MEX: Broad Gold Mineralisation Intersected at Jubilee South

Original announcement by asx on

Company
Minerals Exploration Limited
Ticker
MEX
Exchange
ASX
Region
New Zealand's North Island
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Drill results, Other
Extracted
2026-09-23 00:25:51 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Minerals Exploration Limited has reported broad gold mineralisation from a four-hole diamond drilling program at its Jubilee South Gold Prospect in New Zealand. The program intersected wide zones of low-grade gold with higher-grade internal sections, expanding the known mineralised envelope and providing vectors for future exploration. The company also highlighted high-grade historical results and recent surface samples from nearby prospects, with follow-up drilling planned.

Reasoning: The announcement reports new drill results that confirm broad, low-grade gold mineralisation with higher-grade internal zones, expanding the known footprint at Jubilee South. While the new grades are not exceptional, they provide useful vectors for follow-up drilling. High-grade historical results and surface samples from nearby prospects highlight the overall potential of the project. QA/QC is disclosed, but the lack of true width information and some poor core recovery introduce uncertainty.

Positive factors

  • Broad gold mineralisation intersected, expanding the known footprint
  • Presence of higher-grade internal zones provides vectors for future targeting
  • High-grade historical results and surface samples indicate strong potential
  • QA/QC procedures are disclosed and a Competent Person has signed off

Negative factors

  • Reported drill intercepts are downhole lengths, true widths are not known
  • Recovery was poor in parts of some principal composites, potentially affecting grade representativeness
  • New drill results are generally low-grade, with higher grades only in sub-intervals
  • Exceptional historic underground channel grades were not replicated at the tested positions

Facts used in scoring: 33

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 release includes detailed QA/QC disclosure in JORC Table 1, mentioning certified lab (SGS Waihi), Competent Person sign-off (Mr Peter Zitnan), and methods like blanks, standards, and laboratory repeats.

Evidence · text

“The information in this Report that relates to Exploration Results is based on information compiled by Mr Peter Zitnan, who is a Member of the Australian Institute of Geoscientists (AIG) and Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM).”

Apparent Width Onlynegative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The document explicitly states that 'All intervals are downhole lengths and true widths are not known' and 'The geometry and continuity of individual mineralized structures are not sufficiently constrained to determine true widths'.

Evidence · text

“All intervals are downhole lengths and true widths are not known.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The drilling program was designed to test the 'southern continuation of the historic Jubilee vein system towards the Sovereign prospect'.

Evidence · text

“TGW011–TGW014 drillholes were drilled to test the southern continuation of the historic Jubilee vein system towards the Sovereign prospect”

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: The document states that 'Composites were calculated as length-weighted averages of original Au assays' and 'each reported main composite has an average grade of at least 0.20g/t Au. Higher-grade internal intervals are shown as ‘including’'.

Evidence · text

“Composites were calculated as length-weighted averages of original Au assays. Main composite boundaries were selected using logged mineralization/alteration and continuous assay coverage; all intervening assays were included and each reported main composite has an average grade of at least 0.20g/t Au. Higher-grade internal intervals are shown as ‘including’.”

Cut-off Disclosedpositive · Story-specific tag

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The document explicitly states that 'each reported main composite has an average grade of at least 0.20g/t Au'.

Evidence · text

“each reported main composite has an average grade of at least 0.20g/t Au”

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The document re-reports historical drill results from the Sovereign prospect, explicitly stating they were 'drilled between 1991 and 2003 by Coeur and Cyprus Gold NZ' and referencing a prior ASX announcement from July 2026.

Evidence · text

“Historical drilling at Sovereign delivered significant high-grade assays which in some cases remain open in strike and dip with results including: ➢ ML2 15.0m @ 4.40g/t Au from 69m, incl, 5m @ 6.72g/t Au, no recovery due to void from 67 to 69m”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Surface sample TGR0251 returned 32.5 g/t Au, which is well above the exceptional threshold for gold (5 g/t) in an epithermal deposit.

Evidence · text

“TGR0251: mullock; E 1,843,258; N 5,858,342; RL 330 m; quartz-veined mullock; 32.5 g/t Au.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Surface sample TGR0252 returned 20.1 g/t Au, which is well above the exceptional threshold for gold (5 g/t) in an epithermal deposit.

Evidence · text

“TGR0252: outcrop; E 1,843,260; N 5,858,352; RL 333 m; 40 cm silicified andesite, stockworked host with chalcedonic vein; 20.1 g/t Au.”

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: The project is explicitly positioned as being 'only 8km west of OceanaGold’s Waihi Gold Mine (+12Moz Au), and 4.5km directly along strike from OceanaGold’s 2.2Moz @ 14.3g/t Au WKP deposit'.

Evidence · text

“The Waitekauri Gold Project, which includes the historic Jubilee Gold Mine, is located near Waihi on New Zealand’s North Island, only 8km west of OceanaGold’s Waihi Gold Mine (+12Moz Au), and 4.5km directly along strike from OceanaGold’s 2.2Moz @ 14.3g/t Au WKP deposit.”

Extracted facts

Stored fact records: 33. Some facts used in scoring do not have a stored record.

Drill Results (33)

TGW011Waitekauri · goldGrade: 0.3Grade Unit: g/tIntercept: 80.3 mView all details
Link to this fact

Identity

Hole ID
TGW011
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.3
Grade Unit
g/t
Intercept
80.3 m
From
122 m
To
202.3 m
Hole Depth
202.3 m
Intercept Depth
122 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW011:122-202.3
Mining Method
unknown

Location

Easting
1844053.31
Northing
5859332.92
Elevation
407.08 m
Azimuth
75 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This broad intercept, while low-grade, contributes to the understanding of the mineralised system's extent. The lack of true width information reduces confidence in its actual significance.

Positive factors

  • Broad intercept length indicates significant mineralised envelope
  • Intercept contributes to expanding the known mineralised footprint

Negative factors

  • Grade is relatively low for gold
  • True width is not known, potentially overstating actual thickness

Evidence · table

“0.30”

Context: 80.3

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW011Waitekauri · goldGrade: 0.52Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
TGW011
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.52
Grade Unit
g/t
Intercept
16 m
From
159 m
To
175 m
Hole Depth
202.3 m
Intercept Depth
122 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW011:159-175
Mining Method
unknown

Location

Easting
1844053.31
Northing
5859332.92
Elevation
407.08 m
Azimuth
75 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This sub-interval shows a moderate grade within the broader mineralisation, indicating local concentration of gold and providing a vector for follow-up. True width remains unknown.

Positive factors

  • Higher-grade sub-interval within a broader mineralised zone
  • Provides useful vector for future targeting

Negative factors

  • Grade is still moderate for gold
  • True width is not known

Evidence · table

“0.52”

Context: 16.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW011Waitekauri · goldGrade: 1.21Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
TGW011
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
1.21
Grade Unit
g/t
Intercept
1 m
From
170 m
To
171 m
Hole Depth
202.3 m
Intercept Depth
122 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW011:170-171
Mining Method
unknown

Location

Easting
1844053.31
Northing
5859332.92
Elevation
407.08 m
Azimuth
75 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, higher-grade interval is positive as it confirms local gold concentration within the broader zone and aligns with the modelled vein, but its limited width reduces overall materiality.

Positive factors

  • Local interval above 1 g/t Au indicates higher-grade potential
  • Coincides with modelled position of Jubilee vein

Negative factors

  • Very narrow intercept length
  • True width is not known

Evidence · table

“1.21”

Context: 1.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW012Waitekauri · goldGrade: 0.35Grade Unit: g/tIntercept: 22.7 mView all details
Link to this fact

Identity

Hole ID
TGW012
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.35
Grade Unit
g/t
Intercept
22.7 m
From
135.5 m
To
158.2 m
Hole Depth
181.2 m
Intercept Depth
135.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW012:135.5-158.2
Mining Method
unknown

Location

Easting
1844053.9
Northing
5859332.46
Elevation
407.34 m
Azimuth
90 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This intercept confirms mineralisation but is low-grade and suffers from poor core recovery, which reduces confidence in the reported grade and overall materiality. True width is also unknown.

Positive factors

  • Confirms gold mineralisation in the area

Negative factors

  • Grade is relatively low for gold
  • True width is not known
  • Poor recovery through parts of the principal composite (approx. 62%) introduces uncertainty

Evidence · table

“0.35”

Context: 22.7

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW012Waitekauri · goldGrade: 0.62Grade Unit: g/tIntercept: 8.8 mView all details
Link to this fact

Identity

Hole ID
TGW012
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.62
Grade Unit
g/t
Intercept
8.8 m
From
145 m
To
153.8 m
Hole Depth
181.2 m
Intercept Depth
135.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW012:145-153.8
Mining Method
unknown

Location

Easting
1844053.9
Northing
5859332.46
Elevation
407.34 m
Azimuth
90 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This sub-interval shows a moderate grade, but the overall poor recovery in the hole and unknown true width limit its significance.

Positive factors

  • Higher-grade sub-interval within a broader mineralised zone

Negative factors

  • Grade is still moderate for gold
  • True width is not known
  • Poor recovery in the parent interval affects confidence

Evidence · table

“0.62”

Context: 8.8

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW012Waitekauri · goldGrade: 2.6Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
TGW012
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
2.6
Grade Unit
g/t
Intercept
0.9 m
From
150.8 m
To
151.7 m
Hole Depth
181.2 m
Intercept Depth
135.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW012:150.8-151.7
Mining Method
unknown

Location

Easting
1844053.9
Northing
5859332.46
Elevation
407.34 m
Azimuth
90 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, higher-grade interval is positive for local gold concentration, but its limited width and the poor core recovery in the overall interval reduce its materiality and confidence.

Positive factors

  • Higher-grade interval indicates local gold concentration

Negative factors

  • Very narrow intercept length
  • True width is not known
  • Poor recovery in the parent interval affects confidence

Evidence · table

“2.60”

Context: 0.9

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW012Waitekauri · goldGrade: 0.77Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
TGW012
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.77
Grade Unit
g/t
Intercept
0.9 m
From
175.6 m
To
176.5 m
Hole Depth
181.2 m
Intercept Depth
135.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW012:175.6-176.5
Mining Method
unknown

Location

Easting
1844053.9
Northing
5859332.46
Elevation
407.34 m
Azimuth
90 °
Dip
-45 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, moderate-grade intercept provides additional data points but its limited width and the overall poor recovery in the hole reduce its individual significance.

Positive factors

  • Confirms additional mineralisation in the hole

Negative factors

  • Very narrow intercept length
  • Grade is moderate for gold
  • True width is not known
  • Poor recovery in the hole affects confidence

Evidence · table

“0.77”

Context: 0.9

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 1.1Grade Unit: g/tIntercept: 3.8 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
1.1
Grade Unit
g/t
Intercept
3.8 m
From
70.8 m
To
74.6 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:70.8-74.6
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, higher-grade intercept is positive for local gold concentration, but its limited width and unknown true width reduce its overall materiality.

Positive factors

  • Grade above 1 g/t Au indicates good local gold concentration

Negative factors

  • Narrow intercept length
  • True width is not known

Evidence · table

“1.10”

Context: 3.8

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 2.79Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
2.79
Grade Unit
g/t
Intercept
1 m
From
70.8 m
To
71.8 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:70.8-71.8
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This very narrow, high-grade interval is a strong indicator of local gold concentration, suggesting the potential for higher-grade shoots, but its limited width means low overall contained metal.

Positive factors

  • Strong gold grade for a narrow interval
  • Indicates high-grade potential within the system

Negative factors

  • Very narrow intercept length
  • True width is not known

Evidence · table

“2.79”

Context: 1.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 1.27Grade Unit: g/tIntercept: 0.9 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
1.27
Grade Unit
g/t
Intercept
0.9 m
From
75.8 m
To
76.7 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:75.8-76.7
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, higher-grade intercept is positive for local gold concentration, but its limited width and proximity to a zero-recovery zone reduce its overall materiality and confidence.

Positive factors

  • Grade above 1 g/t Au indicates local gold concentration

Negative factors

  • Very narrow intercept length
  • True width is not known
  • Located immediately after a zero-recovery interval, which could affect continuity

Evidence · table

“1.27”

Context: 0.9

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 0.3Grade Unit: g/tIntercept: 17 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.3
Grade Unit
g/t
Intercept
17 m
From
96 m
To
113 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:96-113
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This moderate-length, low-grade intercept confirms mineralisation but does not indicate high-grade potential. The true width is unknown.

Positive factors

  • Moderate intercept length confirms mineralisation

Negative factors

  • Grade is relatively low for gold
  • True width is not known

Evidence · table

“0.30”

Context: 17.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 0.47Grade Unit: g/tIntercept: 3.3 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.47
Grade Unit
g/t
Intercept
3.3 m
From
109.7 m
To
113 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:109.7-113
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, low-grade sub-interval confirms mineralisation but is not particularly material on its own, and true width is unknown.

Positive factors

  • Confirms mineralisation within the broader zone

Negative factors

  • Grade is relatively low for gold
  • Narrow intercept length
  • True width is not known

Evidence · table

“0.47”

Context: 3.3

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 0.4Grade Unit: g/tIntercept: 14.8 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.4
Grade Unit
g/t
Intercept
14.8 m
From
123.6 m
To
138.4 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:123.6-138.4
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This moderate-length, low-grade intercept confirms mineralisation but does not indicate high-grade potential. The true width is unknown.

Positive factors

  • Moderate intercept length confirms mineralisation

Negative factors

  • Grade is relatively low for gold
  • True width is not known

Evidence · table

“0.40”

Context: 14.8

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 0.54Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.54
Grade Unit
g/t
Intercept
5 m
From
130 m
To
135 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:130-135
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, low-grade sub-interval confirms mineralisation but is not particularly material on its own, and true width is unknown.

Positive factors

  • Confirms mineralisation within the broader zone

Negative factors

  • Grade is relatively low for gold
  • True width is not known

Evidence · table

“0.54”

Context: 5.0

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW013Waitekauri · goldGrade: 1.03Grade Unit: g/tIntercept: 1.1 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
1.03
Grade Unit
g/t
Intercept
1.1 m
From
133 m
To
134.1 m
Hole Depth
150 m
Intercept Depth
70.8 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW013:133-134.1
Mining Method
unknown

Location

Easting
1844166.62
Northing
5859313.73
Elevation
389.86 m
Azimuth
21 °
Dip
-60 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This very narrow, higher-grade interval is positive for local gold concentration, but its limited width means low overall contained metal.

Positive factors

  • Local interval above 1 g/t Au indicates higher-grade potential

Negative factors

  • Very narrow intercept length
  • True width is not known

Evidence · table

“1.03”

Context: 1.1

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW014Waitekauri · goldGrade: 0.25Grade Unit: g/tIntercept: 52.5 mView all details
Link to this fact

Identity

Hole ID
TGW014
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.25
Grade Unit
g/t
Intercept
52.5 m
From
47.5 m
To
100 m
Hole Depth
100 m
Intercept Depth
47.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW014:47.5-100
Mining Method
unknown

Location

Easting
1844167.05
Northing
5859312.88
Elevation
389.86 m
Azimuth
201 °
Dip
-80 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This broad intercept, while low-grade, contributes to the understanding of the mineralised system's extent. The lack of true width information reduces confidence in its actual significance.

Positive factors

  • Broad intercept length indicates significant mineralised envelope
  • Intercept contributes to expanding the known mineralised footprint

Negative factors

  • Grade is relatively low for gold
  • True width is not known, potentially overstating actual thickness

Evidence · table

“0.25”

Context: 52.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW014Waitekauri · goldGrade: 0.52Grade Unit: g/tIntercept: 8.5 mView all details
Link to this fact

Identity

Hole ID
TGW014
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.52
Grade Unit
g/t
Intercept
8.5 m
From
55 m
To
63.5 m
Hole Depth
100 m
Intercept Depth
47.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW014:55-63.5
Mining Method
unknown

Location

Easting
1844167.05
Northing
5859312.88
Elevation
389.86 m
Azimuth
201 °
Dip
-80 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This sub-interval shows a moderate grade within the broader mineralisation, indicating local concentration of gold and providing a vector for follow-up. True width remains unknown.

Positive factors

  • Higher-grade sub-interval within a broader mineralised zone
  • Provides useful vector for future targeting

Negative factors

  • Grade is still moderate for gold
  • True width is not known

Evidence · table

“0.52”

Context: 8.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

TGW014Waitekauri · goldGrade: 0.71Grade Unit: g/tIntercept: 1.5 mView all details
Link to this fact

Identity

Hole ID
TGW014
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
0.71
Grade Unit
g/t
Intercept
1.5 m
From
62 m
To
63.5 m
Hole Depth
100 m
Intercept Depth
47.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
TGW014:62-63.5
Mining Method
unknown

Location

Easting
1844167.05
Northing
5859312.88
Elevation
389.86 m
Azimuth
201 °
Dip
-80 °
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This narrow, moderate-grade sub-interval confirms local gold concentration but is not particularly material on its own, and true width is unknown.

Positive factors

  • Confirms local gold concentration within the broader zone

Negative factors

  • Narrow intercept length
  • Grade is moderate for gold
  • True width is not known

Evidence · table

“0.71”

Context: 1.5

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML2Waitekauri · goldGrade: 4.4Grade Unit: g/tIntercept: 15 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML2
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
4.4
Grade Unit
g/t
Intercept
15 m
From
69 m
To
84 m
Intercept Depth
69 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML2:69-84
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is a strong historical intercept, indicating significant high-grade potential at the Sovereign prospect. However, it is not new information and the mention of a void affecting recovery reduces confidence in the continuity of the grade.

Positive factors

  • High-grade intercept over a good width
  • Indicates strong historical potential at Sovereign

Negative factors

  • Historical result, not new information
  • True width is not known
  • No recovery due to void from 67 to 69m, affecting confidence in continuity

Evidence · text

“ML2 15.0m @ 4.40g/t Au from 69m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML2Waitekauri · goldGrade: 6.72Grade Unit: g/tIntercept: 5 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML2
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
6.72
Grade Unit
g/t
Intercept
5 m
From
69 m
To
74 m
Intercept Depth
69 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML2:69-74
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This very high-grade historical sub-interval further highlights the strong potential for high-grade mineralisation at Sovereign. However, it is not new information and the issue with core recovery in the parent interval impacts confidence.

Positive factors

  • Very high-grade sub-interval over a good width
  • Indicates strong historical high-grade potential

Negative factors

  • Historical result, not new information
  • True width is not known
  • No recovery due to void in the parent interval affects confidence

Evidence · text

“5m @ 6.72g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML6Waitekauri · goldGrade: 12.6Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML6
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
12.6
Grade Unit
g/t
Intercept
4 m
From
138 m
To
142 m
Intercept Depth
138 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML6:138-142
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This is an exceptional historical intercept, demonstrating very high-grade potential at the Sovereign prospect. While not new, it provides strong context for future exploration.

Positive factors

  • Exceptional historical gold grade over a good width
  • Indicates very strong high-grade potential at Sovereign

Negative factors

  • Historical result, not new information
  • True width is not known

Evidence · text

“ML6 4.0m @ 12.6g/t Au from 138m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML6Waitekauri · goldGrade: 22.8Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML6
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
22.8
Grade Unit
g/t
Intercept
2 m
From
138 m
To
140 m
Intercept Depth
138 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML6:138-140
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This bonanza historical sub-interval is an exceptional indicator of very high-grade gold potential at Sovereign, providing strong encouragement for future drilling, despite being old data.

Positive factors

  • Bonanza historical gold grade over a good width
  • Indicates exceptional high-grade potential at Sovereign

Negative factors

  • Historical result, not new information
  • True width is not known

Evidence · text

“2m @ 22.8g/t Au from 138m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML12Waitekauri · goldGrade: 3.9Grade Unit: g/tIntercept: 8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML12
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
3.9
Grade Unit
g/t
Intercept
8 m
From
108 m
To
116 m
Intercept Depth
108 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML12:108-116
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This high-grade historical intercept over a good width indicates strong potential at Sovereign, providing valuable context for planned drilling, despite being old data.

Positive factors

  • High-grade historical intercept over a good width
  • Indicates strong potential at Sovereign

Negative factors

  • Historical result, not new information
  • True width is not known

Evidence · text

“ML12 8.0m @ 3.9g/t Au from 108m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML12Waitekauri · goldGrade: 7.2Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML12
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
7.2
Grade Unit
g/t
Intercept
2 m
From
112 m
To
114 m
Intercept Depth
108 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML12:112-114
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This very high-grade historical sub-interval is a strong indicator of local high-grade potential, providing valuable context for planned drilling, despite being old data and narrow.

Positive factors

  • Very high-grade historical sub-interval
  • Indicates strong local high-grade potential

Negative factors

  • Historical result, not new information
  • Narrow intercept length
  • True width is not known

Evidence · text

“2m @ 7.2g/t Au from 112m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML12Waitekauri · goldGrade: 5.8Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML12
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
5.8
Grade Unit
g/t
Intercept
4 m
From
124 m
To
128 m
Intercept Depth
108 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML12:124-128
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This high-grade historical intercept over a good width indicates strong potential at Sovereign, providing valuable context for planned drilling, despite being old data.

Positive factors

  • High-grade historical intercept over a good width
  • Indicates strong potential at Sovereign

Negative factors

  • Historical result, not new information
  • True width is not known

Evidence · text

“4.0m @ 5.8g/t Au from 124m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML12Waitekauri · goldGrade: 7Grade Unit: g/tIntercept: 2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML12
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
7
Grade Unit
g/t
Intercept
2 m
From
124 m
To
126 m
Intercept Depth
108 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML12:124-126
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This very high-grade historical sub-interval is a strong indicator of local high-grade potential, providing valuable context for planned drilling, despite being old data and narrow.

Positive factors

  • Very high-grade historical sub-interval
  • Indicates strong local high-grade potential

Negative factors

  • Historical result, not new information
  • Narrow intercept length
  • True width is not known

Evidence · text

“2m @ 7.0g/t Au from 124m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML12Waitekauri · goldGrade: 3.5Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML12
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
3.5
Grade Unit
g/t
Intercept
4 m
From
154 m
To
158 m
Intercept Depth
108 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML12:154-158
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This high-grade historical intercept over a good width indicates strong potential at Sovereign, providing valuable context for planned drilling, despite being old data.

Positive factors

  • High-grade historical intercept over a good width
  • Indicates strong potential at Sovereign

Negative factors

  • Historical result, not new information
  • True width is not known

Evidence · text

“ML12 4.0m @ 3.5g/t Au from 154m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

ML12Waitekauri · goldGrade: 2.6Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
ML12
Project
Waitekauri
Commodity
gold
Region
new zealand's north island
Reported Region
new zealand's north island
Ticker
MEX

Geometry

Grade
2.6
Grade Unit
g/t
Intercept
4 m
From
254 m
To
258 m
Intercept Depth
108 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
ML12:254-258
Mining Method
unknown

Location

Location
Sovereign prospect
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-07-20T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This good-grade historical intercept at depth indicates continued potential at Sovereign, providing valuable context for planned drilling, despite being old data.

Positive factors

  • Good historical gold grade over a good width
  • Indicates potential at depth at Sovereign

Negative factors

  • Historical result, not new information
  • True width is not known

Evidence · text

“ML12 4.0m @ 2.6g/t Au from 254m”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

Fact 29Waitekauri Gold Project · goldGrade: 32.5Grade Unit: g/tView all details
Link to this fact

Identity

Project
Waitekauri Gold Project
Commodity
gold
Region
new zealand's north island
Reported Region
New Zealand's North Island
Ticker
MEX

Geometry

Grade
32.5
Grade Unit
g/t

Classification

Sample Type
surface

Location

Location
Joe’s Track prospect
Easting
1843258
Northing
5858342
CRS
NZGD2000 / NZTM2000
Elevation
330 m
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This exceptional gold grade from a reconnaissance surface sample is a very strong positive indicator of high-grade potential at Joe's Track. However, as a grab sample, it is not representative of bulk mineralisation and requires further work to confirm significance.

Positive factors

  • Exceptional gold grade from reconnaissance sampling
  • Indicates very high-grade potential at Joe's Track
  • New information from recent sampling

Negative factors

  • Surface grab sample, not representative of width or bulk mineralisation
  • Early-stage exploration, requires follow-up drilling

Evidence · text

“TGR0251: mullock; E 1,843,258; N 5,858,342; RL 330 m; quartz-veined mullock; 32.5 g/t Au.”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both 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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

Fact 30Waitekauri Gold Project · goldGrade: 20.1Grade Unit: g/tView all details
Link to this fact

Identity

Project
Waitekauri Gold Project
Commodity
gold
Region
new zealand's north island
Reported Region
New Zealand's North Island
Ticker
MEX

Geometry

Grade
20.1
Grade Unit
g/t

Classification

Sample Type
surface

Location

Location
Joe’s Track prospect
Easting
1843260
Northing
5858352
CRS
NZGD2000 / NZTM2000
Elevation
333 m
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This very high gold grade from a reconnaissance surface sample is a strong positive indicator of high-grade potential at Joe's Track. However, as a grab sample, it is not representative of bulk mineralisation and requires further work to confirm significance.

Positive factors

  • Very high gold grade from reconnaissance sampling
  • Indicates strong high-grade potential at Joe's Track
  • New information from recent sampling

Negative factors

  • Surface grab sample, not representative of width or bulk mineralisation
  • Early-stage exploration, requires follow-up drilling

Evidence · text

“TGR0252: outcrop; E 1,843,260; N 5,858,352; RL 333 m; 40 cm silicified andesite, stockworked host with chalcedonic vein; 20.1 g/t Au.”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both 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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

Fact 31Waitekauri Gold Project · goldGrade: 1.9Grade Unit: g/tView all details
Link to this fact

Identity

Project
Waitekauri Gold Project
Commodity
gold
Region
new zealand's north island
Reported Region
New Zealand's North Island
Ticker
MEX

Geometry

Grade
1.9
Grade Unit
g/t

Classification

Sample Type
surface

Location

Location
Joe’s Track prospect
Easting
1843261
Northing
5858352
CRS
NZGD2000 / NZTM2000
Elevation
333 m
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This good gold grade from a reconnaissance surface sample is a positive indicator of potential at Joe's Track. However, as a grab sample, it is not representative of bulk mineralisation and requires further work to confirm significance.

Positive factors

  • Good gold grade from reconnaissance sampling
  • New information from recent sampling

Negative factors

  • Surface grab sample, not representative of width or bulk mineralisation
  • Early-stage exploration, requires follow-up drilling

Evidence · text

“TGR0253: outcrop; E 1,843,261; N 5,858,352; RL 333 m; 35 cm silicified andesite, stockworked host with fine-crystalline chalcedonic vein; 1.90 g/t Au.”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both 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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

Fact 32Waitekauri Gold Project · goldGrade: 1.35Grade Unit: g/tView all details
Link to this fact

Identity

Project
Waitekauri Gold Project
Commodity
gold
Region
new zealand's north island
Reported Region
New Zealand's North Island
Ticker
MEX

Geometry

Grade
1.35
Grade Unit
g/t

Classification

Sample Type
surface

Location

Location
Joe’s Track prospect
Easting
1843257
Northing
5858341
CRS
NZGD2000 / NZTM2000
Elevation
329 m
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This good gold grade from a reconnaissance surface sample is a positive indicator of potential at Joe's Track. However, as a grab sample, it is not representative of bulk mineralisation and requires further work to confirm significance.

Positive factors

  • Good gold grade from reconnaissance sampling
  • New information from recent sampling

Negative factors

  • Surface grab sample, not representative of width or bulk mineralisation
  • Early-stage exploration, requires follow-up drilling

Evidence · text

“TGR0254: mullock; E 1,843,257; N 5,858,341; RL 329 m; quartz-veined mullock; 1.35 g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both 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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

Fact 33Waitekauri Gold Project · goldGrade: 0.07Grade Unit: g/tView all details
Link to this fact

Identity

Project
Waitekauri Gold Project
Commodity
gold
Region
new zealand's north island
Reported Region
New Zealand's North Island
Ticker
MEX

Geometry

Grade
0.07
Grade Unit
g/t

Classification

Sample Type
surface

Location

Location
Joe’s Track prospect
Easting
1843262
Northing
5858343
CRS
NZGD2000 / NZTM2000
Elevation
331 m
Loc. Confidence
medium
Loc. Source
document

QA/QC

Laboratory
SGS Waihi
QA/QC Disclosed
Yes
Lab Certified
Yes
QP Signed
Yes
QA/QC Methods
blanks, standards, check_assays

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t Au
Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: This very low gold grade from a reconnaissance surface sample is not material and indicates limited potential in this specific sample. As a grab sample, it is not representative of bulk mineralisation and requires further work.

Positive factors

  • New information from recent sampling

Negative factors

  • Very low gold grade for a surface sample
  • Surface grab sample, not representative of width or bulk mineralisation
  • Early-stage exploration, requires follow-up drilling

Evidence · text

“TGR0255: mullock; E 1,843,262; N 5,858,343; RL 331 m; massive crystalline quartz-vein mullock; 0.07 g/t Au.”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both 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: "mineralsexploration.com.au 23 September 2026 Waitekauri Gold Project Broad Gold Mineralisation Intersected in Second- St"

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.