# IND: North Pool Tenement Granted Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ind-north-pool-tenement-granted--94cb59e5-e83a-47a7-bf39-54644c946d0e Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146905 Publisher: asx Original announcement: 2026-09-30T22:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T23:23:31.587Z Atlas analysis updated: 2026-09-30T23:23:31.587Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: tenement grant secures tenure - Positive factor: high-grade historic intercepts mentioned - Positive factor: proximity to known deposit - Negative factor: drilling is not yet underway - Negative factor: heritage survey pending Facts used in scoring: 5 ## Classification and evidence **Nearology Play** Polarity: neutral Story-specific tag Definition: 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) ### BCP0482 [Link to this fact](https://atlas-staging.minestarters.com/news/ind-north-pool-tenement-granted--94cb59e5-e83a-47a7-bf39-54644c946d0e#fact-drill-facts-0) North Pool · gold Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade Evidence · text > 1m @ 82.2 g/t Au from 63m \(BCP0482\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit \(430 Koz @ 2.0 g/t Au\)," ### BCP0413 [Link to this fact](https://atlas-staging.minestarters.com/news/ind-north-pool-tenement-granted--94cb59e5-e83a-47a7-bf39-54644c946d0e#fact-drill-facts-1) North Pool · gold Historical result Needs review: historical\_restatement #### 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 factor: strong grade from surface Evidence · text > 4m @ 19.17 g/t Au from surface \(BCP0413\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit \(430 Koz @ 2.0 g/t Au\)," ### BCP0414 [Link to this fact](https://atlas-staging.minestarters.com/news/ind-north-pool-tenement-granted--94cb59e5-e83a-47a7-bf39-54644c946d0e#fact-drill-facts-2) North Pool · gold Historical result Needs review: historical\_restatement #### 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 factor: moderate grade Evidence · text > 8m @ 4.06 g/t Au from 22m \(BCP0414\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit \(430 Koz @ 2.0 g/t Au\)," ### BNWI176 [Link to this fact](https://atlas-staging.minestarters.com/news/ind-north-pool-tenement-granted--94cb59e5-e83a-47a7-bf39-54644c946d0e#fact-drill-facts-3) North Pool · gold Historical result Needs review: historical\_restatement #### 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 factor: exceptional grade Evidence · text > 1m @ 36.0 g/t Au from 24m \(BNWI176\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "• North Pool lies approximately 1.5 km along strike from Genesis Minerals’ Beasley Creek deposit \(430 Koz @ 2.0 g/t Au\)," ### BCP0369 [Link to this fact](https://atlas-staging.minestarters.com/news/ind-north-pool-tenement-granted--94cb59e5-e83a-47a7-bf39-54644c946d0e#fact-drill-facts-4) North Pool · gold Historical result Needs review: historical\_restatement #### 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 factor: strong grade Evidence · text > 2m @ 12.97 g/t Au from 55m \(BCP0369\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release **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: "• 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.