# MEX: Quarterly Activities/Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153377 Publisher: asx Original announcement: 2026-10-16T01:34:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-16T02:12:20.408Z Atlas analysis updated: 2026-10-16T02:12:20.408Z - 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 Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: Confirmation of significant mineralised system at Jubilee South - Positive factor: High-grade gold and tungsten rock chip results at Invincible - Positive factor: Improved geological understanding and new drill targets identified - Positive factor: Strong exploration potential for bulk tonnage deposits - Negative factor: Drill grades at Jubilee South are broad but generally low, not replicating historical high grades - Negative factor: Rock chip samples are selective and not representative of overall grade - Negative factor: Low cash balance and short funding runway \(1.91 quarters\) Facts used in scoring: 30 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 30. Some facts used in scoring do not have a stored record. ## Drill Results (30) ### TGW011 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-0) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > 80.3m @ 0.30g/t Au from 122.0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW011 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-1) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > including 16.0m @ 0.52g/t Au from 159.0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW011 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-2) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > and 1.0m @ 1.21g/t Au from 170.0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW014 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-3) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW014 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-4) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > including 8.5m @ 0.52g/t Au from 55.0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW012 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-5) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > 22.7m @ 0.35g/t Au from 135.5m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW012 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-6) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > including 8.8m @ 0.62g/t Au from 145.0m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW012 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-7) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > and 0.9m @ 2.60g/t Au from 150.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW013 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-8) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > 3.8m @ 1.10g/t Au from 70.8m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### TGW013 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-9) Waitekauri · gold #### 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 factor: Apparent width only - Negative factor: No QA/QC disclosure - Negative factor: Cut-off grade undisclosed Evidence · text > including 1.0m @ 2.79g/t Au #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 Disclosure** — Rejected; excluded from scoring Polarity: negative Definition: 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 Undisclosed** — Rejected; excluded from scoring Polarity: negative Definition: 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 Extension** — Rejected; excluded from scoring Polarity: positive Definition: 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 ### A1496 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-10) Invincible Gold - Tungsten Project · gold #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.62 Context: A1496 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1498 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-11) Invincible Gold - Tungsten Project · gold #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.62 Context: A1498 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1498 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-12) Invincible Gold - Tungsten Project · tungsten #### 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 factor: Bonanza Intercept - Positive factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 2.25% WO₃ Context: A1498 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1499 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-13) Invincible Gold - Tungsten Project · gold #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.12 Context: A1499 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1499 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-14) Invincible Gold - Tungsten Project · tungsten #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 1.17% WO₃ Context: A1499 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1500 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-15) Invincible Gold - Tungsten Project · gold #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.11 Context: A1500 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1500 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-16) Invincible Gold - Tungsten Project · tungsten #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 174 ppm W Context: A1500 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1501 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-17) Invincible Gold - Tungsten Project · gold #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.05 Context: A1501 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1501 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-18) Invincible Gold - Tungsten Project · tungsten #### 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 factor: Bonanza Intercept - Positive factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 6.04% WO₃ Context: A1501 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1502 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-19) Invincible Gold - Tungsten Project · gold #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.36 Context: A1502 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1502 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-20) Invincible Gold - Tungsten Project · tungsten #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 220 ppm W Context: A1502 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387115 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-21) Invincible Gold - Tungsten Project · gold #### 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 factor: Bonanza Intercept - Positive factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 32.9 Context: 387115 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387115 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-22) Invincible Gold - Tungsten Project · tungsten #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.135 Context: 387115 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387116 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-23) Invincible Gold - Tungsten Project · gold #### 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 factor: Bonanza Intercept - Positive factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 37.4 Context: 387116 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387116 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-24) Invincible Gold - Tungsten Project · tungsten #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.116 Context: 387116 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387118 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-25) Invincible Gold - Tungsten Project · gold #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.19 Context: 387118 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387118 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-26) Invincible Gold - Tungsten Project · tungsten #### 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 factor: Bonanza Intercept - Positive factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 1.82 Context: 387118 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387120 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-27) Invincible Gold - Tungsten Project · gold #### 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 factor: Bonanza Intercept - Positive factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 14.7 Context: 387120 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### 387120 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-28) Invincible Gold - Tungsten Project · tungsten #### 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 factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 0.007 Context: 387120 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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. ### A1075 [Link to this fact](https://atlas-staging.minestarters.com/news/mex-quarterly-activities-appendix-5b-cash-flow-report--a4e28492-7628-489e-99ed-048586152bcc#fact-drill-facts-29) Invincible Gold - Tungsten Project · tungsten #### 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 factor: Bonanza Intercept - Positive factor: QA/QC disclosed - Positive factor: Nearology play Evidence · table > 2.63 Context: A1075 #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: 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 Play** — Rejected; excluded from scoring Polarity: neutral Definition: 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.