# LM1: Gold Confirmed in Historic Tailings at Marda Central

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142599

Publisher: asx

Original announcement: 2026-09-22T22:59:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-22T23:03:40.988Z

Atlas analysis updated: 2026-09-22T23:03:40.988Z

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Positive factor: potential\_low\_cost\_processing

- Positive factor: good\_infrastructure\_proximity

- Negative factor: limited\_depth\_tested

- Negative factor: further\_test\_work\_required

- Negative factor: no\_resource\_estimated\_for\_tailings\_yet

Facts used in scoring: 25

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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: 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 Compliant**

Polarity: positive

Definition: 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 Resource**

Polarity: negative

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

Why it applies: A significant portion of the 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-release**

Polarity: negative

Definition: 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 Disclosed**

Polarity: positive

Definition: 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 Disclosure**

Polarity: negative

Definition: 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)

### MGAU00001

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-0)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.663

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00002

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-1)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.542

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00003

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-2)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.488

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00004

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-3)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: strong\_grade\_for\_tailings

- Positive factor: peak\_grade\_reported

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.905

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00005

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-4)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.674

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00006

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-5)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.554

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00007

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-6)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.523

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00008

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-7)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.532

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00009

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-8)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.599

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

### MGAU00010

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-drill-facts-9)

Marda North · gold

#### 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 factor: gold\_confirmed

- Positive factor: good\_grade\_for\_tailings

- Negative factor: limited\_depth\_tested

Evidence · table

> 0.483

Context: 1

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

Definition: 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 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

## Resource Estimates (15)

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-10)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 0.95

Context: 2,469,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-11)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 0.97

Context: 2,878,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-12)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 0.94

Context: 2,511,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-13)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 0.79

Context: 668,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-14)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.10

Context: 239,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-15)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.30

Context: 323,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-16)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.26

Context: 416,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-17)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 2.36

Context: 7,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-18)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.89

Context: 170,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-19)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.50

Context: 219,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-20)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.43

Context: 295,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-21)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 0.86

Context: 505,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-22)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.25

Context: 97,000

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-23)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.04

Context: 82,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**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/lm1-gold-confirmed-in-historic-tailings-at-marda-central--c079f82c-3b37-4053-ac67-1a2da25ef31b#fact-resource-facts-24)

Marda Gold Project · gold

Historical result

Needs review: historical\_restatement

#### 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 factor: established\_resource

- Positive factor: jorc\_compliant

- Negative factor: restatement\_of\_prior\_estimate

- Negative factor: no\_qp\_signed\_in\_this\_document

Evidence · table

> 1.56

Context: 510,000

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**JORC Compliant**

Polarity: positive

Definition: 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.