# Interim Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972 Original source: https://www.londonstockexchange.com/news-article/AAZ/interim-results/17795228 Publisher: lse Original announcement: 2026-09-21T05:00:05.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-21T14:25:45.891Z Atlas analysis updated: 2026-09-21T14:25:45.891Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Record half-year copper production - Positive factor: Significant increase in revenue and profit before tax - Positive factor: Reduced copper All-in-Sustaining-Cost \(AISC\) guidance - Positive factor: Strong net cash generation and improved net cash position - Positive factor: Progress on feasibility studies for Xarxar and Garadag copper deposits - Negative factor: Reduced gold production guidance due to lower-than-expected recoveries from Gilar ore Facts used in scoring: 84 ## Classification and evidence **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Compliant** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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 Disclosed** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Opaque** Polarity: positive Story-specific tag Definition: 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 Disclosed** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-14) Gedabek open pit · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.27 Context: 3.24 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-15) Gedabek open pit · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.45 Context: 3.24 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-16) Gedabek open pit · silver #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 6.18 Context: 3.24 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-17) Gedabek open pit · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.18 Context: 3.24 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-18) Gedabek open pit · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.56 Context: 0.80 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-19) Gedabek open pit · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.21 Context: 0.80 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-20) Gedabek open pit · silver #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 6.51 Context: 0.80 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-21) Gedabek open pit · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.10 Context: 0.80 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-22) Gedabek open pit · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-23) Gedabek open pit · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-24) Gedabek open pit · silver #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 12 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-25) Gedabek open pit · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-26) Zafar · copper Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.5 Context: 5.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-27) Zafar · gold Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.4 Context: 5.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-28) Zafar · zinc Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.6 Context: 5.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-29) Zafar · copper Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.2 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-30) Zafar · gold Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.2 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-31) Zafar · zinc Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.3 Context: 1.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### Fact 19 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-32) Zafar · copper Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.5 Context: 6.8 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### Fact 20 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-33) Zafar · gold Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.4 Context: 6.8 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### Fact 21 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-34) Zafar · zinc Historical result Needs review: historical\_restatement #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update - Negative factor: Development of the mine was stopped in mid-2023 Evidence · table > 0.6 Context: 6.8 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 4.8 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-35) Gilar · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Positive factor: Measured category indicates high confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 1.46 Context: 3.31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-36) Gilar · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Positive factor: Measured category indicates high confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.97 Context: 3.31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-37) Gilar · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Positive factor: Measured category indicates high confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.89 Context: 3.31 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-38) Gilar · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 1.00 Context: 2.01 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-39) Gilar · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.56 Context: 2.01 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-40) Gilar · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.49 Context: 2.01 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-41) Gilar · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 1.28 Context: 5.32 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-42) Gilar · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.82 Context: 5.32 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-43) Gilar · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.74 Context: 5.32 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-44) Gilar · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.69 Context: 0.20 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-45) Gilar · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.26 Context: 0.20 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-46) Gilar · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is a re-statement of remaining mineralisation, not a new discovery Evidence · table > 0.26 Context: 0.20 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 34 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-47) Gilar · gold #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 35 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-48) Gilar · copper #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 36 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-49) Gilar · zinc #### 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 factor: JORC compliant estimate - Positive factor: QP signed - Negative factor: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-50) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.55 Context: 5.2 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-51) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update Evidence · table > 0.66 Context: 0.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-52) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.57 Context: 5.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-53) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.46 Context: 16.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-54) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update Evidence · table > 0.35 Context: 2.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-55) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.45 Context: 18.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-56) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.48 Context: 22.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-57) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update Evidence · table > 0.44 Context: 2.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-58) Xarxar · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.48 Context: 24.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.7 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-59) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.45 Context: 45.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-60) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update Evidence · table > 0.42 Context: 68.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-61) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.43 Context: 114.7 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-62) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.24 Context: 41.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-63) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update Evidence · table > 0.24 Context: 129.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-64) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.24 Context: 170.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-65) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.35 Context: 86.9 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-66) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is historical and not a new update Evidence · table > 0.30 Context: 198 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-67) Garadag · copper Historical result Needs review: historical\_restatement #### 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 factor: Maiden JORC compliant estimate - Positive factor: QP signed - Negative factor: Estimate is historical and not a new update Evidence · table > 0.32 Context: 284.9 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 2.2 years before this release ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-68) Vejnaly · ore #### 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 factor: Historical Soviet estimate, not JORC compliant - Negative factor: No QP sign-off - Negative factor: Main ore body extensively mined during Armenian occupation Evidence · table > 181,032 Context: Ore #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-72) Vejnaly · ore #### 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 factor: Historical Soviet estimate, not JORC compliant - Negative factor: No QP sign-off - Negative factor: Main ore body extensively mined during Armenian occupation Evidence · table > 168,372 Context: Ore #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 57 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-76) Vejnaly · ore #### 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 factor: Historical Soviet estimate, not JORC compliant - Negative factor: No QP sign-off - Negative factor: Main ore body extensively mined during Armenian occupation Evidence · table > 349,404 Context: Ore #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-80) Demirli · copper #### 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 factor: Classified according to JORC standard - Positive factor: QP signed - Negative factor: Estimate is an internal Group estimate, not a new discovery - Negative factor: Title states 'non-JORC' despite text saying 'classified according to JORC standard' Evidence · table > 0.44 Context: 3.50 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-81) Demirli · copper #### 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 factor: Classified according to JORC standard - Positive factor: QP signed - Negative factor: Estimate is an internal Group estimate, not a new discovery - Negative factor: Title states 'non-JORC' despite text saying 'classified according to JORC standard' Evidence · table > 0.45 Context: 9.51 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-82) Demirli · copper #### 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 factor: Classified according to JORC standard - Positive factor: QP signed - Negative factor: Inferred category indicates lower geological confidence - Negative factor: Estimate is an internal Group estimate, not a new discovery - Negative factor: Title states 'non-JORC' despite text saying 'classified according to JORC standard' Evidence · table > 0.37 Context: 27.78 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 61 [Link to this fact](https://atlas-staging.minestarters.com/news/interim-results--d64ba689-e7d8-43fd-b1ba-1c45bee5f972#fact-resource-facts-83) Demirli · copper #### 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 factor: Classified according to JORC standard - Positive factor: QP signed - Negative factor: Estimate is an internal Group estimate, not a new discovery - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ## 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.