantial width. - Positive factor: Good grade over a significant width. - Positive factor: Confirms continuity of mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 80m @ 1.08g/t Au from 18m including 10m @ 2.12g/t Au from 83m \(HWWB003\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 80m @ 1.08g/t Au from 18m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB003 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-110) Gum Creek · gold #### Identity - Hole ID: HWWB003 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 2.12 - Grade Unit: g/t - Intercept: 10 m - From: 83 m - To: 93 m - Intercept Depth: 83 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB003:83-93 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This good grade sub-interval indicates a significant mineralised zone at Howards. - Positive factor: Good grade sub-interval within a broader zone. - Positive factor: Confirms strong mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 10m @ 2.12g/t Au from 83m \(HWWB003\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 10m @ 2.12g/t Au from 83m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB003 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-111) Gum Creek · gold #### Identity - Hole ID: HWWB003 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 4.02 - Grade Unit: g/t - Intercept: 38 m - From: 112 m - To: 150 m - Intercept Depth: 112 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB003:112-150 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This high-grade intercept confirms strong mineralisation at Howards over a significant width. - Positive factor: High-grade intercept over a significant width. - Positive factor: Confirms strong mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 38m @ 4.02g/t Au from 112m including 21m @ 6.08g/t Au from 121m \(HWWB003\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 38m @ 4.02g/t Au from 112m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### HWWB003 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-112) Gum Creek · gold #### Identity - Hole ID: HWWB003 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 6.08 - Grade Unit: g/t - Intercept: 21 m - From: 121 m - To: 142 m - Intercept Depth: 121 m #### Classification - Program: exploration - Sample Type: drill - Group ID: HWWB003:121-142 - Mining Method: open\_pit #### Location - Location: Howards - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This very high-grade sub-interval highlights bonanza-grade mineralisation at Howards. - Positive factor: Very high-grade sub-interval. - Positive factor: Indicates bonanza-grade mineralisation. - Negative factor: Apparent width only, true width not stated. Evidence · text > 21m @ 6.08g/t Au from 121m \(HWWB003\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: Grade of 6.08 g/t Au is well above the exceptional threshold for open pit gold \(5 g/t\). Evidence · text > 6.08g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 21m @ 6.08g/t Au from 121m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### KFDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-113) Gum Creek · gold #### Identity - Hole ID: KFDD003 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 11.35 - Grade Unit: g/t - Intercept: 4 m - From: 431 m - To: 435 m - Intercept Depth: 431 m #### Classification - Program: exploration - Sample Type: drill - Group ID: KFDD003:431-435 - Mining Method: underground #### Location - Location: Kingfisher - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This very high-grade intercept confirms the presence of high-grade gold shoots at Kingfisher. - Positive factor: Very high-grade intercept. - Positive factor: Confirms high-grade gold shoots. - Negative factor: Apparent width only, true width not stated. Evidence · text > 4m @ 11.35g/t Au from 431m including 1m @ 42.2g/t Au from 432m \(KFDD003\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: Grade of 11.35 g/t Au is strong for underground gold \(7 g/t\). Evidence · text > 11.35g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Evidence · text > 4m @ 11.35g/t Au from 431m **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: Release includes QA/QC disclosure via Competent Person statement and JORC compliance. Evidence · text > The information in this report that relates to exploration activities and exploration results is based on information compiled by Mr Leigh Ryan, who is a member of The Australasian Institute of Geoscientists. **Deleterious Elements Present** — Rejected; excluded from scoring Polarity: negative Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Reason: Refractory mineralisation with pyrrhotite and arsenopyrite is noted in the MRE, which applies to the project. Evidence · text > Due to the presence of pyrrhotite affecting oxygen and cyanide consumption, transition mineralisation from Psi and fresh material from Psi, Kearrys and Fangio has variable gold recoveries >85% and are classified as “low recovery ore” however this ore has been included in the free milling category. Transition mineralisation from Wilsons, Heron, Shiraz, Manikato, Heron South, Snook, and Camel Bore, and fresh mineralisation from Wilsons, Heron, Shiraz, Kingston Town, Manikato, Think Big, Heron South, Snook, Camel Bore and Specimen Well have variable gold recoveries associated with arsenopyrite and are classified as refractory. ### KFDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-drill-facts-114) Gum Creek · gold #### Identity - Hole ID: KFDD003 - Project: Gum Creek - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: HRN #### Geometry - Grade: 42.2 - Grade Unit: g/t - Intercept: 1 m - From: 432 m - To: 433 m - Intercept Depth: 432 m #### Classification - Program: exploration - Sample Type: drill - Group ID: KFDD003:432-433 - Mining Method: underground #### Location - Location: Kingfisher - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes - QA/QC Methods: standards, blanks #### Deleterious - Deleterious Flag: Yes - Deleterious Elements: pyrrhotite, arsenopyrite #### Metal Equivalent - Assumptions Disclosed: No #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z - Positive factor: Exceptional bonanza-grade sub-interval. Evidence · text > 1m @ 42.2g/t Au from 432m \(KFDD003\) #### 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 **Refractory Ore** Polarity: negative Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk. Why it applies: the release describes refractory metallurgy **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "Our exploration results continue to demonstrate that our 2.3 million ounce Mineral Resource which is spread across 80 ki" ## Resource Estimates (101) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-0) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:a56cee6d626b6af727dc - Deposit or zone: Swan/Swift OC - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 6661000 - Grade: 1.86 - Grade Unit: g/t - Contained Metal: 399 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a substantial indicated resource for the Swan/Swift open pit, contributing significantly to the overall project. - Positive factor: Significant indicated resource for open pit mining. Evidence · table > 1.86 Context: 6,661,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-1) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:6a6db4798a1acf960356 - Deposit or zone: Swan/Swift OC - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 335000 - Grade: 1.54 - Grade Unit: g/t - Contained Metal: 16.6 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource adds to the project's potential but has lower confidence than indicated resources. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.54 Context: 335,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-2) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:ea62f3608157142e802a - Deposit or zone: Swan/Swift OC - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 6996000 - Grade: 1.85 - Grade Unit: g/t - Contained Metal: 415.6 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Swan/Swift open pit, combining indicated and inferred categories. - Positive factor: Significant total resource for open pit mining. Evidence · table > 1.85 Context: 6,996,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-3) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:81295e1dc4ba4396673f - Deposit or zone: Swan UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 935000 - Grade: 4.45 - Grade Unit: g/t - Contained Metal: 133.7 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a high-grade indicated resource for the Swan underground deposit, showing strong potential. - Positive factor: High-grade indicated resource for underground mining. Evidence · table > 4.45 Context: 935,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-4) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:d76beced50be151664c6 - Deposit or zone: Swan UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 798000 - Grade: 3.9 - Grade Unit: g/t - Contained Metal: 100 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Swan underground is high-grade but has lower confidence. - Positive factor: Adds to overall high-grade resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 3.90 Context: 798,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-5) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:a23a7ef3c951a444667b - Deposit or zone: Swan UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1733000 - Grade: 4.19 - Grade Unit: g/t - Contained Metal: 233.7 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total high-grade resource for the Swan underground deposit. - Positive factor: Significant total high-grade resource for underground mining. Evidence · table > 4.19 Context: 1,733,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-6) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:0c3466679e115c820922 - Deposit or zone: Swift UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 35000 - Grade: 2.22 - Grade Unit: g/t - Contained Metal: 2.5 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A small indicated resource for the Swift underground deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 2.22 Context: 35,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-7) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:9caaa630934cc63da07c - Deposit or zone: Swift UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 813000 - Grade: 2.54 - Grade Unit: g/t - Contained Metal: 66.3 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Swift underground adds to the project's potential but has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 2.54 Context: 813,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-8) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:1ac825fc22249f4e0fd3 - Deposit or zone: Swift UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 848000 - Grade: 2.52 - Grade Unit: g/t - Contained Metal: 68.8 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Swift underground deposit. - Positive factor: Adds to total resource for underground mining. Evidence · table > 2.52 Context: 848,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-9) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:ccd22dd0a70524a0732d - Deposit or zone: Wilsons UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 2759000 - Grade: 4.37 - Grade Unit: g/t - Contained Metal: 387.4 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a substantial high-grade indicated resource for the Wilsons underground deposit. - Positive factor: Significant high-grade indicated resource for underground mining. Evidence · table > 4.37 Context: 2,759,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-10) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:e1302bb3c93264099006 - Deposit or zone: Wilsons UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 126000 - Grade: 3.16 - Grade Unit: g/t - Contained Metal: 12.8 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Wilsons underground is high-grade but has lower confidence. - Positive factor: Adds to overall high-grade resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 3.16 Context: 126,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-11) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:c31b6a37cd4b0488954c - Deposit or zone: Wilsons UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2885000 - Grade: 4.31 - Grade Unit: g/t - Contained Metal: 400.2 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total high-grade resource for the Wilsons underground deposit. - Positive factor: Significant total high-grade resource for underground mining. Evidence · table > 4.31 Context: 2,885,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-12) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:d167e73e61a1b6b605f7 - Deposit or zone: Howards - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 6095000 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 221.8 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a substantial indicated resource for the Howards deposit. - Positive factor: Significant indicated resource. Evidence · table > 1.13 Context: 6,095,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-13) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:e53f90216206e8504265 - Deposit or zone: Howards - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 751000 - Grade: 0.97 - Grade Unit: g/t - Contained Metal: 23.5 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Howards adds to the project's potential but has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.97 Context: 751,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-14) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:29f28519da0bbe45a6d1 - Deposit or zone: Howards - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 6846000 - Grade: 1.11 - Grade Unit: g/t - Contained Metal: 245.3 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Howards deposit. - Positive factor: Significant total resource. Evidence · table > 1.11 Context: 6,846,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-15) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:5036eeca92bc5a93029e - Deposit or zone: Kingfisher OC - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1139000 - Grade: 2.05 - Grade Unit: g/t - Contained Metal: 75.1 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a good indicated resource for the Kingfisher open pit. - Positive factor: Good indicated resource for open pit mining. Evidence · table > 2.05 Context: 1,139,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-16) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:875d0150649d32d95bb1 - Deposit or zone: Kingfisher OC - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 79000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 3.8 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Kingfisher open pit is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.50 Context: 79,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-17) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:a35bcbdb3a5f7a26b840 - Deposit or zone: Kingfisher OC - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1218000 - Grade: 2.01 - Grade Unit: g/t - Contained Metal: 78.9 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Kingfisher open pit. - Positive factor: Good total resource for open pit mining. Evidence · table > 2.01 Context: 1,218,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-18) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:aee81e7c44f22eba1b1c - Deposit or zone: Kingfisher UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 94000 - Grade: 2.71 - Grade Unit: g/t - Contained Metal: 8.2 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A small indicated resource for the Kingfisher underground deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 2.71 Context: 94,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-19) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:7ba3778c077dcbc185a6 - Deposit or zone: Kingfisher UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 949000 - Grade: 3.45 - Grade Unit: g/t - Contained Metal: 105.3 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Kingfisher underground is high-grade but has lower confidence. - Positive factor: Adds to overall high-grade resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 3.45 Context: 949,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-20) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:38078b22b72378d3cd9f - Deposit or zone: Kingfisher UG - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1043000 - Grade: 3.38 - Grade Unit: g/t - Contained Metal: 113.5 - Contained Unit: koz - Cutoff Grade: 1.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total high-grade resource for the Kingfisher underground deposit. - Positive factor: Adds to total high-grade resource for underground mining. Evidence · table > 3.38 Context: 1,043,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-21) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:a5c5e5e3ec7815eaafa2 - Deposit or zone: Heron #### Resource Data - Category: inferred - Tonnes: 2152000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 110.6 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Heron, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.60 Context: 2,152,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-22) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:0c763f9f908ddd1f1ce5 - Deposit or zone: Eagle - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 817000 - Grade: 1.27 - Grade Unit: g/t - Contained Metal: 33.4 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Eagle deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.27 Context: 817,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-23) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:9809296da6e19483cb04 - Deposit or zone: Eagle - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1202000 - Grade: 1.29 - Grade Unit: g/t - Contained Metal: 50 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Eagle adds to the project's potential but has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.29 Context: 1,202,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-24) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:dfb018c4feb0637fee68 - Deposit or zone: Eagle - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2019000 - Grade: 1.28 - Grade Unit: g/t - Contained Metal: 83.4 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Eagle deposit. - Positive factor: Adds to total resource. Evidence · table > 1.28 Context: 2,019,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-25) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:d9c8f95ec7801a2d29ca - Deposit or zone: Heron South #### Resource Data - Category: inferred - Tonnes: 1481000 - Grade: 1.66 - Grade Unit: g/t - Contained Metal: 78.9 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Heron South, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.66 Context: 1,481,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-26) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:567c91eccd2b767bc493 - Deposit or zone: Shiraz - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 1947000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 65.4 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Shiraz deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.04 Context: 1,947,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-27) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:b0661630aa899235dfde - Deposit or zone: Shiraz - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 372000 - Grade: 0.94 - Grade Unit: g/t - Contained Metal: 11.2 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Shiraz is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.94 Context: 372,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-28) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:d713cc8634d52f268745 - Deposit or zone: Shiraz - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 2319000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 76.6 - Contained Unit: koz - Cutoff Grade: 0.4 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Shiraz deposit. - Positive factor: Adds to total resource. Evidence · table > 1.03 Context: 2,319,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-29) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:16f456b695e0ed570ad4 - Deposit or zone: Wyooda - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 557000 - Grade: 1.54 - Grade Unit: g/t - Contained Metal: 27.5 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Wyooda deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.54 Context: 557,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-30) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:198d865c2e62d40ddd7f - Deposit or zone: Wyooda - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 718000 - Grade: 1.56 - Grade Unit: g/t - Contained Metal: 36.1 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Wyooda adds to the project's potential but has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.56 Context: 718,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-31) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:ae868f598cee23d42156 - Deposit or zone: Wyooda - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1275000 - Grade: 1.55 - Grade Unit: g/t - Contained Metal: 63.6 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Wyooda deposit. - Positive factor: Adds to total resource. Evidence · table > 1.55 Context: 1,275,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-32) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:3e25a36c274c1f2310e0 - Deposit or zone: Snook #### Resource Data - Category: inferred - Tonnes: 921000 - Grade: 1.82 - Grade Unit: g/t - Contained Metal: 54 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-07-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Snook, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.82 Context: 921,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 4.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-33) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:70e49a3871f84d4bbb67 - Deposit or zone: Toedter - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 905000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 38.2 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Toedter deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.31 Context: 905,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-34) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:9a5280a3cacbe9a676e8 - Deposit or zone: Toedter - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 99000 - Grade: 1.32 - Grade Unit: g/t - Contained Metal: 4.2 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Toedter is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.32 Context: 99,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-35) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:49c39c54f3177eb668c4 - Deposit or zone: Toedter - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 1004000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 42.4 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Toedter deposit. - Positive factor: Adds to total resource. Evidence · table > 1.31 Context: 1,004,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-36) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:58b6c5c953aa5bbec6ce - Deposit or zone: Hawk - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 591000 - Grade: 1.38 - Grade Unit: g/t - Contained Metal: 26.2 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Hawk deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.38 Context: 591,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-37) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:642414584aea74555c3a - Deposit or zone: Hawk - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 167000 - Grade: 1.27 - Grade Unit: g/t - Contained Metal: 6.8 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Hawk is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.27 Context: 167,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-38) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:0a7dcadbbc7b0ed675cd - Deposit or zone: Hawk - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 758000 - Grade: 1.35 - Grade Unit: g/t - Contained Metal: 33 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Hawk deposit. - Positive factor: Adds to total resource. Evidence · table > 1.35 Context: 758,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-39) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:e438b5652cca8e9b1d01 - Deposit or zone: Specimen Well - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 431000 - Grade: 1.49 - Grade Unit: g/t - Contained Metal: 20.6 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Specimen Well deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.49 Context: 431,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-40) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:151e227687f98a582ee2 - Deposit or zone: Specimen Well - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 114000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 4.8 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Specimen Well is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.31 Context: 114,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-41) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:115937f459a99acc4786 - Deposit or zone: Specimen Well - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 545000 - Grade: 1.45 - Grade Unit: g/t - Contained Metal: 25.4 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Specimen Well deposit. - Positive factor: Adds to total resource. Evidence · table > 1.45 Context: 545,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-42) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:80d824bdb0dd582945d0 - Deposit or zone: Wedge - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 427000 - Grade: 1.42 - Grade Unit: g/t - Contained Metal: 19.5 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Wedge deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.42 Context: 427,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-43) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:a693059b6132f9dcd80e - Deposit or zone: Wedge - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 56000 - Grade: 2.83 - Grade Unit: g/t - Contained Metal: 5.1 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Wedge is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 2.83 Context: 56,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-44) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:e9a54c4cb8edfb9bb0b1 - Deposit or zone: Wedge - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 483000 - Grade: 1.58 - Grade Unit: g/t - Contained Metal: 24.6 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Wedge deposit. - Positive factor: Adds to total resource. Evidence · table > 1.58 Context: 483,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-45) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:118dbdb35edff0f32cb1 - Deposit or zone: Camel Bore #### Resource Data - Category: inferred - Tonnes: 479000 - Grade: 1.42 - Grade Unit: g/t - Contained Metal: 21.8 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-07-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Camel Bore, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.42 Context: 479,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 4.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-46) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:9f6ad32cf99025e5978d - Deposit or zone: Melbourne Bitter - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 318000 - Grade: 1.46 - Grade Unit: g/t - Contained Metal: 14.9 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Melbourne Bitter deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.46 Context: 318,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-47) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:0deed6aefdc8d6d88d59 - Deposit or zone: Melbourne Bitter - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 157000 - Grade: 1.27 - Grade Unit: g/t - Contained Metal: 6.4 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Melbourne Bitter is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.27 Context: 157,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-48) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:680d44f7ce2fd93fdbb9 - Deposit or zone: Melbourne Bitter - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 475000 - Grade: 1.39 - Grade Unit: g/t - Contained Metal: 21.3 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Melbourne Bitter deposit. - Positive factor: Adds to total resource. Evidence · table > 1.39 Context: 475,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-49) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:722b45c12e9dace3f6b7 - Deposit or zone: Hyperno-Reliance - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 295000 - Grade: 1.52 - Grade Unit: g/t - Contained Metal: 14.4 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Hyperno-Reliance deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.52 Context: 295,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-50) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:cb4ed3b0696db7eced3b - Deposit or zone: Hyperno-Reliance - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 183000 - Grade: 1.02 - Grade Unit: g/t - Contained Metal: 6 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Hyperno-Reliance is small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.02 Context: 183,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-51) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:52f40752ba313d2677d1 - Deposit or zone: Hyperno-Reliance - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 478000 - Grade: 1.33 - Grade Unit: g/t - Contained Metal: 20.4 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Hyperno-Reliance deposit. - Positive factor: Adds to total resource. Evidence · table > 1.33 Context: 478,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-52) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:f67c298df99bb8c12fd2 - Deposit or zone: Kearrys #### Resource Data - Category: inferred - Tonnes: 496000 - Grade: 1.25 - Grade Unit: g/t - Contained Metal: 20 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Kearrys, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.25 Context: 496,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-53) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:5fd0b64138576e7dc52c - Deposit or zone: Psi #### Resource Data - Category: inferred - Tonnes: 326000 - Grade: 1.81 - Grade Unit: g/t - Contained Metal: 19 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-07-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Psi, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.81 Context: 326,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 4.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-54) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:981819cf6a9273c093f2 - Deposit or zone: Deep South Reliance - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 229000 - Grade: 1.53 - Grade Unit: g/t - Contained Metal: 11.3 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: A moderate indicated resource for the Deep South Reliance deposit. - Positive factor: Adds to indicated resource base. Evidence · table > 1.53 Context: 229,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-55) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:2222421c4ccec5eebef7 - Deposit or zone: Deep South Reliance - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 17000 - Grade: 0.91 - Grade Unit: g/t - Contained Metal: 0.5 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This inferred resource for Deep South Reliance is very small and has lower confidence. - Positive factor: Adds to overall resource base. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 0.91 Context: 17,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-56) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:ea543f2c0d7acba204b6 - Deposit or zone: Deep South Reliance - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 246000 - Grade: 1.49 - Grade Unit: g/t - Contained Metal: 11.8 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total resource for the Deep South Reliance deposit. - Positive factor: Adds to total resource. Evidence · table > 1.49 Context: 246,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-57) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:ca8c6fd5caf14dd9af9d - Deposit or zone: Orion #### Resource Data - Category: inferred - Tonnes: 251000 - Grade: 1.43 - Grade Unit: g/t - Contained Metal: 11.5 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-07-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Orion, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.43 Context: 251,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 4.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-58) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:11858af4241682ec9035 - Deposit or zone: Eagles Peak #### Resource Data - Category: inferred - Tonnes: 305000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 11.4 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Eagles Peak, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.16 Context: 305,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-59) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:a398fb49a30d8e06d774 - Deposit or zone: Wahoo #### Resource Data - Category: inferred - Tonnes: 258000 - Grade: 1.25 - Grade Unit: g/t - Contained Metal: 10.4 - Contained Unit: koz - Cutoff Grade: 0.8 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-07-25 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-07-25T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Wahoo, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.25 Context: 258,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 4.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-60) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:686977c22b7221ed1445 - Deposit or zone: Fangio #### Resource Data - Category: inferred - Tonnes: 129000 - Grade: 1.33 - Grade Unit: g/t - Contained Metal: 5.5 - Contained Unit: koz - Cutoff Grade: 0.6 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Fangio, providing context but not new information. - Positive factor: Historical resource contributes to overall project understanding. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.33 Context: 129,000 #### 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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-61) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:bac9921d140d037c69ad - Deposit or zone: Total - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 26721000 - Grade: 1.9 - Grade Unit: g/t - Contained Metal: 1629.3 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total indicated resource for the Gum Creek Gold Project. - Positive factor: Significant indicated resource base for the entire project. Evidence · table > 1.90 Context: 26,721,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-62) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:471096f7355ae3d68f9f - Deposit or zone: Total - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 11248000 - Grade: 1.86 - Grade Unit: g/t - Contained Metal: 672.3 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total inferred resource for the Gum Creek Gold Project, adding to overall potential. - Positive factor: Adds to overall resource base for the project. - Negative factor: Inferred category has lower geological confidence. Evidence · table > 1.86 Context: 11,248,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-63) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:b5af1be2346dec78375c - Deposit or zone: Total - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 37969000 - Grade: 1.89 - Grade Unit: g/t - Contained Metal: 2301.6 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-11-04 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total mineral resource for the Gum Creek Gold Project, combining all categories. - Positive factor: Significant total resource for the Gum Creek Gold Project. Evidence · table > 1.89 Context: 37,969,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-64) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:78b5c04448095b463f8f - Deposit or zone: Eagle - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 800000 - Grade: 0.99 - Grade Unit: g/t - Contained Metal: 25 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is part of the maiden Ore Reserve for the project, specifically for the Eagle deposit. - Positive factor: Maiden Ore Reserve for Eagle deposit. Evidence · table > 0.99 Context: 0.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-65) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:9555fd7f0f5eed025d1d - Deposit or zone: Hawk - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 700000 - Grade: 1.07 - Grade Unit: g/t - Contained Metal: 25 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is part of the maiden Ore Reserve for the project, specifically for the Hawk deposit. - Positive factor: Maiden Ore Reserve for Hawk deposit. Evidence · table > 1.07 Context: 0.7 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-66) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:92e39d4925b9ce00774d - Deposit or zone: Howards - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 5800000 - Grade: 0.99 - Grade Unit: g/t - Contained Metal: 186 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a substantial part of the maiden Ore Reserve for the project, specifically for the Howards deposit. - Positive factor: Significant maiden Ore Reserve for Howards deposit. Evidence · table > 0.99 Context: 5.8 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-67) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:d84f80feb46bea6276cb - Deposit or zone: Hyperno-Reliance - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 300000 - Grade: 1.23 - Grade Unit: g/t - Contained Metal: 12 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is part of the maiden Ore Reserve for the project, specifically for the Hyperno-Reliance deposit. - Positive factor: Maiden Ore Reserve for Hyperno-Reliance deposit. Evidence · table > 1.23 Context: 0.3 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-68) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:89f728161ba14455aa26 - Deposit or zone: Kingfisher - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 1500000 - Grade: 1.51 - Grade Unit: g/t - Contained Metal: 71 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a significant part of the maiden Ore Reserve for the project, specifically for the Kingfisher deposit. - Positive factor: Maiden Ore Reserve for Kingfisher deposit. Evidence · table > 1.51 Context: 1.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-69) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:118434960009c72f3fb9 - Deposit or zone: Swan/Swift - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 8600000 - Grade: 1.42 - Grade Unit: g/t - Contained Metal: 392 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is the largest component of the maiden Ore Reserve, highlighting the economic viability of Swan/Swift. - Positive factor: Largest maiden Ore Reserve for Swan/Swift deposits. Evidence · table > 1.42 Context: 8.6 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-70) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:01f9f8267fd415319cae - Deposit or zone: Wedge - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 500000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 18 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is part of the maiden Ore Reserve for the project, specifically for the Wedge deposit. - Positive factor: Maiden Ore Reserve for Wedge deposit. Evidence · table > 1.04 Context: 0.5 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-71) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:2bcf58d60f56e00979de - Deposit or zone: Total Probable - Mining method: combined - Ownership percent: 100 % #### Resource Data - Category: probable - Tonnes: 18200000 - Grade: 1.24 - Grade Unit: g/t - Contained Metal: 728 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This represents the total maiden Ore Reserve for the Gum Creek Gold Project, underpinning the DFS. - Positive factor: Significant maiden Ore Reserve for the Gum Creek Gold Project. Evidence · table > 1.24 Context: 18.2 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-72) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:39d11b3c972cd7e9ea57 - Deposit or zone: Swan/Swift OC #### Resource Data - Category: inferred - Tonnes: 12715000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 434.1 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Swan/Swift OC from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.06 Context: 12,715,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-73) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:2a1a38d724be6a59841e - Deposit or zone: Swan UG #### Resource Data - Category: inferred - Tonnes: 527000 - Grade: 6.99 - Grade Unit: g/t - Contained Metal: 118.5 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical high-grade resource estimate for Swan UG from May 2023, used for comparison. - Positive factor: Historical high-grade resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 6.99 Context: 527,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-74) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:e414b7e5390b2f505593 - Deposit or zone: Swift UG #### Resource Data - Category: inferred - Tonnes: 138000 - Grade: 5.72 - Grade Unit: g/t - Contained Metal: 25.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical high-grade resource estimate for Swift UG from May 2023, used for comparison. - Positive factor: Historical high-grade resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 5.72 Context: 138,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-75) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:b7ed67852342bbb074eb - Deposit or zone: Wilsons UG #### Resource Data - Category: inferred - Tonnes: 2267000 - Grade: 5.36 - Grade Unit: g/t - Contained Metal: 391 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical high-grade resource estimate for Wilsons UG from May 2023, used for comparison. - Positive factor: Historical high-grade resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 5.36 Context: 2,267,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-76) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:6da2ac2884655a2052ac - Deposit or zone: Howards #### Resource Data - Category: inferred - Tonnes: 10200000 - Grade: 0.81 - Grade Unit: g/t - Contained Metal: 266.9 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Howards from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 0.81 Context: 10,200,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-77) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:6d5ffb318348b806efd4 - Deposit or zone: Kingfisher OC #### Resource Data - Category: inferred - Tonnes: 890000 - Grade: 1.58 - Grade Unit: g/t - Contained Metal: 45.1 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Kingfisher OC from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.58 Context: 890,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-78) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:d96b0fcecca3b2210dc4 - Deposit or zone: Kingfisher UG #### Resource Data - Category: inferred - Tonnes: 1276000 - Grade: 3.31 - Grade Unit: g/t - Contained Metal: 135.7 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical high-grade resource estimate for Kingfisher UG from May 2023, used for comparison. - Positive factor: Historical high-grade resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 3.31 Context: 1,276,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-79) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:a5c5e5e3ec7815eaafa2 - Deposit or zone: Heron #### Resource Data - Category: inferred - Tonnes: 2152000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 110.6 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Heron from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.60 Context: 2,152,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-80) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:d9c8f95ec7801a2d29ca - Deposit or zone: Heron South #### Resource Data - Category: inferred - Tonnes: 1481000 - Grade: 1.66 - Grade Unit: g/t - Contained Metal: 78.9 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Heron South from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.66 Context: 1,481,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-81) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:1fb12cd93eb9649011f3 - Deposit or zone: Shiraz #### Resource Data - Category: inferred - Tonnes: 3603000 - Grade: 0.68 - Grade Unit: g/t - Contained Metal: 78.9 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Shiraz from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 0.68 Context: 3,603,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-82) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:212b4c5704db522a8c42 - Deposit or zone: Eagle #### Resource Data - Category: inferred - Tonnes: 1159000 - Grade: 1.85 - Grade Unit: g/t - Contained Metal: 68.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Eagle from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.85 Context: 1,159,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-83) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:8a2167e287de82d69764 - Deposit or zone: Wyooda #### Resource Data - Category: inferred - Tonnes: 1292000 - Grade: 1.56 - Grade Unit: g/t - Contained Metal: 64.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Wyooda from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.56 Context: 1,292,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-84) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:1285c19f281d208312f6 - Deposit or zone: Snook #### Resource Data - Category: inferred - Tonnes: 921000 - Grade: 1.82 - Grade Unit: g/t - Contained Metal: 54 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Snook from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.82 Context: 921,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-85) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:bc20ea3ef1576223fdb0 - Deposit or zone: Hawk #### Resource Data - Category: inferred - Tonnes: 849000 - Grade: 1.26 - Grade Unit: g/t - Contained Metal: 34.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Hawk from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.26 Context: 849,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-86) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:f90be0643b231df9b668 - Deposit or zone: Toedter #### Resource Data - Category: inferred - Tonnes: 689000 - Grade: 1.54 - Grade Unit: g/t - Contained Metal: 34 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Toedter from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.54 Context: 689,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-87) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:fd42f22a35158241376b - Deposit or zone: Specimen Well #### Resource Data - Category: inferred - Tonnes: 529000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 25.5 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Specimen Well from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.50 Context: 529,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-88) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:8b32bcf81f8613dd093a - Deposit or zone: Wedge #### Resource Data - Category: inferred - Tonnes: 487000 - Grade: 1.52 - Grade Unit: g/t - Contained Metal: 23.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Wedge from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.52 Context: 487,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-89) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:438cc50054684ab7fc41 - Deposit or zone: Camel Bore #### Resource Data - Category: inferred - Tonnes: 479000 - Grade: 1.42 - Grade Unit: g/t - Contained Metal: 21.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Camel Bore from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.42 Context: 479,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-90) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:f67c298df99bb8c12fd2 - Deposit or zone: Kearrys #### Resource Data - Category: inferred - Tonnes: 496000 - Grade: 1.25 - Grade Unit: g/t - Contained Metal: 20 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Kearrys from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.25 Context: 496,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-91) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:d40d617865ce9729cbba - Deposit or zone: Psi #### Resource Data - Category: inferred - Tonnes: 326000 - Grade: 1.81 - Grade Unit: g/t - Contained Metal: 19 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Psi from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.81 Context: 326,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-92) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:047f810b50462c5ad631 - Deposit or zone: Hyperno-Reliance #### Resource Data - Category: inferred - Tonnes: 445000 - Grade: 1.31 - Grade Unit: g/t - Contained Metal: 18.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Hyperno-Reliance from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.31 Context: 445,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-93) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:8457c6ae6141c1d3c326 - Deposit or zone: Melbourne Bitter #### Resource Data - Category: inferred - Tonnes: 362000 - Grade: 1.44 - Grade Unit: g/t - Contained Metal: 16.8 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Melbourne Bitter from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.44 Context: 362,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-94) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:3815170e5020eaec38cc - Deposit or zone: Deep South Reliance #### Resource Data - Category: inferred - Tonnes: 224000 - Grade: 1.62 - Grade Unit: g/t - Contained Metal: 11.7 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Deep South Reliance from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.62 Context: 224,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-95) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:11858af4241682ec9035 - Deposit or zone: Eagles Peak #### Resource Data - Category: inferred - Tonnes: 305000 - Grade: 1.16 - Grade Unit: g/t - Contained Metal: 11.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Eagles Peak from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.16 Context: 305,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-96) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:3207acc8910fdf2afee6 - Deposit or zone: Orion #### Resource Data - Category: inferred - Tonnes: 251000 - Grade: 1.43 - Grade Unit: g/t - Contained Metal: 11.5 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Orion from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.43 Context: 251,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-97) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:0f7f2631945fb1ac444c - Deposit or zone: Wahoo #### Resource Data - Category: inferred - Tonnes: 258000 - Grade: 1.25 - Grade Unit: g/t - Contained Metal: 10.4 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Wahoo from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.25 Context: 258,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-98) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:686977c22b7221ed1445 - Deposit or zone: Fangio #### Resource Data - Category: inferred - Tonnes: 129000 - Grade: 1.33 - Grade Unit: g/t - Contained Metal: 5.5 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical resource estimate for Fangio from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.33 Context: 129,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-99) Gum Creek Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Leigh Ryan - Resource group id: resource:b079d2bb5daf21343cc5 - Deposit or zone: Total #### Resource Data - Category: inferred - Tonnes: 44450000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 2137.3 - Contained Unit: koz #### Prior Estimate - Resource Date: 2023-05-15 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-05-15T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: This is a historical total resource estimate for Gum Creek Gold Project from May 2023, used for comparison. - Positive factor: Historical resource provides context for project evolution. - Negative factor: This is a historical estimate, not new information. Evidence · table > 1.50 Context: 44,450,000 #### 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 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports **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 3.4 years before this release ### Fact 101 [Link to this fact](https://atlas-staging.minestarters.com/news/hrn-annual-report-to-shareholders--a7053fa3-cfb6-4281-a0e1-8d786e5325fb#fact-resource-facts-100) Gum Creek Gold Project · gold #### Identity - Project: Gum Creek Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: HRN #### Resource scope - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Auralia Mining Consulting Pty Ltd - Resource group id: resource:911f53d252fb8a23e0f3 - Mining method: combined - Ownership percent: 100 % #### Prior Estimate - Resource Date: 2026-07-22 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The DFS results present a highly attractive economic profile for the Gum Creek Gold Project, demonstrating strong profitability and a clear path to production. - Positive factor: DFS confirms robust project economics with a 10-year mine life. - Positive factor: High gold production target of 880.1 koz. - Positive factor: Low All-in Sustaining Cost \(AISC\) of A$2,995/oz. - Positive factor: Strong NPV and IRR figures indicate high profitability. - Positive factor: Short payback period of 23 months. Evidence · table > 10.0 Context: Life of Mine \(LOM\) #### 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 **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## 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.