KGL: Annual Report to shareholders

Original announcement by asx on

Company
KGL Resources Limited
Ticker
KGL
Exchange
ASX
Region
Northern Territory
Primary commodity
Copper
Secondary commodities
Silver, Gold
Document categories
Resource update, Capital raise, Other
Extracted
2026-09-30 02:11:27 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

KGL Resources Limited's FY2026 Annual Report highlights a transformational year for the Jervois Copper-Silver-Gold Project, securing approximately A$689 million in aggregate funding, including a US$300 million PMPA and a A$300 million equity raising. The updated Baseline Economic Model confirms strong project economics with a post-tax NPV of A$839 million and an IRR of 31%, targeting first copper concentrate production in H1 CY2028. The report also details historical resource and reserve estimates and outlines a funded exploration program for future growth.

Reasoning: KGL Resources has achieved full funding for its Jervois Copper-Silver-Gold Project, backed by a robust economic model and a clear path to production, despite the resource and reserve figures being historical and the project facing inherent development risks.

Positive factors

  • Project fully funded to production with A$689 million aggregate funding
  • Updated Baseline Economic Model confirms strong economics (NPV A$839m, IRR 31%)
  • Significant equity raising and PMPA secured
  • Targeting first copper concentrate production in H1 CY2028
  • Funded exploration program to extend mine life and resource growth

Negative factors

  • Resource and reserve estimates are historical restatements from 2024 and 2025
  • Potential risks identified including metallurgy, construction, and FID delay

Facts used in scoring: 60

Classification and evidence

JORC Compliantpositive

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

Why it applies: The Jervois Mineral Resources Estimates and Ore Reserves Estimate were prepared in accordance with JORC 2012.

Evidence · text

“prepared in accordance with JORC 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 Competent Person's statement confirms that the estimates were prepared in accordance with JORC 2012, implying QP/CP sign-off.

Evidence · text

“Competent person’s statement”

Historical Estimate Onlynegative

Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.

Why it applies: All resource and reserve estimates refer to original market announcements from 2024 and 2025, making them historical restatements in this FY2026 annual report.

Evidence · text

“The information in this report that relates to the Jervois Mineral Resources Estimates was first released to the market on 25 November 2024”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The effective dates for the resource (25 November 2024) and reserve (10 February 2025) estimates are more than two years old relative to the FY2026 annual report publication date (30 September 2026).

Evidence · text

“The information in this report that relates to the Jervois Mineral Resources Estimates was first released to the market on 25 November 2024”

Measured Resourcepositive

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

Why it applies: The resource table includes Measured category resources for Reward and Bellbird Open Cut Potential.

Evidence · table

“Measured”

Context: Reward

Indicated Resourcepositive

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

Why it applies: The resource table includes Indicated category resources for Reward Open Cut, Bellbird Open Cut, Reward Underground, Bellbird Underground, and Rockface Underground.

Evidence · table

“Indicated”

Context: Reward

Inferred Resourcenegative

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

Why it applies: The resource table includes Inferred category resources for Reward Open Cut, Bellbird Open Cut, Reward Underground, Bellbird Underground, and Rockface Underground.

Evidence · table

“Inferred”

Context: Reward

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve table includes Proven category reserves for Reward Open Pit and Bellbird Open Pit.

Evidence · table

“Proven”

Context: Reward Open Pit

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: The reserve table includes Probable category reserves for Reward Open Pit, Bellbird Open Pit, Rockface Underground, Bellbird Underground, Reward Underground, and Marshall Underground.

Evidence · table

“Probable”

Context: Reward Open Pit

Extracted facts

Stored fact records: 60. Some facts used in scoring do not have a stored record.

Resource Estimates (60)

provenJervois Project · copperTonnes: 2680000Grade: 1.71Grade Unit: %Contained Metal: 45.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:efb08d00e6c6f3b2cd2f
Deposit or zone
Reward Open Pit

Resource Data

Category
proven
Tonnes
2680000
Grade
1.71
Grade Unit
%
Contained Metal
45.7
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade Proven copper reserve, indicating strong economic viability, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Proven Reserve category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.71”

Context: 2.68

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenJervois Project · goldTonnes: 2680000Grade: 0.39Grade Unit: g/tContained Metal: 33.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:efb08d00e6c6f3b2cd2f
Deposit or zone
Reward Open Pit

Resource Data

Category
proven
Tonnes
2680000
Grade
0.39
Grade Unit
g/t
Contained Metal
33.6
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Proven Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Proven Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.39”

Context: 2.68

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenJervois Project · silverTonnes: 2680000Grade: 41.96Grade Unit: g/tContained Metal: 3.6Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:efb08d00e6c6f3b2cd2f
Deposit or zone
Reward Open Pit

Resource Data

Category
proven
Tonnes
2680000
Grade
41.96
Grade Unit
g/t
Contained Metal
3.6
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good silver grade in the Proven Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Good silver grade in Proven Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“41.96”

Context: 2.68

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · copperTonnes: 2200000Grade: 1.19Grade Unit: %Contained Metal: 26.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b005df9d5a781390bf1b
Deposit or zone
Reward Open Pit

Resource Data

Category
probable
Tonnes
2200000
Grade
1.19
Grade Unit
%
Contained Metal
26.1
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good copper grade in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Good copper grade in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.19”

Context: 2.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · goldTonnes: 2200000Grade: 0.22Grade Unit: g/tContained Metal: 15.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b005df9d5a781390bf1b
Deposit or zone
Reward Open Pit

Resource Data

Category
probable
Tonnes
2200000
Grade
0.22
Grade Unit
g/t
Contained Metal
15.6
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.22”

Context: 2.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · silverTonnes: 2200000Grade: 36.3Grade Unit: g/tContained Metal: 2.6Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b005df9d5a781390bf1b
Deposit or zone
Reward Open Pit

Resource Data

Category
probable
Tonnes
2200000
Grade
36.3
Grade Unit
g/t
Contained Metal
2.6
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“36.3”

Context: 2.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenJervois Project · copperTonnes: 1510000Grade: 1.94Grade Unit: %Contained Metal: 29.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d090b25fb0d67c981b97
Deposit or zone
Bellbird Open Pit

Resource Data

Category
proven
Tonnes
1510000
Grade
1.94
Grade Unit
%
Contained Metal
29.2
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade Proven copper reserve, indicating strong economic viability, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Proven Reserve category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.94”

Context: 1.51

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenJervois Project · goldTonnes: 1510000Grade: 0.11Grade Unit: g/tContained Metal: 5.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d090b25fb0d67c981b97
Deposit or zone
Bellbird Open Pit

Resource Data

Category
proven
Tonnes
1510000
Grade
0.11
Grade Unit
g/t
Contained Metal
5.3
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Proven Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Proven Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.11”

Context: 1.51

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenJervois Project · silverTonnes: 1510000Grade: 11.59Grade Unit: g/tContained Metal: 0.6Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d090b25fb0d67c981b97
Deposit or zone
Bellbird Open Pit

Resource Data

Category
proven
Tonnes
1510000
Grade
11.59
Grade Unit
g/t
Contained Metal
0.6
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Proven Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Proven Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“11.59”

Context: 1.51

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · copperTonnes: 480000Grade: 1.04Grade Unit: %Contained Metal: 5Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:ba4ad3f05106f7c1ed08
Deposit or zone
Bellbird Open Pit

Resource Data

Category
probable
Tonnes
480000
Grade
1.04
Grade Unit
%
Contained Metal
5
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good copper grade in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Good copper grade in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.04”

Context: 0.48

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · goldTonnes: 480000Grade: 0.06Grade Unit: g/tContained Metal: 0.9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:ba4ad3f05106f7c1ed08
Deposit or zone
Bellbird Open Pit

Resource Data

Category
probable
Tonnes
480000
Grade
0.06
Grade Unit
g/t
Contained Metal
0.9
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.06”

Context: 0.48

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · silverTonnes: 480000Grade: 5.55Grade Unit: g/tContained Metal: 0.1Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:ba4ad3f05106f7c1ed08
Deposit or zone
Bellbird Open Pit

Resource Data

Category
probable
Tonnes
480000
Grade
5.55
Grade Unit
g/t
Contained Metal
0.1
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“5.55”

Context: 0.48

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · copperTonnes: 2960000Grade: 2.55Grade Unit: %Contained Metal: 75.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c92262247cb6b38043d0
Deposit or zone
Rockface Underground

Resource Data

Category
probable
Tonnes
2960000
Grade
2.55
Grade Unit
%
Contained Metal
75.4
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade Probable copper reserve, indicating strong economic viability, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Probable Reserve category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“2.55”

Context: 2.96

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · goldTonnes: 2960000Grade: 0.18Grade Unit: g/tContained Metal: 17Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c92262247cb6b38043d0
Deposit or zone
Rockface Underground

Resource Data

Category
probable
Tonnes
2960000
Grade
0.18
Grade Unit
g/t
Contained Metal
17
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.18”

Context: 2.96

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · silverTonnes: 2960000Grade: 16.58Grade Unit: g/tContained Metal: 1.6Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c92262247cb6b38043d0
Deposit or zone
Rockface Underground

Resource Data

Category
probable
Tonnes
2960000
Grade
16.58
Grade Unit
g/t
Contained Metal
1.6
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“16.58”

Context: 2.96

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · copperTonnes: 370000Grade: 1.65Grade Unit: %Contained Metal: 6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5343814472c5fb98cb86
Deposit or zone
Bellbird Underground

Resource Data

Category
probable
Tonnes
370000
Grade
1.65
Grade Unit
%
Contained Metal
6
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade Probable copper reserve, indicating strong economic viability, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.65”

Context: 0.37

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · goldTonnes: 370000Grade: 0.08Grade Unit: g/tContained Metal: 1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5343814472c5fb98cb86
Deposit or zone
Bellbird Underground

Resource Data

Category
probable
Tonnes
370000
Grade
0.08
Grade Unit
g/t
Contained Metal
1
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.08”

Context: 0.37

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · silverTonnes: 370000Grade: 13.23Grade Unit: g/tContained Metal: 0.2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5343814472c5fb98cb86
Deposit or zone
Bellbird Underground

Resource Data

Category
probable
Tonnes
370000
Grade
13.23
Grade Unit
g/t
Contained Metal
0.2
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“13.23”

Context: 0.37

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · copperTonnes: 2480000Grade: 1.88Grade Unit: %Contained Metal: 46.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:ed26af57c121453e1360
Deposit or zone
Reward Underground

Resource Data

Category
probable
Tonnes
2480000
Grade
1.88
Grade Unit
%
Contained Metal
46.7
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade Probable copper reserve, indicating strong economic viability, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Probable Reserve category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.88”

Context: 2.48

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · goldTonnes: 2480000Grade: 0.49Grade Unit: g/tContained Metal: 38.8Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:ed26af57c121453e1360
Deposit or zone
Reward Underground

Resource Data

Category
probable
Tonnes
2480000
Grade
0.49
Grade Unit
g/t
Contained Metal
38.8
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.49”

Context: 2.48

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · silverTonnes: 2480000Grade: 25.77Grade Unit: g/tContained Metal: 2.1Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:ed26af57c121453e1360
Deposit or zone
Reward Underground

Resource Data

Category
probable
Tonnes
2480000
Grade
25.77
Grade Unit
g/t
Contained Metal
2.1
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“25.77”

Context: 2.48

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · copperTonnes: 1710000Grade: 1.16Grade Unit: %Contained Metal: 19.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6325e26bf8e067f51e57
Deposit or zone
Marshall Underground

Resource Data

Category
probable
Tonnes
1710000
Grade
1.16
Grade Unit
%
Contained Metal
19.8
Contained Unit
kt

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good copper grade in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Good copper grade in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.16”

Context: 1.71

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · goldTonnes: 1710000Grade: 0.19Grade Unit: g/tContained Metal: 10.2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6325e26bf8e067f51e57
Deposit or zone
Marshall Underground

Resource Data

Category
probable
Tonnes
1710000
Grade
0.19
Grade Unit
g/t
Contained Metal
10.2
Contained Unit
koz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.19”

Context: 1.71

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probableJervois Project · silverTonnes: 1710000Grade: 39.52Grade Unit: g/tContained Metal: 2.2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:6325e26bf8e067f51e57
Deposit or zone
Marshall Underground

Resource Data

Category
probable
Tonnes
1710000
Grade
39.52
Grade Unit
g/t
Contained Metal
2.2
Contained Unit
moz

Prior Estimate

Resource Date
2025-02-10

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2025-02-10T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Probable Reserve category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Probable Reserve category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“39.52”

Context: 1.71

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredJervois Project · copperTonnes: 2570000Grade: 1.95Grade Unit: %Contained Metal: 50Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:86fa56e753c997a4aace
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
measured
Tonnes
2570000
Grade
1.95
Grade Unit
%
Contained Metal
50
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade Measured copper resource, indicating strong confidence, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Measured category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.95”

Context: 2.57

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredJervois Project · silverTonnes: 2570000Grade: 4Grade Unit: mozContained Metal: 4Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:86fa56e753c997a4aace
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
measured
Tonnes
2570000
Grade
4
Grade Unit
moz
Contained Metal
4
Contained Unit
moz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good silver grade in the Measured category, but it is a restatement of a prior estimate.

Positive factors

  • Good silver grade in Measured category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“4.0”

Context: 2.57

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredJervois Project · goldTonnes: 2570000Grade: 0.43Grade Unit: g/tContained Metal: 35.4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:86fa56e753c997a4aace
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
measured
Tonnes
2570000
Grade
0.43
Grade Unit
g/t
Contained Metal
35.4
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This represents a gold credit in the Measured category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Measured category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.43”

Context: 2.57

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · copperTonnes: 1020000Grade: 1.39Grade Unit: %Contained Metal: 14.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0f8a0cc23c9d6dfeaf58
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1020000
Grade
1.39
Grade Unit
%
Contained Metal
14.3
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good copper grade in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Good copper grade in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.39”

Context: 1.02

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · silverTonnes: 1020000Grade: 1.2Grade Unit: mozContained Metal: 1.2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0f8a0cc23c9d6dfeaf58
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1020000
Grade
1.2
Grade Unit
moz
Contained Metal
1.2
Contained Unit
moz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.2”

Context: 1.02

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · goldTonnes: 1020000Grade: 0.23Grade Unit: g/tContained Metal: 7.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0f8a0cc23c9d6dfeaf58
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1020000
Grade
0.23
Grade Unit
g/t
Contained Metal
7.6
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.23”

Context: 1.02

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · copperTonnes: 610000Grade: 0.95Grade Unit: %Contained Metal: 5.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:cba0b7e3a7ca18fbfd56
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
610000
Grade
0.95
Grade Unit
%
Contained Metal
5.8
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a copper resource in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Copper resource in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.95”

Context: 0.61

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · silverTonnes: 610000Grade: 0.2Grade Unit: mozContained Metal: 0.2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:cba0b7e3a7ca18fbfd56
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
610000
Grade
0.2
Grade Unit
moz
Contained Metal
0.2
Contained Unit
moz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Silver credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.2”

Context: 0.61

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · goldTonnes: 610000Grade: 0.08Grade Unit: g/tContained Metal: 1.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:cba0b7e3a7ca18fbfd56
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
610000
Grade
0.08
Grade Unit
g/t
Contained Metal
1.5
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Gold credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.08”

Context: 0.61

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredJervois Project · copperTonnes: 1230000Grade: 2.53Grade Unit: %Contained Metal: 31.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c1b97f0ee92480930dff
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
measured
Tonnes
1230000
Grade
2.53
Grade Unit
%
Contained Metal
31.2
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade Measured copper resource, indicating strong confidence, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Measured category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“2.53”

Context: 1.23

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredJervois Project · silverTonnes: 1230000Grade: 0.6Grade Unit: mozContained Metal: 0.6Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c1b97f0ee92480930dff
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
measured
Tonnes
1230000
Grade
0.6
Grade Unit
moz
Contained Metal
0.6
Contained Unit
moz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Measured category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Measured category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.6”

Context: 1.23

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredJervois Project · goldTonnes: 1230000Grade: 0.14Grade Unit: g/tContained Metal: 5.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c1b97f0ee92480930dff
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
measured
Tonnes
1230000
Grade
0.14
Grade Unit
g/t
Contained Metal
5.6
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Measured category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Measured category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.14”

Context: 1.23

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · copperTonnes: 1260000Grade: 1.45Grade Unit: %Contained Metal: 18.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c2f20d56d9ea6136d426
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1260000
Grade
1.45
Grade Unit
%
Contained Metal
18.2
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good copper grade in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Good copper grade in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.45”

Context: 1.26

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · silverTonnes: 1260000Grade: 0.4Grade Unit: mozContained Metal: 0.4Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c2f20d56d9ea6136d426
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1260000
Grade
0.4
Grade Unit
moz
Contained Metal
0.4
Contained Unit
moz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.4”

Context: 1.26

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · goldTonnes: 1260000Grade: 0.17Grade Unit: g/tContained Metal: 6.8Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:c2f20d56d9ea6136d426
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
1260000
Grade
0.17
Grade Unit
g/t
Contained Metal
6.8
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.17”

Context: 1.26

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · copperTonnes: 1020000Grade: 1.24Grade Unit: %Contained Metal: 12.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:881c3b1bc99d8a57dbe7
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1020000
Grade
1.24
Grade Unit
%
Contained Metal
12.7
Contained Unit
kt
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a copper resource in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Copper resource in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“1.24”

Context: 1.02

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · silverTonnes: 1020000Grade: 0.3Grade Unit: mozContained Metal: 0.3Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:881c3b1bc99d8a57dbe7
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1020000
Grade
0.3
Grade Unit
moz
Contained Metal
0.3
Contained Unit
moz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Silver credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.3”

Context: 1.02

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · goldTonnes: 1020000Grade: 0.12Grade Unit: g/tContained Metal: 4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:881c3b1bc99d8a57dbe7
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1020000
Grade
0.12
Grade Unit
g/t
Contained Metal
4
Contained Unit
koz
Cutoff Grade
0.5
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Gold credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.12”

Context: 1.02

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · copperTonnes: 6220000Grade: 1.87Grade Unit: %Contained Metal: 116Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:36819456d18ce94d474f
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
6220000
Grade
1.87
Grade Unit
%
Contained Metal
116
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a good copper grade in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Good copper grade in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“1.87”

Context: 6.22

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · silverTonnes: 6220000Grade: 7.67Grade Unit: mozContained Metal: 7.67Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:36819456d18ce94d474f
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
6220000
Grade
7.67
Grade Unit
moz
Contained Metal
7.67
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“7.67”

Context: 6.22

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · goldTonnes: 6220000Grade: 0.38Grade Unit: g/tContained Metal: 75.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:36819456d18ce94d474f
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
6220000
Grade
0.38
Grade Unit
g/t
Contained Metal
75.5
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.38”

Context: 6.22

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · copperTonnes: 4710000Grade: 1.35Grade Unit: %Contained Metal: 63.6Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:de798033eda1bb70a076
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
4710000
Grade
1.35
Grade Unit
%
Contained Metal
63.6
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a copper resource in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Copper resource in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“1.35”

Context: 4.71

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · silverTonnes: 4710000Grade: 2.82Grade Unit: mozContained Metal: 2.82Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:de798033eda1bb70a076
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
4710000
Grade
2.82
Grade Unit
moz
Contained Metal
2.82
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Silver credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“2.82”

Context: 4.71

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · goldTonnes: 4710000Grade: 0.17Grade Unit: g/tContained Metal: 25.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:de798033eda1bb70a076
Deposit or zone
Reward
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
4710000
Grade
0.17
Grade Unit
g/t
Contained Metal
25.5
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Gold credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.17”

Context: 4.71

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · copperTonnes: 350000Grade: 2.26Grade Unit: %Contained Metal: 8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0a8d262941024683ee9b
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
350000
Grade
2.26
Grade Unit
%
Contained Metal
8
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade copper resource in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“2.26”

Context: 0.35

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · silverTonnes: 350000Grade: 0.22Grade Unit: mozContained Metal: 0.22Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0a8d262941024683ee9b
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
350000
Grade
0.22
Grade Unit
moz
Contained Metal
0.22
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.22”

Context: 0.35

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · goldTonnes: 350000Grade: 0.14Grade Unit: g/tContained Metal: 1.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:0a8d262941024683ee9b
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
350000
Grade
0.14
Grade Unit
g/t
Contained Metal
1.6
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.14”

Context: 0.35

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · copperTonnes: 3200000Grade: 1.95Grade Unit: %Contained Metal: 62.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3dbf709f270b8e106bfe
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3200000
Grade
1.95
Grade Unit
%
Contained Metal
62.4
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a copper resource in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Copper resource in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“1.95”

Context: 3.20

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · silverTonnes: 3200000Grade: 1.24Grade Unit: mozContained Metal: 1.24Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3dbf709f270b8e106bfe
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3200000
Grade
1.24
Grade Unit
moz
Contained Metal
1.24
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Silver credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“1.24”

Context: 3.20

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · goldTonnes: 3200000Grade: 0.1Grade Unit: g/tContained Metal: 10.4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:3dbf709f270b8e106bfe
Deposit or zone
Bellbird
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3200000
Grade
0.1
Grade Unit
g/t
Contained Metal
10.4
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Gold credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.10”

Context: 3.20

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · copperTonnes: 3940000Grade: 2.81Grade Unit: %Contained Metal: 110.9Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:f50bef9fa9bfce9c8ae3
Deposit or zone
Rockface
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
3940000
Grade
2.81
Grade Unit
%
Contained Metal
110.9
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a high-grade copper resource in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • High-grade copper in Indicated category
  • Significant contained metal

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“2.81”

Context: 3.94

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · silverTonnes: 3940000Grade: 3.1Grade Unit: mozContained Metal: 3.1Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:f50bef9fa9bfce9c8ae3
Deposit or zone
Rockface
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
3940000
Grade
3.1
Grade Unit
moz
Contained Metal
3.1
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Silver credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“3.10”

Context: 3.94

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedJervois Project · goldTonnes: 3940000Grade: 0.26Grade Unit: g/tContained Metal: 32.71Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:f50bef9fa9bfce9c8ae3
Deposit or zone
Rockface
Mining method
combined
Resource basis
gross

Resource Data

Category
indicated
Tonnes
3940000
Grade
0.26
Grade Unit
g/t
Contained Metal
32.71
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Indicated category, but it is a restatement of a prior estimate.

Positive factors

  • Gold credit in Indicated category

Negative factors

  • Estimate is historical, reducing novelty

Evidence · table

“0.26”

Context: 3.94

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · copperTonnes: 1320000Grade: 1.55Grade Unit: %Contained Metal: 20.42Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
copper
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:f52d2d1b833a87f0c562
Deposit or zone
Rockface
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1320000
Grade
1.55
Grade Unit
%
Contained Metal
20.42
Contained Unit
kt
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a copper resource in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Copper resource in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“1.55”

Context: 1.32

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · silverTonnes: 1320000Grade: 0.58Grade Unit: mozContained Metal: 0.58Contained Unit: mozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
silver
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:f52d2d1b833a87f0c562
Deposit or zone
Rockface
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1320000
Grade
0.58
Grade Unit
moz
Contained Metal
0.58
Contained Unit
moz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a silver credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Silver credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.58”

Context: 1.32

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredJervois Project · goldTonnes: 1320000Grade: 0.19Grade Unit: g/tContained Metal: 8.02Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Jervois Project
Commodity
gold
Region
australia_nt
Reported Region
Northern Territory
Ticker
KGL

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:f52d2d1b833a87f0c562
Deposit or zone
Rockface
Mining method
combined
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1320000
Grade
0.19
Grade Unit
g/t
Contained Metal
8.02
Contained Unit
koz
Cutoff Grade
0.8
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2024-11-25

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2024-11-25T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This is a gold credit in the Inferred category, which has lower confidence, and is a restatement of a prior estimate.

Positive factors

  • Gold credit in Inferred category

Negative factors

  • Lower confidence Inferred category
  • Estimate is historical, reducing novelty

Evidence · table

“0.19”

Context: 1.32

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

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

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.