# JNO: Annual Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145468 Publisher: asx Original announcement: 2026-09-29T07:03:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T14:57:45.470Z Atlas analysis updated: 2026-09-29T14:57:45.470Z - 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 Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas 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 factor: Sale of Mount Mason provides capital and future royalty stream - Positive factor: Mount Ida Magnetite Project confirmed as large resource - Positive factor: JORC compliant resource estimate with QP sign-off - Negative factor: Resource estimate is a restatement of prior data \(2021\) - Negative factor: No significant new exploration results for lithium or gold - Negative factor: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The 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 Update** Polarity: neutral Definition: 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 Resource** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-0) Mount Ida Magnetite Project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 30.23 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-1) Mount Ida Magnetite Project · sio2 Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 48.47 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-2) Mount Ida Magnetite Project · al2o3 Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 1.88 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-3) Mount Ida Magnetite Project · cao Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 2.70 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-4) Mount Ida Magnetite Project · p Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 0.07 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-5) Mount Ida Magnetite Project · sulfur Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 0.28 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-6) Mount Ida Magnetite Project · loi Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > -0.56 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-7) Mount Ida Magnetite Project · mgo Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 3.00 Context: 1,062 #### 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 **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/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-8) Mount Ida Magnetite Project · mno Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Positive factor: High Confidence \(M&I percentage\) - Negative factor: Stale Data Re-release Evidence · table > 0.07 Context: 1,062 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-9) Mount Ida Magnetite Project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 28.47 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-10) Mount Ida Magnetite Project · sio2 Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 50.24 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-11) Mount Ida Magnetite Project · al2o3 Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 2.31 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-12) Mount Ida Magnetite Project · cao Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 3.28 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-13) Mount Ida Magnetite Project · p Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 0.07 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-14) Mount Ida Magnetite Project · sulfur Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 0.34 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-15) Mount Ida Magnetite Project · loi Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > -0.62 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-16) Mount Ida Magnetite Project · mgo Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 2.84 Context: 784 #### 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 **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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-17) Mount Ida Magnetite Project · mno Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release - Negative factor: Significant Inferred Component Evidence · table > 0.09 Context: 784 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-18) Mount Ida Magnetite Project · iron\_ore Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 29.48 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-19) Mount Ida Magnetite Project · sio2 Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 49.22 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-20) Mount Ida Magnetite Project · al2o3 Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 2.06 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-21) Mount Ida Magnetite Project · cao Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 2.95 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-22) Mount Ida Magnetite Project · p Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 0.07 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-23) Mount Ida Magnetite Project · sulfur Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 0.30 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-24) Mount Ida Magnetite Project · loi Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > -0.58 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-25) Mount Ida Magnetite Project · mgo Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 2.94 Context: 1,846 #### 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 **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 ### Combined Central, South & North Zones [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-26) Mount Ida Magnetite Project · mno Historical result Needs review: historical\_restatement #### 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 factor: JORC Compliant - Positive factor: QP/CP Signed - Positive factor: Large Resource \(tonnes\) - Negative factor: Stale Data Re-release Evidence · table > 0.08 Context: 1,846 #### 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 **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 28 [Link to this fact](https://atlas-staging.minestarters.com/news/jno-annual-report--6d63d111-60c7-4732-aebc-9ea71b390be5#fact-resource-facts-27) Mount Mason DSO Hematite Project · iron\_ore #### 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 factor: Capital Inflow - Positive factor: Future Royalty Stream - Positive factor: Strategic Sale - Negative factor: 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 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 ## 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.