LM8: Investor Presentation - Australian Gold Conference 2026
Original announcement by asx on
- Company
- Lunnon Metals Limited
- Ticker
- LM8
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Nickel
- Document categories
- Other, Resource update
- Extracted
- 2026-10-14 22:25:05 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lunnon Metals presented an overview of its gold and nickel assets at the Australian Gold Conference 2026. The company highlighted successful Lady Herial gold production generating $39m in pre-tax free cash flow and its strategic nickel resource at Baker.
Reasoning: Investor presentation summarizing existing gold and nickel assets and recent production performance at the Australian Gold Conference 2026.
Positive factors
- Strong cash position of ~$43m
- Successful production at Lady Herial with $39m pre-tax FCF
- Strategic proximity to major shareholder's gold operations
- Nickel resource scale of 95kt metal at 3.0% Ni
Negative factors
- Presentation is a summary for a conference, not a new technical disclosure
- Reliance on historical production and existing resource figures
Facts used in scoring: 17
Classification and evidence
Resource Updateneutral · Story-specific tag
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The presentation summarizes existing mineral resources for gold and nickel.
Evidence · text
“Lunnon Metals MRE is reported in accordance with the JORC Code”
Extracted facts
Stored fact records: 17. Some facts used in scoring do not have a stored record.
Resource Estimates (17)
indicatedgoldTonnes: 16800000Grade: 2.72Grade Unit: g/tContained Metal: 1.467Contained Unit: mozView all detailsHide details
Identity
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:e009e13b91bc9f41f96d
- Deposit or zone
- St Ives
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 16800000
- Grade
- 2.72
- Grade Unit
- g/t
- Contained Metal
- 1.467
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Part of the existing St Ives Mineral Resource reported by Gold Fields Ltd.
Evidence · text
“16.8Mt @ 2.72 g/t Au (1.467 Moz)”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredgoldTonnes: 14500000Grade: 4.07Grade Unit: g/tContained Metal: 1.897Contained Unit: mozView all detailsHide details
Identity
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:8a299995d894c72404ce
- Deposit or zone
- St Ives
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 14500000
- Grade
- 4.07
- Grade Unit
- g/t
- Contained Metal
- 1.897
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Part of the existing St Ives Inferred Mineral Resource reported by Gold Fields Ltd.
Evidence · text
“14.5Mt @ 4.07 g/t Au (1.897 Moz)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatednickelTonnes: 622000Grade: 3.7Grade Unit: %View all detailsHide details
Identity
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:0b9230ba2e66db4ed060
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 622000
- Grade
- 3.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Existing nickel resource at Baker project.
Evidence · text
“622,000t @ 3.7% Ni”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measurednickelTonnes: 110000Grade: 3.4Grade Unit: %View all detailsHide details
Identity
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:81f93c9b596fe6342681
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 110000
- Grade
- 3.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Existing nickel resource at Baker project.
Evidence · text
“110,000t @ 3.4% Ni”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferrednickelTonnes: 298000Grade: 2.4Grade Unit: %View all detailsHide details
Identity
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:5b81de6b552d53d6aeb5
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 298000
- Grade
- 2.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Existing nickel resource at Baker project.
Evidence · text
“298,000t @ 2.4% Ni”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedarsenicTonnes: 622000Grade: 81Grade Unit: ppmView all detailsHide details
Identity
- Commodity
- arsenic
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:0b9230ba2e66db4ed060
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 622000
- Grade
- 81
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“622,000t @ 81 ppm arsenic”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredarsenicTonnes: 110000Grade: 9Grade Unit: ppmView all detailsHide details
Identity
- Commodity
- arsenic
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:81f93c9b596fe6342681
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 110000
- Grade
- 9
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“110,000t @ 9 ppm arsenic”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredarsenicTonnes: 298000Grade: 8Grade Unit: ppmView all detailsHide details
Identity
- Commodity
- arsenic
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:5b81de6b552d53d6aeb5
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 298000
- Grade
- 8
- Grade Unit
- ppm
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“298,000t @ 8 ppm arsenic”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedcopperTonnes: 622000Grade: 0.31Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:0b9230ba2e66db4ed060
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 622000
- Grade
- 0.31
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“622,000t @ 0.31% copper”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredcopperTonnes: 298000Grade: 0.15Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:5b81de6b552d53d6aeb5
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 298000
- Grade
- 0.15
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“298,000t @ 0.15% copper”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredcopperTonnes: 110000Grade: 0.28Grade Unit: %View all detailsHide details
Identity
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:81f93c9b596fe6342681
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 110000
- Grade
- 0.28
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“110,000t @ 0.28% copper”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredpalladiumTonnes: 110000Grade: 0.7Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- palladium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:81f93c9b596fe6342681
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 110000
- Grade
- 0.7
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“110,000t @ 0.7 g/t palladium”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredpalladiumTonnes: 298000Grade: 0.46Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- palladium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:5b81de6b552d53d6aeb5
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 298000
- Grade
- 0.46
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“298,000t @ 0.46 g/t palladium”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedpalladiumTonnes: 622000Grade: 0.64Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- palladium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:0b9230ba2e66db4ed060
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 622000
- Grade
- 0.64
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“622,000t @ 0.64 g/t palladium”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedplatinumTonnes: 622000Grade: 0.27Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:0b9230ba2e66db4ed060
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- indicated
- Tonnes
- 622000
- Grade
- 0.27
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“622,000t @ 0.27 g/t platinum”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredplatinumTonnes: 298000Grade: 0.18Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:5b81de6b552d53d6aeb5
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- inferred
- Tonnes
- 298000
- Grade
- 0.18
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“298,000t @ 0.18 g/t platinum”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredplatinumTonnes: 110000Grade: 0.27Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LM8
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, sec_sk1300
- Resource group id
- resource:81f93c9b596fe6342681
- Deposit or zone
- Baker
- Mining method
- combined
Resource Data
- Category
- measured
- Tonnes
- 110000
- Grade
- 0.27
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-07
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Trace element reported in Baker resource.
Evidence · text
“110,000t @ 0.27 g/t platinum”
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.