JNO: Annual Report

Original announcement by asx on

Company
Juno Minerals Limited
Ticker
JNO
Exchange
ASX
Region
Western Australia
Primary commodity
Iron ore
Secondary commodities
None reported
Document categories
Resource update, Agreement transaction, Other
Extracted
2026-09-29 14:57:46 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Juno Minerals Limited's 2026 Annual Report highlights the completed sale of its Mount Mason DSO Hematite Project for A$6 million cash and a 2% FOB production royalty, providing capital and a future income stream. The company's primary asset, the Mount Ida Magnetite Project, remains a large, technically advanced magnetite resource in the Yilgarn region, with a JORC 2012 compliant estimate of 1.85 billion tonnes at 29.48% Fe, though this is a restatement of a prior estimate. Exploration for lithium and gold at Mount Ida did not yield significant results, and no further work is planned for these prospects.

Reasoning: Juno Minerals Limited's annual report confirms a large, JORC compliant iron ore resource at Mount Ida, though it is a restatement of prior data. The completed sale of the Mount Mason Project provides immediate capital and a future royalty stream, despite a delay in production. Exploration for other commodities did not yield significant results.

Positive factors

  • Sale of Mount Mason provides capital and future royalty stream
  • Mount Ida Magnetite Project confirmed as large resource
  • JORC compliant resource estimate with QP sign-off

Negative factors

  • Resource estimate is a restatement of prior data (2021)
  • No significant new exploration results for lithium or gold
  • Royalty income from Mount Mason sale delayed until 2027

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

Facts used in scoring: 28

Classification and evidence

JORC Compliantpositive

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

Why it applies: The Mineral Resource estimates for Mount Ida are stated to be in accordance with the JORC Code (2012).

Evidence · text

“The following tables show the Mineral Resource estimates of the Mount Ida project in accordance with the JORC Code (2012)”

QP/CP Signedpositive

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

Why it applies: The report states that Dr Michael Cunningham and Mr Rodney Brown, who are Members of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists, qualify as 'Competent Person' as defined in the JORC Code.

Evidence · text

“The information in this report with respect to the CYIP that relates to mineral resource estimates is based on information compiled by Dr Michael Cunningham and Mr Rodney Brown, who are each Members of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Dr Cunningham and Mr Brown are employed by SRK Consulting. They have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which being undertaking to qualify as a “Competent Person” as defined in the JORC Code.”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document presents the Mineral Resources and Ore Reserves Statement as part of the Annual Report for the financial year ended 30 June 2026.

Evidence · text

“MINERAL RESOURCES AND ORE RESERVES STATEMENT AND TENEMENT SCHEDULE”

Inferred Resourcenegative

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

Why it applies: A significant portion of the Mount Ida Magnetite Project resource is classified as Inferred, totaling 784 Mt.

Evidence · table

“Inferred”

Context: 784

Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

Resource Estimates (28)

indicatedMount Ida Magnetite Project · iron_oreTonnes: 1062000000Grade: 30.23Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
30.23
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“30.23”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · sio2Tonnes: 1062000000Grade: 48.47Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
sio2
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
48.47
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“48.47”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · al2o3Tonnes: 1062000000Grade: 1.88Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
al2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
1.88
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“1.88”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · caoTonnes: 1062000000Grade: 2.7Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
cao
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
2.7
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“2.70”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · pTonnes: 1062000000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
p
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
0.07
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“0.07”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · sulfurTonnes: 1062000000Grade: 0.28Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
0.28
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“0.28”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · loiTonnes: 1062000000Grade: -0.56Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
loi
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
-0.56
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“-0.56”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · mgoTonnes: 1062000000Grade: 3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
mgo
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
3
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“3.00”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedMount Ida Magnetite Project · mnoTonnes: 1062000000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
mno
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1f30244bfe5d31dcec06
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
indicated
Tonnes
1062000000
Grade
0.07
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This indicated resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)
  • High Confidence (M&I percentage)

Negative factors

  • Stale Data Re-release

Evidence · table

“0.07”

Context: 1,062

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · iron_oreTonnes: 784000000Grade: 28.47Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
28.47
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“28.47”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · sio2Tonnes: 784000000Grade: 50.24Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
sio2
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
50.24
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“50.24”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · al2o3Tonnes: 784000000Grade: 2.31Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
al2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
2.31
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“2.31”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · caoTonnes: 784000000Grade: 3.28Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
cao
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
3.28
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“3.28”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · pTonnes: 784000000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
p
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
0.07
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“0.07”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · sulfurTonnes: 784000000Grade: 0.34Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
0.34
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“0.34”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · loiTonnes: 784000000Grade: -0.62Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
loi
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
-0.62
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“-0.62”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · mgoTonnes: 784000000Grade: 2.84Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
mgo
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
2.84
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“2.84”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredMount Ida Magnetite Project · mnoTonnes: 784000000Grade: 0.09Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
mno
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:1b88a4d9334adef6f175
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Category
inferred
Tonnes
784000000
Grade
0.09
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This inferred resource is JORC compliant and signed by Competent Persons, confirming a large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates, and the inferred category carries lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release
  • Significant Inferred Component

Evidence · table

“0.09”

Context: 784

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · iron_oreTonnes: 1846000000Grade: 29.48Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
29.48
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“29.48”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · sio2Tonnes: 1846000000Grade: 49.22Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
sio2
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
49.22
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“49.22”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · al2o3Tonnes: 1846000000Grade: 2.06Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
al2o3
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
2.06
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“2.06”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · caoTonnes: 1846000000Grade: 2.95Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
cao
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
2.95
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“2.95”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · pTonnes: 1846000000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
p
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
0.07
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“0.07”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · sulfurTonnes: 1846000000Grade: 0.3Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
sulfur
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
0.3
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“0.30”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · loiTonnes: 1846000000Grade: -0.58Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
loi
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
-0.58
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“-0.58”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · mgoTonnes: 1846000000Grade: 2.94Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
mgo
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
2.94
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“2.94”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Combined Central, South & North ZonesMount Ida Magnetite Project · mnoTonnes: 1846000000Grade: 0.08Grade Unit: %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mount Ida Magnetite Project
Commodity
mno
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Dr Michael Cunningham, Mr Rodney Brown
Resource group id
resource:d6e8d186433f3595f1c0
Deposit or zone
Combined Central, South & North Zones
Material type
In situ total

Resource Data

Tonnes
1846000000
Grade
0.08
Grade Unit
%
Cutoff Grade
10
Cutoff Unit
% Magnetic Fe block grade

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-05-15T00:00:00.000Z

Dates

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

Reasoning: This total resource is JORC compliant and signed by Competent Persons, confirming a very large iron ore resource. However, it is a restatement of a prior estimate from 2021, indicating no new data or updates.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Large Resource (tonnes)

Negative factors

  • Stale Data Re-release

Evidence · table

“0.08”

Context: 1,846

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Fact 28Mount Mason DSO Hematite Project · iron_oreView all details
Link to this fact

Identity

Project
Mount Mason DSO Hematite Project
Commodity
iron_ore
Region
australia_wa
Reported Region
Western Australia
Ticker
JNO

Resource scope

Resource group id
resource:3274cb519e36b7a70c06

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The completed sale of the Mount Mason Project provides A$6 million cash and a 2% FOB production royalty, which is a significant financial boost for the company, although production and royalty income are delayed until 2027.

Positive factors

  • Capital Inflow
  • Future Royalty Stream
  • Strategic Sale

Negative factors

  • Royalty Delayed

Evidence · text

“The Mount Mason Project was sold to Gold Valley Yilgarn Pty Ltd (GVY) for $6m and a 2% FOB production royalty with completion in October 2026.”

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

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.