LML: FY26 Annual Report
Original announcement by asx on
- Company
- Lincoln Minerals Limited
- Ticker
- LML
- Exchange
- ASX
- Region
- South Australia
- Primary commodity
- Copper
- Secondary commodities
- Lead, Zinc, Silver, Graphite, Magnetite, Uranium
- Document categories
- Resource update, Drill results, Capital raise
- Extracted
- 2026-09-29 18:54:30 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lincoln Minerals Limited's FY26 Annual Report highlights a strategic shift towards copper exploration, with recent air core drilling at the Minbrie Copper Project validating its geological model. The company secured A$5.351 million through capital raises to fund ongoing operations and planned follow-up drilling. Despite these advancements, the report discloses a net loss of A$2.198 million and a material uncertainty regarding its ability to continue as a going concern, while its graphite and magnetite resource estimates remained unchanged.
Reasoning: Lincoln Minerals Limited's FY26 Annual Report indicates a mixed performance. While the company successfully raised capital and reported positive early-stage drill results validating its copper exploration model, it also recorded a net loss and faces a material uncertainty regarding its going concern status. The resource updates for other commodities showed no material changes, suggesting a focused but financially challenging period.
Positive factors
- Successful capital raises provide funding for ongoing operations and exploration.
- Positive, albeit early-stage, drill results at Minbrie validate the geological model for copper.
- Active exploration program is underway with plans for follow-up diamond drilling.
- New CEO with extensive mining industry experience appointed to lead the company.
Negative factors
- The company reported a net loss for the financial year.
- A material uncertainty regarding the company's ability to continue as a going concern was noted by auditors.
- A cyber fraud incident resulted in a significant financial loss, though a settlement is expected.
- Mineral resource estimates for graphite and magnetite were re-stated with no material changes, indicating low progress on these assets.
- Drill results are reported as 'apparent width' only, which may overstate true thickness.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 51
Classification and evidence
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The drill intercept for hole BUDD192 is explicitly stated as a historical result from February 2025, re-released in this annual report.
Evidence · text
“29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn and 9g/t Ag in hole BUDD192 (apparent width)1. Importantly, our review demonstrated ~1.7km of strike at Eagle Ridge remains untested, and large portions of the broader corridor have never been drilled for copper.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The drill intercept for hole BUDD192 is explicitly stated as 'apparent width', with no true width provided.
Evidence · text
“29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn and 9g/t Ag in hole BUDD192 (apparent width)”
Deleterious Elements Presentnegative
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: The historical drill intercept for BUDD192 reports significant grades of lead and zinc alongside copper, which can be penalty elements in copper concentrates.
Evidence · text
“29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn and 9g/t Ag in hole BUDD192 (apparent width)”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The drill intercept for hole MBAC022 is explicitly stated as 'apparent width', with no true width provided.
Evidence · text
“6m at 0.26% Pb and 0.22% Zn from 90m (MBAC022, apparent width)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Statement explicitly states that the information is based upon information compiled by a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).
Evidence · text
“The information in this document that relates to Mineral Resources is based upon information compiled by Mr Shane O’Connell who is a Member of the Australasian Institute of Mining and Metallurgy. Mr O’Connell is a consultant to Lincoln Minerals Limited and has sufficient experience relevant to the style of mineralisation, the type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Mineral Resource Statement explicitly states that the information is compiled by Mr Shane O’Connell, who qualifies as a Competent Person under the JORC Code.
Evidence · text
“The information in this document that relates to Mineral Resources is based upon information compiled by Mr Shane O’Connell who is a Member of the Australasian Institute of Mining and Metallurgy. Mr O’Connell is a consultant to Lincoln Minerals Limited and has sufficient experience relevant to the style of mineralisation, the type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The document explicitly states that 'In the year ended June 30, 2026, there have been no changes to the Company’s Mineral Resources,' indicating the estimates are not new.
Evidence · text
“In the year ended June 30, 2026, there have been no changes to the Company’s Mineral Resources.”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Bald Hill magnetite resource is entirely classified as Inferred, indicating low geological confidence.
Evidence · table
“Inferred”
Context: 289.4
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Iron Mount magnetite resource is entirely classified as Inferred, indicating low geological confidence.
Evidence · table
“Inferred”
Context: 135
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Rifle Range magnetite resource is entirely classified as Inferred, indicating low geological confidence.
Evidence · table
“Inferred”
Context: 3.5
Going Concern Uncertaintynegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The auditor's report highlights a material uncertainty related to going concern due to a net loss of $2,198,849 and net cash outflow from operating and investing activities of $1,783,155.
Evidence · text
“We draw attention to Note 2 in the financial statements, which indicates that the Group incurred a net loss of $2,198,849 during the year ended 30 June 2026 and a net cash outflow from operating and investing activities of $1,783,155. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern.”
Fraud Incidentnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The company identified a loss of $121,772 due to a phishing scam, which is a negative event impacting financial security.
Evidence · text
“During the year the Company identified two bank transactions to incorrect bank details as a result of a phishing scam resulting in a loss of $121,772 net of recoveries.”
Extracted facts
Stored fact records: 51. Some facts used in scoring do not have a stored record.
Drill Results (16)
BUDD192Minbrie · copperGrade: 0.8Grade Unit: %Intercept: 29.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BUDD192
- Project
- Minbrie
- Commodity
- copper
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Geometry
- Grade
- 0.8
- Grade Unit
- %
- Intercept
- 29.5 m
Classification
- Sample Type
- drill
Location
- Location
- Eagle Ridge prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This historical copper intercept is high-grade and indicates significant mineralization, but its novelty is low as it's a re-statement and reported as apparent width only. The presence of other base metals could imply processing challenges.
Positive factors
- High-grade copper intercept.
Negative factors
- Result is historical and re-stated.
- Reported as apparent width only.
- Polymetallic nature with lead and zinc may indicate processing complexities or penalty elements.
Evidence · text
“29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn and 9g/t Ag in hole BUDD192 (apparent width)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BUDD192Minbrie · leadGrade: 7.5Grade Unit: %Intercept: 29.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BUDD192
- Project
- Minbrie
- Commodity
- lead
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Geometry
- Grade
- 7.5
- Grade Unit
- %
- Intercept
- 29.5 m
Classification
- Sample Type
- drill
Location
- Location
- Eagle Ridge prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This historical lead intercept is high-grade and indicates significant mineralization, but its novelty is low as it's a re-statement and reported as apparent width only. The presence of other base metals could imply processing challenges.
Positive factors
- High-grade lead intercept.
Negative factors
- Result is historical and re-stated.
- Reported as apparent width only.
- Polymetallic nature with other base metals may indicate processing complexities or penalty elements.
Evidence · text
“29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn and 9g/t Ag in hole BUDD192 (apparent width)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BUDD192Minbrie · zincGrade: 1.9Grade Unit: %Intercept: 29.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BUDD192
- Project
- Minbrie
- Commodity
- zinc
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Geometry
- Grade
- 1.9
- Grade Unit
- %
- Intercept
- 29.5 m
Classification
- Sample Type
- drill
Location
- Location
- Eagle Ridge prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This historical zinc intercept is high-grade and indicates significant mineralization, but its novelty is low as it's a re-statement and reported as apparent width only. The presence of other base metals could imply processing challenges.
Positive factors
- High-grade zinc intercept.
Negative factors
- Result is historical and re-stated.
- Reported as apparent width only.
- Polymetallic nature with other base metals may indicate processing complexities or penalty elements.
Evidence · text
“29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn and 9g/t Ag in hole BUDD192 (apparent width)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
BUDD192Minbrie · silverGrade: 9Grade Unit: g/tIntercept: 29.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- BUDD192
- Project
- Minbrie
- Commodity
- silver
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Geometry
- Grade
- 9
- Grade Unit
- g/t
- Intercept
- 29.5 m
Classification
- Sample Type
- drill
Location
- Location
- Eagle Ridge prospect
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-02-12T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This historical silver intercept adds value to the polymetallic mineralization, but its novelty is low as it's a re-statement and reported as apparent width only. The presence of other base metals could imply processing challenges.
Positive factors
- Silver intercept adds value to the polymetallic mineralization.
Negative factors
- Result is historical and re-stated.
- Reported as apparent width only.
- Polymetallic nature with other base metals may indicate processing complexities or penalty elements.
Evidence · text
“29.5m @ 0.8% Cu, 7.5% Pb, 1.9% Zn and 9g/t Ag in hole BUDD192 (apparent width)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
MBAC022Minbrie · leadGrade: 0.26Grade Unit: %Intercept: 6 mView all detailsHide details
Identity
- Hole ID
- MBAC022
- Project
- Minbrie
- Commodity
- lead
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Geometry
- Grade
- 0.26
- Grade Unit
- %
- Intercept
- 6 m
- From
- 90 m
- To
- 96 m
- Intercept Depth
- 90 m
Classification
- Sample Type
- drill
- Group ID
- MBAC022:90-96
Location
- Location
- Eagle Ridge
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This new lead intercept confirms the up-dip continuity of mineralization and validates the geological model, which is positive for exploration. However, the grade is relatively low and it's reported as apparent width.
Positive factors
- New drill result confirms mineralization continues up-dip.
- Validates the geological model for the project.
Negative factors
- Grade is relatively low.
- Reported as apparent width only.
Evidence · text
“6m at 0.26% Pb and 0.22% Zn from 90m (MBAC022, apparent width)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
MBAC022Minbrie · zincGrade: 0.22Grade Unit: %Intercept: 6 mView all detailsHide details
Identity
- Hole ID
- MBAC022
- Project
- Minbrie
- Commodity
- zinc
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Geometry
- Grade
- 0.22
- Grade Unit
- %
- Intercept
- 6 m
- From
- 90 m
- To
- 96 m
- Intercept Depth
- 90 m
Classification
- Sample Type
- drill
- Group ID
- MBAC022:90-96
Location
- Location
- Eagle Ridge
- Loc. Source
- document
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This new zinc intercept confirms the up-dip continuity of mineralization and validates the geological model, which is positive for exploration. However, the grade is relatively low and it's reported as apparent width.
Positive factors
- New drill result confirms mineralization continues up-dip.
- Validates the geological model for the project.
Negative factors
- Grade is relatively low.
- Reported as apparent width only.
Evidence · text
“6m at 0.26% Pb and 0.22% Zn from 90m (MBAC022, apparent width)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 7Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The successful renounceable Entitlement Issue raised a substantial amount of capital, providing crucial funding for the company's activities.
Positive factors
- Successful capital raise provides significant funding for company operations.
- Issue price of $0.005 per share indicates market confidence.
Evidence · text
“In September 2025 Lincoln completed a renounceable Entitlement Issue, raising $1,501,000 (before costs).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 8Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The Follow-On placement successfully raised additional capital, contributing to the company's funding needs.
Positive factors
- Successful capital raise provides additional funding for company operations.
- Follow-On placement on the same terms as the Entitlement Issue indicates consistent market interest.
Evidence · text
“A further $750,000 was raised in a Follow‑On placement on the same terms as the Entitlement Issue.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 9Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The first tranche of the strategic placement secured significant funding from a strategic investor at an improved share price, demonstrating increased investor confidence.
Positive factors
- Binding commitment from a strategic investor provides strong financial backing.
- Placement at A$0.012 per share indicates a higher valuation compared to previous raises.
Evidence · text
“Tranche 1 83.3 million New Shares were issued to raise A$1 million (before costs) using Lincoln’s placement capacity under ASX Listing Rule 7.1.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 10Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The approval and completion of the second tranche of the strategic placement secured significant additional funding, crucial for advancing the Minbrie Copper Project.
Positive factors
- Shareholder approval for the second tranche of the strategic placement ensures substantial funding.
- The placement includes free attaching options, providing additional incentive for investors.
Evidence · text
“Tranche 2 At an extraordinary general meeting held on 10 July 2026, shareholders approved the issue of 175 million New Shares and 129.2 million Attaching Options to raise A$2.1 million (before costs).”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 11Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The company's cash and cash equivalents increased significantly, providing a stronger financial position for future operations.
Positive factors
- Increased cash balance compared to the previous year, indicating improved liquidity.
Evidence · table
“1,648,132”
Context: Cash and cash equivalents
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 12Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The company reported a substantial net loss, which is a negative financial indicator and contributes to the overall going concern uncertainty.
Negative factors
- Significant net loss for the financial year, impacting profitability.
- Contributes to the material uncertainty regarding going concern.
Evidence · table
“(2,198,849)”
Context: Loss after income tax expense for the year
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 13Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The company experienced a significant net cash outflow from operating activities, highlighting ongoing operational costs not covered by revenue.
Negative factors
- Continued negative cash flow from operating activities, indicating reliance on financing for day-to-day operations.
Evidence · table
“(1,084,273)”
Context: Net cash used in operating activities
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 14Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The company had a net cash outflow from investing activities, mainly driven by exploration and evaluation expenditures, which is typical for an exploration company but contributes to overall cash burn.
Negative factors
- Negative cash flow from investing activities, primarily due to exploration and evaluation payments.
Evidence · table
“(698,882)”
Context: Net cash used in investing activities
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 15Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: The company generated substantial positive cash flow from financing activities, demonstrating its ability to raise capital to fund its operations and exploration programs.
Positive factors
- Significant positive cash flow from financing activities, primarily from share issues, indicating successful capital raises.
Evidence · table
“2,810,095”
Context: Net cash from financing activities
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 16Needs review: drill_no_hole_idView all detailsHide details
Identity
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- LML
Classification
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: A cyber fraud incident resulted in a financial loss, highlighting a security breach, although a settlement is expected to recover the funds.
Positive factors
- Company has executed a Deed of Settlement and Release to recover the funds.
Negative factors
- Loss incurred due to a cyber fraud incident, indicating a security vulnerability.
Evidence · text
“During the year the Company identified two bank transactions to incorrect bank details as a result of a phishing scam resulting in a loss of $121,772 net of recoveries.”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (35)
measuredKookaburra Graphite Project · graphiteTonnes: 1000000Grade: 11.77Grade Unit: %TGCContained Metal: 118Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kookaburra Graphite Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:e08d5688c2fab05b087f
- Deposit or zone
- Kookaburra Gully
Resource Data
- Category
- measured
- Tonnes
- 1000000
- Grade
- 11.77
- Grade Unit
- %TGC
- Contained Metal
- 118
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This is a high-confidence Measured resource for graphite, but its novelty is low as no changes were reported for the current financial year.
Positive factors
- High-confidence Measured resource category.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
Evidence · table
“11.77”
Context: 1.00
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedKookaburra Graphite Project · graphiteTonnes: 1440000Grade: 11.73Grade Unit: %TGCContained Metal: 169Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kookaburra Graphite Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:36f9b229d7b71fc7f39e
- Deposit or zone
- Kookaburra Gully
Resource Data
- Category
- indicated
- Tonnes
- 1440000
- Grade
- 11.73
- Grade Unit
- %TGC
- Contained Metal
- 169
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for graphite provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
Evidence · table
“11.73”
Context: 1.44
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredKookaburra Graphite Project · graphiteTonnes: 1070000Grade: 11.66Grade Unit: %TGCContained Metal: 125Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kookaburra Graphite Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:d37d3a479b0585989c8d
- Deposit or zone
- Kookaburra Gully
Resource Data
- Category
- inferred
- Tonnes
- 1070000
- Grade
- 11.66
- Grade Unit
- %TGC
- Contained Metal
- 125
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for graphite is speculative, and its novelty is low as no changes were reported for the current financial year.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
Evidence · table
“11.66”
Context: 1.07
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedKookaburra Graphite Project · graphiteTonnes: 2840000Grade: 7.53Grade Unit: %TGCContained Metal: 214Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kookaburra Graphite Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:587d55c30473d9f52015
- Deposit or zone
- Koppio
Resource Data
- Category
- indicated
- Tonnes
- 2840000
- Grade
- 7.53
- Grade Unit
- %TGC
- Contained Metal
- 214
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for graphite provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
Evidence · table
“7.53”
Context: 2.84
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredKookaburra Graphite Project · graphiteTonnes: 790000Grade: 6.72Grade Unit: %TGCContained Metal: 53Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kookaburra Graphite Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:6b081998ce398da4588a
- Deposit or zone
- Koppio
Resource Data
- Category
- inferred
- Tonnes
- 790000
- Grade
- 6.72
- Grade Unit
- %TGC
- Contained Metal
- 53
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for graphite is speculative, and its novelty is low as no changes were reported for the current financial year.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
Evidence · table
“6.72”
Context: 0.79
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedKookaburra Graphite Project · graphiteTonnes: 580000Grade: 7.73Grade Unit: %TGCContained Metal: 45Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kookaburra Graphite Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:711e53d9deae47f0011a
- Deposit or zone
- Kookaburra Gully Extended
Resource Data
- Category
- indicated
- Tonnes
- 580000
- Grade
- 7.73
- Grade Unit
- %TGC
- Contained Metal
- 45
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for graphite provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
Evidence · table
“7.73”
Context: 0.58
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredKookaburra Graphite Project · graphiteTonnes: 5120000Grade: 4.86Grade Unit: %TGCContained Metal: 249Contained Unit: ktHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Kookaburra Graphite Project
- Commodity
- graphite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:991b7c8e082beaa536db
- Deposit or zone
- Kookaburra Gully Extended
Resource Data
- Category
- inferred
- Tonnes
- 5120000
- Grade
- 4.86
- Grade Unit
- %TGC
- Contained Metal
- 249
- Contained Unit
- kt
- Cutoff Grade
- 2
- Cutoff Unit
- %TGC
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-16T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for graphite is speculative, and its novelty is low as no changes were reported for the current financial year.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
Evidence · table
“4.86”
Context: 5.12
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredEyre Magnetite Project · iron_oreTonnes: 10800000Grade: 22.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:cccc8dbb72b0f80462e2
- Deposit or zone
- Koppio
Resource Data
- Category
- measured
- Tonnes
- 10800000
- Grade
- 22.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This is a high-confidence Measured resource for iron, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- High-confidence Measured resource category.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“22.7”
Context: 10.8
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
measuredEyre Magnetite Project · silicon_dioxideTonnes: 10800000Grade: 52.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:cccc8dbb72b0f80462e2
- Deposit or zone
- Koppio
Resource Data
- Category
- measured
- Tonnes
- 10800000
- Grade
- 52.3
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This is a high-confidence Measured resource for silicon dioxide, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- High-confidence Measured resource category.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“52.3”
Context: 10.8
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · iron_oreTonnes: 106600000Grade: 24.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:874f525474559e12daf9
- Deposit or zone
- Koppio
Resource Data
- Category
- indicated
- Tonnes
- 106600000
- Grade
- 24.3
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for iron provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“24.3”
Context: 106.6
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · silicon_dioxideTonnes: 106600000Grade: 52Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:874f525474559e12daf9
- Deposit or zone
- Koppio
Resource Data
- Category
- indicated
- Tonnes
- 106600000
- Grade
- 52
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for silicon dioxide provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“52”
Context: 106.6
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 99600000Grade: 24.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:cbfb8601cff0b6c428b4
- Deposit or zone
- Koppio
Resource Data
- Category
- inferred
- Tonnes
- 99600000
- Grade
- 24.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for iron is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“24.5”
Context: 99.6
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 99600000Grade: 52.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:cbfb8601cff0b6c428b4
- Deposit or zone
- Koppio
Resource Data
- Category
- inferred
- Tonnes
- 99600000
- Grade
- 52.3
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for silicon dioxide is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“52.3”
Context: 99.6
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · iron_oreTonnes: 155800000Grade: 24.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:5040aa810eb52305ffe5
- Deposit or zone
- Brennand
Resource Data
- Category
- indicated
- Tonnes
- 155800000
- Grade
- 24.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for iron provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“24.2”
Context: 155.8
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · silicon_dioxideTonnes: 155800000Grade: 50.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:5040aa810eb52305ffe5
- Deposit or zone
- Brennand
Resource Data
- Category
- indicated
- Tonnes
- 155800000
- Grade
- 50.8
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for silicon dioxide provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“50.8”
Context: 155.8
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 110400000Grade: 24.4Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:397150ada4cdcffd040f
- Deposit or zone
- Brennand
Resource Data
- Category
- inferred
- Tonnes
- 110400000
- Grade
- 24.4
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for iron is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“24.4”
Context: 110.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 110400000Grade: 50.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:397150ada4cdcffd040f
- Deposit or zone
- Brennand
Resource Data
- Category
- inferred
- Tonnes
- 110400000
- Grade
- 50.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for silicon dioxide is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“50.6”
Context: 110.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 289400000Grade: 26.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:4a53c1d1ea3aa5898ccc
- Deposit or zone
- Bald Hill
Resource Data
- Category
- inferred
- Tonnes
- 289400000
- Grade
- 26.8
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This resource is entirely Inferred, indicating low confidence, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2012.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Resource is entirely in the Inferred category, indicating low geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2012, indicating it is stale.
Evidence · table
“26.8”
Context: 289.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 289400000Grade: 51Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:4a53c1d1ea3aa5898ccc
- Deposit or zone
- Bald Hill
Resource Data
- Category
- inferred
- Tonnes
- 289400000
- Grade
- 51
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2012-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This resource is entirely Inferred, indicating low confidence, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2012.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Resource is entirely in the Inferred category, indicating low geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2012, indicating it is stale.
Evidence · table
“51”
Context: 289.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · iron_oreTonnes: 38500000Grade: 29.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:7e64519398ca17951395
- Deposit or zone
- Kapperna
Resource Data
- Category
- indicated
- Tonnes
- 38500000
- Grade
- 29.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for iron provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“29.7”
Context: 38.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · silicon_dioxideTonnes: 38500000Grade: 43.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:7e64519398ca17951395
- Deposit or zone
- Kapperna
Resource Data
- Category
- indicated
- Tonnes
- 38500000
- Grade
- 43.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for silicon dioxide provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“43.1”
Context: 38.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 23300000Grade: 29.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:2a1883c20723c0c0311b
- Deposit or zone
- Kapperna
Resource Data
- Category
- inferred
- Tonnes
- 23300000
- Grade
- 29.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for iron is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“29.7”
Context: 23.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 23300000Grade: 43.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:2a1883c20723c0c0311b
- Deposit or zone
- Kapperna
Resource Data
- Category
- inferred
- Tonnes
- 23300000
- Grade
- 43.8
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for silicon dioxide is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“43.8”
Context: 23.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 135000000Grade: 25.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:5d2f1541e6bbcece2628
- Deposit or zone
- Iron Mount
Resource Data
- Category
- inferred
- Tonnes
- 135000000
- Grade
- 25.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This resource is entirely Inferred, indicating low confidence, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Resource is entirely in the Inferred category, indicating low geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“25.5”
Context: 135
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 135000000Grade: 36.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:5d2f1541e6bbcece2628
- Deposit or zone
- Iron Mount
Resource Data
- Category
- inferred
- Tonnes
- 135000000
- Grade
- 36.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This resource is entirely Inferred, indicating low confidence, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Resource is entirely in the Inferred category, indicating low geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“36.7”
Context: 135
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · iron_oreTonnes: 72400000Grade: 27.3Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:d1990bb18a66119b51ba
- Deposit or zone
- Carrow
Resource Data
- Category
- indicated
- Tonnes
- 72400000
- Grade
- 27.3
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for iron provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“27.3”
Context: 72.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · silicon_dioxideTonnes: 72400000Grade: 40.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:d1990bb18a66119b51ba
- Deposit or zone
- Carrow
Resource Data
- Category
- indicated
- Tonnes
- 72400000
- Grade
- 40.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for silicon dioxide provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“40.1”
Context: 72.4
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 86800000Grade: 27.2Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:653cfa9511d7383800e9
- Deposit or zone
- Carrow
Resource Data
- Category
- inferred
- Tonnes
- 86800000
- Grade
- 27.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for iron is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“27.2”
Context: 86.8
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 86800000Grade: 41.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:653cfa9511d7383800e9
- Deposit or zone
- Carrow
Resource Data
- Category
- inferred
- Tonnes
- 86800000
- Grade
- 41.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for silicon dioxide is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“41.6”
Context: 86.8
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · iron_oreTonnes: 12300000Grade: 26.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:b23dca99db7a5d6439b0
- Deposit or zone
- Barnes
Resource Data
- Category
- indicated
- Tonnes
- 12300000
- Grade
- 26.6
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for iron provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“26.6”
Context: 12.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
indicatedEyre Magnetite Project · silicon_dioxideTonnes: 12300000Grade: 41.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:b23dca99db7a5d6439b0
- Deposit or zone
- Barnes
Resource Data
- Category
- indicated
- Tonnes
- 12300000
- Grade
- 41.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Indicated resource for silicon dioxide provides reasonable confidence, but its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- Indicated resource category provides reasonable geological confidence.
- JORC compliant and QP signed.
Negative factors
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“41.1”
Context: 12.3
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 88900000Grade: 23.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:09e1151490cac96bcae1
- Deposit or zone
- Barnes
Resource Data
- Category
- inferred
- Tonnes
- 88900000
- Grade
- 23.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for iron is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“23.5”
Context: 88.9
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 88900000Grade: 44.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:09e1151490cac96bcae1
- Deposit or zone
- Barnes
Resource Data
- Category
- inferred
- Tonnes
- 88900000
- Grade
- 44.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This Inferred resource for silicon dioxide is speculative, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Inferred resource category is speculative with limited geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“44.1”
Context: 88.9
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · iron_oreTonnes: 3500000Grade: 27.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- iron_ore
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:b802c4cd7c8f4ca8c85a
- Deposit or zone
- Rifle Range
Resource Data
- Category
- inferred
- Tonnes
- 3500000
- Grade
- 27.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This resource is entirely Inferred, indicating low confidence, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Resource is entirely in the Inferred category, indicating low geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“27.1”
Context: 3.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
inferredEyre Magnetite Project · silicon_dioxideTonnes: 3500000Grade: 38.7Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eyre Magnetite Project
- Commodity
- silicon_dioxide
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- LML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Shane O’Connell
- Resource group id
- resource:b802c4cd7c8f4ca8c85a
- Deposit or zone
- Rifle Range
Resource Data
- Category
- inferred
- Tonnes
- 3500000
- Grade
- 38.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-06-30
Location
- Loc. Confidence
- inferred
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2004-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-27T00:00:00.000Z
Reasoning: This resource is entirely Inferred, indicating low confidence, and its novelty is low as no changes were reported for the current financial year, and the estimate is stale from 2004.
Positive factors
- JORC compliant and QP signed.
Negative factors
- Resource is entirely in the Inferred category, indicating low geological confidence.
- No material changes to the resource estimate in the current reporting period, indicating low novelty.
- Estimate is from 2004, indicating it is stale.
Evidence · table
“38.7”
Context: 3.5
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
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
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.