# Interim Results

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b

Original source: https://www.londonstockexchange.com/news-article/AAU/interim-results/17809071

Publisher: lse

Original announcement: 2026-09-29T05:00:04.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-29T15:17:49.647Z

Atlas analysis updated: 2026-09-29T15:17:49.647Z

- Company: Ariana Resources plc

- Ticker: AAU

- Exchange: LSE

- Region: Zimbabwe

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Resource update, Drill results, Metallurgy

- Extracted: 2026-09-29 15:17:50 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Ariana Resources plc reported a profit before tax of £6.248 million for the first half of 2026. The company announced a significant increase in the Dokwe Gold Project's Mineral Resource Estimate to 1.6 Moz and Ore Reserve to 1.13 Moz of gold, supported by a revised Pre-Feasibility Study demonstrating robust economics. New drill results extended gold mineralization at Dokwe North, Central, and Sinkwe Prospect, and feasibility-level metallurgical testwork is underway with Xinhai Mining Services.

Reasoning: The company reported strong interim financial results, significantly increased its Dokwe Gold Project's Mineral Resource and Ore Reserve estimates, and presented positive PFS economics. New drill results extended mineralization, and feasibility-level metallurgical testwork is progressing, indicating substantial project advancement and de-risking.

- Positive factor: Increased Mineral Resource Estimate

- Positive factor: Increased Ore Reserve

- Positive factor: Strong PFS economics

- Positive factor: New drill intercepts extending mineralization

- Positive factor: Significant cash balance

- Positive factor: Strategic partnership with Xinhai

- Positive factor: Corporate structure simplification

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 22

## Classification and evidence

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: The Dokwe North deposit has a Measured Resource of 21,055 kt at 0.92 g/t Au, indicating high confidence.

Evidence · table

> Measured

Context: Dokwe North

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The Dokwe North deposit has an Indicated Resource of 27,224 kt at 0.71 g/t Au, and Dokwe Central has 2,107 kt at 1.39 g/t Au, showing reasonable geological confidence.

Evidence · table

> Indicated

Context: Dokwe North

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The Dokwe North deposit has an Inferred Resource of 11,963 kt at 0.67 g/t Au, and Dokwe Central has 117 kt at 1.66 g/t Au, which is a speculative category.

Evidence · table

> Inferred

Context: Dokwe North

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The Dokwe North deposit includes Proved Reserves totaling 20,956 kt at 0.87 g/t Au, demonstrating economic viability.

Evidence · table

> Proved

Context: Grand Total

**Probable Reserve**

Polarity: positive

Definition: Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The Dokwe North deposit includes Probable Reserves totaling 24,915 kt at 0.68 g/t Au, indicating likely economic viability.

Evidence · table

> Probable

Context: Grand Total

**Tonnage Growth**

Polarity: positive

Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved.

Why it applies: The Mineral Resource Estimate increased by 13% to 1.6Moz and the Dokwe North Ore Reserve increased by 42% to 1.13Moz.

Evidence · text

> The updated Mineral Resource Estimate increased by 13% to 1.6Moz of gold across Dokwe North and Dokwe Central, while the Dokwe North Ore Reserve increased by 42% to 1.13Moz.

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The Mineral Resource Estimate and Ore Reserves are reported in accordance with the JORC \(2012\) Code.

Evidence · text

> The Mineral Resource Estimate is reported accordance with the JORC \(2012\) Code

**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: The information is based on and fairly represents information prepared by JORC Competent People and Qualified People.

Evidence · text

> Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan \(together, the JORC Competent People\), and Richard John Siddle, Andrew Bamber and Daniel Van Heerdan \(together, the Qualified People\)

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The Mineral Resource Estimate and Ore Reserves are reported using a cut-off grade of 0.2 g/t Au.

Evidence · text

> at a 0.2 g/t Au cut-off

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Gold mineralisation is confirmed to extend at least 150m beyond the current resource envelope at Dokwe North, and extensions were identified at Dokwe Central and Sinkwe Prospect.

Evidence · text

> Gold mineralisation is now confirmed to extend at least 150m beyond the current resource envelope at Dokwe North, remaining open along strike; extensions to gold mineralisation were also identified at Dokwe Central and at the Sinkwe Prospect, 750m to the east.

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The announcement includes 'Compliance Statements' and a 'Competent Persons Statement' for the drill results.

Evidence · text

> Compliance Statements The information in this announcement relating to Mineral Resources and Ore Reserves has been reported by the Company in accordance with the 2012 Edition of the ‘Australasian Code for Reporting of Exploration results, Mineral Resources and Ore Reserves’ \( JORC Code \) previously \(refer to the Company’s replacement prospectus which was released to the ASX market platform on 8 September 2025 \( Prospectus \) and is available on the Company website at http://www.arianaresources.com/ \) \( Previous Market Announcement \). The Company confirms that it is not aware of any new information or data that materially affects the information included in the Previous Market Announcement and, in the case of estimates of Mineral Resources and Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the Previous Market Announcement continue to apply and have not materially changed. The information in this announcement that relates to the Dokwe PFS production target, or the forecast financial information derived from that production target was first reported on the ASX in the Previous Market Announcement. The Company confirms that all the material assumptions underpinning the production target, and the forecast financial information derived from the production target, in the Previous Market Announcement continue to apply and have not materially changed. Competent Persons Statement The information in the Investment Overview Section of the prospectus \(included at Section 3\), the Company and Projects Overview \(included at Section 5\), and the Independent Geologist’s Report \(included at Annexure A of the prospectus\), which relate to exploration targets, exploration results, mineral resources, Ore Reserves and forward looking financial information is based on, and fairly represents, information and supporting documentation prepared by Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan \(together, the JORC Competent People\), and Richard John Siddle, Andrew Bamber and Daniel Van Heerdan \(together, the Qualified People\). Refer to the Independent Geologist’s Report for further information in relation to the information compiled by each of the JORC Competent People and the Qualified People, their professional memberships, their relevant qualifications and experience and their relationship with the Company. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the Previous Market Announcement.

**Compositing Transparent**

Polarity: positive

Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The resource and reserve estimates, which inform the context of the drill results, are reported with a clear 0.2 g/t Au cut-off.

Evidence · text

> at a 0.2 g/t Au cut-off

**Pilot Scale Complete**

Polarity: positive

Definition: Pilot or demonstration plant testing completed under continuous operation.

Why it applies: Feasibility-level metallurgical testwork is underway on eight tonnes of samples, indicating a significant scale of testing.

Evidence · text

> Delivery of eight tonnes of metallurgical testwork samples obtained from diamond drilling at Dokwe North and Central to the Xinhai laboratory in Yantai, China; feasibility-level metallurgical testwork underway.

**Multi-Domain Tested**

Polarity: positive

Definition: Variability across ore domains \(oxide, transition, fresh\) has been addressed.

Why it applies: Metallurgical testwork samples were obtained from both Dokwe North and Dokwe Central, indicating testing across multiple ore domains.

Evidence · text

> eight tonnes of metallurgical testwork samples obtained from diamond drilling at Dokwe North and Central

**Heap Leach Route**

Polarity: neutral

Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap\_leach route \("heap-leach"\)

**Single Domain Only**

Polarity: negative

Definition: Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

## Extracted facts

Stored fact records: 22. Some facts used in scoring do not have a stored record.

## Drill Results (5)

### DRC25

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-drill-facts-16)

Dokwe North · gold

#### Identity

- Hole ID: DRC25
- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: zimbabwe
- Ticker: AAU

#### Geometry

- Grade: 16.9
- Grade Unit: g/t
- Intercept: 4 m
- From: 69 m
- To: 73 m
- Intercept Depth: 69 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DRC25:69-73

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows a strong gold grade over a moderate width, contributing to resource expansion at the Dokwe Gold Project.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Compositing Transparent

Evidence · text

> 4m @16.90 g/t Au from 69m \(DRC25\)

#### 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

### DRC23

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-drill-facts-17)

Dokwe North · gold

#### Identity

- Hole ID: DRC23
- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: zimbabwe
- Ticker: AAU

#### Geometry

- Grade: 7.67
- Grade Unit: g/t
- Intercept: 10 m
- From: 110 m
- To: 120 m
- Intercept Depth: 110 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DRC23:110-120

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept demonstrates good gold grade over a significant width, supporting resource expansion at the Dokwe Gold Project.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Compositing Transparent

Evidence · text

> 10m @ 7.67 g/t Au from 110m \(DRC23\)

#### 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

### DRC22

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-drill-facts-18)

Dokwe North · gold

#### Identity

- Hole ID: DRC22
- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: zimbabwe
- Ticker: AAU

#### Geometry

- Grade: 4.91
- Grade Unit: g/t
- Intercept: 10 m
- From: 156 m
- To: 166 m
- Intercept Depth: 156 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DRC22:156-166

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept shows a solid gold grade over a good width, contributing to the expansion of the Dokwe Gold Project's resource.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Compositing Transparent

Evidence · text

> 10m @ 4.91 g/t Au from 156m \(DRC22\)

#### 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

### DRC29

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-drill-facts-19)

Dokwe North · gold

#### Identity

- Hole ID: DRC29
- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: zimbabwe
- Ticker: AAU

#### Geometry

- Grade: 1.49
- Grade Unit: g/t
- Intercept: 22 m
- From: 111 m
- To: 133 m
- Intercept Depth: 111 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DRC29:111-133

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept, while lower grade, covers a substantial width, indicating good continuity for resource expansion at the Dokwe Gold Project.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Compositing Transparent

Evidence · text

> 22m @ 1.49 g/t Au from 111m \(DRC29\)

#### 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

### DRC31

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-drill-facts-20)

Dokwe North · gold

#### Identity

- Hole ID: DRC31
- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: zimbabwe
- Ticker: AAU

#### Geometry

- Grade: 1.2
- Grade Unit: g/t
- Intercept: 8 m
- From: 65 m
- To: 73 m
- Intercept Depth: 65 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: DRC31:65-73

#### QA/QC

- QP Signed: Yes
- QA/QC Methods: standards

#### Compositing

- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This intercept provides further evidence of gold mineralization, supporting the resource expansion efforts at the Dokwe Gold Project.

- Positive factor: Step-Out Extension

- Positive factor: QA/QC Disclosed

- Positive factor: Compositing Transparent

Evidence · text

> 8m @ 1.20 g/t Au from 65m \(DRC31\)

#### 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

## Resource Estimates (16)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-0)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:1e9d5b3ad8105aee60d9

#### Resource Data

- Category: measured
- Tonnes: 21055000
- Grade: 0.92
- Grade Unit: g/t
- Contained Metal: 621500
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This is a substantial Measured Resource for Dokwe North, indicating high confidence in the estimate, reported under JORC standards with a clear cut-off grade.

- Positive factor: Measured Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 21,055

Context: Measured

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-1)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:f60ad6700ab566c06eba

#### Resource Data

- Category: indicated
- Tonnes: 27224000
- Grade: 0.71
- Grade Unit: g/t
- Contained Metal: 617400
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This is a significant Indicated Resource for Dokwe North, providing reasonable geological confidence for future studies, reported under JORC standards with a clear cut-off grade.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 27,224

Context: Indicated

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-2)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:2cc0a2124b321ad18788

#### Resource Data

- Category: inferred
- Tonnes: 11963000
- Grade: 0.67
- Grade Unit: g/t
- Contained Metal: 258500
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This Inferred Resource for Dokwe North adds to the overall potential but has lower geological confidence compared to Measured and Indicated categories.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 11,963

Context: Inferred

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-3)

Dokwe Central · gold

#### Identity

- Project: Dokwe Central
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:badc31c23dabc8875b8f

#### Resource Data

- Category: indicated
- Tonnes: 2107000
- Grade: 1.39
- Grade Unit: g/t
- Contained Metal: 94300
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This Indicated Resource for Dokwe Central contributes to the overall project, showing good grade and confidence.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 2,107

Context: Indicated

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-4)

Dokwe Central · gold

#### Identity

- Project: Dokwe Central
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:f313ae5e043d1f215369

#### Resource Data

- Category: inferred
- Tonnes: 117000
- Grade: 1.66
- Grade Unit: g/t
- Contained Metal: 6200
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This Inferred Resource for Dokwe Central is small but high-grade, adding to the overall potential with lower confidence.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 117

Context: Inferred

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-5)

Dokwe Gold Project · gold

#### Identity

- Project: Dokwe Gold Project
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:ed5b32033f8d77a45871

#### Resource Data

- Category: measured
- Tonnes: 21055000
- Grade: 0.92
- Grade Unit: g/t
- Contained Metal: 621500
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The overall Measured Resource for the Dokwe Gold Project is substantial, providing a high-confidence base for development.

- Positive factor: Measured Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 21,055

Context: Total Measured

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**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

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-6)

Dokwe Gold Project · gold

#### Identity

- Project: Dokwe Gold Project
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:ba8839ef4443db84d14e

#### Resource Data

- Category: indicated
- Tonnes: 29331000
- Grade: 0.75
- Grade Unit: g/t
- Contained Metal: 711700
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The overall Indicated Resource for the Dokwe Gold Project is significant, providing a strong foundation for economic studies.

- Positive factor: Indicated Resource

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 29,331

Context: Total Indicated

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-7)

Dokwe Gold Project · gold

#### Identity

- Project: Dokwe Gold Project
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: resource
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:9326f8df05aa16846052

#### Resource Data

- Category: inferred
- Tonnes: 12080000
- Grade: 0.68
- Grade Unit: g/t
- Contained Metal: 264700
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The overall Inferred Resource for the Dokwe Gold Project adds to the total potential but requires further drilling to upgrade confidence.

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

- Negative factor: Inferred Resource

Evidence · table

> 12,080

Context: Total Inferred

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-8)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:7619bbda595f7a036657

#### Resource Data

- Category: proven
- Tonnes: 6298000
- Grade: 1.88
- Grade Unit: g/t
- Contained Metal: 379700
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This high-grade Proved Ore Reserve for Dokwe North demonstrates strong economic viability and high confidence, forming a key part of the project's production plan.

- Positive factor: Proven Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 6,298

Context: High Grade >1.0 g/t Au Proved

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-9)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:e3485d20a29e67ddf0e8

#### Resource Data

- Category: probable
- Tonnes: 4709000
- Grade: 1.95
- Grade Unit: g/t
- Contained Metal: 294600
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This high-grade Probable Ore Reserve for Dokwe North adds significant economically viable material to the project, reported under JORC standards.

- Positive factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 4,709

Context: High Grade >1.0 g/t Au Probable

#### 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 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

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-10)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:4b180e66b94a2fe3349d

#### Resource Data

- Category: proven
- Tonnes: 8043000
- Grade: 0.58
- Grade Unit: g/t
- Contained Metal: 150600
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This medium-grade Proved Ore Reserve for Dokwe North provides additional economically viable material with high confidence.

- Positive factor: Proven Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 8,043

Context: Medium Grade 0.5-1.0 g/t Au Proved

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-11)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:bcdaa6d8c5f2befe6049

#### Resource Data

- Category: probable
- Tonnes: 8273000
- Grade: 0.55
- Grade Unit: g/t
- Contained Metal: 147200
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This medium-grade Probable Ore Reserve for Dokwe North contributes to the overall economic inventory, reported under JORC standards.

- Positive factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 8,273

Context: Medium Grade 0.5-1.0 g/t Au Probable

#### 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 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

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-12)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:3f04a8e8fb781b6f54a6

#### Resource Data

- Category: proven
- Tonnes: 6615000
- Grade: 0.28
- Grade Unit: g/t
- Contained Metal: 59000
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This low-grade Proved Ore Reserve for Dokwe North adds to the total economic inventory, demonstrating viability at a lower cut-off.

- Positive factor: Proven Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 6,615

Context: Low Grade 0.2-0.5 g/t Au Proved

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-13)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:d24daf2a8f878779a569

#### Resource Data

- Category: probable
- Tonnes: 11932000
- Grade: 0.27
- Grade Unit: g/t
- Contained Metal: 104200
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: This low-grade Probable Ore Reserve for Dokwe North contributes to the overall economic inventory, reported under JORC standards.

- Positive factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 11,932

Context: Low Grade 0.2-0.5 g/t Au Probable

#### 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 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

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-14)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:f660e321e1de8172f142

#### Resource Data

- Category: proven
- Tonnes: 20956000
- Grade: 0.87
- Grade Unit: g/t
- Contained Metal: 589200
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The total Proved Ore Reserve for Dokwe North is substantial, providing a high-confidence base for the project's economic assessment.

- Positive factor: Proven Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 20,956

Context: Grand Total Proved

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**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

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-resource-facts-15)

Dokwe North · gold

#### Identity

- Project: Dokwe North
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Resource scope

- Estimate type: reserve
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Alfred Gillman, Ruth Woodcock, Izak van Coller, Hovhannes Hovhannisyan, Richard John Siddle, Andrew Bamber, Daniel Van Heerdan
- Resource group id: resource:3a2997ce4f7bbb3ebcea

#### Resource Data

- Category: probable
- Tonnes: 24915000
- Grade: 0.68
- Grade Unit: g/t
- Contained Metal: 546000
- Contained Unit: oz
- Cutoff Grade: 0.2
- Cutoff Unit: g/t Au

#### Prior Estimate

- Resource Date: 2026-05-01

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: The total Probable Ore Reserve for Dokwe North is significant, adding to the economically viable material for the project.

- Positive factor: Probable Reserve

- Positive factor: JORC Compliant

- Positive factor: QP/CP Signed

- Positive factor: Cut-off Disclosed

Evidence · table

> 24,915

Context: Grand Total Probable

#### 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 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

## Metallurgical Results (1)

### feasibility-level testwork

[Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--4cd6585e-5198-418b-98ac-aee96fdab85b#fact-metallurgical-facts-21)

Dokwe Gold Project · gold

#### Identity

- Project: Dokwe Gold Project
- Commodity: gold
- Region: zimbabwe
- Reported Region: Zimbabwe
- Ticker: AAU

#### Test Work

- Program Status: detailed
- Test Type: feasibility-level testwork
- Sample: eight tonnes of metallurgical testwork samples obtained from diamond drilling at Dokwe North and Central

#### Recovery

- Recovery Basis: unspecified

#### Lab

- Laboratory: Xinhai laboratory in Yantai, China
- Consultant: Xinhai Mining Services

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-29T00:00:00.000Z

Reasoning: Feasibility-level metallurgical testwork is underway on a substantial eight-tonne sample from multiple domains, indicating significant progress in de-risking the project's processing route.

- Positive factor: Pilot Scale Complete

- Positive factor: Multi-Domain Tested

Evidence · text

> Delivery of eight tonnes of metallurgical testwork samples obtained from diamond drilling at Dokwe North and Central to the Xinhai laboratory in Yantai, China; feasibility-level metallurgical testwork underway.

## 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.