LGM: 2026 Annual Report
Original announcement by asx on
- Company
- Legacy Minerals Holdings Limited
- Ticker
- LGM
- Exchange
- ASX
- Region
- New South Wales
- Primary commodity
- Gold
- Secondary commodities
- Silver, Copper, Zinc, Lead, Nickel, Cobalt, Tungsten, Pge
- Document categories
- Drill results, Resource update, Other, Metallurgy
- Extracted
- 2026-09-24 06:13:27 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Legacy Minerals Holdings Limited's annual report for 2026 highlights significant advancements at its flagship Mt Carrington Project, including a post-year-end Mineral Resource Estimate update showing a 39% increase in tonnes and a 69% increase in Indicated Resources. A positive Scoping Study for Mt Carrington outlined robust economics with a pre-tax NPV7 of A$514 million and an IRR of 38%. The company also reported new greenfields gold discoveries at the Mascotte Prospect and successful capital raises, despite a challenging market environment and several joint venture partner withdrawals.
Reasoning: Legacy Minerals reported substantial progress on its flagship Mt Carrington project, including a significant resource upgrade, positive scoping study, and new gold discovery, alongside successful capital raises. However, the company faced a challenging funding environment and several JV partner withdrawals, and the Scoping Study is preliminary.
Positive factors
- Significant increase in Mt Carrington Mineral Resource Estimate (MRE) post year-end, with a 39% increase in tonnes and 69% increase in Indicated Resources.
- Positive Scoping Study results for Mt Carrington, indicating compelling economic outcomes with a pre-tax NPV7 of A$514 million and IRR of 38%.
- New greenfields gold discovery at Mascotte Prospect with significant gold and silver intercepts.
- Successful capital raises, including $6.5 million from listed option exercises, strengthening the cash position.
- Commodity prices for gold and silver remained robust, providing a tailwind for the company's assets.
- Advancement of the Mt Carrington project through metallurgical studies and an Optimised Scoping Study incorporating the updated MRE.
Negative factors
- Challenging market environment due to the Iran War, global energy shocks, and rising interest rates, impacting junior miners' funding.
- Withdrawal of several joint venture partners (Rio Tinto, Helix Resources, Newmont, S2 Resources) from various projects.
- Scoping Study is preliminary with a wide accuracy range (-30% to +45%) and includes Inferred Mineral Resources, which carry a lower level of geological confidence.
- No explicit QA/QC disclosure for drill results in the document, which lowers confidence in assay protocols.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 66
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document details an updated Mineral Resource Estimate for the Mt Carrington Project, increasing total resources and Indicated category confidence.
Evidence · text
“Post year-end, on 30 July 2026, the Company announced an updated MRE prepared by WSP Australia Pty Limited (WSP) which increased the total Resource to 47.9Mt containing 1.6Moz AuEq”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The updated Mt Carrington MRE shows Indicated Resources increased by 69%, indicating a significant upgrade in resource confidence.
Evidence · text
“Indicated Resources increased by 69%.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The updated Mt Carrington MRE shows tonnes increased 39% relative to the 2025 MRE.
Evidence · text
“Relative to the 2025 MRE, tonnes increased 39%”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The updated Mt Carrington MRE shows contained silver increased 44%, contained copper 105%, and contained gold 9%.
Evidence · text
“contained silver 44%, contained copper 105% and contained gold 9%”
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 Mt Carrington MREs were prepared by external independent consultants Mining Plus Pty Ltd and WSP Australia Pty Limited, implying QP/CP sign-off.
Evidence · text
“All estimates were prepared in accordance with the JORC Code (2012 Edition) and estimated by external independent consultants Mining Plus Pty Ltd.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mt Carrington MREs were prepared in accordance with the JORC Code (2012 Edition).
Evidence · text
“All estimates were prepared in accordance with the JORC Code (2012 Edition)”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The updated Mt Carrington MRE included a maiden estimate for the Gladstone deposit.
Evidence · text
“and a maiden estimate for the Gladstone deposit.”
New Discoverypositive · Story-specific tag
No canonical definition is currently available.
Why it applies: Drilling at Mascotte Prospect confirmed a new greenfields gold discovery outside the existing Mineral Resource.
Evidence · text
“Assay results from the first hole, MSDD001, reported in March 2026, confirmed a new greenfields gold discovery outside the existing Mineral Resource”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The Mascotte trend remains open along strike to the northeast and southwest, and at depth, with Phase 2 drilling targeting structural and geochemical extensions.
Evidence · text
“The results confirm a coherent gold-silver epithermal mineralised system over the 1.3km Mascotte trend that remains open along strike to the northeast and southwest, and at depth.”
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The document does not explicitly disclose QA/QC procedures for the reported drill results.
Evidence · text
“The information in the Directors’ Report that references previously reported exploration results is extracted from Legacy Minerals Holdings Limited’s ASX Announcements.”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The Nico Young nickel-cobalt resource is explicitly referred to as a 'historical Mineral Resource' reported in July 2025.
Evidence · text
“In July 2025, the Company reported the historical Mineral Resource in accordance with the JORC Code (2012 Edition) at 167.8Mt at 0.59% Ni and 0.06% Co”
Pilot Scale Completepositive · Story-specific tag
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: The Scoping Study is based on metallurgical test work and a Metallurgical Bridging Study, indicating a level of test work beyond bench scale, though not explicitly 'pilot plant'.
Evidence · text
“Ausenco Pty Ltd (Ausenco), a global leader in engineering, consulting and project delivery, was engaged in September 2025 to complete a Metallurgical Bridging Study to inform the potential processing pathways for the full Mineral Resourcexvi.”
Free Millingpositive · Story-specific tag
Simple, clean ore amenable to standard processing without oxidation.
Why it applies: The Scoping Study adopted a cyanide-free flotation flowsheet, indicating the ore is amenable to processing without cyanide.
Evidence · text
“The Study adopted a cyanide-free flotation flowsheet”
Mill Routeneutral · Story-specific tag
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The Scoping Study outlines a 1Mtpa concentrator comprising conventional unit operations including SAG and ball mill grinding and flotation.
Evidence · text
“The 1Mtpa concentrator comprised conventional, low-risk unit operations: primary crushing, SAG and ball mill grinding, a rougher-scavenger flotation circuit”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document mentions an Optimised Scoping Study incorporating the July 2026 MRE, indicating a revised estimate for an existing resource.
Evidence · text
“Post year-end, following the updated July 2026 MRE, the Company commenced an Optimised Scoping Study to assess these opportunities”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 66. Some facts used in scoring do not have a stored record.
Drill Results (39)
BCDD004Battery Prospect · copperGrade: 0.13Grade Unit: %Intercept: 95 mView all detailsHide details
Identity
- Hole ID
- BCDD004
- Project
- Battery Prospect
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.13
- Grade Unit
- %
- Intercept
- 95 m
- From
- 114 m
- To
- 209 m
- Intercept Depth
- 114 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BCDD004:114-209
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This wide, low-grade copper intercept from initial exploration drilling is positive for identifying a large system, but the grade is low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Wide zone of anomalous copper mineralisation (95m) indicates a large system.
- First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets.
Negative factors
- Low copper grade (0.13% Cu) is below typical economic thresholds for porphyry deposits.
- No cut-off grade applied, which can inflate reported interval length.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“95m at 0.13% Cu (no cut-off) from 114m (BCDD004)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BCDD004Battery Prospect · copperGrade: 0.15Grade Unit: %Intercept: 52 mView all detailsHide details
Identity
- Hole ID
- BCDD004
- Project
- Battery Prospect
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.15
- Grade Unit
- %
- Intercept
- 52 m
- From
- 142 m
- To
- 194 m
- Intercept Depth
- 142 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BCDD004:142-194
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This wide, low-grade copper intercept from initial exploration drilling is positive for identifying a large system, but the grade is low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Wide zone of anomalous copper mineralisation (52m) indicates a large system.
- First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets.
Negative factors
- Low copper grade (0.15% Cu) is below typical economic thresholds for porphyry deposits.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“52m at 0.15% Cu from 142m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BCDD004Battery Prospect · copperGrade: 0.15Grade Unit: %Intercept: 17 mView all detailsHide details
Identity
- Hole ID
- BCDD004
- Project
- Battery Prospect
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.15
- Grade Unit
- %
- Intercept
- 17 m
- From
- 114 m
- To
- 131 m
- Intercept Depth
- 114 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BCDD004:114-131
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This moderate width, low-grade copper intercept from initial exploration drilling is positive for identifying a large system, but the grade is low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Moderate width of anomalous copper mineralisation (17m) indicates a large system.
- First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets.
Negative factors
- Low copper grade (0.15% Cu) is below typical economic thresholds for porphyry deposits.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“17m at 0.15% Cu from 114m (BCDD004)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BCDD002Battery Prospect · copperGrade: 0.2Grade Unit: %Intercept: 8 mView all detailsHide details
Identity
- Hole ID
- BCDD002
- Project
- Battery Prospect
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.2
- Grade Unit
- %
- Intercept
- 8 m
- From
- 106 m
- To
- 114 m
- Intercept Depth
- 106 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BCDD002:106-114
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This low-grade copper intercept from initial exploration drilling is positive for confirming mineralisation, but the grade is low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Intercept confirms copper mineralisation at the prospect.
- First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets.
Negative factors
- Low copper grade (0.2% Cu) is below typical economic thresholds for porphyry deposits.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“8m at 0.2% Cu from 106m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BCDD002Battery Prospect · copperGrade: 0.12Grade Unit: %Intercept: 16 mView all detailsHide details
Identity
- Hole ID
- BCDD002
- Project
- Battery Prospect
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.12
- Grade Unit
- %
- Intercept
- 16 m
- From
- 254 m
- To
- 270 m
- Intercept Depth
- 254 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BCDD002:254-270
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This low-grade copper intercept from initial exploration drilling is positive for confirming mineralisation, but the grade is low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Intercept confirms copper mineralisation at the prospect.
- First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets.
Negative factors
- Low copper grade (0.12% Cu) is below typical economic thresholds for porphyry deposits.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“16m at 0.12% Cu from 254m (BCDD002)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BCDD001Battery Prospect · goldGrade: 0.12Grade Unit: g/tIntercept: 18 mView all detailsHide details
Identity
- Hole ID
- BCDD001
- Project
- Battery Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.12
- Grade Unit
- g/t
- Intercept
- 18 m
- From
- 70 m
- To
- 88 m
- Intercept Depth
- 70 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BCDD001:70-88
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This very low-grade gold intercept from initial exploration drilling is positive for confirming mineralisation, but the grade is very low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Intercept confirms gold mineralisation at the prospect.
- First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets.
Negative factors
- Very low gold grade (0.12 g/t Au) is well below economic thresholds.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“18m at 0.12g/t Au from 70m (BCDD001)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BCDD001Battery Prospect · goldGrade: 0.16Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- BCDD001
- Project
- Battery Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.16
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 77 m
- To
- 88 m
- Intercept Depth
- 77 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- BCDD001:77-88
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This very low-grade gold intercept from initial exploration drilling is positive for confirming mineralisation, but the grade is very low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Intercept confirms gold mineralisation at the prospect.
- First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets.
Negative factors
- Very low gold grade (0.16 g/t Au) is well below economic thresholds.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“11m at 0.16g/t Au from 77m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
KYDD001Battery Prospect · copperGrade: 5.8Grade Unit: %Intercept: 18.9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- KYDD001
- Project
- Battery Prospect
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 5.8
- Grade Unit
- %
- Intercept
- 18.9 m
- From
- 58 m
- To
- 76.9 m
- Intercept Depth
- 58 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- KYDD001:58-76.9
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An excellent historical copper intercept, demonstrating high-grade potential at the Battery Prospect, but it is not new data.
Positive factors
- Very high copper grade (5.8% Cu) over a significant width (18.9m) indicates strong mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“18.9m at 5.8% Cu from 58m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
KYDD001Battery Prospect · copperGrade: 7.26Grade Unit: %Intercept: 10.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- KYDD001
- Project
- Battery Prospect
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 7.26
- Grade Unit
- %
- Intercept
- 10.1 m
- From
- 88 m
- To
- 98.1 m
- Intercept Depth
- 88 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- KYDD001:88-98.1
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An excellent historical copper intercept, demonstrating high-grade potential at the Battery Prospect, but it is not new data.
Positive factors
- Very high copper grade (7.26% Cu) over a significant width (10.1m) indicates strong mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“10.1m at 7.26% Cu from 88m (KYDD001)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
MSDD001Mascotte Prospect · goldGrade: 1Grade Unit: g/tIntercept: 40 mView all detailsHide details
Identity
- Hole ID
- MSDD001
- Project
- Mascotte Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 1
- Grade Unit
- g/t
- Intercept
- 40 m
- From
- 151 m
- To
- 191 m
- Intercept Depth
- 151 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MSDD001:151-191
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a highly positive new gold discovery with good width and grade, indicating significant exploration potential for the Mascotte Prospect.
Positive factors
- Significant width (40m) and good gold grade (1.0 g/t Au) for a new discovery.
- Confirms a new greenfields gold discovery outside the existing Mineral Resource, indicating high novelty.
- Elevated silver also present, suggesting polymetallic potential.
Negative factors
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“40m at 1.0g/t Au from 151m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD001Mascotte Prospect · goldGrade: 2.7Grade Unit: g/tIntercept: 9 mView all detailsHide details
Identity
- Hole ID
- MSDD001
- Project
- Mascotte Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 2.7
- Grade Unit
- g/t
- Intercept
- 9 m
- From
- 180 m
- To
- 189 m
- Intercept Depth
- 180 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MSDD001:180-189
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This high-grade sub-interval within a new gold discovery is very positive, indicating strong mineralization within the Mascotte Prospect.
Positive factors
- High gold grade (2.7 g/t Au) over a good width (9m) within a new discovery.
- Confirms a new greenfields gold discovery outside the existing Mineral Resource, indicating high novelty.
Negative factors
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“9m at 2.7g/t Au from 180m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD001Mascotte Prospect · goldGrade: 5.6Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- MSDD001
- Project
- Mascotte Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 5.6
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 157 m
- To
- 158 m
- Intercept Depth
- 157 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MSDD001:157-158
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This high-grade but narrow gold intercept within a new discovery is positive for confirming strong mineralization, but its limited width reduces its overall impact.
Positive factors
- High gold grade (5.6 g/t Au) within a new discovery.
- Confirms a new greenfields gold discovery outside the existing Mineral Resource, indicating high novelty.
Negative factors
- Narrow width (1m) limits overall materiality.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“1m at 5.6g/t Au from 157m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD002Mascotte Prospect · goldGrade: 0.3Grade Unit: g/tIntercept: 57 mView all detailsHide details
Identity
- Hole ID
- MSDD002
- Project
- Mascotte Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.3
- Grade Unit
- g/t
- Intercept
- 57 m
- From
- 81 m
- To
- 138 m
- Intercept Depth
- 81 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MSDD002:81-138
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This very wide, low-grade gold intercept is positive for confirming the continuity of the new discovery, but the grade is low and lack of QA/QC disclosure reduces confidence.
Positive factors
- Very wide intercept (57m) confirms continuity of the new gold discovery.
- Supports the presence of a coherent gold-silver epithermal mineralised system.
Negative factors
- Low gold grade (0.3 g/t Au) is below typical economic thresholds.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“57m at 0.3g/t Au from 81m (uncut)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD002Mascotte Prospect · goldGrade: 1.3Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- MSDD002
- Project
- Mascotte Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 1.3
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 129 m
- To
- 137 m
- Intercept Depth
- 129 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MSDD002:129-137
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This good-grade sub-interval confirms stronger mineralization within the broader new gold discovery at Mascotte.
Positive factors
- Good gold grade (1.3 g/t Au) over a moderate width (8m) within the new discovery.
- Supports the presence of a coherent gold-silver epithermal mineralised system.
Negative factors
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“8m at 1.3g/t Au from 129m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD002Mascotte Prospect · goldGrade: 8.1Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- MSDD002
- Project
- Mascotte Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 8.1
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 131 m
- To
- 132 m
- Intercept Depth
- 131 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MSDD002:131-132
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This high-grade but narrow gold intercept confirms strong mineralization within the new discovery, but its limited width reduces its overall impact.
Positive factors
- High gold grade (8.1 g/t Au) within the new discovery.
- Supports the presence of a coherent gold-silver epithermal mineralised system.
Negative factors
- Narrow width (1m) limits overall materiality.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“1m at 8.1g/t Au from 131m (MSDD002)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD007Mascotte Prospect · goldGrade: 9.7Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- MSDD007
- Project
- Mascotte Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 9.7
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 167 m
- To
- 168 m
- Intercept Depth
- 167 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- MSDD007:167-168
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This high-grade but narrow gold intercept confirms strong mineralization within the new discovery, but its limited width reduces its overall impact.
Positive factors
- High gold grade (9.7 g/t Au) confirms strong mineralization within the new discovery.
- Supports the presence of a coherent gold-silver epithermal mineralised system.
Negative factors
- Narrow width (1m) limits overall materiality.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“1m at 9.7g/t Au from 167m (MSDD007)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD003Mascotte Prospect · leadGrade: 18.7Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MSDD003
- Project
- Mascotte Prospect
- Commodity
- lead
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 18.7
- Grade Unit
- %
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This very high-grade but narrow lead intercept is positive for confirming high-grade base metal potential and polymetallic nature at Mascotte.
Positive factors
- Very high lead grade (18.7% Pb) confirms potential for high-grade base metal mineralisation.
- Supports the polymetallic nature of the Mascotte trend.
Negative factors
- Narrow width (1m) limits overall materiality.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“1m at 18.7% Pb”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD003Mascotte Prospect · zincGrade: 8.7Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MSDD003
- Project
- Mascotte Prospect
- Commodity
- zinc
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 8.7
- Grade Unit
- %
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This high-grade but narrow zinc intercept is positive for confirming high-grade base metal potential and polymetallic nature at Mascotte.
Positive factors
- High zinc grade (8.7% Zn) confirms potential for high-grade base metal mineralisation.
- Supports the polymetallic nature of the Mascotte trend.
Negative factors
- Narrow width (1m) limits overall materiality.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“8.7% Zn”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MSDD003Mascotte Prospect · silverGrade: 43Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- MSDD003
- Project
- Mascotte Prospect
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 43
- Grade Unit
- g/t
- Intercept
- 1 m
Classification
- Program
- exploration
- Sample Type
- drill
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This good-grade but narrow silver intercept is positive for confirming silver potential and polymetallic nature at Mascotte.
Positive factors
- Good silver grade (43 g/t Ag) confirms potential for silver mineralisation.
- Supports the polymetallic nature of the Mascotte trend.
Negative factors
- Narrow width (1m) limits overall materiality.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“43g/t Ag (MSDD003)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PDMS005AMascotte Prospect · silverGrade: 237Grade Unit: g/tIntercept: 18.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PDMS005A
- Project
- Mascotte Prospect
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 237
- Grade Unit
- g/t
- Intercept
- 18.3 m
- From
- 3 m
- To
- 21.3 m
- Intercept Depth
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PDMS005A:3-21.3
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An excellent historical silver intercept, demonstrating high-grade potential at the Mascotte Prospect, but it is not new data and was not assayed for gold.
Positive factors
- Very high silver grade (237 g/t Ag) over a significant width (18.3m) indicates strong historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result from 1969-1970, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“18.3m at 237g/t Ag from 3m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
PDMS005AMascotte Prospect · silverGrade: 394Grade Unit: g/tIntercept: 9.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PDMS005A
- Project
- Mascotte Prospect
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 394
- Grade Unit
- g/t
- Intercept
- 9.1 m
Classification
- Program
- exploration
- Sample Type
- drill
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An exceptional historical silver intercept, demonstrating very high-grade potential at the Mascotte Prospect, but it is not new data and was not assayed for gold.
Positive factors
- Exceptional silver grade (394 g/t Ag) over a good width (9.1m) indicates very strong historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result from 1969-1970, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“including 9.1m at 394g/t Ag (PDMS005A)v.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
PWR128White Rock Prospect · silverGrade: 422Grade Unit: g/tIntercept: 37.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PWR128
- Project
- White Rock Prospect
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 422
- Grade Unit
- g/t
- Intercept
- 37.1 m
- From
- 0 m
- To
- 37.1 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PWR128:0-37.1
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An exceptional historical silver intercept, demonstrating very high-grade potential at the White Rock Prospect, but it is not new data.
Positive factors
- Exceptional silver grade (422 g/t Ag) over a significant width (37.1m) from surface, indicating strong historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“37.1m at 422g/t Ag”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
PWR128White Rock Prospect · goldGrade: 0.2Grade Unit: g/tIntercept: 37.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PWR128
- Project
- White Rock Prospect
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.2
- Grade Unit
- g/t
- Intercept
- 37.1 m
- From
- 0 m
- To
- 37.1 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PWR128:0-37.1
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A very low-grade historical gold intercept, confirming presence of gold but not indicating economic grades, and it is not new data.
Positive factors
- Intercept confirms gold mineralisation over a significant width (37.1m) from surface.
- Historical result provides context for the prospect's potential.
Negative factors
- Very low gold grade (0.2 g/t Au) is well below economic thresholds.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“0.2g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
PWR128White Rock Prospect · zincGrade: 1.5Grade Unit: %Intercept: 37.1 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PWR128
- Project
- White Rock Prospect
- Commodity
- zinc
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 1.5
- Grade Unit
- %
- Intercept
- 37.1 m
- From
- 0 m
- To
- 37.1 m
- Intercept Depth
- 0 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PWR128:0-37.1
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A good historical combined lead-zinc intercept, indicating polymetallic potential at the White Rock Prospect, but it is not new data.
Positive factors
- Good combined lead-zinc grade (1.5% Pb+Zn) over a significant width (37.1m) from surface, indicating polymetallic potential.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“1.5% Pb+Zn from 0m (PWR128)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
PWR121White Rock Prospect · silverGrade: 3050Grade Unit: g/tIntercept: 1.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PWR121
- Project
- White Rock Prospect
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- new england fold belt
- Ticker
- LGM
Geometry
- Grade
- 3050
- Grade Unit
- g/t
- Intercept
- 1.5 m
- From
- 23 m
- To
- 24.5 m
- Intercept Depth
- 23 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PWR121:23-24.5
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An exceptional historical silver intercept, demonstrating bonanza-grade potential at the White Rock Prospect, but it is narrow and not new data.
Positive factors
- Bonanza silver grade (3,050 g/t Ag) indicates extremely high-grade historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- Narrow width (1.5m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“1.5m at 3,050g/t Ag from 23m (PWR121)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CBDD004Thomson · tungstenGrade: 0.2Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CBDD004
- Project
- Thomson
- Commodity
- tungsten
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LGM
Geometry
- Grade
- 0.2
- Grade Unit
- %
- Intercept
- 6 m
- From
- 310 m
- To
- 316 m
- Intercept Depth
- 310 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CBDD004:310-316
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A good historical tungsten intercept, indicating polymetallic potential at the Thomson Project, but it is not new data.
Positive factors
- Good tungsten grade (0.20% W) over a moderate width (6m) indicates potential for intrusion-related systems.
- Historical result provides context for the project's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“6m at 0.20% W from 310m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CBDD004Thomson · tungstenGrade: 0.48Grade Unit: %Intercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CBDD004
- Project
- Thomson
- Commodity
- tungsten
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LGM
Geometry
- Grade
- 0.48
- Grade Unit
- %
- Intercept
- 2 m
- From
- 314 m
- To
- 316 m
- Intercept Depth
- 314 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CBDD004:314-316
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high-grade but narrow historical tungsten intercept, indicating strong mineralization within the broader intercept at the Thomson Project, but it is not new data.
Positive factors
- High tungsten grade (0.48% W) over a narrow width (2m) indicates strong mineralization within the broader intercept.
- Historical result provides context for the project's potential.
Negative factors
- Narrow width (2m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“including 2m at 0.48% W from 314m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CBDD004Thomson · silverGrade: 12.1Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CBDD004
- Project
- Thomson
- Commodity
- silver
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LGM
Geometry
- Grade
- 12.1
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 380 m
- To
- 384 m
- Intercept Depth
- 380 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CBDD004:380-384
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A good historical silver intercept, indicating polymetallic potential at the Thomson Project, but it is not new data.
Positive factors
- Good silver grade (12.10 g/t Ag) over a narrow width (4m) indicates polymetallic potential.
- Historical result provides context for the project's potential.
Negative factors
- Narrow width (4m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“4m at 12.10g/t Ag”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CBDD004Thomson · tungstenGrade: 0.23Grade Unit: %Intercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CBDD004
- Project
- Thomson
- Commodity
- tungsten
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LGM
Geometry
- Grade
- 0.23
- Grade Unit
- %
- Intercept
- 4 m
- From
- 380 m
- To
- 384 m
- Intercept Depth
- 380 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CBDD004:380-384
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A good historical tungsten intercept, indicating polymetallic potential at the Thomson Project, but it is not new data.
Positive factors
- Good tungsten grade (0.23% W) over a narrow width (4m) indicates polymetallic potential.
- Historical result provides context for the project's potential.
Negative factors
- Narrow width (4m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“and 0.23% W from 380m.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
CutAD001Thomson · goldGrade: 0.1Grade Unit: g/tIntercept: 377 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- CutAD001
- Project
- Thomson
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- australia_nsw
- Ticker
- LGM
Geometry
- Grade
- 0.1
- Grade Unit
- g/t
- Intercept
- 377 m
- From
- 225 m
- To
- 602 m
- Intercept Depth
- 225 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- CutAD001:225-602
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A very broad but very low-grade historical gold intercept, indicating a large system but not economic grades, and it is not new data.
Positive factors
- Very broad intercept (377m) indicates a large gold system.
- Historical result provides context for the project's potential.
Negative factors
- Very low gold grade (0.1 g/t Au) is well below economic thresholds.
- No cut-off grade applied, which can inflate reported interval length.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“377m at 0.1g/t Au (no cut-off) from 225m (CutAD001)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
SVRP6Mt Terrible · goldGrade: 33.3Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- SVRP6
- Project
- Mt Terrible
- Commodity
- gold
- Region
- new england orogen
- Reported Region
- new england orogen
- Ticker
- LGM
Geometry
- Grade
- 33.3
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 102 m
- To
- 104 m
- Intercept Depth
- 102 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SVRP6:102-104
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An exceptional historical gold intercept, demonstrating bonanza-grade potential at the Silicon Valley Prospect, but it is narrow and not new data.
Positive factors
- Bonanza gold grade (33.3 g/t Au) indicates extremely high-grade historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- Narrow width (2m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“2m at 33.3g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
SVRP6Mt Terrible · silverGrade: 68Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- SVRP6
- Project
- Mt Terrible
- Commodity
- silver
- Region
- new england orogen
- Reported Region
- new england orogen
- Ticker
- LGM
Geometry
- Grade
- 68
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 102 m
- To
- 104 m
- Intercept Depth
- 102 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- SVRP6:102-104
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A good historical silver intercept, indicating polymetallic potential at the Silicon Valley Prospect, but it is narrow and not new data.
Positive factors
- Good silver grade (68 g/t Ag) indicates polymetallic potential.
- Historical result provides context for the prospect's potential.
Negative factors
- Narrow width (2m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“and 68g/t Ag from 102m (SVRP6)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
RHDDH12Mt Terrible · goldGrade: 4.1Grade Unit: g/tIntercept: 14 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- RHDDH12
- Project
- Mt Terrible
- Commodity
- gold
- Region
- new england orogen
- Reported Region
- new england orogen
- Ticker
- LGM
Geometry
- Grade
- 4.1
- Grade Unit
- g/t
- Intercept
- 14 m
- From
- 190 m
- To
- 204 m
- Intercept Depth
- 190 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RHDDH12:190-204
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A strong historical gold intercept, demonstrating high-grade potential at the Hillside Prospect, but it is not new data.
Positive factors
- High gold grade (4.1 g/t Au) over a good width (14m) indicates strong historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“14m at 4.1g/t Au from 190m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
RHDDH12Mt Terrible · goldGrade: 160Grade Unit: g/tIntercept: 0.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- RHDDH12
- Project
- Mt Terrible
- Commodity
- gold
- Region
- new england orogen
- Reported Region
- new england orogen
- Ticker
- LGM
Geometry
- Grade
- 160
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 191.1 m
- To
- 191.4 m
- Intercept Depth
- 191.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RHDDH12:191.1-191.4
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An exceptional historical gold intercept, demonstrating bonanza-grade potential at the Hillside Prospect, but it is very narrow and not new data.
Positive factors
- Bonanza gold grade (160 g/t Au) indicates extremely high-grade historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- Very narrow width (0.3m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“including 0.3m at 160g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
RHDDH12Mt Terrible · silverGrade: 258Grade Unit: g/tIntercept: 0.3 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- RHDDH12
- Project
- Mt Terrible
- Commodity
- silver
- Region
- new england orogen
- Reported Region
- new england orogen
- Ticker
- LGM
Geometry
- Grade
- 258
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 191.1 m
- To
- 191.4 m
- Intercept Depth
- 191.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RHDDH12:191.1-191.4
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An exceptional historical silver intercept, demonstrating bonanza-grade potential at the Hillside Prospect, but it is very narrow and not new data.
Positive factors
- Bonanza silver grade (258 g/t Ag) indicates extremely high-grade historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- Very narrow width (0.3m) limits overall materiality.
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“and 258g/t Ag from 191.1m (RHDDH12)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
EFO9DFontenoy · pgeGrade: 0.3Grade Unit: g/tIntercept: 120 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- EFO9D
- Project
- Fontenoy
- Commodity
- pge
- Region
- lachlan fold belt
- Reported Region
- lachlan fold belt
- Ticker
- LGM
Geometry
- Grade
- 0.3
- Grade Unit
- g/t
- Intercept
- 120 m
- From
- 298 m
- To
- 418 m
- Intercept Depth
- 298 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- EFO9D:298-418
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A significant historical PGE intercept with good width and grade, indicating strong potential at the Fontenoy Project, but it is not new data.
Positive factors
- Wide intercept (120m) with good PGE grade (0.30 g/t 3E PGE) indicates significant historical mineralisation.
- Historical result provides context for the project's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“120m at 0.30g/t 3E PGE from 298m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
EFO9DFontenoy · pgeGrade: 1.2Grade Unit: g/tIntercept: 10 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- EFO9D
- Project
- Fontenoy
- Commodity
- pge
- Region
- lachlan fold belt
- Reported Region
- lachlan fold belt
- Ticker
- LGM
Geometry
- Grade
- 1.2
- Grade Unit
- g/t
- Intercept
- 10 m
Classification
- Program
- exploration
- Sample Type
- drill
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high-grade historical PGE intercept, indicating strong mineralization within the broader intercept at the Fontenoy Project, but it is not new data.
Positive factors
- High PGE grade (1.2 g/t 3E PGE) over a good width (10m) indicates strong mineralization within the broader intercept.
- Historical result provides context for the project's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“including 10m at 1.2g/t 3E PGE (EFO9D).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 38McMahons Reef Prospect · goldGrade: 21.7Grade Unit: g/tIntercept: 3.6 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- McMahons Reef Prospect
- Commodity
- gold
- Region
- australia
- Reported Region
- australia
- Ticker
- LGM
Geometry
- Grade
- 21.7
- Grade Unit
- g/t
- Intercept
- 3.6 m
- From
- 115 m
- To
- 118.6 m
- Intercept Depth
- 115 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- McMahons_Reef_Prospect:115-118.6
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A strong historical gold intercept, demonstrating high-grade potential at the McMahons Reef Prospect, but it is not new data.
Positive factors
- High gold grade (21.7 g/t Au) over a good width (3.6m) indicates strong historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“3.6m at 21.7g/t Au from 115m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 39McMahons Reef Prospect · goldGrade: 4.7Grade Unit: g/tIntercept: 5.8 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- McMahons Reef Prospect
- Commodity
- gold
- Region
- australia
- Reported Region
- australia
- Ticker
- LGM
Geometry
- Grade
- 4.7
- Grade Unit
- g/t
- Intercept
- 5.8 m
- From
- 104 m
- To
- 109.8 m
- Intercept Depth
- 104 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- McMahons_Reef_Prospect:104-109.8
Deleterious
- Deleterious Flag
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A strong historical gold intercept, demonstrating high-grade potential at the McMahons Reef Prospect, but it is not new data.
Positive factors
- High gold grade (4.7 g/t Au) over a good width (5.8m) indicates strong historical mineralisation.
- Historical result provides context for the prospect's potential.
Negative factors
- This is a historical result, not new information.
- No QA/QC disclosure in the document, lowering confidence in assay reliability.
Evidence · text
“5.8m at 4.7g/t Au from 104m.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Resource Estimates (22)
inferredMt Carrington · goldTonnes: 34400000Contained Metal: 1.2Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mining Plus Pty Ltd
- Resource group id
- resource:c7b7a5bce0dc4aa67432
Resource Data
- Category
- inferred
- Tonnes
- 34400000
- Contained Metal
- 1.2
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-03-13
Metal Equivalent
- Metal Eq. Grade
- 1.2
- Metal Eq. Unit
- AuEq
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a previously reported resource estimate that has since been updated, making its novelty low, but it established a significant baseline for the project.
Positive factors
- Significant contained metal (1.2 Moz AuEq) for an early-stage project.
- Estimate prepared in accordance with JORC Code (2012 Edition) by independent consultants, indicating good reporting standards.
Negative factors
- This is a historical estimate, superseded by a more recent update.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
Evidence · text
“At 30 June 2026, the Mt Carrington Mineral Resource Estimate (MRE) announced on 13 March 2025 stood at 34.4Mt containing 1.2Moz AuEqi.”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · goldContained Metal: 653000Contained Unit: koz auHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mining Plus Pty Ltd
- Resource group id
- resource:ace81c154fd9e842a4c8
Resource Data
- Category
- inferred
- Contained Metal
- 653000
- Contained Unit
- koz au
Prior Estimate
- Resource Date
- 2025-03-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a previously reported contained gold figure from a superseded resource estimate, providing context for the project's potential.
Positive factors
- Significant contained gold (653 koz Au) for an early-stage project.
- Estimate prepared in accordance with JORC Code (2012 Edition) by independent consultants, indicating good reporting standards.
Negative factors
- This is a historical estimate, superseded by a more recent update.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
Evidence · text
“Gold and silver are the dominant contained metals in the Resource (653koz Au, 24.3Moz Ag)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · silverContained Metal: 24.3Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mining Plus Pty Ltd
- Resource group id
- resource:ace81c154fd9e842a4c8
Resource Data
- Category
- inferred
- Contained Metal
- 24.3
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-03-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a previously reported contained silver figure from a superseded resource estimate, providing context for the project's potential.
Positive factors
- Significant contained silver (24.3 Moz Ag) for an early-stage project.
- Estimate prepared in accordance with JORC Code (2012 Edition) by independent consultants, indicating good reporting standards.
Negative factors
- This is a historical estimate, superseded by a more recent update.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
Evidence · text
“Gold and silver are the dominant contained metals in the Resource (653koz Au, 24.3Moz Ag)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · zincContained Metal: 147000Contained Unit: kt znHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- zinc
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mining Plus Pty Ltd
- Resource group id
- resource:ace81c154fd9e842a4c8
Resource Data
- Category
- inferred
- Contained Metal
- 147000
- Contained Unit
- kt zn
Prior Estimate
- Resource Date
- 2025-03-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a previously reported contained zinc figure from a superseded resource estimate, indicating polymetallic potential.
Positive factors
- Notable contained zinc (147 kt Zn) as a secondary commodity.
- Estimate prepared in accordance with JORC Code (2012 Edition) by independent consultants, indicating good reporting standards.
Negative factors
- This is a historical estimate, superseded by a more recent update.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
Evidence · text
“with significant zinc content (147kt Zn)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · copperContained Metal: 20000Contained Unit: kt cuHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mining Plus Pty Ltd
- Resource group id
- resource:ace81c154fd9e842a4c8
Resource Data
- Category
- inferred
- Contained Metal
- 20000
- Contained Unit
- kt cu
Prior Estimate
- Resource Date
- 2025-03-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a previously reported contained copper figure from a superseded resource estimate, indicating polymetallic potential.
Positive factors
- Contained copper (20 kt Cu) as a secondary commodity.
- Estimate prepared in accordance with JORC Code (2012 Edition) by independent consultants, indicating good reporting standards.
Negative factors
- This is a historical estimate, superseded by a more recent update.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
Evidence · text
“and lesser amounts of copper (20kt Cu)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · leadContained Metal: 33000Contained Unit: kt pbHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- lead
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mining Plus Pty Ltd
- Resource group id
- resource:ace81c154fd9e842a4c8
Resource Data
- Category
- inferred
- Contained Metal
- 33000
- Contained Unit
- kt pb
Prior Estimate
- Resource Date
- 2025-03-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-03-13T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a previously reported contained lead figure from a superseded resource estimate, indicating polymetallic potential.
Positive factors
- Contained lead (33 kt Pb) as a secondary commodity.
- Estimate prepared in accordance with JORC Code (2012 Edition) by independent consultants, indicating good reporting standards.
Negative factors
- This is a historical estimate, superseded by a more recent update.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
Evidence · text
“and lead (33kt Pb).”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Carrington · goldTonnes: 19300000Contained Metal: 1.6Contained Unit: mozView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:93bef4422888402d361d
Resource Data
- Category
- indicated
- Tonnes
- 19300000
- Contained Metal
- 1.6
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2026-07-30
- Prior Tonnes
- 34400000
- Prior Contained Metal
- 1200000
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- g/t AuEq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained metal and a significant upgrade in resource confidence, particularly in the Indicated category, which is highly positive for the project's development.
Positive factors
- Significant increase in contained metal (1.6 Moz AuEq) compared to prior estimate.
- Substantial portion (19.3 Mt) now in the Indicated category, representing increased geological confidence.
- Indicated Resources increased by 69%, indicating successful de-risking and resource conversion.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
- Includes a high-grade component (493koz AuEq at 3.1g/t AuEq), enhancing economic potential.
Evidence · text
“The updated open-pit MRE totals 47.9Mt at 1.0g/t AuEq for 1.6Moz AuEq, containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn, comprising 19.3Mt Indicated (40%) and 28.6Mt Inferred (60%).”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 19300000 against 34400000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1.6 against 1200000 previously
indicatedMt Carrington · goldContained Metal: 714000Contained Unit: koz auView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:c68a33a21ba1537e2871
Resource Data
- Category
- indicated
- Contained Metal
- 714000
- Contained Unit
- koz au
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained gold and a significant upgrade in resource confidence, which is highly positive for the project's development.
Positive factors
- Significant contained gold (714 koz Au) in the updated MRE.
- Substantial portion now in the Indicated category, representing increased geological confidence.
- Indicated Resources increased by 69%, indicating successful de-risking and resource conversion.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Carrington · silverContained Metal: 35Contained Unit: mozView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:c68a33a21ba1537e2871
Resource Data
- Category
- indicated
- Contained Metal
- 35
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained silver and a significant upgrade in resource confidence, which is highly positive for the project's development.
Positive factors
- Significant contained silver (35 Moz Ag) in the updated MRE, representing a 44% increase.
- Substantial portion now in the Indicated category, representing increased geological confidence.
- Indicated Resources increased by 69%, indicating successful de-risking and resource conversion.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Carrington · copperContained Metal: 40000Contained Unit: kt cuView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:c68a33a21ba1537e2871
Resource Data
- Category
- indicated
- Contained Metal
- 40000
- Contained Unit
- kt cu
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained copper and a significant upgrade in resource confidence, which is highly positive for the project's development.
Positive factors
- Significant contained copper (40 kt Cu) in the updated MRE, representing a 105% increase.
- Substantial portion now in the Indicated category, representing increased geological confidence.
- Indicated Resources increased by 69%, indicating successful de-risking and resource conversion.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Carrington · leadContained Metal: 37000Contained Unit: kt pbView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- lead
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:c68a33a21ba1537e2871
Resource Data
- Category
- indicated
- Contained Metal
- 37000
- Contained Unit
- kt pb
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained lead and a significant upgrade in resource confidence, which is highly positive for the project's development.
Positive factors
- Significant contained lead (37 kt Pb) in the updated MRE.
- Substantial portion now in the Indicated category, representing increased geological confidence.
- Indicated Resources increased by 69%, indicating successful de-risking and resource conversion.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedMt Carrington · zincContained Metal: 164000Contained Unit: kt znView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- zinc
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:c68a33a21ba1537e2871
Resource Data
- Category
- indicated
- Contained Metal
- 164000
- Contained Unit
- kt zn
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained zinc and a significant upgrade in resource confidence, which is highly positive for the project's development.
Positive factors
- Significant contained zinc (164 kt Zn) in the updated MRE.
- Substantial portion now in the Indicated category, representing increased geological confidence.
- Indicated Resources increased by 69%, indicating successful de-risking and resource conversion.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · goldTonnes: 28600000Contained Metal: 1.6Contained Unit: mozView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:34e3c04e9addcf7ec6cf
Resource Data
- Category
- inferred
- Tonnes
- 28600000
- Contained Metal
- 1.6
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2026-07-30
- Prior Tonnes
- 34400000
- Prior Contained Metal
- 1200000
Metal Equivalent
- Metal Eq. Grade
- 1
- Metal Eq. Unit
- g/t AuEq
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained metal, but a large portion remains in the Inferred category, indicating further work is needed to upgrade confidence.
Positive factors
- Significant increase in contained metal (1.6 Moz AuEq) compared to prior estimate.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
- Includes a high-grade component (493koz AuEq at 3.1g/t AuEq), enhancing economic potential.
Negative factors
- A significant portion (28.6 Mt) remains in the Inferred category, which has lower geological confidence.
Evidence · text
“The updated open-pit MRE totals 47.9Mt at 1.0g/t AuEq for 1.6Moz AuEq, containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn, comprising 19.3Mt Indicated (40%) and 28.6Mt Inferred (60%).”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 28600000 against 34400000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1.6 against 1200000 previously
inferredMt Carrington · goldContained Metal: 714000Contained Unit: koz auView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:72d6e737cb06c3eeeb09
Resource Data
- Category
- inferred
- Contained Metal
- 714000
- Contained Unit
- koz au
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained gold, but a large portion remains in the Inferred category, indicating further work is needed to upgrade confidence.
Positive factors
- Significant contained gold (714 koz Au) in the updated MRE.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Negative factors
- A significant portion remains in the Inferred category, which has lower geological confidence.
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · silverContained Metal: 35Contained Unit: mozView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:72d6e737cb06c3eeeb09
Resource Data
- Category
- inferred
- Contained Metal
- 35
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained silver, but a large portion remains in the Inferred category, indicating further work is needed to upgrade confidence.
Positive factors
- Significant contained silver (35 Moz Ag) in the updated MRE, representing a 44% increase.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Negative factors
- A significant portion remains in the Inferred category, which has lower geological confidence.
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · copperContained Metal: 40000Contained Unit: kt cuView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- copper
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:72d6e737cb06c3eeeb09
Resource Data
- Category
- inferred
- Contained Metal
- 40000
- Contained Unit
- kt cu
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained copper, but a large portion remains in the Inferred category, indicating further work is needed to upgrade confidence.
Positive factors
- Significant contained copper (40 kt Cu) in the updated MRE, representing a 105% increase.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Negative factors
- A significant portion remains in the Inferred category, which has lower geological confidence.
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · leadContained Metal: 37000Contained Unit: kt pbView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- lead
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:72d6e737cb06c3eeeb09
Resource Data
- Category
- inferred
- Contained Metal
- 37000
- Contained Unit
- kt pb
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained lead, but a large portion remains in the Inferred category, indicating further work is needed to upgrade confidence.
Positive factors
- Significant contained lead (37 kt Pb) in the updated MRE.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Negative factors
- A significant portion remains in the Inferred category, which has lower geological confidence.
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredMt Carrington · zincContained Metal: 164000Contained Unit: kt znView all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- zinc
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- WSP Australia Pty Limited
- Resource group id
- resource:72d6e737cb06c3eeeb09
Resource Data
- Category
- inferred
- Contained Metal
- 164000
- Contained Unit
- kt zn
Prior Estimate
- Resource Date
- 2026-07-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The updated MRE shows a substantial increase in contained zinc, but a large portion remains in the Inferred category, indicating further work is needed to upgrade confidence.
Positive factors
- Significant contained zinc (164 kt Zn) in the updated MRE.
- Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code (2012 Edition).
Negative factors
- A significant portion remains in the Inferred category, which has lower geological confidence.
Evidence · text
“containing 714koz Au, 35Moz Ag, 40kt Cu, 37kt Pb and 164kt Zn”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredNico Young · nickelTonnes: 167800000Grade: 0.59Grade Unit: %Contained Metal: 1000000Contained Unit: mt niHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Nico Young
- Commodity
- nickel
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:fca978b99584c0c45ea3
Resource Data
- Category
- inferred
- Tonnes
- 167800000
- Grade
- 0.59
- Grade Unit
- %
- Contained Metal
- 1000000
- Contained Unit
- mt ni
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A large historical nickel resource, but its re-reporting and Inferred status limit its novelty and confidence as new information.
Positive factors
- Large tonnage and significant contained nickel (1 Mt Ni) for a historical estimate.
- Estimate reported in accordance with JORC Code (2012 Edition).
Negative factors
- This is a historical estimate, re-reported in July 2025, indicating low novelty.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
- No QP sign-off explicitly stated for this re-reported historical estimate.
Evidence · text
“In July 2025, the Company reported the historical Mineral Resource in accordance with the JORC Code (2012 Edition) at 167.8Mt at 0.59% Ni and 0.06% Co (0.6% NiEq cut-off), including a higher grade zone of 42.5Mt at 0.80% Ni and 0.09% Co (1.0% NiEq cut-off), representing contained metal of approximately 1Mt of nickel and 100kt of cobaltxxvi.”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredNico Young · cobaltTonnes: 167800000Grade: 0.06Grade Unit: %Contained Metal: 100000Contained Unit: kt coHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Nico Young
- Commodity
- cobalt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:fca978b99584c0c45ea3
Resource Data
- Category
- inferred
- Tonnes
- 167800000
- Grade
- 0.06
- Grade Unit
- %
- Contained Metal
- 100000
- Contained Unit
- kt co
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A large historical cobalt resource, but its re-reporting and Inferred status limit its novelty and confidence as new information.
Positive factors
- Significant contained cobalt (100 kt Co) as a byproduct in a large historical estimate.
- Estimate reported in accordance with JORC Code (2012 Edition).
Negative factors
- This is a historical estimate, re-reported in July 2025, indicating low novelty.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
- No QP sign-off explicitly stated for this re-reported historical estimate.
Evidence · text
“In July 2025, the Company reported the historical Mineral Resource in accordance with the JORC Code (2012 Edition) at 167.8Mt at 0.59% Ni and 0.06% Co (0.6% NiEq cut-off), including a higher grade zone of 42.5Mt at 0.80% Ni and 0.09% Co (1.0% NiEq cut-off), representing contained metal of approximately 1Mt of nickel and 100kt of cobaltxxvi.”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredNico Young · nickelTonnes: 42500000Grade: 0.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Nico Young
- Commodity
- nickel
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:44742b96d8f6bda329da
Resource Data
- Category
- inferred
- Tonnes
- 42500000
- Grade
- 0.8
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A higher-grade zone within the historical nickel resource, but its re-reporting and Inferred status limit its novelty and confidence as new information.
Positive factors
- Higher grade zone (0.80% Ni) within the historical resource, enhancing potential value.
- Estimate reported in accordance with JORC Code (2012 Edition).
Negative factors
- This is a historical estimate, re-reported in July 2025, indicating low novelty.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
- No QP sign-off explicitly stated for this re-reported historical estimate.
Evidence · text
“including a higher grade zone of 42.5Mt at 0.80% Ni and 0.09% Co (1.0% NiEq cut-off)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNico Young · cobaltTonnes: 42500000Grade: 0.09Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Nico Young
- Commodity
- cobalt
- Ticker
- LGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:44742b96d8f6bda329da
Resource Data
- Category
- inferred
- Tonnes
- 42500000
- Grade
- 0.09
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A higher-grade zone within the historical cobalt resource, but its re-reporting and Inferred status limit its novelty and confidence as new information.
Positive factors
- Higher grade zone (0.09% Co) within the historical resource, enhancing potential value.
- Estimate reported in accordance with JORC Code (2012 Edition).
Negative factors
- This is a historical estimate, re-reported in July 2025, indicating low novelty.
- The estimate is entirely Inferred, representing a lower level of geological confidence.
- No QP sign-off explicitly stated for this re-reported historical estimate.
Evidence · text
“including a higher grade zone of 42.5Mt at 0.80% Ni and 0.09% Co (1.0% NiEq cut-off)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (5)
flotationMt Carrington · goldRecovery: 80 %View all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Test Work
- Program Status
- scoping
- Test Type
- flotation
- Processing Route
- cyanide-free flotation
Recovery
- Recovery
- 80 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Ausenco
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The reported gold recovery from the Scoping Study is positive for the project's economics, especially with a cyanide-free process, but the study is still preliminary.
Positive factors
- Good gold recovery (80%) for a flotation flowsheet, supporting economic viability.
- Cyanide-free process is environmentally friendly and reduces operational risks.
- Scoping Study provides a pathway to unlock revenue from the deposits.
Negative factors
- Scoping Study level of accuracy (-30% to +45%) indicates preliminary nature.
- No specific laboratory named for the test work.
Evidence · text
“Life-of-mine average metallurgical recoveries of 80% for gold”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationMt Carrington · silverRecovery: 86 %View all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Test Work
- Program Status
- scoping
- Test Type
- flotation
- Processing Route
- cyanide-free flotation
Recovery
- Recovery
- 86 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Ausenco
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The reported silver recovery from the Scoping Study is highly positive for the project's economics, especially with a cyanide-free process, but the study is still preliminary.
Positive factors
- Strong silver recovery (86%) for a flotation flowsheet, significantly enhancing project economics.
- Cyanide-free process is environmentally friendly and reduces operational risks.
- Scoping Study provides a pathway to unlock revenue from the deposits.
Negative factors
- Scoping Study level of accuracy (-30% to +45%) indicates preliminary nature.
- No specific laboratory named for the test work.
Evidence · text
“and 86% for silver”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationMt Carrington · goldRecovery: 85 %View all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- gold
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Test Work
- Program Status
- scoping
- Test Type
- flotation
- Processing Route
- cyanide-free flotation
- Sample
- Strauss deposit
Recovery
- Recovery
- 85 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Ausenco
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The strong gold recovery from the Strauss deposit is a positive indicator for its economic viability within the overall project, though the study is preliminary.
Positive factors
- Strong gold recovery (85%) from the Strauss deposit, indicating good metallurgical performance for this specific ore type.
- Cyanide-free process is environmentally friendly and reduces operational risks.
Negative factors
- Scoping Study level of accuracy (-30% to +45%) indicates preliminary nature.
- No specific laboratory named for the test work.
Evidence · text
“with the strongest response from Strauss (85% Au, 82% Ag)”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationMt Carrington · silverRecovery: 82 %View all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Test Work
- Program Status
- scoping
- Test Type
- flotation
- Processing Route
- cyanide-free flotation
- Sample
- Strauss deposit
Recovery
- Recovery
- 82 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Ausenco
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The strong silver recovery from the Strauss deposit is a positive indicator for its economic viability within the overall project, though the study is preliminary.
Positive factors
- Strong silver recovery (82%) from the Strauss deposit, indicating good metallurgical performance for this specific ore type.
- Cyanide-free process is environmentally friendly and reduces operational risks.
Negative factors
- Scoping Study level of accuracy (-30% to +45%) indicates preliminary nature.
- No specific laboratory named for the test work.
Evidence · text
“with the strongest response from Strauss (85% Au, 82% Ag)”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
flotationMt Carrington · silverRecovery: 88 %View all detailsHide details
Identity
- Project
- Mt Carrington
- Commodity
- silver
- Region
- new england fold belt
- Reported Region
- New England Fold Belt
- Ticker
- LGM
Test Work
- Program Status
- scoping
- Test Type
- flotation
- Processing Route
- cyanide-free flotation
- Sample
- Lady Hampden, Silver King and Red Rock deposits
Recovery
- Recovery
- 88 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Ausenco
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The exceptional silver recovery from these deposits is a highly positive indicator for their economic viability within the overall project, though the study is preliminary.
Positive factors
- Exceptional silver recovery (88%) from multiple deposits, indicating very good metallurgical performance for silver-dominant ores.
- Cyanide-free process is environmentally friendly and reduces operational risks.
Negative factors
- Scoping Study level of accuracy (-30% to +45%) indicates preliminary nature.
- No specific laboratory named for the test work.
Evidence · text
“and from Lady Hampden, Silver King and Red Rock for silver-dominant recovery (88% Ag).”
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the flotation signal
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.