# LM8: Investor Presentation - Australian Gold Conference 2026 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152677 Publisher: asx Original announcement: 2026-10-14T21:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T22:25:04.695Z Atlas analysis updated: 2026-10-14T22:25:04.695Z - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Strong cash position of ~$43m - Positive factor: Successful production at Lady Herial with $39m pre-tax FCF - Positive factor: Strategic proximity to major shareholder's gold operations - Positive factor: Nickel resource scale of 95kt metal at 3.0% Ni - Negative factor: Presentation is a summary for a conference, not a new technical disclosure - Negative factor: Reliance on historical production and existing resource figures Facts used in scoring: 17 ## Classification and evidence **Resource Update** Polarity: neutral Story-specific tag Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-0) gold #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-1) gold #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-2) nickel #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-3) nickel #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-4) nickel #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-5) arsenic #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-6) arsenic #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-7) arsenic #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-8) copper #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-9) copper #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-10) copper #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-11) palladium #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-12) palladium #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-13) palladium #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-14) platinum #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-15) platinum #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/lm8-investor-presentation-australian-gold-conference-2026--7a5af4ba-aad8-44bc-a2f3-8703d73e56d2#fact-resource-facts-16) platinum #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **DFS-Supporting** Polarity: neutral Definition: 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.