LSR: Lodestar Delivers Significant Resource at Ned's Creek Gold
Original announcement by asx on
- Company
- Lodestar Minerals Limited
- Ticker
- LSR
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Metallurgy
- Extracted
- 2026-10-21 23:14:03 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lodestar Minerals has announced a maiden Inferred Mineral Resource Estimate for its Ned’s Creek Gold Project in Western Australia, totaling 5.9 million tonnes at 1.16 g/t Au for 221,000 ounces of gold. The resource is entirely classified as Inferred, indicating early-stage confidence, but remains open along strike and at depth with plans for further drilling. Historical metallurgical testwork on limited samples showed encouraging gold recoveries of over 90% via cyanide leaching.
Reasoning: Lodestar Minerals announced a maiden Inferred Mineral Resource Estimate for its Ned’s Creek Gold Project, establishing a resource base in a prime gold-producing region. While the resource is entirely Inferred and relies on assumed bulk densities, it is JORC compliant and QP signed, with encouraging historical metallurgy and significant upside potential along strike and at depth.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
- Open at strike and depth
- Good historical metallurgy
- Located in established gold-producing region with nearby infrastructure
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
- Limited and historical metallurgical testwork
- No multi-element analysis for resource
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 24
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The announcement explicitly states 'Maiden Mineral Resource Estimate (MRE)'.
Evidence · text
“Maiden Mineral Resource Estimate (MRE)”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The resource is classified entirely as Inferred, indicating a low level of geological confidence.
Evidence · text
“classified entirely as Inferred under 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 Mineral Resource Estimate is based on information compiled and assessed by Mr Allan Ignacio, a Member of the Australian Institute of Mining and Metallurgy (MAusIMM) and the Australian Institute of Geoscientists (MAIG).
Evidence · text
“The information in this announcement that relates to the Mineral Resource Estimate for the Ned’s Creek Gold Project is based on information compiled and assessed by Mr Allan Ignacio, a Member of the Australian Institute of Mining and Metallurgy (MAusIMM, Membership No. 229530) and the Australian Institute of Geoscientists (MAIG, Membership No. 6431).”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is reported in accordance with the JORC Code (2012 Edition).
Evidence · text
“reported under the JORC Code (2012 Edition).”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource is reported at a cut-off grade (COG) of 0.5 g/t Au.
Evidence · text
“reported at a cut-off grade (COG) of 0.5 g/t Au”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: Metallurgical testwork was described as 'Laboratory-scale cyanide leach tests'.
Evidence · text
“Laboratory-scale cyanide leach tests achieved gold extractions of approximately 90.9% and 92.4%, respectively, over 48 hours.”
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: Metallurgical testwork was based on a 'limited number of samples and should not be considered representative of the entire Mineral Resource'.
Evidence · text
“However, the results are based on a limited number of samples and should not be considered representative of the entire Mineral Resource.”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Historical metallurgical testwork showed gold extractions of approximately 90.9% and 92.4%, which is high for gold cyanide leaching.
Evidence · text
“gold extractions of approximately 90.9% and 92.4%”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The document mentions 'conventional cyanide leaching processes'.
Evidence · text
“amenable to conventional cyanide leaching processes”
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: The document mentions 'Additional gravity concentration followed by cyanide leaching'.
Evidence · text
“Additional gravity concentration followed by cyanide leaching”
Extracted facts
Stored fact records: 24. Some facts used in scoring do not have a stored record.
Resource Estimates (20)
inferredNed's Creek Gold Project · goldTonnes: 5903000Grade: 1.16Grade Unit: g/tContained Metal: 221000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:b268868d3a05d8225b3a
- Deposit or zone
- Ned’s Creek Gold Project
- Mining method
- open_pit
- Material type
- mixed
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5903000
- Grade
- 1.16
- Grade Unit
- g/t
- Contained Metal
- 221000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: This is the maiden Inferred Mineral Resource Estimate for the entire project, establishing a baseline for future development, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
- Open at strike and depth
- Located in established gold-producing region with nearby infrastructure
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
- No multi-element analysis for resource
Evidence · table
“1.16”
Context: 5,903,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 1550000Grade: 1.16Grade Unit: g/tContained Metal: 58000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:a72deb2b75904accc33a
- Deposit or zone
- Ned’s Creek Gold Project
- Mining method
- open_pit
- Material type
- Oxides
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1550000
- Grade
- 1.16
- Grade Unit
- g/t
- Contained Metal
- 58000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: This represents the oxide component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
- Amenable to open-pit mining
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.16”
Context: 1,550,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 1211000Grade: 1.17Grade Unit: g/tContained Metal: 46000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:5790e3ff777dc64fdc0b
- Deposit or zone
- Ned’s Creek Gold Project
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1211000
- Grade
- 1.17
- Grade Unit
- g/t
- Contained Metal
- 46000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: This represents the transitional component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
- Amenable to open-pit mining
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.17”
Context: 1,211,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 2761000Grade: 1.17Grade Unit: g/tContained Metal: 103000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:62843eddff4fcc25422a
- Deposit or zone
- Ned’s Creek Gold Project
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2761000
- Grade
- 1.17
- Grade Unit
- g/t
- Contained Metal
- 103000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: This represents the combined oxide and transitional component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
- Amenable to open-pit mining
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.17”
Context: 2,761,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 3142000Grade: 1.16Grade Unit: g/tContained Metal: 117000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:8fa07d5c208655198930
- Deposit or zone
- Ned’s Creek Gold Project
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3142000
- Grade
- 1.16
- Grade Unit
- g/t
- Contained Metal
- 117000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: This represents the fresh material component of the maiden Inferred MRE, which is typically amenable to open-pit mining, but shares the same early-stage confidence limitations as the overall resource.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
- Amenable to open-pit mining
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.16”
Context: 3,142,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 1921000Grade: 1.12Grade Unit: g/tContained Metal: 69000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:073c19a3d138187fb9d8
- Deposit or zone
- Contessa
- Mining method
- open_pit
- Material type
- mixed
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1921000
- Grade
- 1.12
- Grade Unit
- g/t
- Contained Metal
- 69000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Contessa deposit contributes significantly to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.12”
Context: 1,921,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 506000Grade: 1.15Grade Unit: g/tContained Metal: 19000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:b5bc413d7b3f4836d0a3
- Deposit or zone
- Contessa
- Mining method
- open_pit
- Material type
- Oxides
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 506000
- Grade
- 1.15
- Grade Unit
- g/t
- Contained Metal
- 19000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The oxide component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.15”
Context: 506,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 456000Grade: 1.56Grade Unit: g/tContained Metal: 23000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:c003341b7f207252fefb
- Deposit or zone
- Contessa
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 456000
- Grade
- 1.56
- Grade Unit
- g/t
- Contained Metal
- 23000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The transitional component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.56”
Context: 456,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 962000Grade: 1.35Grade Unit: g/tContained Metal: 42000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:1039d839ccecf26d3ed1
- Deposit or zone
- Contessa
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 962000
- Grade
- 1.35
- Grade Unit
- g/t
- Contained Metal
- 42000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The combined oxide and transitional component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.35”
Context: 962,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 960000Grade: 0.9Grade Unit: g/tContained Metal: 28000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:dc9b12ab08f25787d2dc
- Deposit or zone
- Contessa
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 960000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 28000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The fresh material component of the Contessa deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“0.90”
Context: 960,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 711000Grade: 1.14Grade Unit: g/tContained Metal: 26000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:d19631107c716539ed63
- Deposit or zone
- Central Park
- Mining method
- open_pit
- Material type
- mixed
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 711000
- Grade
- 1.14
- Grade Unit
- g/t
- Contained Metal
- 26000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.14”
Context: 711,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 629000Grade: 1.18Grade Unit: g/tContained Metal: 24000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:2551e15edd54d50fb74a
- Deposit or zone
- Central Park
- Mining method
- open_pit
- Material type
- Oxides
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 629000
- Grade
- 1.18
- Grade Unit
- g/t
- Contained Metal
- 24000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The oxide component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.18”
Context: 629,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 43000Grade: 1.14Grade Unit: g/tContained Metal: 2000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:082351d85d41c6847baf
- Deposit or zone
- Central Park
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 43000
- Grade
- 1.14
- Grade Unit
- g/t
- Contained Metal
- 2000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The transitional component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.14”
Context: 43,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 672000Grade: 1.17Grade Unit: g/tContained Metal: 25000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:1fc84be234b0bbc32e51
- Deposit or zone
- Central Park
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 672000
- Grade
- 1.17
- Grade Unit
- g/t
- Contained Metal
- 25000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The combined oxide and transitional component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.17”
Context: 672,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 38000Grade: 0.61Grade Unit: g/tContained Metal: 1000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:6c01c4716c05f2db601b
- Deposit or zone
- Central Park
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 38000
- Grade
- 0.61
- Grade Unit
- g/t
- Contained Metal
- 1000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The fresh material component of the Central Park deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“0.61”
Context: 38,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 3270000Grade: 1.19Grade Unit: g/tContained Metal: 125000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:18a37c0994516d03fa64
- Deposit or zone
- Gidgee Flat
- Mining method
- open_pit
- Material type
- mixed
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 3270000
- Grade
- 1.19
- Grade Unit
- g/t
- Contained Metal
- 125000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The Gidgee Flat deposit is the largest contributor to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.19”
Context: 3,270,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 415000Grade: 1.14Grade Unit: g/tContained Metal: 15000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:cb83d2b1168fa5e7b06f
- Deposit or zone
- Gidgee Flat
- Mining method
- open_pit
- Material type
- Oxides
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 415000
- Grade
- 1.14
- Grade Unit
- g/t
- Contained Metal
- 15000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The oxide component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.14”
Context: 415,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 712000Grade: 0.93Grade Unit: g/tContained Metal: 21000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:21ab679fa013bdd72064
- Deposit or zone
- Gidgee Flat
- Mining method
- open_pit
- Material type
- transitional
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 712000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 21000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The transitional component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“0.93”
Context: 712,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 1127000Grade: 1.01Grade Unit: g/tContained Metal: 36000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:62ae6a21b7628f766b52
- Deposit or zone
- Gidgee Flat
- Mining method
- open_pit
- Material type
- oxide
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1127000
- Grade
- 1.01
- Grade Unit
- g/t
- Contained Metal
- 36000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The combined oxide and transitional component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.01”
Context: 1,127,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredNed's Creek Gold Project · goldTonnes: 2144000Grade: 1.29Grade Unit: g/tContained Metal: 89000Contained Unit: ozView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Resource scope
- Estimate type
- resource
- Effective date
- 2026-10-20T00:00:00.000Z
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Allan Ignacio
- Resource group id
- resource:7e65bb0ab11153d64d27
- Deposit or zone
- Gidgee Flat
- Mining method
- open_pit
- Material type
- fresh
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2144000
- Grade
- 1.29
- Grade Unit
- g/t
- Contained Metal
- 89000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-20
Lab
- Laboratory
- SGS Laboratories and Intertek Laboratories
Location
- Loc. Confidence
- medium
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: The fresh material component of the Gidgee Flat deposit contributes to the maiden Inferred MRE, but its early-stage nature and reliance on assumed parameters limit confidence.
Positive factors
- Maiden MRE
- JORC Compliant
- QP/CP Signed
Negative factors
- Entirely Inferred resource
- Assumed bulk densities
Evidence · table
“1.29”
Context: 2,144,000
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
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Metallurgical Results (4)
cyanide leachNed's Creek Gold Project · goldRecovery: 90.9 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Test Work
- Program Status
- preliminary
- Test Type
- cyanide leach
- Processing Route
- cyanide leaching
- Sample
- two samples from the Gidgee Flat prospect (LNRC033 and LNRC039)
- Leach Time
- 48 hours
Recovery
- Recovery
- 90.9 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Bureau Veritas Minerals
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Historical laboratory-scale cyanide leach tests on Gidgee Flat samples showed high gold recovery, suggesting amenability to conventional processing, but the limited scope and historical nature reduce its current relevance and confidence.
Positive factors
- High Recovery
- Mill Route
Negative factors
- Bench Scale Only
- Single Domain Only
- Limited and historical metallurgical testwork
Evidence · text
“Laboratory-scale cyanide leach tests achieved gold extractions of approximately 90.9% and 92.4%, respectively, over 48 hours.”
cyanide leachNed's Creek Gold Project · goldRecovery: 92.4 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Test Work
- Program Status
- preliminary
- Test Type
- cyanide leach
- Processing Route
- cyanide leaching
- Sample
- two samples from the Gidgee Flat prospect (LNRC033 and LNRC039)
- Leach Time
- 48 hours
Recovery
- Recovery
- 92.4 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Bureau Veritas Minerals
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Historical laboratory-scale cyanide leach tests on Gidgee Flat samples showed high gold recovery, suggesting amenability to conventional processing, but the limited scope and historical nature reduce its current relevance and confidence.
Positive factors
- High Recovery
- Mill Route
Negative factors
- Bench Scale Only
- Single Domain Only
- Limited and historical metallurgical testwork
Evidence · text
“Laboratory-scale cyanide leach tests achieved gold extractions of approximately 90.9% and 92.4%, respectively, over 48 hours.”
gravityNed's Creek Gold Project · goldRecovery: 90.9 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration followed by cyanide leaching
- Sample
- two samples from the Gidgee Flat prospect (LNRC033 and LNRC039)
Recovery
- Recovery
- 90.9 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Bureau Veritas Minerals
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Historical metallurgical testwork combining gravity concentration and cyanide leaching on Gidgee Flat samples showed high overall gold recovery, but the limited scope and historical nature reduce its current relevance and confidence.
Positive factors
- High Recovery
- Gravity Route
- Mill Route
Negative factors
- Bench Scale Only
- Single Domain Only
- Limited and historical metallurgical testwork
Evidence · text
“Additional gravity concentration followed by cyanide leaching achieved overall gold extractions of approximately 90.9% and 91.8%, respectively.”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
gravityNed's Creek Gold Project · goldRecovery: 91.8 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ned's Creek Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- LSR
Test Work
- Program Status
- preliminary
- Test Type
- gravity
- Processing Route
- gravity concentration followed by cyanide leaching
- Sample
- two samples from the Gidgee Flat prospect (LNRC033 and LNRC039)
Recovery
- Recovery
- 91.8 %
- Recovery Basis
- actual_test
Lab
- Laboratory
- Bureau Veritas Minerals
Location
- Loc. Confidence
- medium
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2018-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-21T00:00:00.000Z
Reasoning: Historical metallurgical testwork combining gravity concentration and cyanide leaching on Gidgee Flat samples showed high overall gold recovery, but the limited scope and historical nature reduce its current relevance and confidence.
Positive factors
- High Recovery
- Gravity Route
- Mill Route
Negative factors
- Bench Scale Only
- Single Domain Only
- Limited and historical metallurgical testwork
Evidence · text
“Additional gravity concentration followed by cyanide leaching achieved overall gold extractions of approximately 90.9% and 91.8%, respectively.”
Tags used in scoring
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: processing_route matches the gravity signal
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.