LM1: Gold Confirmed in Historic Tailings at Marda Central

Original announcement by asx on

Company
Leeuwin Metals Ltd
Ticker
LM1
Exchange
ASX
Region
Western Australia
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update, Drill results
Extracted
2026-09-22 23:03:41 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Leeuwin Metals Ltd announced positive results from a maiden auger sampling program at its Marda Gold Project in Western Australia, confirming gold in historic tailings at Marda Central. Ten auger holes returned an average of 0.60 g/t Au from the top 1m of an estimated 12,000 m³ of tailings, highlighting a potential low-cost processing opportunity. The company plans further sampling and metallurgical test work to define the scale and grade of the tailings, while also providing an update on its existing JORC-compliant Marda Gold Project Mineral Resource Estimate.

Reasoning: Maiden auger sampling confirmed gold in historic tailings at Marda Central with good average grades, indicating a potential low-cost processing opportunity, though further work is needed to define scale and economics.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings
  • potential_low_cost_processing
  • good_infrastructure_proximity

Negative factors

  • limited_depth_tested
  • further_test_work_required
  • no_resource_estimated_for_tailings_yet

Facts used in scoring: 25

Classification and evidence

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: The release states that Leeuwin Metals Ltd uses certified reference material (CRMs), blanks and duplicates, and the laboratory applies its standard QA/QC protocols.

Evidence · text

“Leeuwin Metals Ltd uses certified reference material (CRMs), blanks and duplicates in line with industry best practice. The laboratory applies its standard QA/QC protocols including laboratory CRMs, blanks and duplicates to monitor performance.”

QP/CP Signedpositive

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

Why it applies: Mr Christopher Piggott, a Competent Person, is named as responsible for the Exploration Results in this announcement.

Evidence · text

“The information in this announcement that relates to Exploration Results is based on and fairly represents information compiled by Mr Christopher Piggott, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy and the Executive Chairman of the Company.”

JORC Compliantpositive

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

Why it applies: The Mineral Resource Estimate is reported under JORC Code 2012.

Evidence · text

“Marda Gold Project Mineral Resource Estimate (JORC Code 2012).”

Inferred Resourcenegative

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

Why it applies: A significant portion of the Marda Gold Project's Mineral Resource is classified as Inferred, which is a speculative category.

Evidence · text

“Inferred Resources of 8.3 Mt @ 1.03 g/t Au for 274,600 oz”

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The Mineral Resource Estimate is a restatement of a previously announced estimate from July 2026, not a new update.

Evidence · text

“The Mineral Resource Estimate for the Marda Gold Project referred to in this announcement and set out below was first reported in the Company’s ASX announcement dated 29 July 2026”

Cut-off Disclosedpositive

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

Why it applies: The cut-off grades for the Mineral Resource Estimate are clearly stated as 0.30 g/t Au for most areas and 1.5 g/t Au for Python underground.

Evidence · text

“reported above a 0.30 g/t Au cut-off, with all reported Mineral Resources located on granted Mining Leases”

No QP/CP Disclosurenegative

No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.

Why it applies: While the MRE is JORC compliant, this document does not explicitly name a QP/CP responsible for the MRE itself, only for exploration results and exploration targets.

Evidence · text

“The Company confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the Mineral Resource Estimate in the original announcement continue to apply and have not materially changed.”

Extracted facts

Stored fact records: 25. Some facts used in scoring do not have a stored record.

Drill Results (10)

MGAU00001Marda North · goldGrade: 0.663Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00001
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.663
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00001:0-1

Location

Easting
720445
Northing
6658701
Elevation
431.59 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.663”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00002Marda North · goldGrade: 0.542Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00002
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.542
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00002:0-1

Location

Easting
720464
Northing
6658699
Elevation
431.31 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.542”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00003Marda North · goldGrade: 0.488Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00003
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.488
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00003:0-1

Location

Easting
720442
Northing
6658678
Elevation
431.81 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.488”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00004Marda North · goldGrade: 0.905Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00004
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.905
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00004:0-1

Location

Easting
720460
Northing
6658671
Elevation
431.18 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a strong peak grade, indicating significant potential for low-cost processing.

Positive factors

  • gold_confirmed
  • strong_grade_for_tailings
  • peak_grade_reported

Negative factors

  • limited_depth_tested

Evidence · table

“0.905”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00005Marda North · goldGrade: 0.674Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00005
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.674
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00005:0-1

Location

Easting
720440
Northing
6658650
Elevation
431.68 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.674”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00006Marda North · goldGrade: 0.554Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00006
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.554
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00006:0-1

Location

Easting
720452
Northing
6658647
Elevation
431.44 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.554”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00007Marda North · goldGrade: 0.523Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00007
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.523
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00007:0-1

Location

Easting
720435
Northing
6658628
Elevation
431.67 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.523”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00008Marda North · goldGrade: 0.532Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00008
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.532
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00008:0-1

Location

Easting
720445
Northing
6658624
Elevation
431.62 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.532”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00009Marda North · goldGrade: 0.599Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00009
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.599
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00009:0-1

Location

Easting
720432
Northing
6658610
Elevation
431.06 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.599”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

MGAU00010Marda North · goldGrade: 0.483Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
MGAU00010
Project
Marda North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
LM1

Geometry

Grade
0.483
Grade Unit
g/t
Intercept
1 m
From
0 m
To
1 m
Hole Depth
1 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
MGAU00010:0-1

Location

Easting
720440
Northing
6658607
Elevation
430.74 m
Dip
-90 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Intertek
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Auger sampling confirmed gold in historic tailings with a good grade for this material type, indicating potential for low-cost processing.

Positive factors

  • gold_confirmed
  • good_grade_for_tailings

Negative factors

  • limited_depth_tested

Evidence · table

“0.483”

Context: 1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Resource Estimates (15)

indicatedMarda Gold Project · goldTonnes: 2469000Grade: 0.95Grade Unit: g/tContained Metal: 75400Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:08fe57313d397f5ee51a
Deposit or zone
Evanston

Resource Data

Category
indicated
Tonnes
2469000
Grade
0.95
Grade Unit
g/t
Contained Metal
75400
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Indicated resource for Evanston, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“0.95”

Context: 2,469,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 2878000Grade: 0.97Grade Unit: g/tContained Metal: 90100Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:c134822e3541734c94fc
Deposit or zone
Evanston

Resource Data

Category
inferred
Tonnes
2878000
Grade
0.97
Grade Unit
g/t
Contained Metal
90100
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Evanston, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“0.97”

Context: 2,878,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 2511000Grade: 0.94Grade Unit: g/tContained Metal: 76000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:fd6ed32e4ad7b739ea4a
Deposit or zone
Die Hardy

Resource Data

Category
inferred
Tonnes
2511000
Grade
0.94
Grade Unit
g/t
Contained Metal
76000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Die Hardy, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“0.94”

Context: 2,511,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 668000Grade: 0.79Grade Unit: g/tContained Metal: 17000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:ca8ac92593bc626c01ed
Deposit or zone
Red Legs

Resource Data

Category
inferred
Tonnes
668000
Grade
0.79
Grade Unit
g/t
Contained Metal
17000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Red Legs, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“0.79”

Context: 668,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 239000Grade: 1.1Grade Unit: g/tContained Metal: 8500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:5ce81d29f213344dc04a
Deposit or zone
Goldstream

Resource Data

Category
inferred
Tonnes
239000
Grade
1.1
Grade Unit
g/t
Contained Metal
8500
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Goldstream, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.10”

Context: 239,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedMarda Gold Project · goldTonnes: 323000Grade: 1.3Grade Unit: g/tContained Metal: 13500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:02b862a6ceda9e791de3
Deposit or zone
Python

Resource Data

Category
indicated
Tonnes
323000
Grade
1.3
Grade Unit
g/t
Contained Metal
13500
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Indicated resource for Python, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.30”

Context: 323,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 416000Grade: 1.26Grade Unit: g/tContained Metal: 16900Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:a4b9399ab93be894e5f7
Deposit or zone
Python

Resource Data

Category
inferred
Tonnes
416000
Grade
1.26
Grade Unit
g/t
Contained Metal
16900
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Python, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.26”

Context: 416,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedMarda Gold Project · goldTonnes: 7000Grade: 2.36Grade Unit: g/tContained Metal: 600Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:5f6d5c4bd9781b0d5b74
Deposit or zone
Python (below pit shell)

Resource Data

Category
indicated
Tonnes
7000
Grade
2.36
Grade Unit
g/t
Contained Metal
600
Contained Unit
oz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Indicated resource for Python (below pit shell), providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“2.36”

Context: 7,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 170000Grade: 1.89Grade Unit: g/tContained Metal: 10300Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:583311d3491d0e4046b8
Deposit or zone
Python (below pit shell)

Resource Data

Category
inferred
Tonnes
170000
Grade
1.89
Grade Unit
g/t
Contained Metal
10300
Contained Unit
oz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Python (below pit shell), providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.89”

Context: 170,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedMarda Gold Project · goldTonnes: 219000Grade: 1.5Grade Unit: g/tContained Metal: 10600Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:872a98de6452debaf75f
Deposit or zone
Dolly Pot

Resource Data

Category
indicated
Tonnes
219000
Grade
1.5
Grade Unit
g/t
Contained Metal
10600
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Indicated resource for Dolly Pot, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.50”

Context: 219,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 295000Grade: 1.43Grade Unit: g/tContained Metal: 13500Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:502aaef031ea0162fc7f
Deposit or zone
Dolly Pot

Resource Data

Category
inferred
Tonnes
295000
Grade
1.43
Grade Unit
g/t
Contained Metal
13500
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Dolly Pot, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.43”

Context: 295,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 505000Grade: 0.86Grade Unit: g/tContained Metal: 13900Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:756f72bfc3561478b006
Deposit or zone
Taipan

Resource Data

Category
inferred
Tonnes
505000
Grade
0.86
Grade Unit
g/t
Contained Metal
13900
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Taipan, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“0.86”

Context: 505,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedMarda Gold Project · goldTonnes: 97000Grade: 1.25Grade Unit: g/tContained Metal: 3900Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:290a08b92ec17479c7af
Deposit or zone
Dugite

Resource Data

Category
indicated
Tonnes
97000
Grade
1.25
Grade Unit
g/t
Contained Metal
3900
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Indicated resource for Dugite, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.25”

Context: 97,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 82000Grade: 1.04Grade Unit: g/tContained Metal: 2700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:7a10b14417bd408bcff5
Deposit or zone
Dugite

Resource Data

Category
inferred
Tonnes
82000
Grade
1.04
Grade Unit
g/t
Contained Metal
2700
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Dugite, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.04”

Context: 82,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

inferredMarda Gold Project · goldTonnes: 510000Grade: 1.56Grade Unit: g/tContained Metal: 25700Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Marda Gold Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
LM1

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
No
Resource group id
resource:ed31a5d6add62b68795c
Deposit or zone
Golden Orb

Resource Data

Category
inferred
Tonnes
510000
Grade
1.56
Grade Unit
g/t
Contained Metal
25700
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-07-29

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-07-29T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a restatement of a previously announced Inferred resource for Golden Orb, providing context for the project.

Positive factors

  • established_resource
  • jorc_compliant

Negative factors

  • restatement_of_prior_estimate
  • no_qp_signed_in_this_document

Evidence · table

“1.56”

Context: 510,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

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.