Interim Results
Original announcement by lse on
- Company
- Anglo Asian Mining plc
- Ticker
- AAZ
- Exchange
- LSE
- Region
- Unavailable
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver, Zinc
- Document categories
- Resource update, Production
- Extracted
- 2026-09-21 14:25:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Anglo Asian Mining plc announced strong interim results for H1 2026, achieving record half-year copper production of 8,840 tonnes and a substantial increase in profit before tax to $68.5 million. The company also reduced its full-year copper All-in-Sustaining-Cost (AISC) guidance, although gold production guidance was slightly lowered due to ore variability. The report includes updates on several JORC-compliant mineral resource estimates and progress on feasibility studies for the Xarxar and Garadag copper deposits.
Reasoning: Anglo Asian Mining plc reported exceptional financial and operational performance for H1 2026, driven by record copper production and significant revenue growth, alongside a reduction in copper AISC guidance. While gold production guidance was lowered, the overall outlook remains strong with progress on key copper projects.
Positive factors
- Record half-year copper production
- Significant increase in revenue and profit before tax
- Reduced copper All-in-Sustaining-Cost (AISC) guidance
- Strong net cash generation and improved net cash position
- Progress on feasibility studies for Xarxar and Garadag copper deposits
Negative factors
- Reduced gold production guidance due to lower-than-expected recoveries from Gilar ore
Facts used in scoring: 84
Classification and evidence
QP/CP Signedpositive
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: Dr Stephen Westhead is explicitly named as a Competent Person (CP) and has reviewed and consented to the inclusion of the resource and reserve information in the announcement.
Evidence · text
“The information in the announcement that relates to exploration results, minerals resources and ore reserves is based on information compiled by Dr Stephen Westhead, who is a full-time employee of Anglo Asian Mining with the position of Vice President. Dr Stephen Westhead is a Fellow of The Geological Society of London, a Chartered Geologist, Fellow of the Society of Economic Geologists, Fellow of The Institute of Materials, Minerals and Mining and a Member of the Institute of Directors. Dr Stephen Westhead has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’; who is a Member or Fellow of a ‘Recognised Professional Organisation’ (RPO) included in a list that is posted on the ASX website from time to time (Chartered Geologist and Fellow of the Geological Society and Fellow of the Institute of Material, Minerals and Mining). Dr Stephen Westhead has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking, to qualify as a “competent person” as defined by the AIM rules. Dr Stephen Westhead has reviewed the resources and reserves included in this announcement and consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Several mineral resource estimates (Gedabek open pit, Zafar, Gilar, Xarxar, Garadag) are explicitly stated to be in accordance with the JORC (2012) code.
Evidence · text
“Mineral resource and ore reserve estimates are produced both in accordance with the JORC (2012) code (“JORC”)”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Zafar deposit estimate is from 30 November 2021 and development was stopped in mid-2023, indicating it is not a current operational estimate.
Evidence · text
“A final JORC mineral resources estimate of the Zafar deposit at 30 November 2021 is set out in Table 2. ... Development of the Zafar mine was stopped in mid-2023”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Vejnaly deposit estimate is explicitly referred to as a 'Soviet mineral resources estimate' and is not compliant with modern reporting standards.
Evidence · text
“Table 6 – Soviet mineral resources estimate of the Vejnaly deposit”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for the Zafar deposit is stated as '> 0.3 per cent. copper equivalent'.
Evidence · text
“Copper > 0.3 per cent. copper equivalent”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for the Gilar deposit is stated as '>= 0.5 grammes per tonne of gold equivalent'.
Evidence · text
“Reporting cut-off >= 0.5 grammes per tonne of gold equivalent*”
Metal Equivalent Opaquepositive · Story-specific tag
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: The gold equivalent calculation for Gilar is provided with metal price assumptions, making it transparent.
Evidence · text
“Gold equivalent calculation = Gold g/t plus (copper per cent.*1.49) plus (zinc*0.46). The metal price assumptions used were Gold – $1,675 per ounce; Copper – $8,000 per tonne; Zinc – $2,500 per tonne.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for the Xarxar deposit is stated as '>= 0.2 per cent. copper'.
Evidence · text
“Reporting cut-off >= 0.2 per cent. copper.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for the Garadag deposit is stated as '0.13%' for all domains.
Evidence · table
“0.13”
Context: Domain 0 (un-mineralised)
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Xarxar deposit had nil Measured resources due to insufficient third-party QAQC drill core assays, indicating lower confidence in the resource classification.
Evidence · text
“Measured resources were nil due to insufficient third-party quality assurance and quality control (“QAQC”) drill core assays being carried out.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Demirli deposit estimate is explicitly referred to as an 'Internal Group estimate (non-JORC)' in the table title, despite being 'classified according to the JORC standard' in the text.
Evidence · text
“Table 7 – Internal Group estimate (non-JORC) of the remaining mineral resources of the Demirli deposit classified according to the JORC standard at 1 January 2026”
Extracted facts
Stored fact records: 61. Some facts used in scoring do not have a stored record.
Resource Estimates (61)
indicatedGedabek open pit · goldTonnes: 3240000Grade: 0.27Grade Unit: g/tContained Metal: 27.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:34f485b65a7be79428dc
Resource Data
- Category
- indicated
- Tonnes
- 3240000
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 27.5
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant estimate for remaining gold mineralisation in the Gedabek open pit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.27”
Context: 3.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGedabek open pit · copperTonnes: 3240000Grade: 0.45Grade Unit: %Contained Metal: 14.7Contained Unit: ktView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:34f485b65a7be79428dc
Resource Data
- Category
- indicated
- Tonnes
- 3240000
- Grade
- 0.45
- Grade Unit
- %
- Contained Metal
- 14.7
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant estimate for remaining copper mineralisation in the Gedabek open pit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.45”
Context: 3.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGedabek open pit · silverTonnes: 3240000Grade: 6.18Grade Unit: g/tContained Metal: 624Contained Unit: kozView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- silver
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:34f485b65a7be79428dc
Resource Data
- Category
- indicated
- Tonnes
- 3240000
- Grade
- 6.18
- Grade Unit
- g/t
- Contained Metal
- 624
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant estimate for remaining silver mineralisation in the Gedabek open pit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“6.18”
Context: 3.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGedabek open pit · zincTonnes: 3240000Grade: 0.18Grade Unit: %Contained Metal: 5.7Contained Unit: tView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:34f485b65a7be79428dc
Resource Data
- Category
- indicated
- Tonnes
- 3240000
- Grade
- 0.18
- Grade Unit
- %
- Contained Metal
- 5.7
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant estimate for remaining zinc mineralisation in the Gedabek open pit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.18”
Context: 3.24
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGedabek open pit · goldTonnes: 800000Grade: 0.56Grade Unit: g/tContained Metal: 13.9Contained Unit: kozView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:8ce142f8932ad57394be
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.56
- Grade Unit
- g/t
- Contained Metal
- 13.9
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant inferred estimate for remaining gold mineralisation in the Gedabek open pit, indicating lower confidence but still contributing to the overall resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.56”
Context: 0.80
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGedabek open pit · copperTonnes: 800000Grade: 0.21Grade Unit: %Contained Metal: 1.7Contained Unit: ktView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:8ce142f8932ad57394be
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.21
- Grade Unit
- %
- Contained Metal
- 1.7
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant inferred estimate for remaining copper mineralisation in the Gedabek open pit, indicating lower confidence but still contributing to the overall resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.21”
Context: 0.80
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGedabek open pit · silverTonnes: 800000Grade: 6.51Grade Unit: g/tContained Metal: 162.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- silver
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:8ce142f8932ad57394be
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 6.51
- Grade Unit
- g/t
- Contained Metal
- 162.8
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant inferred estimate for remaining silver mineralisation in the Gedabek open pit, indicating lower confidence but still contributing to the overall resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“6.51”
Context: 0.80
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGedabek open pit · zincTonnes: 800000Grade: 0.1Grade Unit: %Contained Metal: 0.8Contained Unit: tView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:8ce142f8932ad57394be
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.1
- Grade Unit
- %
- Contained Metal
- 0.8
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant inferred estimate for remaining zinc mineralisation in the Gedabek open pit, indicating lower confidence but still contributing to the overall resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.10”
Context: 0.80
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 9Gedabek open pit · goldTonnes: 4050000Grade: 0.33Grade Unit: g/tContained Metal: 41.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:748789c59f778e40904d
Resource Data
- Tonnes
- 4050000
- Grade
- 0.33
- Grade Unit
- g/t
- Contained Metal
- 41.4
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total JORC-compliant estimate for remaining gold mineralisation in the Gedabek open pit, combining measured, indicated, and inferred categories.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.33”
Context: 4.05
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 10Gedabek open pit · copperTonnes: 4050000Grade: 0.4Grade Unit: %Contained Metal: 16.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:748789c59f778e40904d
Resource Data
- Tonnes
- 4050000
- Grade
- 0.4
- Grade Unit
- %
- Contained Metal
- 16.4
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total JORC-compliant estimate for remaining copper mineralisation in the Gedabek open pit, combining measured, indicated, and inferred categories.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.40”
Context: 4.05
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 11Gedabek open pit · silverTonnes: 4050000Grade: 6.25Grade Unit: g/tContained Metal: 786.8Contained Unit: kozView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- silver
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:748789c59f778e40904d
Resource Data
- Tonnes
- 4050000
- Grade
- 6.25
- Grade Unit
- g/t
- Contained Metal
- 786.8
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total JORC-compliant estimate for remaining silver mineralisation in the Gedabek open pit, combining measured, indicated, and inferred categories.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“6.25”
Context: 4.05
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 12Gedabek open pit · zincTonnes: 4050000Grade: 0.16Grade Unit: %Contained Metal: 6.5Contained Unit: tView all detailsHide details
Identity
- Project
- Gedabek open pit
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:748789c59f778e40904d
Resource Data
- Tonnes
- 4050000
- Grade
- 0.16
- Grade Unit
- %
- Contained Metal
- 6.5
- Contained Unit
- t
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total JORC-compliant estimate for remaining zinc mineralisation in the Gedabek open pit, combining measured, indicated, and inferred categories.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.16”
Context: 4.05
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedZafar · copperTonnes: 5500000Grade: 0.5Grade Unit: %Contained Metal: 25Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:c69e90616e632d4db77c
Resource Data
- Category
- indicated
- Tonnes
- 5500000
- Grade
- 0.5
- Grade Unit
- %
- Contained Metal
- 25
- Contained Unit
- kt
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical JORC-compliant estimate for the Zafar deposit, provided for context but not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.5”
Context: 5.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
indicatedZafar · goldTonnes: 5500000Grade: 0.4Grade Unit: g/tContained Metal: 64Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:c69e90616e632d4db77c
Resource Data
- Category
- indicated
- Tonnes
- 5500000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 64
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical JORC-compliant estimate for the Zafar deposit, provided for context but not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.4”
Context: 5.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
indicatedZafar · zincTonnes: 5500000Grade: 0.6Grade Unit: %Contained Metal: 32Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:c69e90616e632d4db77c
Resource Data
- Category
- indicated
- Tonnes
- 5500000
- Grade
- 0.6
- Grade Unit
- %
- Contained Metal
- 32
- Contained Unit
- kt
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical JORC-compliant estimate for the Zafar deposit, provided for context but not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.6”
Context: 5.5
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredZafar · copperTonnes: 1300000Grade: 0.2Grade Unit: %Contained Metal: 3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:af9871cf26d949194035
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.2
- Grade Unit
- %
- Contained Metal
- 3
- Contained Unit
- kt
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical JORC-compliant inferred estimate for the Zafar deposit, indicating lower confidence and not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.2”
Context: 1.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredZafar · goldTonnes: 1300000Grade: 0.2Grade Unit: g/tContained Metal: 9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:af9871cf26d949194035
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.2
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical JORC-compliant inferred estimate for the Zafar deposit, indicating lower confidence and not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.2”
Context: 1.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
inferredZafar · zincTonnes: 1300000Grade: 0.3Grade Unit: %Contained Metal: 3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:af9871cf26d949194035
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 3
- Contained Unit
- kt
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical JORC-compliant inferred estimate for the Zafar deposit, indicating lower confidence and not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.3”
Context: 1.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
Fact 19Zafar · copperTonnes: 6800000Grade: 0.5Grade Unit: %Contained Metal: 28Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:9333047f4adff0c59763
Resource Data
- Tonnes
- 6800000
- Grade
- 0.5
- Grade Unit
- %
- Contained Metal
- 28
- Contained Unit
- kt
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total historical JORC-compliant estimate for the Zafar deposit, provided for context but not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.5”
Context: 6.8
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
Fact 20Zafar · goldTonnes: 6800000Grade: 0.4Grade Unit: g/tContained Metal: 73Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:9333047f4adff0c59763
Resource Data
- Tonnes
- 6800000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 73
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total historical JORC-compliant estimate for the Zafar deposit, provided for context but not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.4”
Context: 6.8
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
Fact 21Zafar · zincTonnes: 6800000Grade: 0.6Grade Unit: %Contained Metal: 36Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Zafar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:9333047f4adff0c59763
Resource Data
- Tonnes
- 6800000
- Grade
- 0.6
- Grade Unit
- %
- Contained Metal
- 36
- Contained Unit
- kt
- Cutoff Grade
- 0.3
- Cutoff Unit
- % copper equivalent
Prior Estimate
- Resource Date
- 2021-11-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-11-30T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total historical JORC-compliant estimate for the Zafar deposit, provided for context but not representing new information or active development.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
- Development of the mine was stopped in mid-2023
Evidence · table
“0.6”
Context: 6.8
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.8 years before this release
measuredGilar · goldTonnes: 3310000Grade: 1.46Grade Unit: g/tContained Metal: 150Contained Unit: kozView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:98d32ff2b027e0522dba
Resource Data
- Category
- measured
- Tonnes
- 3310000
- Grade
- 1.46
- Grade Unit
- g/t
- Contained Metal
- 150
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant measured estimate for remaining gold mineralisation in the Gilar deposit, indicating high confidence for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
- Measured category indicates high confidence
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“1.46”
Context: 3.31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredGilar · copperTonnes: 3310000Grade: 0.97Grade Unit: %Contained Metal: 32.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:98d32ff2b027e0522dba
Resource Data
- Category
- measured
- Tonnes
- 3310000
- Grade
- 0.97
- Grade Unit
- %
- Contained Metal
- 32.2
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant measured estimate for remaining copper mineralisation in the Gilar deposit, indicating high confidence for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
- Measured category indicates high confidence
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.97”
Context: 3.31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredGilar · zincTonnes: 3310000Grade: 0.89Grade Unit: %Contained Metal: 29.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:98d32ff2b027e0522dba
Resource Data
- Category
- measured
- Tonnes
- 3310000
- Grade
- 0.89
- Grade Unit
- %
- Contained Metal
- 29.4
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant measured estimate for remaining zinc mineralisation in the Gilar deposit, indicating high confidence for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
- Measured category indicates high confidence
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.89”
Context: 3.31
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGilar · goldTonnes: 2010000Grade: 1Grade Unit: g/tContained Metal: 62.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:9ed56c5796a4da3bcca0
Resource Data
- Category
- indicated
- Tonnes
- 2010000
- Grade
- 1
- Grade Unit
- g/t
- Contained Metal
- 62.5
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant indicated estimate for remaining gold mineralisation in the Gilar deposit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“1.00”
Context: 2.01
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGilar · copperTonnes: 2010000Grade: 0.56Grade Unit: %Contained Metal: 11.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:9ed56c5796a4da3bcca0
Resource Data
- Category
- indicated
- Tonnes
- 2010000
- Grade
- 0.56
- Grade Unit
- %
- Contained Metal
- 11.3
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant indicated estimate for remaining copper mineralisation in the Gilar deposit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.56”
Context: 2.01
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGilar · zincTonnes: 2010000Grade: 0.49Grade Unit: %Contained Metal: 9.8Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:9ed56c5796a4da3bcca0
Resource Data
- Category
- indicated
- Tonnes
- 2010000
- Grade
- 0.49
- Grade Unit
- %
- Contained Metal
- 9.8
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant indicated estimate for remaining zinc mineralisation in the Gilar deposit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.49”
Context: 2.01
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGilar · goldTonnes: 5320000Grade: 1.28Grade Unit: g/tContained Metal: 212.4Contained Unit: kozView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:e1c83d5dff433a30db1d
Resource Data
- Category
- indicated
- Tonnes
- 5320000
- Grade
- 1.28
- Grade Unit
- g/t
- Contained Metal
- 212.4
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant measured and indicated estimate for remaining gold mineralisation in the Gilar deposit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“1.28”
Context: 5.32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGilar · copperTonnes: 5320000Grade: 0.82Grade Unit: %Contained Metal: 43.5Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:e1c83d5dff433a30db1d
Resource Data
- Category
- indicated
- Tonnes
- 5320000
- Grade
- 0.82
- Grade Unit
- %
- Contained Metal
- 43.5
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant measured and indicated estimate for remaining copper mineralisation in the Gilar deposit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.82”
Context: 5.32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedGilar · zincTonnes: 5320000Grade: 0.74Grade Unit: %Contained Metal: 39.2Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:e1c83d5dff433a30db1d
Resource Data
- Category
- indicated
- Tonnes
- 5320000
- Grade
- 0.74
- Grade Unit
- %
- Contained Metal
- 39.2
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant measured and indicated estimate for remaining zinc mineralisation in the Gilar deposit, providing updated figures for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.74”
Context: 5.32
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGilar · goldTonnes: 200000Grade: 0.69Grade Unit: g/tContained Metal: 4.2Contained Unit: kozView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:55f68d7081bdda9718d4
Resource Data
- Category
- inferred
- Tonnes
- 200000
- Grade
- 0.69
- Grade Unit
- g/t
- Contained Metal
- 4.2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant inferred estimate for remaining gold mineralisation in the Gilar deposit, indicating lower confidence but still contributing to the overall resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.69”
Context: 0.20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGilar · copperTonnes: 200000Grade: 0.26Grade Unit: %Contained Metal: 0.5Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:55f68d7081bdda9718d4
Resource Data
- Category
- inferred
- Tonnes
- 200000
- Grade
- 0.26
- Grade Unit
- %
- Contained Metal
- 0.5
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant inferred estimate for remaining copper mineralisation in the Gilar deposit, indicating lower confidence but still contributing to the overall resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.26”
Context: 0.20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredGilar · zincTonnes: 200000Grade: 0.26Grade Unit: %Contained Metal: 0.5Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:55f68d7081bdda9718d4
Resource Data
- Category
- inferred
- Tonnes
- 200000
- Grade
- 0.26
- Grade Unit
- %
- Contained Metal
- 0.5
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a JORC-compliant inferred estimate for remaining zinc mineralisation in the Gilar deposit, indicating lower confidence but still contributing to the overall resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.26”
Context: 0.20
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 34Gilar · goldTonnes: 5520000Grade: 1.26Grade Unit: g/tContained Metal: 216.7Contained Unit: kozView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- gold
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:ccc14a724e0e43e829c7
Resource Data
- Tonnes
- 5520000
- Grade
- 1.26
- Grade Unit
- g/t
- Contained Metal
- 216.7
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total JORC-compliant estimate for remaining gold mineralisation in the Gilar deposit, combining all categories for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“1.26”
Context: 5.52
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 35Gilar · copperTonnes: 5520000Grade: 0.8Grade Unit: %Contained Metal: 44Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:ccc14a724e0e43e829c7
Resource Data
- Tonnes
- 5520000
- Grade
- 0.8
- Grade Unit
- %
- Contained Metal
- 44
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total JORC-compliant estimate for remaining copper mineralisation in the Gilar deposit, combining all categories for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.80”
Context: 5.52
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 36Gilar · zincTonnes: 5520000Grade: 0.72Grade Unit: %Contained Metal: 39.7Contained Unit: ktView all detailsHide details
Identity
- Project
- Gilar
- Commodity
- zinc
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:ccc14a724e0e43e829c7
Resource Data
- Tonnes
- 5520000
- Grade
- 0.72
- Grade Unit
- %
- Contained Metal
- 39.7
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t gold equivalent
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total JORC-compliant estimate for remaining zinc mineralisation in the Gilar deposit, combining all categories for an existing resource.
Positive factors
- JORC compliant estimate
- QP signed
Negative factors
- Estimate is a re-statement of remaining mineralisation, not a new discovery
Evidence · table
“0.72”
Context: 5.52
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedXarxar · copperTonnes: 5200000Grade: 0.55Grade Unit: %Contained Metal: 28.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:f29d684925d3e3a819b1
- Deposit or zone
- Oxide
Resource Data
- Category
- indicated
- Tonnes
- 5200000
- Grade
- 0.55
- Grade Unit
- %
- Contained Metal
- 28.5
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated estimate for oxide copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.55”
Context: 5.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
inferredXarxar · copperTonnes: 800000Grade: 0.66Grade Unit: %Contained Metal: 5.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:129c38eea385640d0bee
- Deposit or zone
- Oxide
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 0.66
- Grade Unit
- %
- Contained Metal
- 5.2
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant inferred estimate for oxide copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
Evidence · table
“0.66”
Context: 0.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
inferredXarxar · copperTonnes: 5900000Grade: 0.57Grade Unit: %Contained Metal: 33.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:401cf229c714fe57dabd
- Deposit or zone
- Oxide
Resource Data
- Category
- inferred
- Tonnes
- 5900000
- Grade
- 0.57
- Grade Unit
- %
- Contained Metal
- 33.7
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated and inferred estimate for oxide copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.57”
Context: 5.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
indicatedXarxar · copperTonnes: 16800000Grade: 0.46Grade Unit: %Contained Metal: 77.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:ee8aa6d789d84ae435cd
- Deposit or zone
- Sulphide
Resource Data
- Category
- indicated
- Tonnes
- 16800000
- Grade
- 0.46
- Grade Unit
- %
- Contained Metal
- 77.9
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated estimate for sulphide copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.46”
Context: 16.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
inferredXarxar · copperTonnes: 2100000Grade: 0.35Grade Unit: %Contained Metal: 7.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:ef0190e950f7a5f5a695
- Deposit or zone
- Sulphide
Resource Data
- Category
- inferred
- Tonnes
- 2100000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 7.6
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant inferred estimate for sulphide copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
Evidence · table
“0.35”
Context: 2.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
inferredXarxar · copperTonnes: 18900000Grade: 0.45Grade Unit: %Contained Metal: 85.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:afa31ac586d417b9310c
- Deposit or zone
- Sulphide
Resource Data
- Category
- inferred
- Tonnes
- 18900000
- Grade
- 0.45
- Grade Unit
- %
- Contained Metal
- 85.5
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated and inferred estimate for sulphide copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.45”
Context: 18.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
indicatedXarxar · copperTonnes: 22000000Grade: 0.48Grade Unit: %Contained Metal: 106.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:774fabf7de523979b387
Resource Data
- Category
- indicated
- Tonnes
- 22000000
- Grade
- 0.48
- Grade Unit
- %
- Contained Metal
- 106.3
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated estimate for total copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.48”
Context: 22.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
inferredXarxar · copperTonnes: 2900000Grade: 0.44Grade Unit: %Contained Metal: 12.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:aca8820cc1936886093d
Resource Data
- Category
- inferred
- Tonnes
- 2900000
- Grade
- 0.44
- Grade Unit
- %
- Contained Metal
- 12.8
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant inferred estimate for total copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
Evidence · table
“0.44”
Context: 2.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
inferredXarxar · copperTonnes: 24900000Grade: 0.48Grade Unit: %Contained Metal: 119.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Xarxar
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:cec19cd9d7766b8ceadb
Resource Data
- Category
- inferred
- Tonnes
- 24900000
- Grade
- 0.48
- Grade Unit
- %
- Contained Metal
- 119.1
- Contained Unit
- kt
- Cutoff Grade
- 0.2
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2024-01-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-02-20T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated and inferred estimate for total copper in the Xarxar deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.48”
Context: 24.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
indicatedGaradag · copperTonnes: 45800000Grade: 0.45Grade Unit: %Contained Metal: 205.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:0d370e5c68b759689069
- Deposit or zone
- enriched
Resource Data
- Category
- indicated
- Tonnes
- 45800000
- Grade
- 0.45
- Grade Unit
- %
- Contained Metal
- 205.6
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated estimate for enriched copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.45”
Context: 45.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGaradag · copperTonnes: 68900000Grade: 0.42Grade Unit: %Contained Metal: 285.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:226ad178c8dbcfd1877b
- Deposit or zone
- enriched
Resource Data
- Category
- inferred
- Tonnes
- 68900000
- Grade
- 0.42
- Grade Unit
- %
- Contained Metal
- 285.9
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant inferred estimate for enriched copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
Evidence · table
“0.42”
Context: 68.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGaradag · copperTonnes: 114700000Grade: 0.43Grade Unit: %Contained Metal: 491.5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:ff668f52d75c93264f08
- Deposit or zone
- enriched
Resource Data
- Category
- inferred
- Tonnes
- 114700000
- Grade
- 0.43
- Grade Unit
- %
- Contained Metal
- 491.5
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated and inferred estimate for enriched copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.43”
Context: 114.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedGaradag · copperTonnes: 41100000Grade: 0.24Grade Unit: %Contained Metal: 98.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:293f3840ff4433284091
- Deposit or zone
- primary
Resource Data
- Category
- indicated
- Tonnes
- 41100000
- Grade
- 0.24
- Grade Unit
- %
- Contained Metal
- 98.7
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated estimate for primary copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.24”
Context: 41.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGaradag · copperTonnes: 129100000Grade: 0.24Grade Unit: %Contained Metal: 306.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:5647328018cc53538dd3
- Deposit or zone
- primary
Resource Data
- Category
- inferred
- Tonnes
- 129100000
- Grade
- 0.24
- Grade Unit
- %
- Contained Metal
- 306.7
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant inferred estimate for primary copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
Evidence · table
“0.24”
Context: 129.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGaradag · copperTonnes: 170200000Grade: 0.24Grade Unit: %Contained Metal: 405.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:5ecbb86af99ec4a13fa0
- Deposit or zone
- primary
Resource Data
- Category
- inferred
- Tonnes
- 170200000
- Grade
- 0.24
- Grade Unit
- %
- Contained Metal
- 405.4
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated and inferred estimate for primary copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.24”
Context: 170.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
indicatedGaradag · copperTonnes: 86900000Grade: 0.35Grade Unit: %Contained Metal: 304.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:6fe7c572e395af0e1ab9
Resource Data
- Category
- indicated
- Tonnes
- 86900000
- Grade
- 0.35
- Grade Unit
- %
- Contained Metal
- 304.3
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated estimate for total copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.35”
Context: 86.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGaradag · copperTonnes: 198000000Grade: 0.3Grade Unit: %Contained Metal: 592.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:70fe18f85459559171d7
Resource Data
- Category
- inferred
- Tonnes
- 198000000
- Grade
- 0.3
- Grade Unit
- %
- Contained Metal
- 592.6
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant inferred estimate for total copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is historical and not a new update
Evidence · table
“0.30”
Context: 198
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
inferredGaradag · copperTonnes: 284900000Grade: 0.32Grade Unit: %Contained Metal: 896.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Garadag
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:54ce5d742f6c52fa9db8
Resource Data
- Category
- inferred
- Tonnes
- 284900000
- Grade
- 0.32
- Grade Unit
- %
- Contained Metal
- 896.9
- Contained Unit
- kt
- Cutoff Grade
- 0.13
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-09-24T00:00:00.000Z
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical maiden JORC-compliant indicated and inferred estimate for total copper in the Garadag deposit, provided for context.
Positive factors
- Maiden JORC compliant estimate
- QP signed
Negative factors
- Estimate is historical and not a new update
Evidence · table
“0.32”
Context: 284.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.2 years before this release
measuredVejnaly · oreTonnes: 181032View all detailsHide details
Identity
- Project
- Vejnaly
- Commodity
- ore
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:6113b77b0cfdc56e5bde
Resource Data
- Category
- measured
- Tonnes
- 181032
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical Soviet-era estimate for ore at Vejnaly, which is not compliant with modern reporting standards and has been extensively mined.
Negative factors
- Historical Soviet estimate, not JORC compliant
- No QP sign-off
- Main ore body extensively mined during Armenian occupation
Evidence · table
“181,032”
Context: Ore
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedVejnaly · oreTonnes: 168372View all detailsHide details
Identity
- Project
- Vejnaly
- Commodity
- ore
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:89e7e01fb3e41535e6a2
Resource Data
- Category
- indicated
- Tonnes
- 168372
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is a historical Soviet-era estimate for ore at Vejnaly, which is not compliant with modern reporting standards and has been extensively mined.
Negative factors
- Historical Soviet estimate, not JORC compliant
- No QP sign-off
- Main ore body extensively mined during Armenian occupation
Evidence · table
“168,372”
Context: Ore
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 57Vejnaly · oreTonnes: 349404View all detailsHide details
Identity
- Project
- Vejnaly
- Commodity
- ore
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- Resource group id
- resource:5a578a814cc433ba6979
Resource Data
- Tonnes
- 349404
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total historical Soviet-era estimate for ore at Vejnaly, which is not compliant with modern reporting standards and has been extensively mined.
Negative factors
- Historical Soviet estimate, not JORC compliant
- No QP sign-off
- Main ore body extensively mined during Armenian occupation
Evidence · table
“349,404”
Context: Ore
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredDemirli · copperTonnes: 3500000Grade: 0.44Grade Unit: %Contained Metal: 15.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Demirli
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:4f0a7b8de76c1e92a1e8
Resource Data
- Category
- measured
- Tonnes
- 3500000
- Grade
- 0.44
- Grade Unit
- %
- Contained Metal
- 15.6
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is an internal Group estimate for measured copper resources at Demirli, classified according to JORC standards but with some ambiguity in its formal JORC compliance.
Positive factors
- Classified according to JORC standard
- QP signed
Negative factors
- Estimate is an internal Group estimate, not a new discovery
- Title states 'non-JORC' despite text saying 'classified according to JORC standard'
Evidence · table
“0.44”
Context: 3.50
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedDemirli · copperTonnes: 9510000Grade: 0.45Grade Unit: %Contained Metal: 42.8Contained Unit: ktView all detailsHide details
Identity
- Project
- Demirli
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:efe4a538f9e9d4d2eef6
Resource Data
- Category
- indicated
- Tonnes
- 9510000
- Grade
- 0.45
- Grade Unit
- %
- Contained Metal
- 42.8
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is an internal Group estimate for indicated copper resources at Demirli, classified according to JORC standards but with some ambiguity in its formal JORC compliance.
Positive factors
- Classified according to JORC standard
- QP signed
Negative factors
- Estimate is an internal Group estimate, not a new discovery
- Title states 'non-JORC' despite text saying 'classified according to JORC standard'
Evidence · table
“0.45”
Context: 9.51
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredDemirli · copperTonnes: 27780000Grade: 0.37Grade Unit: %Contained Metal: 102.8Contained Unit: ktView all detailsHide details
Identity
- Project
- Demirli
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:a4ee39423c28900d08fe
Resource Data
- Category
- inferred
- Tonnes
- 27780000
- Grade
- 0.37
- Grade Unit
- %
- Contained Metal
- 102.8
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is an internal Group estimate for inferred copper resources at Demirli, classified according to JORC standards but with some ambiguity in its formal JORC compliance and lower confidence due to the inferred category.
Positive factors
- Classified according to JORC standard
- QP signed
Negative factors
- Inferred category indicates lower geological confidence
- Estimate is an internal Group estimate, not a new discovery
- Title states 'non-JORC' despite text saying 'classified according to JORC standard'
Evidence · table
“0.37”
Context: 27.78
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 61Demirli · copperTonnes: 56350000Grade: 0.41Grade Unit: %Contained Metal: 229.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Demirli
- Commodity
- copper
- Ticker
- AAZ
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Stephen Westhead
- Resource group id
- resource:450f910e4443058f2483
Resource Data
- Tonnes
- 56350000
- Grade
- 0.41
- Grade Unit
- %
- Contained Metal
- 229.6
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-01-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-21T00:00:00.000Z
Reasoning: This is the total internal Group estimate for copper resources at Demirli, classified according to JORC standards but with some ambiguity in its formal JORC compliance.
Positive factors
- Classified according to JORC standard
- QP signed
Negative factors
- Estimate is an internal Group estimate, not a new discovery
- Title states 'non-JORC' despite text saying 'classified according to JORC standard'
Evidence · table
“0.41”
Context: 56.35
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
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 Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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.