MAT: Full Year Statutory Accounts
Original announcement by asx on
- Company
- MATSA RESOURCES LIMITED
- Ticker
- MAT
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Lithium, Rare earths, Copper
- Document categories
- Other, Drill results, Resource update
- Extracted
- 2026-10-16 08:17:08 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Matsa Resources Limited's annual report for the year ended June 30, 2026, highlights mixed operational and financial performance. The company reported promising gold drill intercepts from Fortitude North and provided updated resource and reserve estimates for its Lake Carey Gold Project. Significant corporate activity included payments received from AngloGold Ashanti under an option agreement and the securing of a debt facility, though the Devon Pit Gold Mine experienced lower-than-expected production and operational disputes, contributing to a substantial net loss and going concern uncertainty.
Reasoning: The annual report presents a mixed picture with positive exploration and corporate developments (AngloGold option, drill results) offset by operational challenges at Devon Pit and a substantial financial loss, leading to going concern disclosures.
Positive factors
- Strong drill intercepts reported from Fortitude North, indicating potential for resource growth.
- Significant option agreement with AngloGold Ashanti provides funding and validates project potential.
- Overall resource growth in contained gold ounces and tonnage for the Lake Carey Gold Project.
- Ongoing exploration programs aimed at increasing gold resources.
Negative factors
- Devon Pit Gold Mine experienced below-expected gold production and operational issues with its mining contractor.
- The company reported a substantial net loss for the year.
- Going concern uncertainty is highlighted in the Directors' Report due to operational challenges and financial position.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 37
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document includes a Competent Person Statement by Pascal Blampain, who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists, signing off on exploration results, mineral resources, and ore reserves.
Evidence · text
“The information in this report that relates to Exploration results, Mineral Resources, Ore Reserves or Feasibility Studies is based on information and compiled by Pascal Blampain, who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists.”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: All reported drill intercepts are given as downhole lengths (e.g., '12.8m @ 2.43g/t Au') with no mention of true width or drill orientation relative to mineralization.
Evidence · text
“12.8m @ 2.43g/t Au from 128.4m (26FNDD013)”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 2.3m @ 17.37g/t Au from 115.85m in hole 26HEDD001 significantly exceeds the exceptional threshold for gold (5 g/t) and is considered bonanza grade.
Evidence · text
“2.3m @ 17.37g/t Au from 115.85m (26HEDD001)”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The Lake Carey Gold Resource Table includes 'Measured' category resources for Red October UG (105 kt @ 8.4 g/t Au), Devon Pit (OP) (149 kt @ 4.0 g/t Au), and Fortitude (127 kt @ 2.2 g/t Au).
Evidence · table
“Measured”
Context: Category
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Lake Carey Gold Resource Table includes 'Indicated' category resources for Red October UG (608 kt @ 5.4 g/t Au), Devon Pit (OP) (180 kt @ 3.7 g/t Au), Fortitude (2,979 kt @ 1.9 g/t Au), and Bindah (OP) (43 kt @ 3.3 g/t Au).
Evidence · table
“Indicated”
Context: Category
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: A significant portion of the Lake Carey Gold Resource is classified as 'Inferred', including Red October UG (635 kt), Devon Pit (OP) (46 kt), Olympic (OP) (171 kt), Hill East (OP) (748 kt), Fortitude (4,943 kt), Gallant (OP) (341 kt), and Bindah (OP) (483 kt).
Evidence · table
“Inferred”
Context: Category
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 Competent Person Statement on page 19 confirms that Pascal Blampain, a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists, is responsible for the Mineral Resources and Ore Reserves.
Evidence · text
“The information in this report that relates to Exploration results, Mineral Resources, Ore Reserves or Feasibility Studies is based on information and compiled by Pascal Blampain, who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents updated Mineral Resource and Ore Reserve tables for the Lake Carey Gold Project as of 30 June 2026, reflecting changes from prior estimates.
Evidence · text
“Table 2: Lake Carey Gold Resource Table (resources include reserves, refer Resources and Reserves Table for formal 30 June statement).”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The total Lake Carey Resource increased from 861koz (mentioned on page 10) to 904koz (reported on page 19), representing a growth of 43koz.
Evidence · text
“Lake Carey hosts 861koz in Resource”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The total Lake Carey Resource tonnage increased from an implied ~10.3Mt (from 861koz @ 2.6g/t) to 11.6Mt (reported on page 19).
Evidence · text
“The Lake Carey Resource now stands at 11.6Mt @ 2.4g/t for 904koz”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The average grade of the total Lake Carey Resource decreased from an implied 2.6g/t (from 861koz) to 2.4g/t (reported on page 19).
Evidence · text
“The Lake Carey Resource now stands at 11.6Mt @ 2.4g/t for 904koz”
Extracted facts
Stored fact records: 37. Some facts used in scoring do not have a stored record.
Drill Results (21)
26FNDD013Lake Carey · goldGrade: 2.43Grade Unit: g/tIntercept: 12.8 mView all detailsHide details
Identity
- Hole ID
- 26FNDD013
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 2.43
- Grade Unit
- g/t
- Intercept
- 12.8 m
- From
- 128.4 m
- To
- 141.2 m
- Intercept Depth
- 128.4 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD013:128.4-141.2
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This intercept provides a moderate gold grade over a reasonable width, contributing positively to exploration results.
Positive factors
- Moderate gold grade for the reported width.
Negative factors
- True width not disclosed.
Evidence · text
“12.8m @ 2.43g/t Au from 128.4m (26FNDD013)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD014Lake Carey · goldGrade: 2.95Grade Unit: g/tIntercept: 5 mView all detailsHide details
Identity
- Hole ID
- 26FNDD014
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 2.95
- Grade Unit
- g/t
- Intercept
- 5 m
- From
- 185.5 m
- To
- 190.5 m
- Intercept Depth
- 185.5 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD014:185.5-190.5
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A moderate gold grade over a narrow width, contributing to the overall exploration picture.
Positive factors
- Moderate gold grade.
Negative factors
- Relatively narrow width.
- True width not disclosed.
Evidence · text
“5.0m @ 2.95g/t Au from 185.5m (26FNDD014)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD015Lake Carey · goldGrade: 3.62Grade Unit: g/tIntercept: 8.4 mView all detailsHide details
Identity
- Hole ID
- 26FNDD015
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 3.62
- Grade Unit
- g/t
- Intercept
- 8.4 m
- From
- 123.6 m
- To
- 132 m
- Intercept Depth
- 123.6 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD015:123.6-132
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This intercept shows a good gold grade over a moderate width, indicating positive exploration results.
Positive factors
- Good gold grade over a moderate width.
Negative factors
- True width not disclosed.
Evidence · text
“8.4m @ 3.62g/t Au from 123.6m (26FNDD015)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD016Lake Carey · goldGrade: 3.08Grade Unit: g/tIntercept: 6.9 mView all detailsHide details
Identity
- Hole ID
- 26FNDD016
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 3.08
- Grade Unit
- g/t
- Intercept
- 6.9 m
- From
- 106.5 m
- To
- 113.4 m
- Intercept Depth
- 106.5 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD016:106.5-113.4
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A moderate gold grade over a narrow width, contributing to the overall exploration picture.
Positive factors
- Moderate gold grade.
Negative factors
- True width not disclosed.
Evidence · text
“6.9m @ 3.08g/t Au from 106.5m (26FNDD016)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD016Lake Carey · goldGrade: 5.26Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 26FNDD016
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 5.26
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 124 m
- To
- 127 m
- Intercept Depth
- 124 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD016:124-127
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A strong gold grade over a narrow width, indicating high-grade mineralization within the broader zone.
Positive factors
- Strong gold grade.
Negative factors
- Narrow width.
- True width not disclosed.
Evidence · text
“3.0m @ 5.26g/t Au from 124m (26FNDD016)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD016Lake Carey · goldGrade: 8.67Grade Unit: g/tIntercept: 2.9 mView all detailsHide details
Identity
- Hole ID
- 26FNDD016
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 8.67
- Grade Unit
- g/t
- Intercept
- 2.9 m
- From
- 286.7 m
- To
- 289.6 m
- Intercept Depth
- 286.7 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD016:286.7-289.6
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A very strong gold grade over a narrow width, highlighting high-grade mineralization at depth.
Positive factors
- Very strong gold grade.
Negative factors
- Narrow width.
- True width not disclosed.
Evidence · text
“2.9m @ 8.67g/t Au from 286.7m (26FNDD016)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD016Lake Carey · goldGrade: 2.93Grade Unit: g/tIntercept: 15.2 mView all detailsHide details
Identity
- Hole ID
- 26FNDD016
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 2.93
- Grade Unit
- g/t
- Intercept
- 15.2 m
- From
- 298.8 m
- To
- 314 m
- Intercept Depth
- 298.8 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD016:298.8-314
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This intercept shows a moderate gold grade over a significant width, indicating good continuity of mineralization at depth.
Positive factors
- Moderate gold grade over a significant width.
Negative factors
- True width not disclosed.
Evidence · text
“15.2m @ 2.93g/t Au from 298.8m (26FNDD016)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD017Lake Carey · goldGrade: 5.66Grade Unit: g/tIntercept: 3.1 mView all detailsHide details
Identity
- Hole ID
- 26FNDD017
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 5.66
- Grade Unit
- g/t
- Intercept
- 3.1 m
- From
- 302.1 m
- To
- 305.2 m
- Intercept Depth
- 302.1 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD017:302.1-305.2
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A strong gold grade over a narrow width, indicating high-grade mineralization at depth.
Positive factors
- Strong gold grade.
Negative factors
- Narrow width.
- True width not disclosed.
Evidence · text
“3.1m @ 5.66g/t Au from 302.1m (26FNDD017)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD017Lake Carey · goldGrade: 9.68Grade Unit: g/tIntercept: 5.1 mView all detailsHide details
Identity
- Hole ID
- 26FNDD017
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 9.68
- Grade Unit
- g/t
- Intercept
- 5.1 m
- From
- 353 m
- To
- 358.1 m
- Intercept Depth
- 353 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD017:353-358.1
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: An exceptional gold grade over a moderate width, representing a high-quality intercept at significant depth.
Positive factors
- Exceptional gold grade over a moderate width.
Negative factors
- True width not disclosed.
Evidence · text
“5.1m @ 9.68g/t Au from 353m (26FNDD017)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD018Lake Carey · goldGrade: 4.48Grade Unit: g/tIntercept: 26.6 mView all detailsHide details
Identity
- Hole ID
- 26FNDD018
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 4.48
- Grade Unit
- g/t
- Intercept
- 26.6 m
- From
- 92.9 m
- To
- 119.5 m
- Intercept Depth
- 92.9 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD018:92.9-119.5
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This intercept is highly material due to its strong gold grade over a very significant width, suggesting a robust mineralized body.
Positive factors
- Strong gold grade over a very significant width, indicating a substantial mineralized zone.
Negative factors
- True width not disclosed.
Evidence · text
“26.6m @ 4.48g/t Au from 92.9m (26FNDD018)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD018Lake Carey · goldGrade: 6.24Grade Unit: g/tIntercept: 10.3 mView all detailsHide details
Identity
- Hole ID
- 26FNDD018
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 6.24
- Grade Unit
- g/t
- Intercept
- 10.3 m
- From
- 108.2 m
- To
- 118.5 m
- Intercept Depth
- 108.2 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD018:108.2-118.5
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This sub-interval highlights a very strong gold grade over a significant width, indicating a high-quality zone of mineralization.
Positive factors
- Very strong gold grade over a significant width, representing a high-grade core within a broader intercept.
Negative factors
- True width not disclosed.
Evidence · text
“10.3m @ 6.24g/t Au from 108.2m”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD018Lake Carey · goldGrade: 2.25Grade Unit: g/tIntercept: 5.8 mView all detailsHide details
Identity
- Hole ID
- 26FNDD018
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 2.25
- Grade Unit
- g/t
- Intercept
- 5.8 m
- From
- 243 m
- To
- 248.8 m
- Intercept Depth
- 243 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD018:243-248.8
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A moderate gold grade over a narrow width, contributing to the overall exploration picture at depth.
Positive factors
- Moderate gold grade.
Negative factors
- True width not disclosed.
Evidence · text
“5.8m @ 2.25g/t Au from 243m (26FNDD018)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD019Lake Carey · goldGrade: 2.04Grade Unit: g/tIntercept: 14 mView all detailsHide details
Identity
- Hole ID
- 26FNDD019
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 2.04
- Grade Unit
- g/t
- Intercept
- 14 m
- From
- 126 m
- To
- 140 m
- Intercept Depth
- 126 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD019:126-140
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This intercept provides a moderate gold grade over a good width, contributing positively to exploration results.
Positive factors
- Moderate gold grade over a good width.
Negative factors
- True width not disclosed.
Evidence · text
“14.0m @ 2.04g/t Au from 126m (26FNDD019)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD019Lake Carey · goldGrade: 4.88Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 26FNDD019
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 4.88
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 126 m
- To
- 129 m
- Intercept Depth
- 126 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD019:126-129
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A strong gold grade over a narrow width, indicating high-grade mineralization within the broader zone.
Positive factors
- Strong gold grade.
Negative factors
- Narrow width.
- True width not disclosed.
Evidence · text
“3.0m @ 4.88g/t Au from 126m (26FNDD019)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD020Lake Carey · goldGrade: 3Grade Unit: g/tIntercept: 4.1 mView all detailsHide details
Identity
- Hole ID
- 26FNDD020
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 3
- Grade Unit
- g/t
- Intercept
- 4.1 m
- From
- 129.4 m
- To
- 133.5 m
- Intercept Depth
- 129.4 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD020:129.4-133.5
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A moderate gold grade over a narrow width, contributing to the overall exploration picture.
Positive factors
- Moderate gold grade.
Negative factors
- Narrow width.
- True width not disclosed.
Evidence · text
“4.1m @ 3.00g/t Au from 129.4m (26FNDD020)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD020Lake Carey · goldGrade: 8.29Grade Unit: g/tIntercept: 5.8 mView all detailsHide details
Identity
- Hole ID
- 26FNDD020
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 8.29
- Grade Unit
- g/t
- Intercept
- 5.8 m
- From
- 274 m
- To
- 279.8 m
- Intercept Depth
- 274 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD020:274-279.8
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A very strong gold grade over a moderate width, indicating high-grade mineralization at depth.
Positive factors
- Very strong gold grade over a moderate width.
Negative factors
- True width not disclosed.
Evidence · text
“5.8m @ 8.29g/t Au from 274m (26FNDD020)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26FNDD021Lake Carey · goldGrade: 3.27Grade Unit: g/tIntercept: 9 mView all detailsHide details
Identity
- Hole ID
- 26FNDD021
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 3.27
- Grade Unit
- g/t
- Intercept
- 9 m
- From
- 183 m
- To
- 192 m
- Intercept Depth
- 183 m
Classification
- Sample Type
- drill
- Group ID
- 26FNDD021:183-192
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This intercept shows a good gold grade over a moderate width, indicating positive exploration results.
Positive factors
- Good gold grade over a moderate width.
Negative factors
- True width not disclosed.
Evidence · text
“9.0m @ 3.27g/t Au from 183m (26FNDD021)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26HEDD001Lake Carey · goldGrade: 1.4Grade Unit: g/tIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- 26HEDD001
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 1.4
- Grade Unit
- g/t
- Intercept
- 2 m
- From
- 52 m
- To
- 54 m
- Intercept Depth
- 52 m
Classification
- Sample Type
- drill
- Group ID
- 26HEDD001:52-54
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A low gold grade over a narrow width, providing minor contribution to the exploration data.
Negative factors
- Low gold grade over a narrow width.
- True width not disclosed.
Evidence · text
“2.0m @ 1.4g/t Au from 52m (26HEDD001)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26HEDD001Lake Carey · goldGrade: 17.37Grade Unit: g/tIntercept: 2.3 mView all detailsHide details
Identity
- Hole ID
- 26HEDD001
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 17.37
- Grade Unit
- g/t
- Intercept
- 2.3 m
- From
- 115.85 m
- To
- 118.15 m
- Intercept Depth
- 115.85 m
Classification
- Sample Type
- drill
- Group ID
- 26HEDD001:115.85-118.15
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This intercept is highly significant due to its bonanza gold grade, despite the narrow width, suggesting a high-grade vein or structure.
Positive factors
- Bonanza gold grade over a narrow width, indicating very high-grade mineralization.
Negative factors
- True width not disclosed.
Evidence · text
“2.3m @ 17.37g/t Au from 115.85m (26HEDD001)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26HEDD002Lake Carey · goldGrade: 5.09Grade Unit: g/tIntercept: 3.3 mView all detailsHide details
Identity
- Hole ID
- 26HEDD002
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 5.09
- Grade Unit
- g/t
- Intercept
- 3.3 m
- From
- 136.7 m
- To
- 140 m
- Intercept Depth
- 136.7 m
Classification
- Sample Type
- drill
- Group ID
- 26HEDD002:136.7-140
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A strong gold grade over a narrow width, indicating high-grade mineralization.
Positive factors
- Strong gold grade.
Negative factors
- Narrow width.
- True width not disclosed.
Evidence · text
“3.3m @ 5.09g/t Au from 136.7m (26HEDD002)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
26HEDD004Lake Carey · goldGrade: 2.84Grade Unit: g/tIntercept: 6.8 mView all detailsHide details
Identity
- Hole ID
- 26HEDD004
- Project
- Lake Carey
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- MAT
Geometry
- Grade
- 2.84
- Grade Unit
- g/t
- Intercept
- 6.8 m
- From
- 72.5 m
- To
- 79.3 m
- Intercept Depth
- 72.5 m
Classification
- Sample Type
- drill
- Group ID
- 26HEDD004:72.5-79.3
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Deleterious
- Deleterious Flag
- No
Compositing
- Dilution Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: A moderate gold grade over a narrow width, contributing to the overall exploration picture.
Positive factors
- Moderate gold grade.
Negative factors
- True width not disclosed.
Evidence · text
“6.8m @ 2.84g/t Au from 72.5m (26HEDD004)”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "A summary of achievements over the past 12 months include: • Gold ore mining, processing and sales of gold from the Devo"
Resource Estimates (16)
measuredLake Carey Gold Project · goldTonnes: 105000Grade: 8.4Grade Unit: g/tContained Metal: 28Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:bc97af4eda6ef4d04dee
- Deposit or zone
- Red October UG
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 105000
- Grade
- 8.4
- Grade Unit
- g/t
- Contained Metal
- 28
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This is a high-quality Measured resource with an excellent gold grade, providing strong confidence for future planning.
Positive factors
- High-confidence Measured category resource.
- Very high gold grade for an underground deposit.
Evidence · table
“8.4”
Context: 105
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedLake Carey Gold Project · goldTonnes: 608000Grade: 5.4Grade Unit: g/tContained Metal: 106Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:e31139df8c05ec83a7f5
- Deposit or zone
- Red October UG
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 608000
- Grade
- 5.4
- Grade Unit
- g/t
- Contained Metal
- 106
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Indicated resource has a strong gold grade and significant contained metal, providing good confidence for economic studies.
Positive factors
- High-confidence Indicated category resource.
- Strong gold grade for an underground deposit.
- Significant contained metal.
Evidence · table
“5.4”
Context: 608
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredLake Carey Gold Project · goldTonnes: 635000Grade: 5.4Grade Unit: g/tContained Metal: 110Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:eed86f40cb6432fb30b9
- Deposit or zone
- Red October UG
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 635000
- Grade
- 5.4
- Grade Unit
- g/t
- Contained Metal
- 110
- Contained Unit
- koz
- Cutoff Grade
- 2
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Inferred resource shows a strong gold grade and significant contained metal, indicating good exploration potential despite lower confidence.
Positive factors
- Strong gold grade for an underground deposit.
- Significant contained metal.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“5.4”
Context: 635
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
measuredLake Carey Gold Project · goldTonnes: 149000Grade: 4Grade Unit: g/tContained Metal: 19Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:891d9d7e683777695875
- Deposit or zone
- Devon Pit (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 149000
- Grade
- 4
- Grade Unit
- g/t
- Contained Metal
- 19
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Measured resource has a strong gold grade for an open pit, providing high confidence for mine planning.
Positive factors
- High-confidence Measured category resource.
- Strong gold grade for an open pit deposit.
Evidence · table
“4.0”
Context: 149
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedLake Carey Gold Project · goldTonnes: 180000Grade: 3.7Grade Unit: g/tContained Metal: 21Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:3ec2df08eba638e62a51
- Deposit or zone
- Devon Pit (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 180000
- Grade
- 3.7
- Grade Unit
- g/t
- Contained Metal
- 21
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Indicated resource has a strong gold grade for an open pit, providing good confidence for economic studies.
Positive factors
- High-confidence Indicated category resource.
- Strong gold grade for an open pit deposit.
Evidence · table
“3.7”
Context: 180
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredLake Carey Gold Project · goldTonnes: 46000Grade: 2.2Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:9a3c45a9392f0a653ced
- Deposit or zone
- Devon Pit (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 46000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This small Inferred resource has a moderate gold grade, contributing to overall potential but with lower confidence.
Positive factors
- Moderate gold grade for an open pit.
Negative factors
- Lower confidence Inferred category.
- Small tonnage.
Evidence · table
“2.2”
Context: 46
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
inferredLake Carey Gold Project · goldTonnes: 171000Grade: 2.8Grade Unit: g/tContained Metal: 15Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:ed6bede57d145a5f50c3
- Deposit or zone
- Olympic (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 171000
- Grade
- 2.8
- Grade Unit
- g/t
- Contained Metal
- 15
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Inferred resource has a good gold grade for an open pit, indicating exploration potential despite lower confidence.
Positive factors
- Good gold grade for an open pit.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“2.8”
Context: 171
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
inferredLake Carey Gold Project · goldTonnes: 748000Grade: 2Grade Unit: g/tContained Metal: 48Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:9a93427b0f50f2a5b557
- Deposit or zone
- Hill East (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 748000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 48
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Inferred resource has a moderate gold grade and reasonable tonnage, indicating exploration potential despite lower confidence.
Positive factors
- Moderate gold grade for an open pit.
- Reasonable tonnage.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“2.0”
Context: 748
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
measuredLake Carey Gold Project · goldTonnes: 127000Grade: 2.2Grade Unit: g/tContained Metal: 9Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:d0d9aebe2c52203c8dc7
- Deposit or zone
- Fortitude
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 127000
- Grade
- 2.2
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Measured resource has a moderate gold grade for an open pit, providing high confidence for mine planning.
Positive factors
- High-confidence Measured category resource.
- Moderate gold grade for an open pit.
Evidence · table
“2.2”
Context: 127
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedLake Carey Gold Project · goldTonnes: 2979000Grade: 1.9Grade Unit: g/tContained Metal: 182Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:6b14b653394101ca6bf6
- Deposit or zone
- Fortitude
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 2979000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 182
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Indicated resource has a moderate gold grade and significant scale, providing good confidence for economic studies.
Positive factors
- High-confidence Indicated category resource.
- Moderate gold grade for an open pit.
- Significant tonnage and contained metal.
Evidence · table
“1.9”
Context: 2,979
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredLake Carey Gold Project · goldTonnes: 4943000Grade: 1.9Grade Unit: g/tContained Metal: 302Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:90fbc70bc8487d60015f
- Deposit or zone
- Fortitude
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 4943000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 302
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Inferred resource has a moderate gold grade and very significant scale, indicating substantial exploration potential despite lower confidence.
Positive factors
- Moderate gold grade for an open pit.
- Very significant tonnage and contained metal.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“1.9”
Context: 4,943
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
inferredLake Carey Gold Project · goldTonnes: 341000Grade: 2.1Grade Unit: g/tContained Metal: 23Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:d1dec608b0fab99cfb5a
- Deposit or zone
- Gallant (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 341000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Inferred resource has a moderate gold grade, indicating exploration potential despite lower confidence.
Positive factors
- Moderate gold grade for an open pit.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“2.1”
Context: 341
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
indicatedLake Carey Gold Project · goldTonnes: 43000Grade: 3.3Grade Unit: g/tContained Metal: 5Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:1d5ca3a3f6488be7f7ad
- Deposit or zone
- Bindah (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 43000
- Grade
- 3.3
- Grade Unit
- g/t
- Contained Metal
- 5
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This small Indicated resource has a strong gold grade, providing good confidence for economic studies.
Positive factors
- High-confidence Indicated category resource.
- Strong gold grade for an open pit.
Negative factors
- Small tonnage.
Evidence · table
“3.3”
Context: 43
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredLake Carey Gold Project · goldTonnes: 483000Grade: 2.3Grade Unit: g/tContained Metal: 36Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:ecdee65db36542d11f43
- Deposit or zone
- Bindah (OP)
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 483000
- Grade
- 2.3
- Grade Unit
- g/t
- Contained Metal
- 36
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Inferred resource has a moderate gold grade, indicating exploration potential despite lower confidence.
Positive factors
- Moderate gold grade for an open pit.
Negative factors
- Lower confidence Inferred category.
Evidence · table
“2.3”
Context: 483
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
probableLake Carey Gold Project · goldTonnes: 206000Grade: 3.4Grade Unit: g/tContained Metal: 22Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:8d7fb1f8a140d4964c80
- Deposit or zone
- Devon Pit
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 206000
- Grade
- 3.4
- Grade Unit
- g/t
- Contained Metal
- 22
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Probable Reserve has a strong gold grade, indicating economic viability for the Devon Pit.
Positive factors
- High-confidence Probable Reserve.
- Strong gold grade for an open pit.
Evidence · table
“3.4”
Context: 206
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
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
probableLake Carey Gold Project · goldTonnes: 1029000Grade: 1.8Grade Unit: g/tContained Metal: 58Contained Unit: kozView all detailsHide details
Identity
- Project
- Lake Carey Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MAT
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Pascal Blampain
- Resource group id
- resource:b565b1a3db09f8d2a6d4
- Deposit or zone
- Fortitude Pit
- Mining method
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 1029000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 58
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-16T00:00:00.000Z
Reasoning: This Probable Reserve has a moderate gold grade and significant scale, indicating economic viability for the Fortitude Pit.
Positive factors
- High-confidence Probable Reserve.
- Moderate gold grade for an open pit.
- Significant tonnage and contained metal.
Evidence · table
“1.8”
Context: 1,029
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.