# MAT: Full Year Statutory Accounts Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153587 Publisher: asx Original announcement: 2026-10-16T07:43:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-16T08:17:08.192Z Atlas analysis updated: 2026-10-16T08:17:08.192Z - 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 Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas 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 factor: Strong drill intercepts reported from Fortitude North, indicating potential for resource growth. - Positive factor: Significant option agreement with AngloGold Ashanti provides funding and validates project potential. - Positive factor: Overall resource growth in contained gold ounces and tonnage for the Lake Carey Gold Project. - Positive factor: Ongoing exploration programs aimed at increasing gold resources. - Negative factor: Devon Pit Gold Mine experienced below-expected gold production and operational issues with its mining contractor. - Negative factor: The company reported a substantial net loss for the year. - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Intercept** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Signed** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: 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 Growth** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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) ### 26FNDD013 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-0) Lake Carey · gold #### 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 factor: Moderate gold grade for the reported width. - Negative factor: True width not disclosed. Evidence · text > 12.8m @ 2.43g/t Au from 128.4m \(26FNDD013\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD014 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-1) Lake Carey · gold #### 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 factor: Moderate gold grade. - Negative factor: Relatively narrow width. - Negative factor: True width not disclosed. Evidence · text > 5.0m @ 2.95g/t Au from 185.5m \(26FNDD014\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD015 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-2) Lake Carey · gold #### 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 factor: Good gold grade over a moderate width. - Negative factor: True width not disclosed. Evidence · text > 8.4m @ 3.62g/t Au from 123.6m \(26FNDD015\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD016 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-3) Lake Carey · gold #### 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 factor: Moderate gold grade. - Negative factor: True width not disclosed. Evidence · text > 6.9m @ 3.08g/t Au from 106.5m \(26FNDD016\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD016 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-4) Lake Carey · gold #### 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 factor: Strong gold grade. - Negative factor: Narrow width. - Negative factor: True width not disclosed. Evidence · text > 3.0m @ 5.26g/t Au from 124m \(26FNDD016\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD016 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-5) Lake Carey · gold #### 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 factor: Very strong gold grade. - Negative factor: Narrow width. - Negative factor: True width not disclosed. Evidence · text > 2.9m @ 8.67g/t Au from 286.7m \(26FNDD016\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD016 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-6) Lake Carey · gold #### 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 factor: Moderate gold grade over a significant width. - Negative factor: True width not disclosed. Evidence · text > 15.2m @ 2.93g/t Au from 298.8m \(26FNDD016\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD017 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-7) Lake Carey · gold #### 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 factor: Strong gold grade. - Negative factor: Narrow width. - Negative factor: True width not disclosed. Evidence · text > 3.1m @ 5.66g/t Au from 302.1m \(26FNDD017\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD017 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-8) Lake Carey · gold #### 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 factor: Exceptional gold grade over a moderate width. - Negative factor: True width not disclosed. Evidence · text > 5.1m @ 9.68g/t Au from 353m \(26FNDD017\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD018 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-9) Lake Carey · gold #### 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 factor: Strong gold grade over a very significant width, indicating a substantial mineralized zone. - Negative factor: True width not disclosed. Evidence · text > 26.6m @ 4.48g/t Au from 92.9m \(26FNDD018\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD018 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-10) Lake Carey · gold #### 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 factor: Very strong gold grade over a significant width, representing a high-grade core within a broader intercept. - Negative factor: True width not disclosed. Evidence · text > 10.3m @ 6.24g/t Au from 108.2m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD018 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-11) Lake Carey · gold #### 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 factor: Moderate gold grade. - Negative factor: True width not disclosed. Evidence · text > 5.8m @ 2.25g/t Au from 243m \(26FNDD018\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD019 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-12) Lake Carey · gold #### 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 factor: Moderate gold grade over a good width. - Negative factor: True width not disclosed. Evidence · text > 14.0m @ 2.04g/t Au from 126m \(26FNDD019\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD019 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-13) Lake Carey · gold #### 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 factor: Strong gold grade. - Negative factor: Narrow width. - Negative factor: True width not disclosed. Evidence · text > 3.0m @ 4.88g/t Au from 126m \(26FNDD019\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD020 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-14) Lake Carey · gold #### 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 factor: Moderate gold grade. - Negative factor: Narrow width. - Negative factor: True width not disclosed. Evidence · text > 4.1m @ 3.00g/t Au from 129.4m \(26FNDD020\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD020 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-15) Lake Carey · gold #### 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 factor: Very strong gold grade over a moderate width. - Negative factor: True width not disclosed. Evidence · text > 5.8m @ 8.29g/t Au from 274m \(26FNDD020\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26FNDD021 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-16) Lake Carey · gold #### 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 factor: Good gold grade over a moderate width. - Negative factor: True width not disclosed. Evidence · text > 9.0m @ 3.27g/t Au from 183m \(26FNDD021\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26HEDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-17) Lake Carey · gold #### 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 factor: Low gold grade over a narrow width. - Negative factor: True width not disclosed. Evidence · text > 2.0m @ 1.4g/t Au from 52m \(26HEDD001\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26HEDD001 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-18) Lake Carey · gold #### 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 factor: Bonanza gold grade over a narrow width, indicating very high-grade mineralization. - Negative factor: True width not disclosed. Evidence · text > 2.3m @ 17.37g/t Au from 115.85m \(26HEDD001\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26HEDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-19) Lake Carey · gold #### 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 factor: Strong gold grade. - Negative factor: Narrow width. - Negative factor: True width not disclosed. Evidence · text > 3.3m @ 5.09g/t Au from 136.7m \(26HEDD002\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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" ### 26HEDD004 [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-drill-facts-20) Lake Carey · gold #### 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 factor: Moderate gold grade. - Negative factor: True width not disclosed. Evidence · text > 6.8m @ 2.84g/t Au from 72.5m \(26HEDD004\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-21) Lake Carey Gold Project · gold #### 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 factor: High-confidence Measured category resource. - Positive factor: Very high gold grade for an underground deposit. Evidence · table > 8.4 Context: 105 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-22) Lake Carey Gold Project · gold #### 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 factor: High-confidence Indicated category resource. - Positive factor: Strong gold grade for an underground deposit. - Positive factor: Significant contained metal. Evidence · table > 5.4 Context: 608 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-23) Lake Carey Gold Project · gold #### 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 factor: Strong gold grade for an underground deposit. - Positive factor: Significant contained metal. - Negative factor: Lower confidence Inferred category. Evidence · table > 5.4 Context: 635 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-24) Lake Carey Gold Project · gold #### 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 factor: High-confidence Measured category resource. - Positive factor: Strong gold grade for an open pit deposit. Evidence · table > 4.0 Context: 149 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-25) Lake Carey Gold Project · gold #### 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 factor: High-confidence Indicated category resource. - Positive factor: Strong gold grade for an open pit deposit. Evidence · table > 3.7 Context: 180 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-26) Lake Carey Gold Project · gold #### 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 factor: Moderate gold grade for an open pit. - Negative factor: Lower confidence Inferred category. - Negative factor: Small tonnage. Evidence · table > 2.2 Context: 46 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-27) Lake Carey Gold Project · gold #### 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 factor: Good gold grade for an open pit. - Negative factor: Lower confidence Inferred category. Evidence · table > 2.8 Context: 171 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-28) Lake Carey Gold Project · gold #### 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 factor: Moderate gold grade for an open pit. - Positive factor: Reasonable tonnage. - Negative factor: Lower confidence Inferred category. Evidence · table > 2.0 Context: 748 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-29) Lake Carey Gold Project · gold #### 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 factor: High-confidence Measured category resource. - Positive factor: Moderate gold grade for an open pit. Evidence · table > 2.2 Context: 127 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-30) Lake Carey Gold Project · gold #### 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 factor: High-confidence Indicated category resource. - Positive factor: Moderate gold grade for an open pit. - Positive factor: Significant tonnage and contained metal. Evidence · table > 1.9 Context: 2,979 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-31) Lake Carey Gold Project · gold #### 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 factor: Moderate gold grade for an open pit. - Positive factor: Very significant tonnage and contained metal. - Negative factor: Lower confidence Inferred category. Evidence · table > 1.9 Context: 4,943 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-32) Lake Carey Gold Project · gold #### 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 factor: Moderate gold grade for an open pit. - Negative factor: Lower confidence Inferred category. Evidence · table > 2.1 Context: 341 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-33) Lake Carey Gold Project · gold #### 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 factor: High-confidence Indicated category resource. - Positive factor: Strong gold grade for an open pit. - Negative factor: Small tonnage. Evidence · table > 3.3 Context: 43 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-34) Lake Carey Gold Project · gold #### 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 factor: Moderate gold grade for an open pit. - Negative factor: Lower confidence Inferred category. Evidence · table > 2.3 Context: 483 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-35) Lake Carey Gold Project · gold #### 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 factor: High-confidence Probable Reserve. - Positive factor: Strong gold grade for an open pit. Evidence · table > 3.4 Context: 206 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/mat-full-year-statutory-accounts--b73e56af-4eb6-499d-a391-3feec3c8a5a0#fact-resource-facts-36) Lake Carey Gold Project · gold #### 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 factor: High-confidence Probable Reserve. - Positive factor: Moderate gold grade for an open pit. - Positive factor: Significant tonnage and contained metal. Evidence · table > 1.8 Context: 1,029 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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.