# LGM: 2026 Annual Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143430 Publisher: asx Original announcement: 2026-09-24T05:38:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T06:13:27.176Z Atlas analysis updated: 2026-09-24T06:13:27.176Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: 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 factor: Positive Scoping Study results for Mt Carrington, indicating compelling economic outcomes with a pre-tax NPV7 of A$514 million and IRR of 38%. - Positive factor: New greenfields gold discovery at Mascotte Prospect with significant gold and silver intercepts. - Positive factor: Successful capital raises, including $6.5 million from listed option exercises, strengthening the cash position. - Positive factor: Commodity prices for gold and silver remained robust, providing a tailwind for the company's assets. - Positive factor: Advancement of the Mt Carrington project through metallurgical studies and an Optimised Scoping Study incorporating the updated MRE. - Negative factor: Challenging market environment due to the Iran War, global energy shocks, and rising interest rates, impacting junior miners' funding. - Negative factor: Withdrawal of several joint venture partners \(Rio Tinto, Helix Resources, Newmont, S2 Resources\) from various projects. - Negative factor: 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. - Negative factor: 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 Update** Polarity: neutral Definition: 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 Upgrade** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The 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 Compliant** Polarity: positive Definition: 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 Resource** Polarity: neutral Definition: 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 Discovery** Polarity: positive Story-specific tag Definition: 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 Extension** Polarity: positive Definition: 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 Disclosure** Polarity: negative Definition: 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 Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The 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 Complete** Polarity: positive Story-specific tag Definition: 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 Milling** Polarity: positive Story-specific tag Definition: 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 Route** Polarity: neutral Story-specific tag Definition: 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 Update** Polarity: neutral Definition: 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 Tested** Polarity: positive Definition: 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) ### BCDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-22) Battery Prospect · copper #### 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 factor: Wide zone of anomalous copper mineralisation \(95m\) indicates a large system. - Positive factor: First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets. - Negative factor: Low copper grade \(0.13% Cu\) is below typical economic thresholds for porphyry deposits. - Negative factor: No cut-off grade applied, which can inflate reported interval length. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BCDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-23) Battery Prospect · copper #### 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 factor: Wide zone of anomalous copper mineralisation \(52m\) indicates a large system. - Positive factor: First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets. - Negative factor: Low copper grade \(0.15% Cu\) is below typical economic thresholds for porphyry deposits. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BCDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-24) Battery Prospect · copper #### 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 factor: Moderate width of anomalous copper mineralisation \(17m\) indicates a large system. - Positive factor: First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets. - Negative factor: Low copper grade \(0.15% Cu\) is below typical economic thresholds for porphyry deposits. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BCDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-25) Battery Prospect · copper #### 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 factor: Intercept confirms copper mineralisation at the prospect. - Positive factor: First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets. - Negative factor: Low copper grade \(0.2% Cu\) is below typical economic thresholds for porphyry deposits. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BCDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-26) Battery Prospect · copper #### 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 factor: Intercept confirms copper mineralisation at the prospect. - Positive factor: First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets. - Negative factor: Low copper grade \(0.12% Cu\) is below typical economic thresholds for porphyry deposits. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BCDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-27) Battery Prospect · gold #### 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 factor: Intercept confirms gold mineralisation at the prospect. - Positive factor: First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets. - Negative factor: Very low gold grade \(0.12 g/t Au\) is well below economic thresholds. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BCDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-28) Battery Prospect · gold #### 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 factor: Intercept confirms gold mineralisation at the prospect. - Positive factor: First regional drilling at Mt Carrington in 30 years, suggesting high novelty for new targets. - Negative factor: Very low gold grade \(0.16 g/t Au\) is well below economic thresholds. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### KYDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-29) Battery Prospect · copper Historical result Needs review: historical\_restatement #### 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 factor: Very high copper grade \(5.8% Cu\) over a significant width \(18.9m\) indicates strong mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### KYDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-30) Battery Prospect · copper Historical result Needs review: historical\_restatement #### 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 factor: Very high copper grade \(7.26% Cu\) over a significant width \(10.1m\) indicates strong mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MSDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-31) Mascotte Prospect · gold #### 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 factor: Significant width \(40m\) and good gold grade \(1.0 g/t Au\) for a new discovery. - Positive factor: Confirms a new greenfields gold discovery outside the existing Mineral Resource, indicating high novelty. - Positive factor: Elevated silver also present, suggesting polymetallic potential. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-32) Mascotte Prospect · gold #### 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 factor: High gold grade \(2.7 g/t Au\) over a good width \(9m\) within a new discovery. - Positive factor: Confirms a new greenfields gold discovery outside the existing Mineral Resource, indicating high novelty. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-33) Mascotte Prospect · gold #### 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 factor: High gold grade \(5.6 g/t Au\) within a new discovery. - Positive factor: Confirms a new greenfields gold discovery outside the existing Mineral Resource, indicating high novelty. - Negative factor: Narrow width \(1m\) limits overall materiality. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-34) Mascotte Prospect · gold #### 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 factor: Very wide intercept \(57m\) confirms continuity of the new gold discovery. - Positive factor: Supports the presence of a coherent gold-silver epithermal mineralised system. - Negative factor: Low gold grade \(0.3 g/t Au\) is below typical economic thresholds. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-35) Mascotte Prospect · gold #### 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 factor: Good gold grade \(1.3 g/t Au\) over a moderate width \(8m\) within the new discovery. - Positive factor: Supports the presence of a coherent gold-silver epithermal mineralised system. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-36) Mascotte Prospect · gold #### 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 factor: High gold grade \(8.1 g/t Au\) within the new discovery. - Positive factor: Supports the presence of a coherent gold-silver epithermal mineralised system. - Negative factor: Narrow width \(1m\) limits overall materiality. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD007 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-37) Mascotte Prospect · gold #### 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 factor: High gold grade \(9.7 g/t Au\) confirms strong mineralization within the new discovery. - Positive factor: Supports the presence of a coherent gold-silver epithermal mineralised system. - Negative factor: Narrow width \(1m\) limits overall materiality. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-38) Mascotte Prospect · lead #### 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 factor: Very high lead grade \(18.7% Pb\) confirms potential for high-grade base metal mineralisation. - Positive factor: Supports the polymetallic nature of the Mascotte trend. - Negative factor: Narrow width \(1m\) limits overall materiality. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-39) Mascotte Prospect · zinc #### 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 factor: High zinc grade \(8.7% Zn\) confirms potential for high-grade base metal mineralisation. - Positive factor: Supports the polymetallic nature of the Mascotte trend. - Negative factor: Narrow width \(1m\) limits overall materiality. - Negative factor: No QA/QC disclosure in the document, lowering confidence in assay reliability. Evidence · text > 8.7% Zn #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MSDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-40) Mascotte Prospect · silver #### 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 factor: Good silver grade \(43 g/t Ag\) confirms potential for silver mineralisation. - Positive factor: Supports the polymetallic nature of the Mascotte trend. - Negative factor: Narrow width \(1m\) limits overall materiality. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### PDMS005A [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-41) Mascotte Prospect · silver Historical result Needs review: historical\_restatement #### 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 factor: Very high silver grade \(237 g/t Ag\) over a significant width \(18.3m\) indicates strong historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result from 1969-1970, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PDMS005A [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-42) Mascotte Prospect · silver Historical result Needs review: historical\_restatement #### 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 factor: Exceptional silver grade \(394 g/t Ag\) over a good width \(9.1m\) indicates very strong historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result from 1969-1970, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PWR128 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-43) White Rock Prospect · silver Historical result Needs review: historical\_restatement #### 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 factor: Exceptional silver grade \(422 g/t Ag\) over a significant width \(37.1m\) from surface, indicating strong historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PWR128 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-44) White Rock Prospect · gold Historical result Needs review: historical\_restatement #### 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 factor: Intercept confirms gold mineralisation over a significant width \(37.1m\) from surface. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: Very low gold grade \(0.2 g/t Au\) is well below economic thresholds. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PWR128 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-45) White Rock Prospect · zinc Historical result Needs review: historical\_restatement #### 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 factor: Good combined lead-zinc grade \(1.5% Pb+Zn\) over a significant width \(37.1m\) from surface, indicating polymetallic potential. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PWR121 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-46) White Rock Prospect · silver Historical result Needs review: historical\_restatement #### 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 factor: Bonanza silver grade \(3,050 g/t Ag\) indicates extremely high-grade historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: Narrow width \(1.5m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CBDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-47) Thomson · tungsten Historical result Needs review: historical\_restatement #### 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 factor: Good tungsten grade \(0.20% W\) over a moderate width \(6m\) indicates potential for intrusion-related systems. - Positive factor: Historical result provides context for the project's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CBDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-48) Thomson · tungsten Historical result Needs review: historical\_restatement #### 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 factor: High tungsten grade \(0.48% W\) over a narrow width \(2m\) indicates strong mineralization within the broader intercept. - Positive factor: Historical result provides context for the project's potential. - Negative factor: Narrow width \(2m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CBDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-49) Thomson · silver Historical result Needs review: historical\_restatement #### 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 factor: Good silver grade \(12.10 g/t Ag\) over a narrow width \(4m\) indicates polymetallic potential. - Positive factor: Historical result provides context for the project's potential. - Negative factor: Narrow width \(4m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CBDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-50) Thomson · tungsten Historical result Needs review: historical\_restatement #### 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 factor: Good tungsten grade \(0.23% W\) over a narrow width \(4m\) indicates polymetallic potential. - Positive factor: Historical result provides context for the project's potential. - Negative factor: Narrow width \(4m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### CutAD001 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-51) Thomson · gold Historical result Needs review: historical\_restatement #### 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 factor: Very broad intercept \(377m\) indicates a large gold system. - Positive factor: Historical result provides context for the project's potential. - Negative factor: Very low gold grade \(0.1 g/t Au\) is well below economic thresholds. - Negative factor: No cut-off grade applied, which can inflate reported interval length. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### SVRP6 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-52) Mt Terrible · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza gold grade \(33.3 g/t Au\) indicates extremely high-grade historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: Narrow width \(2m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### SVRP6 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-53) Mt Terrible · silver Historical result Needs review: historical\_restatement #### 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 factor: Good silver grade \(68 g/t Ag\) indicates polymetallic potential. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: Narrow width \(2m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### RHDDH12 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-54) Mt Terrible · gold Historical result Needs review: historical\_restatement #### 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 factor: High gold grade \(4.1 g/t Au\) over a good width \(14m\) indicates strong historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### RHDDH12 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-55) Mt Terrible · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza gold grade \(160 g/t Au\) indicates extremely high-grade historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: Very narrow width \(0.3m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### RHDDH12 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-56) Mt Terrible · silver Historical result Needs review: historical\_restatement #### 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 factor: Bonanza silver grade \(258 g/t Ag\) indicates extremely high-grade historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: Very narrow width \(0.3m\) limits overall materiality. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### EFO9D [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-57) Fontenoy · pge Historical result Needs review: historical\_restatement #### 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 factor: Wide intercept \(120m\) with good PGE grade \(0.30 g/t 3E PGE\) indicates significant historical mineralisation. - Positive factor: Historical result provides context for the project's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### EFO9D [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-58) Fontenoy · pge Historical result Needs review: historical\_restatement #### 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 factor: High PGE grade \(1.2 g/t 3E PGE\) over a good width \(10m\) indicates strong mineralization within the broader intercept. - Positive factor: Historical result provides context for the project's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 38 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-59) McMahons Reef Prospect · gold Historical result Needs review: drill\_no\_hole\_id #### 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 factor: High gold grade \(21.7 g/t Au\) over a good width \(3.6m\) indicates strong historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 39 [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-drill-facts-60) McMahons Reef Prospect · gold Historical result Needs review: drill\_no\_hole\_id #### 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 factor: High gold grade \(4.7 g/t Au\) over a good width \(5.8m\) indicates strong historical mineralisation. - Positive factor: Historical result provides context for the prospect's potential. - Negative factor: This is a historical result, not new information. - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: 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) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-0) Mt Carrington · gold Historical result Needs review: historical\_restatement #### 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 factor: Significant contained metal \(1.2 Moz AuEq\) for an early-stage project. - Positive factor: Estimate prepared in accordance with JORC Code \(2012 Edition\) by independent consultants, indicating good reporting standards. - Negative factor: This is a historical estimate, superseded by a more recent update. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-1) Mt Carrington · gold Historical result Needs review: historical\_restatement #### 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 factor: Significant contained gold \(653 koz Au\) for an early-stage project. - Positive factor: Estimate prepared in accordance with JORC Code \(2012 Edition\) by independent consultants, indicating good reporting standards. - Negative factor: This is a historical estimate, superseded by a more recent update. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-2) Mt Carrington · silver Historical result Needs review: historical\_restatement #### 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 factor: Significant contained silver \(24.3 Moz Ag\) for an early-stage project. - Positive factor: Estimate prepared in accordance with JORC Code \(2012 Edition\) by independent consultants, indicating good reporting standards. - Negative factor: This is a historical estimate, superseded by a more recent update. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-3) Mt Carrington · zinc Historical result Needs review: historical\_restatement #### 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 factor: Notable contained zinc \(147 kt Zn\) as a secondary commodity. - Positive factor: Estimate prepared in accordance with JORC Code \(2012 Edition\) by independent consultants, indicating good reporting standards. - Negative factor: This is a historical estimate, superseded by a more recent update. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-4) Mt Carrington · copper Historical result Needs review: historical\_restatement #### 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 factor: Contained copper \(20 kt Cu\) as a secondary commodity. - Positive factor: Estimate prepared in accordance with JORC Code \(2012 Edition\) by independent consultants, indicating good reporting standards. - Negative factor: This is a historical estimate, superseded by a more recent update. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-5) Mt Carrington · lead Historical result Needs review: historical\_restatement #### 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 factor: Contained lead \(33 kt Pb\) as a secondary commodity. - Positive factor: Estimate prepared in accordance with JORC Code \(2012 Edition\) by independent consultants, indicating good reporting standards. - Negative factor: This is a historical estimate, superseded by a more recent update. - Negative factor: The estimate is entirely Inferred, representing a lower level of geological confidence. Evidence · text > and lead \(33kt Pb\). #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-6) Mt Carrington · gold #### 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 factor: Significant increase in contained metal \(1.6 Moz AuEq\) compared to prior estimate. - Positive factor: Substantial portion \(19.3 Mt\) now in the Indicated category, representing increased geological confidence. - Positive factor: Indicated Resources increased by 69%, indicating successful de-risking and resource conversion. - Positive factor: Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code \(2012 Edition\). - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1.6 against 1200000 previously ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-7) Mt Carrington · gold #### 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 factor: Significant contained gold \(714 koz Au\) in the updated MRE. - Positive factor: Substantial portion now in the Indicated category, representing increased geological confidence. - Positive factor: Indicated Resources increased by 69%, indicating successful de-risking and resource conversion. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-8) Mt Carrington · silver #### 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 factor: Significant contained silver \(35 Moz Ag\) in the updated MRE, representing a 44% increase. - Positive factor: Substantial portion now in the Indicated category, representing increased geological confidence. - Positive factor: Indicated Resources increased by 69%, indicating successful de-risking and resource conversion. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-9) Mt Carrington · copper #### 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 factor: Significant contained copper \(40 kt Cu\) in the updated MRE, representing a 105% increase. - Positive factor: Substantial portion now in the Indicated category, representing increased geological confidence. - Positive factor: Indicated Resources increased by 69%, indicating successful de-risking and resource conversion. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-10) Mt Carrington · lead #### 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 factor: Significant contained lead \(37 kt Pb\) in the updated MRE. - Positive factor: Substantial portion now in the Indicated category, representing increased geological confidence. - Positive factor: Indicated Resources increased by 69%, indicating successful de-risking and resource conversion. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-11) Mt Carrington · zinc #### 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 factor: Significant contained zinc \(164 kt Zn\) in the updated MRE. - Positive factor: Substantial portion now in the Indicated category, representing increased geological confidence. - Positive factor: Indicated Resources increased by 69%, indicating successful de-risking and resource conversion. - Positive factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-12) Mt Carrington · gold #### 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 factor: Significant increase in contained metal \(1.6 Moz AuEq\) compared to prior estimate. - Positive factor: Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code \(2012 Edition\). - Positive factor: Includes a high-grade component \(493koz AuEq at 3.1g/t AuEq\), enhancing economic potential. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **Tonnage Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1.6 against 1200000 previously ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-13) Mt Carrington · gold #### 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 factor: Significant contained gold \(714 koz Au\) in the updated MRE. - Positive factor: Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code \(2012 Edition\). - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-14) Mt Carrington · silver #### 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 factor: Significant contained silver \(35 Moz Ag\) in the updated MRE, representing a 44% increase. - Positive factor: Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code \(2012 Edition\). - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-15) Mt Carrington · copper #### 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 factor: Significant contained copper \(40 kt Cu\) in the updated MRE, representing a 105% increase. - Positive factor: Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code \(2012 Edition\). - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-16) Mt Carrington · lead #### 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 factor: Significant contained lead \(37 kt Pb\) in the updated MRE. - Positive factor: Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code \(2012 Edition\). - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-17) Mt Carrington · zinc #### 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 factor: Significant contained zinc \(164 kt Zn\) in the updated MRE. - Positive factor: Estimate prepared by WSP Australia Pty Limited, an independent consultant, and compliant with JORC Code \(2012 Edition\). - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-18) Nico Young · nickel Historical result Needs review: historical\_restatement #### 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 factor: Large tonnage and significant contained nickel \(1 Mt Ni\) for a historical estimate. - Positive factor: Estimate reported in accordance with JORC Code \(2012 Edition\). - Negative factor: This is a historical estimate, re-reported in July 2025, indicating low novelty. - Negative factor: The estimate is entirely Inferred, representing a lower level of geological confidence. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-19) Nico Young · cobalt Historical result Needs review: historical\_restatement #### 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 factor: Significant contained cobalt \(100 kt Co\) as a byproduct in a large historical estimate. - Positive factor: Estimate reported in accordance with JORC Code \(2012 Edition\). - Negative factor: This is a historical estimate, re-reported in July 2025, indicating low novelty. - Negative factor: The estimate is entirely Inferred, representing a lower level of geological confidence. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-20) Nico Young · nickel Historical result Needs review: historical\_restatement #### 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 factor: Higher grade zone \(0.80% Ni\) within the historical resource, enhancing potential value. - Positive factor: Estimate reported in accordance with JORC Code \(2012 Edition\). - Negative factor: This is a historical estimate, re-reported in July 2025, indicating low novelty. - Negative factor: The estimate is entirely Inferred, representing a lower level of geological confidence. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-resource-facts-21) Nico Young · cobalt Historical result Needs review: historical\_restatement #### 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 factor: Higher grade zone \(0.09% Co\) within the historical resource, enhancing potential value. - Positive factor: Estimate reported in accordance with JORC Code \(2012 Edition\). - Negative factor: This is a historical estimate, re-reported in July 2025, indicating low novelty. - Negative factor: The estimate is entirely Inferred, representing a lower level of geological confidence. - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## Metallurgical Results (5) ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-metallurgical-facts-61) Mt Carrington · gold #### 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 factor: Good gold recovery \(80%\) for a flotation flowsheet, supporting economic viability. - Positive factor: Cyanide-free process is environmentally friendly and reduces operational risks. - Positive factor: Scoping Study provides a pathway to unlock revenue from the deposits. - Negative factor: Scoping Study level of accuracy \(-30% to +45%\) indicates preliminary nature. - Negative factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-metallurgical-facts-62) Mt Carrington · silver #### 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 factor: Strong silver recovery \(86%\) for a flotation flowsheet, significantly enhancing project economics. - Positive factor: Cyanide-free process is environmentally friendly and reduces operational risks. - Positive factor: Scoping Study provides a pathway to unlock revenue from the deposits. - Negative factor: Scoping Study level of accuracy \(-30% to +45%\) indicates preliminary nature. - Negative factor: No specific laboratory named for the test work. Evidence · text > and 86% for silver #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-metallurgical-facts-63) Mt Carrington · gold #### 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 factor: Strong gold recovery \(85%\) from the Strauss deposit, indicating good metallurgical performance for this specific ore type. - Positive factor: Cyanide-free process is environmentally friendly and reduces operational risks. - Negative factor: Scoping Study level of accuracy \(-30% to +45%\) indicates preliminary nature. - Negative factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-metallurgical-facts-64) Mt Carrington · silver #### 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 factor: Strong silver recovery \(82%\) from the Strauss deposit, indicating good metallurgical performance for this specific ore type. - Positive factor: Cyanide-free process is environmentally friendly and reduces operational risks. - Negative factor: Scoping Study level of accuracy \(-30% to +45%\) indicates preliminary nature. - Negative factor: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal ### flotation [Link to this fact](https://atlas-staging.minestarters.com/news/lgm-2026-annual-report--dd96eeed-46eb-40f7-aa53-d0ccc79e850f#fact-metallurgical-facts-65) Mt Carrington · silver #### 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 factor: Exceptional silver recovery \(88%\) from multiple deposits, indicating very good metallurgical performance for silver-dominant ores. - Positive factor: Cyanide-free process is environmentally friendly and reduces operational risks. - Negative factor: Scoping Study level of accuracy \(-30% to +45%\) indicates preliminary nature. - Negative factor: 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 Route** Polarity: neutral Definition: 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.