LRM: Annual Report - Financial Year Ended 30 June 2026
Original announcement by asx on
- Company
- Lion Rock Minerals Limited
- Ticker
- LRM
- Exchange
- ASX
- Region
- Cameroon
- Primary commodity
- Rutile
- Secondary commodities
- Rare earth elements, Kaolin
- Document categories
- Resource update, Drill results, Metallurgy
- Extracted
- 2026-09-24 10:13:54 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lion Rock Minerals Limited announced high-grade rutile and rare earth element drill results from its Minta Project in Cameroon, with peak rutile grades up to 72.7% HM and 3.32% in-situ rutile, and REE intercepts up to 4.54% TREO including a bonanza 21.15% TREO sub-interval. The company also confirmed high-quality rutile and monazite concentrates and completed strategic capital raises totaling $14.1 million. While the Yendon Kaolin Project's kaolin resource remains unchanged, the new discoveries and strengthened financial position significantly advance the Minta Project as a critical minerals asset, though the auditor noted a going concern uncertainty.
Reasoning: Lion Rock Minerals Limited reported significant high-grade rutile and rare earth element drill results from its Minta Project in Cameroon, including a new monazite-hosted REE discovery with bonanza grades, supported by strategic capital raises and new leadership, positioning the project as a significant critical minerals asset despite an unchanged kaolin resource and going concern warning.
Positive factors
- High-grade rutile drill intercepts reported from multiple discoveries at Minta Project.
- Discovery of high-grade monazite-hosted rare earth elements (TREO) at Minta Est, including a bonanza sub-interval.
- Confirmation of high quality natural rutile and monazite concentrates through independent laboratory analysis.
- Strategic capital raises totaling $14.1 million and new experienced leadership team appointed.
- JORC compliant resource estimate for Yendon Kaolin Project.
Negative factors
- The Yendon Kaolin Project resource estimate is unchanged from the prior year, indicating no new progress.
- Uranium projects are historical and unverified, requiring confirmation drilling.
- Auditor's report highlights a material uncertainty regarding the company's ability to continue as a going concern.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 40
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The drill intercept of 0.3m at 21.15% TREO is exceptionally high-grade for rare earth elements.
Evidence · text
“0.3m at 21.15% TREO”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The rare earth element drill intercepts are given as downhole lengths (e.g., 3.0m, 2.0m, 2.3m, 0.3m) without any mention of true width or drill orientation.
Evidence · text
“In-situ drill hole results, open at depth, include 3.40% TREO over 3.0m, 3.49% TREO over 2.0m, and 4.54% TREO over 2.3m (including 0.3m at 21.15% TREO).”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document mentions 'accredited independent laboratory' and 'Competent Person review' for assay results and resource estimates.
Evidence · text
“a second accredited independent laboratory subsequently confirmed natural rutile nuggets containing more than 98% TiO2”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The rutile mineralization is described as 'open along strike and at depth', indicating successful extension beyond known limits.
Evidence · text
“mineralisation remaining open along strike and at depth”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Mineral Resource Estimate for the Yendon Kaolin Project is reported in accordance with the JORC Code (2012 Edition).
Evidence · text
“Lion Rock Minerals Limited reports its Mineral Resources in accordance with the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code) (2012 Edition).”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The document states that 'Competent Persons named by the Company qualify as Competent Persons as defined in the JORC Code' for the resource estimate.
Evidence · text
“Competent Persons named by the Company qualify as Competent Persons as defined in the JORC Code.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The effective date for the Yendon Kaolin Project Mineral Resource Estimate is February 2018, which is more than two years old.
Evidence · text
“Mineral Resources as at 30 June 2026 (estimated in February 2018)”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Rutile nuggets returned up to 98.6% TiO2, which is an exceptionally high concentrate grade for titanium dioxide.
Evidence · text
“Coarse rutile nuggets returned up to 98.6% TiO2”
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: The 'In situ Concentrate Mass Rec' for the Yendon Kaolin Project is part of a resource estimate and not explicitly stated as derived from actual metallurgical testwork.
Evidence · table
“0.75”
Context: 1.73
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 3 distinct composites were tested
Extracted facts
Stored fact records: 40. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Minta · rutileGrade: 72.7Grade Unit: %Needs review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Minta
- Commodity
- rutile
- Region
- cameroon
- Reported Region
- cameroon
- Ticker
- LRM
Geometry
- Grade
- 72.7
- Grade Unit
- %
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A peak rutile-in-HM grade of 72.7% is an excellent result, suggesting high-quality heavy mineral sands.
Positive factors
- Very high rutile content in heavy mineral concentrate.
- Indicates strong potential for economic rutile recovery.
Evidence · text
“peak grades up to 72.7% HM and 3.32% in-situ rutile”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2Minta Est · rare earth elementsGrade: 21.15Grade Unit: %Intercept: 0.3 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Minta Est
- Commodity
- rare earth elements
- Region
- cameroon
- Reported Region
- cameroon
- Ticker
- LRM
Geometry
- Grade
- 21.15
- Grade Unit
- %
- Intercept
- 0.3 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A 0.3m intercept at 21.15% TREO is an exceptionally high-grade result, suggesting bonanza-grade rare earth mineralization within the broader intercept.
Positive factors
- Bonanza grade TREO sub-interval, indicating extremely high-grade mineralization.
- Part of a new rare earth discovery with significant potential.
Negative factors
- No hole ID provided for specific intercept.
- Short intercept length.
Evidence · text
“0.3m at 21.15% TREO”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (19)
measuredYendon Kaolin Project · aluminium oxideTonnes: 1730000Grade: 35.08Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- aluminium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 35.08
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for aluminium oxide is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“35.08”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin Project · calcium oxideTonnes: 1730000Grade: 0.08Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- calcium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 0.08
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for calcium oxide is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.08”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin Project · iron_oreTonnes: 1730000Grade: 0.79Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- iron_ore
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 0.79
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for iron is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.79”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin Project · potassium oxideTonnes: 1730000Grade: 0.19Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- potassium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 0.19
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for potassium oxide is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.19”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin Project · magnesium oxideTonnes: 1730000Grade: 0.09Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- magnesium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 0.09
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for magnesium oxide is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.09”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin Project · sodium oxideTonnes: 1730000Grade: 0.16Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- sodium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 0.16
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for sodium oxide is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.16”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin Project · silicon dioxideTonnes: 1730000Grade: 47.84Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- silicon dioxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 47.84
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for silicon dioxide is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“47.84”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin Project · titanium dioxideTonnes: 1730000Grade: 1.13Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- titanium dioxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:db3272b0c50e7fd12b9b
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 1.13
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for titanium dioxide is high confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“1.13”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · aluminium oxideTonnes: 1950000Grade: 34.33Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- aluminium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 34.33
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for aluminium oxide is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“34.33”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · calcium oxideTonnes: 1950000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- calcium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 0.07
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for calcium oxide is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.07”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · iron_oreTonnes: 1950000Grade: 0.85Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- iron_ore
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 0.85
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for iron is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.85”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · potassium oxideTonnes: 1950000Grade: 0.25Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- potassium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 0.25
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for potassium oxide is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.25”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · magnesium oxideTonnes: 1950000Grade: 0.1Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- magnesium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 0.1
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for magnesium oxide is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.10”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · sodium oxideTonnes: 1950000Grade: 0.17Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- sodium oxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 0.17
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for sodium oxide is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.17”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · silicon dioxideTonnes: 1950000Grade: 48.94Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- silicon dioxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 48.94
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for silicon dioxide is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“48.94”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin Project · titanium dioxideTonnes: 1950000Grade: 1.12Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- titanium dioxide
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c4f957d81c0cf7227fbf
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 1.12
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for titanium dioxide is reasonable confidence but stale and unchanged, limiting its current impact.
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“1.12”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
measuredYendon Kaolin · iron_oreTonnes: 1730000Grade: 0.08Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin
- Commodity
- iron_ore
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:9721452a288f0646ba6f
Resource Data
- Category
- measured
- Tonnes
- 1730000
- Grade
- 0.08
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Measured resource for aluminium oxide is high confidence but stale and unchanged, limiting its current impact. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Resource is in the Measured category, indicating high confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.08”
Context: 1.73
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin · iron_oreTonnes: 1950000Grade: 0.07Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin
- Commodity
- iron_ore
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:c399e13c29f23fb65147
Resource Data
- Category
- indicated
- Tonnes
- 1950000
- Grade
- 0.07
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for aluminium oxide is reasonable confidence but stale and unchanged, limiting its current impact. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.07”
Context: 1.95
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
indicatedYendon Kaolin · iron_oreTonnes: 3680000Grade: 0.08Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin
- Commodity
- iron_ore
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:5cf3059a1f045f14a487
Resource Data
- Category
- indicated
- Tonnes
- 3680000
- Grade
- 0.08
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2018-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Indicated resource for aluminium oxide is reasonable confidence but stale and unchanged, limiting its current impact. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Resource is in the Indicated category, indicating reasonable confidence.
- JORC compliant and QP signed.
Negative factors
- Estimate is stale (effective date 2018).
- No change from prior year, indicating no new progress.
Evidence · table
“0.08”
Context: 3.68
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 8.6 years before this release
Metallurgical Results (19)
chemical analysisMinta Project · titanium dioxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- titanium dioxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 97.4
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: An average TiO2 content of 97.4% for Minta rutile is very strong, confirming its suitability for key industrial applications.
Positive factors
- High average TiO2 content in rutile.
- Confirms market applicability for chloride pigment, titanium metal sponge and welding.
Evidence · table
“97.4”
Context: Minta average quality
chemical analysisMinta Project · iron_oreView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- iron_ore
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 1
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low iron oxide content is favorable for rutile quality, reducing potential penalties.
Positive factors
- Low iron content in rutile concentrate.
Evidence · table
“1.0”
Context: Minta average quality
chemical analysisMinta Project · aluminium oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- aluminium oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.18
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low aluminium oxide content is favorable for rutile quality.
Positive factors
- Low aluminium content in rutile concentrate.
Evidence · table
“0.18”
Context: Minta average quality
chemical analysisMinta Project · calcium oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- calcium oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.01
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Very low calcium oxide content is favorable for rutile quality.
Positive factors
- Very low calcium content in rutile concentrate.
Evidence · table
“<0.01”
Context: Minta average quality
chemical analysisMinta Project · chromiumView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- chromium
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.08
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low chromium oxide content is favorable for rutile quality.
Positive factors
- Low chromium content in rutile concentrate.
Evidence · table
“0.08”
Context: Minta average quality
chemical analysisMinta Project · magnesium oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- magnesium oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.01
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Very low magnesium oxide content is favorable for rutile quality.
Positive factors
- Very low magnesium content in rutile concentrate.
Evidence · table
“<0.01”
Context: Minta average quality
chemical analysisMinta Project · manganese oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- manganese oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.003
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Very low manganese oxide content is favorable for rutile quality.
Positive factors
- Very low manganese content in rutile concentrate.
Evidence · table
“0.003”
Context: Minta average quality
chemical analysisMinta Project · niobium oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- niobium oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.23
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low niobium oxide content is favorable for rutile quality.
Positive factors
- Low niobium content in rutile concentrate.
Evidence · table
“0.23”
Context: Minta average quality
chemical analysisMinta Project · phosphorus oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- phosphorus oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.01
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Very low phosphorus oxide content is favorable for rutile quality.
Positive factors
- Very low phosphorus content in rutile concentrate.
Evidence · table
“<0.01”
Context: Minta average quality
chemical analysisMinta Project · silicon dioxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- silicon dioxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.5
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low silicon dioxide content is favorable for rutile quality.
Positive factors
- Low silicon content in rutile concentrate.
Evidence · table
“0.5”
Context: Minta average quality
chemical analysisMinta Project · vanadium oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- vanadium oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.27
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low vanadium oxide content is favorable for rutile quality.
Positive factors
- Low vanadium content in rutile concentrate.
Evidence · table
“0.27”
Context: Minta average quality
chemical analysisMinta Project · zirconium oxideView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- zirconium oxide
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.02
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Very low zirconium oxide content is favorable for rutile quality.
Positive factors
- Very low zirconium content in rutile concentrate.
Evidence · table
“0.02”
Context: Minta average quality
chemical analysisMinta Project · sulfurView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- sulfur
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.01
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Very low sulfur trioxide content is favorable for rutile quality.
Positive factors
- Very low sulfur content in rutile concentrate.
Evidence · table
“<0.01”
Context: Minta average quality
chemical analysisMinta Project · tinView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- tin
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 0.013
- Conc. Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low tin oxide content is favorable for rutile quality.
Positive factors
- Low tin content in rutile concentrate.
Evidence · table
“0.013”
Context: Minta average quality
chemical analysisMinta Project · uraniumView all detailsHide details
Identity
- Project
- Minta Project
- Commodity
- uranium
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- chemical analysis
- Sample
- Minta average quality rutile
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 50
- Conc. Grade Unit
- ppm
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Low uranium content is favorable for rutile quality, reducing potential penalties.
Positive factors
- Low uranium content in rutile concentrate.
Evidence · table
“<50”
Context: Minta average quality
mineralogical analysisMinta Est · monaziteHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Minta Est
- Commodity
- monazite
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- mineralogical analysis
- Sample
- Historical Minta Est concentrates
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 74
- Conc. Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A monazite assemblage of up to 74% in historical concentrates is a very strong indicator for rare earth potential, though it is historical data.
Positive factors
- High monazite assemblage in historical concentrates.
- Indicates strong potential for rare earth recovery.
Negative factors
- Data is historical, not from current testwork.
Evidence · text
“monazite assemblages up to approximately 74%”
mineralogical analysisMinta Est · neodymium praseodymiumHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Minta Est
- Commodity
- neodymium praseodymium
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- mineralogical analysis
- Sample
- Historical Minta Est concentrates
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 22.5
- Conc. Grade Unit
- % of TREO
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A NdPr distribution of up to 22.5% of TREO is very positive, as NdPr are highly sought-after magnet rare earths.
Positive factors
- High NdPr distribution, which is critical for magnet rare earths.
- Indicates a favorable basket composition.
Negative factors
- Data is historical, not from current testwork.
Evidence · text
“NdPr up to 22.5%”
mineralogical analysisMinta Est · dysprosium terbiumHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Minta Est
- Commodity
- dysprosium terbium
- Region
- cameroon
- Reported Region
- Cameroon
- Ticker
- LRM
Test Work
- Test Type
- mineralogical analysis
- Sample
- Historical Minta Est concentrates
Recovery
- Recovery Basis
- actual_test
- Conc. Grade
- 2.7
- Conc. Grade Unit
- % of TREO
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A DyTb distribution of up to 2.7% of TREO is very positive, as DyTb are critical for high-temperature magnet performance.
Positive factors
- High DyTb distribution, which are strategically important heavy rare earths.
- Indicates a favorable basket composition.
Negative factors
- Data is historical, not from current testwork.
Evidence · text
“DyTb up to 2.7% of TREO”
resource estimate calculationYendon Kaolin Project · kaolinRecovery: 84 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Yendon Kaolin Project
- Commodity
- kaolin
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- LRM
Test Work
- Test Type
- resource estimate calculation
- Sample
- Indicated category
Recovery
- Recovery
- 84 %
- Recovery Basis
- theoretical
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-02-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The theoretical kaolin concentrate mass recovery for the Indicated category is noted, but it is historical and not based on actual testwork.
Positive factors
- Recovery is part of an Indicated resource, indicating reasonable confidence in the estimate.
Negative factors
- Recovery is theoretical, not from actual testwork.
- Estimate is stale (effective date 2018).
Evidence · table
“0.84”
Context: 1.95
Tags used in scoring
Theoretical Recovery Onlynegative
Only theoretical or liberation-derived recovery reported, with no actual test result.
Why it applies: recovery_basis is theoretical
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.