LNQ: LinQ - Australian Gold Conference Presentation

Original announcement by asx on

Company
LinQ Minerals Limited
Ticker
LNQ
Exchange
ASX
Region
Unavailable
Primary commodity
Gold
Secondary commodities
Copper, Molybdenum
Document categories
Resource update
Extracted
2026-10-12 23:24:16 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

LinQ Minerals Limited presented its JORC-compliant Mineral Resource Estimates for the Gilmore Gold Copper Project at the Australian Gold Conference in October 2026. The global resource stands at 515.7 Mt containing 3.66 Moz gold and 1.18 Mt copper. The company confirmed that these estimates relate to previously released information and no new material changes have occurred, with the effective date of the resource being 2024.

Reasoning: This presentation re-affirms a substantial JORC-compliant gold-copper resource for the Gilmore Project, indicating significant scale and future growth potential through planned drilling. However, the resource figures are not new, having been previously released, and the effective date is over two years old, which reduces the novelty and raises some currency concerns. There is a minor, non-material decrease in global contained metal compared to prior estimates.

Positive factors

  • Large global resource estimate for gold and copper
  • JORC 2012 compliant and signed off by Competent Persons
  • Metal equivalent assumptions are disclosed
  • Significant planned drilling for growth and discovery

Negative factors

  • Resource estimate is a re-presentation of previously released data, not new information
  • Effective date of the resource estimate is over two years old, raising currency concerns
  • Slight decrease in global contained gold and copper compared to prior estimates

Facts used in scoring: 108

Extracted facts

Stored fact records: 108. Some facts used in scoring do not have a stored record.

Resource Estimates (108)

inferredGilmore Project · goldTonnes: 3500000Grade: 1Grade Unit: g/tContained Metal: 110000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:7979d55596763abb7f34
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
3500000
Grade
1
Grade Unit
g/t
Contained Metal
110000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.2
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: This Inferred oxide resource for Mandamah contributes to the overall project scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“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 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

inferredGilmore Project · goldTonnes: 4800000Grade: 0.6Grade Unit: g/tContained Metal: 140000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4cc2a3178904cb1f510c
Deposit or zone
GIDGINBUNG
Mining method
open_pit
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4800000
Grade
0.6
Grade Unit
g/t
Contained Metal
140000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: This Inferred oxide resource for Gidginbung adds to the project's overall gold endowment, but its category and the age of the estimate limit its current impact.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.6”

Context: 4.8

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 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

inferredGilmore Project · goldTonnes: 11600000Grade: 0.7Grade Unit: g/tContained Metal: 250000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:be3e3118ee764decc48c
Deposit or zone
TOTAL OXIDE
Mining method
open_pit
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11600000
Grade
0.7
Grade Unit
g/t
Contained Metal
250000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The total oxide resource, entirely Inferred, provides a baseline for potential future development but requires further drilling to upgrade confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.7”

Context: 11.6

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 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

indicatedGilmore Project · copperTonnes: 29600000Grade: 0.3Grade Unit: %Contained Metal: 180000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:c67b581b440c8fcf09d6
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
29600000
Grade
0.3
Grade Unit
%
Contained Metal
180000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated copper resource at Dam is a material component of the project, providing a higher confidence estimate, though it is not new information.

Positive factors

  • Significant Indicated resource for copper
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 29.6

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 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

indicatedGilmore Project · goldTonnes: 29600000Grade: 0.4Grade Unit: g/tContained Metal: 700000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:c67b581b440c8fcf09d6
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
29600000
Grade
0.4
Grade Unit
g/t
Contained Metal
700000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated gold resource at Dam is a material component of the project, providing a higher confidence estimate, though it is not new information.

Positive factors

  • Significant Indicated resource for gold
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 29.6

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 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

indicatedGilmore Project · molybdenumTonnes: 29600000Grade: 32Grade Unit: g/tContained Metal: 2700Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:c67b581b440c8fcf09d6
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
29600000
Grade
32
Grade Unit
g/t
Contained Metal
2700
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource at Dam provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“32”

Context: 29.6

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 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

inferredGilmore Project · copperTonnes: 47300000Grade: 0.2Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:2f4c7cd557f0e3e816ea
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
47300000
Grade
0.2
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Dam adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 47.3

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 47300000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:2f4c7cd557f0e3e816ea
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
47300000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Dam adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 47.3

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 47300000Grade: 37Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:2f4c7cd557f0e3e816ea
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
47300000
Grade
37
Grade Unit
g/t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Dam provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“37”

Context: 47.3

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedGilmore Project · copperTonnes: 26100000Grade: 0.3Grade Unit: %Contained Metal: 140000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:df8dd6b2b7e67dc1332b
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
26100000
Grade
0.3
Grade Unit
%
Contained Metal
140000
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated copper resource at Dam at a 0.3% CuEq cut-off shows robust grades and contributes materially to the project, though it is not new information.

Positive factors

  • Significant Indicated resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 26.1

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

indicatedGilmore Project · goldTonnes: 26100000Grade: 0.5Grade Unit: g/tContained Metal: 590000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:df8dd6b2b7e67dc1332b
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
26100000
Grade
0.5
Grade Unit
g/t
Contained Metal
590000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated gold resource at Dam at a 0.3% CuEq cut-off shows robust grades and contributes materially to the project, though it is not new information.

Positive factors

  • Significant Indicated resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.5”

Context: 26.1

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

indicatedGilmore Project · molybdenumTonnes: 26100000Grade: 31Grade Unit: g/tContained Metal: 1500Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:df8dd6b2b7e67dc1332b
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
26100000
Grade
31
Grade Unit
g/t
Contained Metal
1500
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource at Dam at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“31”

Context: 26.1

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

inferredGilmore Project · copperTonnes: 23600000Grade: 0.2Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:55c4c9eae5f612703ccd
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
23600000
Grade
0.2
Grade Unit
%
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Dam at a 0.3% CuEq cut-off adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 23.6

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 23600000Grade: 0.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:55c4c9eae5f612703ccd
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
23600000
Grade
0.3
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Dam at a 0.3% CuEq cut-off adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 23.6

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 23600000Grade: 31Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:55c4c9eae5f612703ccd
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
23600000
Grade
31
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Dam at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“31”

Context: 23.6

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedGilmore Project · copperTonnes: 23000000Grade: 0.3Grade Unit: %Contained Metal: 110000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:df625370bc91d653cb56
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
23000000
Grade
0.3
Grade Unit
%
Contained Metal
110000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated copper resource at Dam at a 0.4% CuEq cut-off shows robust grades and contributes materially to the project, though it is not new information.

Positive factors

  • Significant Indicated resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 23

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

indicatedGilmore Project · goldTonnes: 23000000Grade: 0.5Grade Unit: g/tContained Metal: 490000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:df625370bc91d653cb56
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
23000000
Grade
0.5
Grade Unit
g/t
Contained Metal
490000
Contained Unit
oz
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated gold resource at Dam at a 0.4% CuEq cut-off shows robust grades and contributes materially to the project, though it is not new information.

Positive factors

  • Significant Indicated resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.5”

Context: 23

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

indicatedGilmore Project · molybdenumTonnes: 23000000Grade: 30Grade Unit: g/tContained Metal: 1000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:df625370bc91d653cb56
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
23000000
Grade
30
Grade Unit
g/t
Contained Metal
1000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource at Dam at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“30”

Context: 23

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

inferredGilmore Project · copperTonnes: 11400000Grade: 0.2Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:5ed8e42aa03de9e115b0
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11400000
Grade
0.2
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Dam at a 0.4% CuEq cut-off adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 11.4

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 11400000Grade: 0.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:5ed8e42aa03de9e115b0
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11400000
Grade
0.3
Grade Unit
g/t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Dam at a 0.4% CuEq cut-off adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 11.4

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 11400000Grade: 28Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:5ed8e42aa03de9e115b0
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11400000
Grade
28
Grade Unit
g/t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Dam at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“28”

Context: 11.4

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedGilmore Project · copperTonnes: 19000000Grade: 0.4Grade Unit: %Contained Metal: 90000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:97975926a365cfddc32b
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
19000000
Grade
0.4
Grade Unit
%
Contained Metal
90000
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated copper resource at Dam at a 0.5% CuEq cut-off shows robust grades and contributes materially to the project, though it is not new information.

Positive factors

  • Significant Indicated resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 19

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

indicatedGilmore Project · goldTonnes: 19000000Grade: 0.6Grade Unit: g/tContained Metal: 400000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:97975926a365cfddc32b
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
19000000
Grade
0.6
Grade Unit
g/t
Contained Metal
400000
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated gold resource at Dam at a 0.5% CuEq cut-off shows robust grades and contributes materially to the project, though it is not new information.

Positive factors

  • Significant Indicated resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.6”

Context: 19

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

indicatedGilmore Project · molybdenumTonnes: 19000000Grade: 30Grade Unit: g/tContained Metal: 700Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:97975926a365cfddc32b
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
19000000
Grade
30
Grade Unit
g/t
Contained Metal
700
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource at Dam at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“30”

Context: 19

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

inferredGilmore Project · copperTonnes: 4900000Grade: 0.3Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:d71132c6d52e7d5faa66
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4900000
Grade
0.3
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Dam at a 0.5% CuEq cut-off adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 4.9

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 4900000Grade: 0.4Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:d71132c6d52e7d5faa66
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4900000
Grade
0.4
Grade Unit
g/t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Dam at a 0.5% CuEq cut-off adds to the project's overall scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 4.9

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 4900000Grade: 26Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:d71132c6d52e7d5faa66
Deposit or zone
DAM
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
4900000
Grade
26
Grade Unit
g/t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Dam at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“26”

Context: 4.9

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · copperTonnes: 33000000Grade: 0.2Grade Unit: %Contained Metal: 60000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:c9136e9f3979868b0bb2
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
33000000
Grade
0.2
Grade Unit
%
Contained Metal
60000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Estoril contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 33

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

inferredGilmore Project · goldTonnes: 33000000Grade: 0.3Grade Unit: g/tContained Metal: 270000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:c9136e9f3979868b0bb2
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
33000000
Grade
0.3
Grade Unit
g/t
Contained Metal
270000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Estoril contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 33

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

inferredGilmore Project · molybdenumTonnes: 33000000Grade: 8Grade Unit: g/tContained Metal: 300Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:c9136e9f3979868b0bb2
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
33000000
Grade
8
Grade Unit
g/t
Contained Metal
300
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Estoril provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“8”

Context: 33

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

inferredGilmore Project · copperTonnes: 22200000Grade: 0.2Grade Unit: %Contained Metal: 40000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:6b8e8efe32e2d93bd6f9
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
22200000
Grade
0.2
Grade Unit
%
Contained Metal
40000
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Estoril at a 0.3% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 22.2

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

inferredGilmore Project · goldTonnes: 22200000Grade: 0.3Grade Unit: g/tContained Metal: 210000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:6b8e8efe32e2d93bd6f9
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
22200000
Grade
0.3
Grade Unit
g/t
Contained Metal
210000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Estoril at a 0.3% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 22.2

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

inferredGilmore Project · molybdenumTonnes: 22200000Grade: 6Grade Unit: g/tContained Metal: 100Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:6b8e8efe32e2d93bd6f9
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
22200000
Grade
6
Grade Unit
g/t
Contained Metal
100
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Estoril at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“6”

Context: 22.2

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

inferredGilmore Project · copperTonnes: 11800000Grade: 0.2Grade Unit: %Contained Metal: 30000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:3b8cf7aaefbe1656963f
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11800000
Grade
0.2
Grade Unit
%
Contained Metal
30000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Estoril at a 0.4% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 11.8

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 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

inferredGilmore Project · goldTonnes: 11800000Grade: 0.4Grade Unit: g/tContained Metal: 140000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:3b8cf7aaefbe1656963f
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11800000
Grade
0.4
Grade Unit
g/t
Contained Metal
140000
Contained Unit
oz
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Estoril at a 0.4% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 11.8

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 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

inferredGilmore Project · molybdenumTonnes: 11800000Grade: 6Grade Unit: g/tContained Metal: 100Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:3b8cf7aaefbe1656963f
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11800000
Grade
6
Grade Unit
g/t
Contained Metal
100
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Estoril at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“6”

Context: 11.8

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 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

inferredGilmore Project · copperTonnes: 5800000Grade: 0.2Grade Unit: %Contained Metal: 10000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:8d8f27722cb469f15f7e
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5800000
Grade
0.2
Grade Unit
%
Contained Metal
10000
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Estoril at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 5.8

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 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

inferredGilmore Project · goldTonnes: 5800000Grade: 0.4Grade Unit: g/tContained Metal: 80000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:8d8f27722cb469f15f7e
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5800000
Grade
0.4
Grade Unit
g/t
Contained Metal
80000
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Estoril at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 5.8

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 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

inferredGilmore Project · molybdenumTonnes: 5800000Grade: 5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:8d8f27722cb469f15f7e
Deposit or zone
ESTORIL
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
5800000
Grade
5
Grade Unit
g/t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Estoril at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“5”

Context: 5.8

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · copperTonnes: 43200000Grade: 0.2Grade Unit: %Contained Metal: 100000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:b32405aae5121a401a1c
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
43200000
Grade
0.2
Grade Unit
%
Contained Metal
100000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Culingerai contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 43.2

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

inferredGilmore Project · goldTonnes: 43200000Grade: 0.2Grade Unit: g/tContained Metal: 310000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:b32405aae5121a401a1c
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
43200000
Grade
0.2
Grade Unit
g/t
Contained Metal
310000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Culingerai contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 43.2

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

inferredGilmore Project · molybdenumTonnes: 43200000Grade: 23Grade Unit: g/tContained Metal: 1000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:b32405aae5121a401a1c
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
43200000
Grade
23
Grade Unit
g/t
Contained Metal
1000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Culingerai provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“23”

Context: 43.2

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

inferredGilmore Project · copperTonnes: 27600000Grade: 0.3Grade Unit: %Contained Metal: 80000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4a265363cec260982bac
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
27600000
Grade
0.3
Grade Unit
%
Contained Metal
80000
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Culingerai at a 0.3% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 27.6

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 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

inferredGilmore Project · goldTonnes: 27600000Grade: 0.3Grade Unit: g/tContained Metal: 260000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4a265363cec260982bac
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
27600000
Grade
0.3
Grade Unit
g/t
Contained Metal
260000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Culingerai at a 0.3% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 27.6

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 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

inferredGilmore Project · molybdenumTonnes: 27600000Grade: 22Grade Unit: g/tContained Metal: 600Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4a265363cec260982bac
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
27600000
Grade
22
Grade Unit
g/t
Contained Metal
600
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Culingerai at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“22”

Context: 27.6

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 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

inferredGilmore Project · copperTonnes: 18700000Grade: 0.3Grade Unit: %Contained Metal: 60000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:eae84c32ce1f550b5c36
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
18700000
Grade
0.3
Grade Unit
%
Contained Metal
60000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Culingerai at a 0.4% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 18.7

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

inferredGilmore Project · goldTonnes: 18700000Grade: 0.3Grade Unit: g/tContained Metal: 200000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:eae84c32ce1f550b5c36
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
18700000
Grade
0.3
Grade Unit
g/t
Contained Metal
200000
Contained Unit
oz
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Culingerai at a 0.4% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 18.7

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

inferredGilmore Project · molybdenumTonnes: 18700000Grade: 18Grade Unit: g/tContained Metal: 300Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:eae84c32ce1f550b5c36
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
18700000
Grade
18
Grade Unit
g/t
Contained Metal
300
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Culingerai at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“18”

Context: 18.7

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

inferredGilmore Project · copperTonnes: 12400000Grade: 0.4Grade Unit: %Contained Metal: 40000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:eff54dff142e6c65a8d1
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
12400000
Grade
0.4
Grade Unit
%
Contained Metal
40000
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Culingerai at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 12.4

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 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

inferredGilmore Project · goldTonnes: 12400000Grade: 0.4Grade Unit: g/tContained Metal: 160000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:eff54dff142e6c65a8d1
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
12400000
Grade
0.4
Grade Unit
g/t
Contained Metal
160000
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Culingerai at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 12.4

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 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

inferredGilmore Project · molybdenumTonnes: 12400000Grade: 15Grade Unit: g/tContained Metal: 200Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:eff54dff142e6c65a8d1
Deposit or zone
CULINGERAI
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
12400000
Grade
15
Grade Unit
g/t
Contained Metal
200
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Culingerai at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“15”

Context: 12.4

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 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

inferredGilmore Project · copperTonnes: 37200000Grade: 0.3Grade Unit: %Contained Metal: 110000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:d9e47bb85ae0fd603b7e
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
37200000
Grade
0.3
Grade Unit
%
Contained Metal
110000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Mandamah contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 37.2

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

inferredGilmore Project · goldTonnes: 37200000Grade: 0.2Grade Unit: g/tContained Metal: 220000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:d9e47bb85ae0fd603b7e
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
37200000
Grade
0.2
Grade Unit
g/t
Contained Metal
220000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Mandamah contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 37.2

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

inferredGilmore Project · molybdenumTonnes: 37200000Grade: 35Grade Unit: g/tContained Metal: 1300Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:d9e47bb85ae0fd603b7e
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
37200000
Grade
35
Grade Unit
g/t
Contained Metal
1300
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Mandamah provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“35”

Context: 37.2

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

inferredGilmore Project · copperTonnes: 24000000Grade: 0.4Grade Unit: %Contained Metal: 90000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:ee5f98363b9f26d541f5
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
24000000
Grade
0.4
Grade Unit
%
Contained Metal
90000
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Mandamah at a 0.3% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 24

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

inferredGilmore Project · goldTonnes: 24000000Grade: 0.2Grade Unit: g/tContained Metal: 180000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:ee5f98363b9f26d541f5
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
24000000
Grade
0.2
Grade Unit
g/t
Contained Metal
180000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Mandamah at a 0.3% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 24

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

inferredGilmore Project · molybdenumTonnes: 24000000Grade: 30Grade Unit: g/tContained Metal: 700Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:ee5f98363b9f26d541f5
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
24000000
Grade
30
Grade Unit
g/t
Contained Metal
700
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Mandamah at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“30”

Context: 24

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

inferredGilmore Project · copperTonnes: 15100000Grade: 0.4Grade Unit: %Contained Metal: 70000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:25a9e13a7c3536064346
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
15100000
Grade
0.4
Grade Unit
%
Contained Metal
70000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Mandamah at a 0.4% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 15.1

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

inferredGilmore Project · goldTonnes: 15100000Grade: 0.3Grade Unit: g/tContained Metal: 140000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:25a9e13a7c3536064346
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
15100000
Grade
0.3
Grade Unit
g/t
Contained Metal
140000
Contained Unit
oz
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Mandamah at a 0.4% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 15.1

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

inferredGilmore Project · molybdenumTonnes: 15100000Grade: 26Grade Unit: g/tContained Metal: 400Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:25a9e13a7c3536064346
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
15100000
Grade
26
Grade Unit
g/t
Contained Metal
400
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Mandamah at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“26”

Context: 15.1

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

inferredGilmore Project · copperTonnes: 10600000Grade: 0.5Grade Unit: %Contained Metal: 50000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:44411e9848511f8a5e0d
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
10600000
Grade
0.5
Grade Unit
%
Contained Metal
50000
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Mandamah at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.5”

Context: 10.6

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 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

inferredGilmore Project · goldTonnes: 10600000Grade: 0.3Grade Unit: g/tContained Metal: 110000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:44411e9848511f8a5e0d
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
10600000
Grade
0.3
Grade Unit
g/t
Contained Metal
110000
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Mandamah at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 10.6

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 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

inferredGilmore Project · molybdenumTonnes: 10600000Grade: 26Grade Unit: g/tContained Metal: 300Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:44411e9848511f8a5e0d
Deposit or zone
MANDAMAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
10600000
Grade
26
Grade Unit
g/t
Contained Metal
300
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Mandamah at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“26”

Context: 10.6

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 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

inferredGilmore Project · copperTonnes: 278800000Grade: 0.3Grade Unit: %Contained Metal: 700000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4f04b6041b6b5670f524
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
278800000
Grade
0.3
Grade Unit
%
Contained Metal
700000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred copper resource at Yiddah is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for copper
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 278.8

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 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

inferredGilmore Project · goldTonnes: 278800000Grade: 0.1Grade Unit: g/tContained Metal: 1080000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4f04b6041b6b5670f524
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
278800000
Grade
0.1
Grade Unit
g/t
Contained Metal
1080000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred gold resource at Yiddah is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for gold
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.1”

Context: 278.8

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 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

inferredGilmore Project · molybdenumTonnes: 278800000Grade: 35Grade Unit: g/tContained Metal: 9700Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4f04b6041b6b5670f524
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
278800000
Grade
35
Grade Unit
g/t
Contained Metal
9700
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.3
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Yiddah provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“35”

Context: 278.8

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 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

inferredGilmore Project · copperTonnes: 161400000Grade: 0.3Grade Unit: %Contained Metal: 490000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:1ad7717c7469740818ae
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
161400000
Grade
0.3
Grade Unit
%
Contained Metal
490000
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred copper resource at Yiddah at a 0.3% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 161.4

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 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

inferredGilmore Project · goldTonnes: 161400000Grade: 0.1Grade Unit: g/tContained Metal: 730000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:1ad7717c7469740818ae
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
161400000
Grade
0.1
Grade Unit
g/t
Contained Metal
730000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred gold resource at Yiddah at a 0.3% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.1”

Context: 161.4

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 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

inferredGilmore Project · molybdenumTonnes: 161400000Grade: 34Grade Unit: g/tContained Metal: 5500Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:1ad7717c7469740818ae
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
161400000
Grade
34
Grade Unit
g/t
Contained Metal
5500
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Yiddah at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“34”

Context: 161.4

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 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

inferredGilmore Project · copperTonnes: 70600000Grade: 0.4Grade Unit: %Contained Metal: 260000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:84562885efc925e79f89
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
70600000
Grade
0.4
Grade Unit
%
Contained Metal
260000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred copper resource at Yiddah at a 0.4% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 70.6

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 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

inferredGilmore Project · goldTonnes: 70600000Grade: 0.2Grade Unit: g/tContained Metal: 390000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:84562885efc925e79f89
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
70600000
Grade
0.2
Grade Unit
g/t
Contained Metal
390000
Contained Unit
oz
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred gold resource at Yiddah at a 0.4% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 70.6

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 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

inferredGilmore Project · molybdenumTonnes: 70600000Grade: 32Grade Unit: g/tContained Metal: 2300Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:84562885efc925e79f89
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
70600000
Grade
32
Grade Unit
g/t
Contained Metal
2300
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Yiddah at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“32”

Context: 70.6

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 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

inferredGilmore Project · copperTonnes: 25700000Grade: 0.4Grade Unit: %Contained Metal: 110000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:443b1aabc83268afcc6c
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
25700000
Grade
0.4
Grade Unit
%
Contained Metal
110000
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred copper resource at Yiddah at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Inferred resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 25.7

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

inferredGilmore Project · goldTonnes: 25700000Grade: 0.2Grade Unit: g/tContained Metal: 170000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:443b1aabc83268afcc6c
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
25700000
Grade
0.2
Grade Unit
g/t
Contained Metal
170000
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Yiddah at a 0.5% CuEq cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 25.7

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

inferredGilmore Project · molybdenumTonnes: 25700000Grade: 34Grade Unit: g/tContained Metal: 900Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:443b1aabc83268afcc6c
Deposit or zone
YIDDAH
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
25700000
Grade
34
Grade Unit
g/t
Contained Metal
900
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Yiddah at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“34”

Context: 25.7

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

indicatedGilmore Project · copperTonnes: 29600000Grade: 0.3Grade Unit: %Contained Metal: 1150000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:f9db5ec287f10f8bb47c
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
29600000
Grade
0.3
Grade Unit
%
Contained Metal
1150000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated copper resource for the total Sulphide Porphyry is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Large Indicated resource for copper
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 29.6

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 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

indicatedGilmore Project · goldTonnes: 29600000Grade: 0.4Grade Unit: g/tContained Metal: 2570000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:f9db5ec287f10f8bb47c
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
29600000
Grade
0.4
Grade Unit
g/t
Contained Metal
2570000
Contained Unit
oz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated gold resource for the total Sulphide Porphyry is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Large Indicated resource for gold
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 29.6

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 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

indicatedGilmore Project · molybdenumTonnes: 29600000Grade: 32Grade Unit: g/tContained Metal: 15000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:f9db5ec287f10f8bb47c
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
29600000
Grade
32
Grade Unit
g/t
Contained Metal
15000
Contained Unit
t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource for the total Sulphide Porphyry provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“32”

Context: 29.6

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 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

inferredGilmore Project · copperTonnes: 439500000Grade: 0.2Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:32ea2d896de94e278002
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
439500000
Grade
0.2
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The very large Inferred copper resource for the total Sulphide Porphyry is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Very large Inferred resource for copper
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 439.5

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 439500000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:32ea2d896de94e278002
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
439500000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The very large Inferred gold resource for the total Sulphide Porphyry is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Very large Inferred resource for gold
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 439.5

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 439500000Grade: 32Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:32ea2d896de94e278002
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
439500000
Grade
32
Grade Unit
g/t
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource for the total Sulphide Porphyry provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“32”

Context: 439.5

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedGilmore Project · copperTonnes: 26100000Grade: 0.3Grade Unit: %Contained Metal: 830000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:9a8a06b5c5a25905210b
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
26100000
Grade
0.3
Grade Unit
%
Contained Metal
830000
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated copper resource for the total Sulphide Porphyry at a 0.3% CuEq cut-off is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Large Indicated resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 26.1

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

indicatedGilmore Project · goldTonnes: 26100000Grade: 0.5Grade Unit: g/tContained Metal: 1970000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:9a8a06b5c5a25905210b
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
26100000
Grade
0.5
Grade Unit
g/t
Contained Metal
1970000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated gold resource for the total Sulphide Porphyry at a 0.3% CuEq cut-off is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Large Indicated resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.5”

Context: 26.1

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

indicatedGilmore Project · molybdenumTonnes: 26100000Grade: 31Grade Unit: g/tContained Metal: 8500Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:9a8a06b5c5a25905210b
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
26100000
Grade
31
Grade Unit
g/t
Contained Metal
8500
Contained Unit
t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource for the total Sulphide Porphyry at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“31”

Context: 26.1

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

inferredGilmore Project · copperTonnes: 258900000Grade: 0.3Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:10c005d04ebdd0178f0b
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
258900000
Grade
0.3
Grade Unit
%
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The very large Inferred copper resource for the total Sulphide Porphyry at a 0.3% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Very large Inferred resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 258.9

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 258900000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:10c005d04ebdd0178f0b
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
258900000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The very large Inferred gold resource for the total Sulphide Porphyry at a 0.3% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Very large Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 258.9

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 258900000Grade: 30Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:10c005d04ebdd0178f0b
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
258900000
Grade
30
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.4
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource for the total Sulphide Porphyry at a 0.3% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“30”

Context: 258.9

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedGilmore Project · copperTonnes: 23000000Grade: 0.3Grade Unit: %Contained Metal: 520000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:f015459547200ddc109c
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
23000000
Grade
0.3
Grade Unit
%
Contained Metal
520000
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated copper resource for the total Sulphide Porphyry at a 0.4% CuEq cut-off is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Significant Indicated resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 23

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

indicatedGilmore Project · goldTonnes: 23000000Grade: 0.5Grade Unit: g/tContained Metal: 1350000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:f015459547200ddc109c
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
23000000
Grade
0.5
Grade Unit
g/t
Contained Metal
1350000
Contained Unit
oz
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated gold resource for the total Sulphide Porphyry at a 0.4% CuEq cut-off is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Significant Indicated resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.5”

Context: 23

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

indicatedGilmore Project · molybdenumTonnes: 23000000Grade: 30Grade Unit: g/tContained Metal: 4100Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:f015459547200ddc109c
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
23000000
Grade
30
Grade Unit
g/t
Contained Metal
4100
Contained Unit
t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource for the total Sulphide Porphyry at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“30”

Context: 23

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

inferredGilmore Project · copperTonnes: 127700000Grade: 0.3Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4f5f547234335ba7c875
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
127700000
Grade
0.3
Grade Unit
%
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred copper resource for the total Sulphide Porphyry at a 0.4% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 127.7

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 127700000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4f5f547234335ba7c875
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
127700000
Grade
0.2
Grade Unit
g/t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred gold resource for the total Sulphide Porphyry at a 0.4% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.2”

Context: 127.7

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 127700000Grade: 27Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:4f5f547234335ba7c875
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
127700000
Grade
27
Grade Unit
g/t
Cutoff Grade
0.4
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource for the total Sulphide Porphyry at a 0.4% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“27”

Context: 127.7

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedGilmore Project · copperTonnes: 19000000Grade: 0.4Grade Unit: %Contained Metal: 310000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:1d4c9bc48da5297131db
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
19000000
Grade
0.4
Grade Unit
%
Contained Metal
310000
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated copper resource for the total Sulphide Porphyry at a 0.5% CuEq cut-off is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Significant Indicated resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 19

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

indicatedGilmore Project · goldTonnes: 19000000Grade: 0.6Grade Unit: g/tContained Metal: 910000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:1d4c9bc48da5297131db
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
19000000
Grade
0.6
Grade Unit
g/t
Contained Metal
910000
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated gold resource for the total Sulphide Porphyry at a 0.5% CuEq cut-off is a material component of the project, providing higher confidence, though it is not new information.

Positive factors

  • Significant Indicated resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.6”

Context: 19

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

indicatedGilmore Project · molybdenumTonnes: 19000000Grade: 30Grade Unit: g/tContained Metal: 2100Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:1d4c9bc48da5297131db
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
19000000
Grade
30
Grade Unit
g/t
Contained Metal
2100
Contained Unit
t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.8
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource for the total Sulphide Porphyry at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“30”

Context: 19

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

inferredGilmore Project · copperTonnes: 59400000Grade: 0.4Grade Unit: %View all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:6d08276b8310fb34d3fd
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
59400000
Grade
0.4
Grade Unit
%
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred copper resource for the total Sulphide Porphyry at a 0.5% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for copper at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.4”

Context: 59.4

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 59400000Grade: 0.3Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:6d08276b8310fb34d3fd
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
59400000
Grade
0.3
Grade Unit
g/t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred gold resource for the total Sulphide Porphyry at a 0.5% CuEq cut-off is a significant component of the project's overall scale, but its category and the age of the estimate limit its current impact.

Positive factors

  • Large Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.3”

Context: 59.4

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · molybdenumTonnes: 59400000Grade: 25Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:6d08276b8310fb34d3fd
Deposit or zone
TOTAL SULPHIDE PORPHYRY
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
59400000
Grade
25
Grade Unit
g/t
Cutoff Grade
0.5
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource for the total Sulphide Porphyry at a 0.5% CuEq cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“25”

Context: 59.4

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 35000000Grade: 0.8Grade Unit: g/tContained Metal: 840000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:349c89c7e0be80b8f4ba
Deposit or zone
GIDGINBUNG
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
35000000
Grade
0.8
Grade Unit
g/t
Contained Metal
840000
Contained Unit
oz
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The large Inferred gold resource at Gidginbung contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Large Inferred resource for gold
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.8”

Context: 35.0

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

inferredGilmore Project · molybdenumTonnes: 35000000Grade: 20Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:349c89c7e0be80b8f4ba
Deposit or zone
GIDGINBUNG
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
35000000
Grade
20
Grade Unit
g/t
Cutoff Grade
0.3
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Gidginbung provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“20”

Context: 35.0

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 26700000Grade: 0.9Grade Unit: g/tContained Metal: 750000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:9816c2279d537d1bc401
Deposit or zone
GIDGINBUNG
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
26700000
Grade
0.9
Grade Unit
g/t
Contained Metal
750000
Contained Unit
oz
Cutoff Grade
0.4
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Gidginbung at a 0.4 g/t Au cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“0.9”

Context: 26.7

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

inferredGilmore Project · molybdenumTonnes: 26700000Grade: 20Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:9816c2279d537d1bc401
Deposit or zone
GIDGINBUNG
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
26700000
Grade
20
Grade Unit
g/t
Cutoff Grade
0.4
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Gidginbung at a 0.4 g/t Au cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“20”

Context: 26.7

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredGilmore Project · goldTonnes: 20800000Grade: 1Grade Unit: g/tContained Metal: 670000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:97b829ebeaf4265d59df
Deposit or zone
GIDGINBUNG
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
20800000
Grade
1
Grade Unit
g/t
Contained Metal
670000
Contained Unit
oz
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred gold resource at Gidginbung at a 0.5 g/t Au cut-off contributes to the overall project scale but has lower geological confidence and is not new information.

Positive factors

  • Inferred resource for gold at a higher cut-off
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“1.0”

Context: 20.8

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 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

inferredGilmore Project · molybdenumTonnes: 20800000Grade: 10Grade Unit: g/tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:97b829ebeaf4265d59df
Deposit or zone
GIDGINBUNG
Mining method
open_pit
Material type
sulphide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
20800000
Grade
10
Grade Unit
g/t
Cutoff Grade
0.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Inferred molybdenum resource at Gidginbung at a 0.5 g/t Au cut-off provides a byproduct credit, but its contribution to overall project value is secondary and has lower confidence.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Resource is entirely in the Inferred category
  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“10”

Context: 20.8

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 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedGilmore Project · copperTonnes: 46800000Contained Metal: 1180000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
copper
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:7c8e43611dd4cc557f2a
Deposit or zone
TOTAL GLOBAL MRE
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
46800000
Contained Metal
1180000
Contained Unit
t

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated copper resource contributes materially to the project, providing higher confidence, though it is not new information and shows a minor decrease from prior estimates.

Positive factors

  • Large Indicated resource for copper
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old
  • Slight decrease in contained copper compared to prior estimate

Evidence · table

“1,180”

Context: 46.8

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

indicatedGilmore Project · goldTonnes: 46800000Contained Metal: 3660000Contained Unit: ozView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
gold
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:7c8e43611dd4cc557f2a
Deposit or zone
TOTAL GLOBAL MRE
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
46800000
Contained Metal
3660000
Contained Unit
oz

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The significant Indicated gold resource contributes materially to the project, providing higher confidence, though it is not new information and shows a minor decrease from prior estimates.

Positive factors

  • Large Indicated resource for gold
  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old
  • Slight decrease in contained gold compared to prior estimate

Evidence · table

“3,660”

Context: 46.8

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

indicatedGilmore Project · molybdenumTonnes: 46800000Contained Metal: 15000Contained Unit: tView all details
Link to this fact

Identity

Project
Gilmore Project
Commodity
molybdenum
Ticker
LNQ

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Mr. Scott Munro, Mr. Arnold van der Heyden
Resource group id
resource:7c8e43611dd4cc557f2a
Deposit or zone
TOTAL GLOBAL MRE
Mining method
open_pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
46800000
Contained Metal
15000
Contained Unit
t

Prior Estimate

Resource Date
2024-12-31

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-12T00:00:00.000Z

Reasoning: The Indicated molybdenum resource provides a byproduct credit, but its contribution to overall project value is secondary.

Positive factors

  • Resource is JORC compliant and QP signed
  • Metal equivalent assumptions are disclosed

Negative factors

  • Estimate is a re-presentation of previously released data
  • Effective date is over two years old

Evidence · table

“15,000”

Context: 46.8

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

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.