MEX: Quarterly Activities/Appendix 5B Cash Flow Report

Original announcement by asx on

Company
Minerals Exploration Limited
Ticker
MEX
Exchange
ASX
Region
New Zealand
Primary commodity
Gold
Secondary commodities
Tungsten
Document categories
Drill results, Other
Extracted
2026-10-16 02:12:21 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Minerals Exploration Limited reported new drill results from its Waitekauri Gold Project, confirming broad gold mineralisation at Jubilee South with intercepts such as 80.3m @ 0.30g/t Au. At the Invincible Gold-Tungsten Project, rock chip samples returned high-grade gold and tungsten, including up to 37.4g/t Au and 6.04% WO₃, highlighting strong exploration potential. The company ended the quarter with $1.96 million in cash, with an estimated funding runway of 1.91 quarters, indicating a need for future capital.

Reasoning: The report presents new drill results confirming broad gold mineralisation at Waitekauri, albeit with lower grades than historical intercepts, and high-grade gold and tungsten rock chip samples at Invincible, indicating strong exploration potential. However, the company's cash position suggests a need for future funding.

Positive factors

  • Confirmation of significant mineralised system at Jubilee South
  • High-grade gold and tungsten rock chip results at Invincible
  • Improved geological understanding and new drill targets identified
  • Strong exploration potential for bulk tonnage deposits

Negative factors

  • Drill grades at Jubilee South are broad but generally low, not replicating historical high grades
  • Rock chip samples are selective and not representative of overall grade
  • Low cash balance and short funding runway (1.91 quarters)

Facts used in scoring: 30

Extracted facts

Stored fact records: 30. Some facts used in scoring do not have a stored record.

Drill Results (30)

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
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW011:122-202.3
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Broad gold mineralisation confirmed, but grade is weak for gold.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“80.3m @ 0.30g/t Au from 122.0m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“80.3m @ 0.30g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“80.3m @ 0.30g/t Au from 122.0m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
TGW011Waitekauri · goldGrade: 0.52Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
TGW011
Project
Waitekauri
Commodity
gold
Region
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW011:159-175
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Sub-interval shows slightly higher grade within broad zone, but still weak for gold.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“including 16.0m @ 0.52g/t Au from 159.0m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“16.0m @ 0.52g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“16.0m @ 0.52g/t Au from 159.0m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
TGW011Waitekauri · goldGrade: 1.21Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
TGW011
Project
Waitekauri
Commodity
gold
Region
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW011:170-171
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Narrow sub-interval with moderate gold grade.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“and 1.0m @ 1.21g/t Au from 170.0m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“1.0m @ 1.21g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“1.0m @ 1.21g/t Au from 170.0m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
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
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW014:47.5-100
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Broad gold mineralisation confirmed, but grade is weak for gold.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“52.5m @ 0.25g/t Au from 47.5m to end of hole”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“52.5m @ 0.25g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“52.5m @ 0.25g/t Au from 47.5m to end of hole”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
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
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW014:55-63.5
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Sub-interval shows slightly higher grade within broad zone, but still weak for gold.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“including 8.5m @ 0.52g/t Au from 55.0m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“8.5m @ 0.52g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“8.5m @ 0.52g/t Au from 55.0m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
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
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW012:135.5-158.2
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Broad gold mineralisation confirmed, but grade is weak for gold.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“22.7m @ 0.35g/t Au from 135.5m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“22.7m @ 0.35g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“22.7m @ 0.35g/t Au from 135.5m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
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
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW012:145-153.8
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Sub-interval shows slightly higher grade within broad zone, but still weak for gold.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“including 8.8m @ 0.62g/t Au from 145.0m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“8.8m @ 0.62g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“8.8m @ 0.62g/t Au from 145.0m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
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
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW012:150.8-151.7
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Narrow sub-interval with strong gold grade.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“and 0.9m @ 2.60g/t Au from 150.8m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“0.9m @ 2.60g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“0.9m @ 2.60g/t Au from 150.8m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
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
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW013:70.8-74.6
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Moderate gold grade over a narrow interval.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“3.8m @ 1.10g/t Au from 70.8m”

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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“3.8m @ 1.10g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“3.8m @ 1.10g/t Au from 70.8m”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
TGW013Waitekauri · goldGrade: 2.79Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
TGW013
Project
Waitekauri
Commodity
gold
Region
north island, nz
Reported Region
north island, nz
Ticker
MEX

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
TGW013:70.8-71.8
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Narrow sub-interval with strong gold grade.

Negative factors

  • Apparent width only
  • No QA/QC disclosure
  • Cut-off grade undisclosed

Evidence · text

“including 1.0m @ 2.79g/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

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Apparent Width OnlyRejected · negative

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

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

Evidence · text

“1.0m @ 2.79g/t Au”

No QA/QC DisclosureRejected · negative

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Reason: Release does not disclose QA/QC for drill results — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Evidence · text

“Assays from the four-hole, 633.5m diamond drilling program completed included1:”

Cut-off UndisclosedRejected · negative

High-grade interval reported without stating the cut-off grade used for compositing.

Reason: High-grade interval reported without stating the cut-off grade used for compositing.

Evidence · text

“1.0m @ 2.79g/t Au”

Step-Out ExtensionRejected · positive

Mineralization extended beyond the previously known limit.

Reason: The drilling program was designed to test shallow extensions of known mineralisation.

Evidence · text

“The program was designed to test shallow extensions of the high-grade mineralisation historically mined at the Jubilee Gold Mine”
A1496Invincible Gold - Tungsten Project · goldGrade: 0.62Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
A1496
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.62
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240788
Northing
5037286
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with moderate gold grade, part of new exploration.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.62”

Context: A1496

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1498Invincible Gold - Tungsten Project · goldGrade: 0.62Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
A1498
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.62
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240832
Northing
5037293
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with moderate gold grade, part of new exploration.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.62”

Context: A1498

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1498Invincible Gold - Tungsten Project · tungstenGrade: 1.784Grade Unit: %View all details
Link to this fact

Identity

Hole ID
A1498
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
1.784
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240832
Northing
5037293
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: High-grade tungsten rock chip sample, indicating strong exploration potential.

Positive factors

  • Bonanza Intercept
  • QA/QC disclosed
  • Nearology play

Evidence · table

“2.25% WO₃”

Context: A1498

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: Exceptional high-grade zone, well above the deposit-type norm.

Evidence · table

“2.25% WO₃”

Context: A1498

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1499Invincible Gold - Tungsten Project · goldGrade: 0.12Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
A1499
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.12
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240865
Northing
5037284
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with weak gold grade, part of new exploration.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.12”

Context: A1499

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1499Invincible Gold - Tungsten Project · tungstenGrade: 0.928Grade Unit: %View all details
Link to this fact

Identity

Hole ID
A1499
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.928
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240865
Northing
5037284
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: High-grade tungsten rock chip sample, indicating strong exploration potential.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“1.17% WO₃”

Context: A1499

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1500Invincible Gold - Tungsten Project · goldGrade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
A1500
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.11
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240841
Northing
5037281
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with weak gold grade, part of new exploration.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.11”

Context: A1500

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1500Invincible Gold - Tungsten Project · tungstenGrade: 0.0174Grade Unit: %View all details
Link to this fact

Identity

Hole ID
A1500
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.0174
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240841
Northing
5037281
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with very low tungsten grade.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“174 ppm W”

Context: A1500

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1501Invincible Gold - Tungsten Project · goldGrade: 0.05Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
A1501
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.05
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240840
Northing
5037293
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with weak gold grade, part of new exploration.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.05”

Context: A1501

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1501Invincible Gold - Tungsten Project · tungstenGrade: 4.79Grade Unit: %View all details
Link to this fact

Identity

Hole ID
A1501
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
4.79
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240840
Northing
5037293
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Exceptional high-grade tungsten rock chip sample, indicating strong exploration potential.

Positive factors

  • Bonanza Intercept
  • QA/QC disclosed
  • Nearology play

Evidence · table

“6.04% WO₃”

Context: A1501

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: Exceptional high-grade zone, well above the deposit-type norm.

Evidence · table

“6.04% WO₃”

Context: A1501

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1502Invincible Gold - Tungsten Project · goldGrade: 0.36Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
A1502
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.36
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240840
Northing
5037293
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with weak gold grade, part of new exploration.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.36”

Context: A1502

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1502Invincible Gold - Tungsten Project · tungstenGrade: 0.022Grade Unit: %View all details
Link to this fact

Identity

Hole ID
A1502
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.022
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Lower Invincible
Easting
1240840
Northing
5037293
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with very low tungsten grade.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“220 ppm W”

Context: A1502

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387115Invincible Gold - Tungsten Project · goldGrade: 32.9Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
387115
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
32.9
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Exceptional high-grade gold rock chip sample, indicating strong exploration potential.

Positive factors

  • Bonanza Intercept
  • QA/QC disclosed
  • Nearology play

Evidence · table

“32.9”

Context: 387115

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: Exceptional high-grade zone, well above the deposit-type norm.

Evidence · table

“32.9”

Context: 387115

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387115Invincible Gold - Tungsten Project · tungstenGrade: 0.135Grade Unit: %View all details
Link to this fact

Identity

Hole ID
387115
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.135
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Moderate tungsten grade rock chip sample.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.135”

Context: 387115

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387116Invincible Gold - Tungsten Project · goldGrade: 37.4Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
387116
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
37.4
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Exceptional high-grade gold rock chip sample, indicating strong exploration potential.

Positive factors

  • Bonanza Intercept
  • QA/QC disclosed
  • Nearology play

Evidence · table

“37.4”

Context: 387116

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: Exceptional high-grade zone, well above the deposit-type norm.

Evidence · table

“37.4”

Context: 387116

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387116Invincible Gold - Tungsten Project · tungstenGrade: 0.116Grade Unit: %View all details
Link to this fact

Identity

Hole ID
387116
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.116
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Moderate tungsten grade rock chip sample.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.116”

Context: 387116

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387118Invincible Gold - Tungsten Project · goldGrade: 0.19Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
387118
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.19
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with weak gold grade, part of new exploration.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.19”

Context: 387118

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387118Invincible Gold - Tungsten Project · tungstenGrade: 1.82Grade Unit: %View all details
Link to this fact

Identity

Hole ID
387118
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
1.82
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: High-grade tungsten rock chip sample, indicating strong exploration potential.

Positive factors

  • Bonanza Intercept
  • QA/QC disclosed
  • Nearology play

Evidence · table

“1.82”

Context: 387118

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: Exceptional high-grade zone, well above the deposit-type norm.

Evidence · table

“1.82”

Context: 387118

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387120Invincible Gold - Tungsten Project · goldGrade: 14.7Grade Unit: g/tView all details
Link to this fact

Identity

Hole ID
387120
Project
Invincible Gold - Tungsten Project
Commodity
gold
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
14.7
Grade Unit
g/t

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Exceptional high-grade gold rock chip sample, indicating strong exploration potential.

Positive factors

  • Bonanza Intercept
  • QA/QC disclosed
  • Nearology play

Evidence · table

“14.7”

Context: 387120

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: Exceptional high-grade zone, well above the deposit-type norm.

Evidence · table

“14.7”

Context: 387120

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
387120Invincible Gold - Tungsten Project · tungstenGrade: 0.007Grade Unit: %View all details
Link to this fact

Identity

Hole ID
387120
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
0.007
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
State Mine
Easting
1238093
Northing
5023288
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Surface sample with very low tungsten grade.

Positive factors

  • QA/QC disclosed
  • Nearology play

Evidence · table

“0.007”

Context: 387120

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”
A1075Invincible Gold - Tungsten Project · tungstenGrade: 2.63Grade Unit: %View all details
Link to this fact

Identity

Hole ID
A1075
Project
Invincible Gold - Tungsten Project
Commodity
tungsten
Region
south island, nz
Reported Region
South Island, NZ
Ticker
MEX

Geometry

Grade
2.63
Grade Unit
%

Classification

Deposit Type
orogenic
Program
exploration
Sample Type
surface
Mining Method
underground

Location

Location
Davidsons Mine
Easting
1237776
Northing
5030049
CRS
NZTM2000 / NZGD2000
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS New Zealand
QA/QC Disclosed
Yes
Lab Certified
No
QA/QC Methods
check_assays, duplicates

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Exceptional high-grade tungsten rock chip sample, indicating strong exploration potential.

Positive factors

  • Bonanza Intercept
  • QA/QC disclosed
  • Nearology play

Evidence · table

“2.63”

Context: A1075

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Rejected tags

Rejected tags — excluded from scoring because their label or evidence could not be verified.

Bonanza InterceptRejected · positive

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

Reason: Exceptional high-grade zone, well above the deposit-type norm.

Evidence · table

“2.63”

Context: A1075

QA/QC DisclosedRejected · positive

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

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

Evidence · text

“Rock-chip and mullock samples were submitted to SGS New Zealand for laboratory preparation and analysis.”

Nearology PlayRejected · neutral

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

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

Evidence · text

“shares key geological features with several large gold deposits in the Otago Goldfields in the South Island, including OceanaGold’s world class Macraes Gold Mine located 170km to the southeast, and Santana Minerals’ 2.2Moz Au Bendigo-Ophir deposit located 65km to the east.”

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.