IND: North Pool Tenement Granted
Original announcement by asx on
- Company
- Industrial Minerals Ltd
- Ticker
- IND
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Drill results, Permitting, Other
- Extracted
- 2026-09-30 23:23:32 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Industrial Minerals has been granted Exploration Licence E38/4061 (North Pool) at the Laverton Gold Project in Western Australia. The company is currently conducting heritage surveys and selecting a drilling contractor to test a high-grade gold target on the Chatterbox Shear Zone.
Reasoning: The grant of Exploration Licence E38/4061 secures tenure over a high-grade target, though actual drilling results are pending heritage surveys and contractor selection.
Positive factors
- tenement grant secures tenure
- high-grade historic intercepts mentioned
- proximity to known deposit
Negative factors
- drilling is not yet underway
- heritage survey pending
Facts used in scoring: 5
Classification and evidence
Nearology Playneutral · Story-specific tag
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The release positions North Pool as being 1.5 km along strike from Genesis Minerals' Beasley Creek deposit.
Evidence · text
“North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Drill Results (5)
BCP0482North Pool · goldGrade: 82.2Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BCP0482
- Project
- North Pool
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- IND
Geometry
- Grade
- 82.2
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 63 m
- To
- 64 m
- Intercept Depth
- 63 m
Classification
- Sample Type
- drill
- Group ID
- BCP0482:63-64
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-13T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: High-grade historic intercept.
Positive factors
- exceptional grade
Evidence · text
“1m @ 82.2 g/t Au from 63m (BCP0482)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit (430 Koz @ 2.0 g/t Au),"
BCP0413North Pool · goldGrade: 19.17Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BCP0413
- Project
- North Pool
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- IND
Geometry
- Grade
- 19.17
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 0 m
- To
- 4 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- BCP0413:0-4
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-13T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Strong historic intercept from surface.
Positive factors
- strong grade from surface
Evidence · text
“4m @ 19.17 g/t Au from surface (BCP0413)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit (430 Koz @ 2.0 g/t Au),"
BCP0414North Pool · goldGrade: 4.06Grade Unit: g/tIntercept: 8 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BCP0414
- Project
- North Pool
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- IND
Geometry
- Grade
- 4.06
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 22 m
- To
- 30 m
- Intercept Depth
- 22 m
Classification
- Sample Type
- drill
- Group ID
- BCP0414:22-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-13T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Moderate historic intercept.
Positive factors
- moderate grade
Evidence · text
“8m @ 4.06 g/t Au from 22m (BCP0414)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit (430 Koz @ 2.0 g/t Au),"
BNWI176North Pool · goldGrade: 36Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BNWI176
- Project
- North Pool
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- IND
Geometry
- Grade
- 36
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 24 m
- To
- 25 m
- Intercept Depth
- 24 m
Classification
- Sample Type
- drill
- Group ID
- BNWI176:24-25
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-13T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: High-grade historic intercept.
Positive factors
- exceptional grade
Evidence · text
“1m @ 36.0 g/t Au from 24m (BNWI176)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit (430 Koz @ 2.0 g/t Au),"
BCP0369North Pool · goldGrade: 12.97Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BCP0369
- Project
- North Pool
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- IND
Geometry
- Grade
- 12.97
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 55 m
- To
- 57 m
- Intercept Depth
- 55 m
Classification
- Sample Type
- drill
- Group ID
- BCP0369:55-57
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-05-13T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Strong historic intercept.
Positive factors
- strong grade
Evidence · text
“2m @ 12.97 g/t Au from 55m (BCP0369)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit (430 Koz @ 2.0 g/t Au),"
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.