MGX: Annual Report to shareholders
Original announcement by asx on
- Company
- MGX Resources Limited
- Ticker
- MGX
- Exchange
- ASX
- Region
- Northern Territory
- Primary commodity
- Gold
- Secondary commodities
- Iron ore, Aluminium oxide, Silicon dioxide, Phosphorus
- Document categories
- Other, Resource update
- Extracted
- 2026-10-15 22:25:12 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
MGX Resources Limited's 2026 Annual Report highlights a pivotal year of strategic transition, marked by the divestment of its Koolan Island iron ore operation and the acquisition of a 50% interest in the Central Tanami Gold Project (CTPJV). The company reported a net loss after tax of $30.2 million due to impairments, but maintained a robust balance sheet with $412.1 million in cash and investments. The report also includes updated mineral resource estimates, showing a reduction at Koolan Island and the first inclusion of CTPJV gold resources totaling 31.0 Mt at 2.8 g/t Au for 2.8 Moz.
Reasoning: The annual report details MGX's strategic pivot from iron ore to gold, marked by the divestment of Koolan Island and the acquisition and advancement of the Central Tanami Gold Project, alongside financial results and updated mineral resources.
Positive factors
- Successful strategic pivot from iron ore to gold
- Acquisition and advancement of the Central Tanami Gold Project
- Robust balance sheet with substantial cash and investments
- Positive operating cashflow from Koolan Island despite operational challenges
Negative factors
- Net loss after tax due to significant non-cash impairments
- Early cessation of mining at Koolan Island due to rockfall
- Reduction in Koolan Island mineral resources and declassification of all ore reserves
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 17
Extracted facts
Stored fact records: 17. Some facts used in scoring do not have a stored record.
Resource Estimates (17)
indicatedKoolan Island · iron_oreTonnes: 2100000Grade: 59.9Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:e0e3cfc81967f86280c3
- Deposit or zone
- Mangrove
Resource Data
- Category
- indicated
- Tonnes
- 2100000
- Grade
- 59.9
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated iron ore resource for the Mangrove deposit at Koolan Island is part of the remaining resources after significant depletion and declassification of reserves.
Negative factors
- Overall resource reduction at Koolan Island
Evidence · table
“59.9”
Context: 2.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedKoolan Island · silicon_dioxideTonnes: 2100000Grade: 11.36Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- silicon_dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:e0e3cfc81967f86280c3
- Deposit or zone
- Mangrove
Resource Data
- Category
- indicated
- Tonnes
- 2100000
- Grade
- 11.36
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated silicon dioxide grade is reported as part of the remaining iron ore resource at Mangrove, Koolan Island.
Evidence · table
“11.36”
Context: 2.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedKoolan Island · aluminium_oxideTonnes: 2100000Grade: 0.8Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- aluminium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:e0e3cfc81967f86280c3
- Deposit or zone
- Mangrove
Resource Data
- Category
- indicated
- Tonnes
- 2100000
- Grade
- 0.8
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated aluminium oxide grade is reported as part of the remaining iron ore resource at Mangrove, Koolan Island.
Evidence · table
“0.80”
Context: 2.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedKoolan Island · phosphorusTonnes: 2100000Grade: 0.039Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:e0e3cfc81967f86280c3
- Deposit or zone
- Mangrove
Resource Data
- Category
- indicated
- Tonnes
- 2100000
- Grade
- 0.039
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated phosphorus grade is reported as part of the remaining iron ore resource at Mangrove, Koolan Island.
Evidence · table
“0.039”
Context: 2.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredKoolan Island · iron_oreTonnes: 1200000Grade: 58.2Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:ff66c1b4d872d07437f1
- Deposit or zone
- Mangrove
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 58.2
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred iron ore resource for the Mangrove deposit at Koolan Island is part of the remaining resources after significant depletion and declassification of reserves.
Negative factors
- Overall resource reduction at Koolan Island
Evidence · table
“58.2”
Context: 1.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredKoolan Island · silicon_dioxideTonnes: 1200000Grade: 13.7Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- silicon_dioxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:ff66c1b4d872d07437f1
- Deposit or zone
- Mangrove
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 13.7
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred silicon dioxide grade is reported as part of the remaining iron ore resource at Mangrove, Koolan Island.
Evidence · table
“13.70”
Context: 1.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredKoolan Island · aluminium_oxideTonnes: 1200000Grade: 0.97Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- aluminium_oxide
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:ff66c1b4d872d07437f1
- Deposit or zone
- Mangrove
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 0.97
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred aluminium oxide grade is reported as part of the remaining iron ore resource at Mangrove, Koolan Island.
Evidence · table
“0.97”
Context: 1.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredKoolan Island · phosphorusTonnes: 1200000Grade: 0.038Grade Unit: %View all detailsHide details
Identity
- Project
- Koolan Island
- Commodity
- phosphorus
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Elizabeth Haren
- Resource group id
- resource:ff66c1b4d872d07437f1
- Deposit or zone
- Mangrove
Resource Data
- Category
- inferred
- Tonnes
- 1200000
- Grade
- 0.038
- Grade Unit
- %
- Cutoff Grade
- 50
- Cutoff Unit
- % Fe
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred phosphorus grade is reported as part of the remaining iron ore resource at Mangrove, Koolan Island.
Evidence · table
“0.038”
Context: 1.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCentral Tanami Project Joint Venture · goldTonnes: 5000000Grade: 3.5Grade Unit: g/tContained Metal: 560Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3e36ab919ad69630b794
- Deposit or zone
- Groundrush
Resource Data
- Category
- indicated
- Tonnes
- 5000000
- Grade
- 3.5
- Grade Unit
- g/t
- Contained Metal
- 560
- Contained Unit
- koz
- Cutoff Grade
- 1.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated gold resource at Groundrush is a significant component of the newly included Central Tanami Project Joint Venture resources, supporting future development.
Positive factors
- High-grade indicated resource for a key deposit
- First inclusion of CTPJV resources in this annual report
Evidence · table
“3.5”
Context: 5.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCentral Tanami Project Joint Venture · goldTonnes: 6000000Grade: 3.1Grade Unit: g/tContained Metal: 600Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:e070becc689a1fb0f32d
- Deposit or zone
- Groundrush
Resource Data
- Category
- inferred
- Tonnes
- 6000000
- Grade
- 3.1
- Grade Unit
- g/t
- Contained Metal
- 600
- Contained Unit
- koz
- Cutoff Grade
- 1.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred gold resource at Groundrush is a significant component of the newly included Central Tanami Project Joint Venture resources, indicating further potential.
Positive factors
- High-grade inferred resource for a key deposit
- First inclusion of CTPJV resources in this annual report
Evidence · table
“3.1”
Context: 6.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCentral Tanami Project Joint Venture · goldTonnes: 600000Grade: 2.7Grade Unit: g/tContained Metal: 50Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:fb6a5255ebdd1aec8526
- Deposit or zone
- Jims
Resource Data
- Category
- indicated
- Tonnes
- 600000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 50
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated gold resource at Jims contributes to the overall Central Tanami Project Joint Venture resource base.
Positive factors
- Indicated resource for a focus deposit
- First inclusion of CTPJV resources in this annual report
Evidence · table
“2.7”
Context: 0.6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCentral Tanami Project Joint Venture · goldTonnes: 2000000Grade: 2.7Grade Unit: g/tContained Metal: 170Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:7eaf7f8621d0e8cf83da
- Deposit or zone
- Jims
Resource Data
- Category
- inferred
- Tonnes
- 2000000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 170
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred gold resource at Jims contributes to the overall Central Tanami Project Joint Venture resource base.
Positive factors
- Inferred resource for a focus deposit
- First inclusion of CTPJV resources in this annual report
Evidence · table
“2.7”
Context: 2.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCentral Tanami Project Joint Venture · goldTonnes: 400000Grade: 2.5Grade Unit: g/tContained Metal: 30Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:38463b3975b8c8ff2f2d
- Deposit or zone
- Ripcord
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 2.5
- Grade Unit
- g/t
- Contained Metal
- 30
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred gold resource at Ripcord is part of the broader Central Tanami Project Joint Venture resource base.
Positive factors
- First inclusion of CTPJV resources in this annual report
Evidence · table
“2.5”
Context: 0.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCentral Tanami Project Joint Venture · goldTonnes: 400000Grade: 2Grade Unit: g/tContained Metal: 30Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:fec87d5166db18fecb3a
- Deposit or zone
- Other Deposits
Resource Data
- Category
- indicated
- Tonnes
- 400000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 30
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated gold resource from other deposits contributes to the overall Central Tanami Project Joint Venture resource base.
Positive factors
- First inclusion of CTPJV resources in this annual report
Evidence · table
“2.0”
Context: 0.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCentral Tanami Project Joint Venture · goldTonnes: 16600000Grade: 2.4Grade Unit: g/tContained Metal: 1280Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:e39964dbd70571d10fc7
- Deposit or zone
- Other Deposits
Resource Data
- Category
- inferred
- Tonnes
- 16600000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 1280
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This large inferred gold resource from other deposits significantly contributes to the overall Central Tanami Project Joint Venture resource base.
Positive factors
- Large inferred resource base from other deposits
- First inclusion of CTPJV resources in this annual report
Evidence · table
“2.4”
Context: 16.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCentral Tanami Project Joint Venture · goldTonnes: 6000000Grade: 3.3Grade Unit: g/tContained Metal: 640Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:790a5b85fc0f9e50ccb4
- Deposit or zone
- Total CTPJV
Resource Data
- Category
- indicated
- Tonnes
- 6000000
- Grade
- 3.3
- Grade Unit
- g/t
- Contained Metal
- 640
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This indicated gold resource represents the total indicated portion of the Central Tanami Project Joint Venture, providing a solid foundation.
Positive factors
- Significant indicated resource for the entire project
- First inclusion of CTPJV resources in this annual report
Evidence · table
“3.3”
Context: 6.0
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCentral Tanami Project Joint Venture · goldTonnes: 25000000Grade: 2.6Grade Unit: g/tContained Metal: 2080Contained Unit: kozView all detailsHide details
Identity
- Project
- Central Tanami Project Joint Venture
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- MGX
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:0b83d506f59855b9d174
- Deposit or zone
- Total CTPJV
Resource Data
- Category
- inferred
- Tonnes
- 25000000
- Grade
- 2.6
- Grade Unit
- g/t
- Contained Metal
- 2080
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-15T00:00:00.000Z
Reasoning: This inferred gold resource represents the total inferred portion of the Central Tanami Project Joint Venture, indicating significant exploration potential.
Positive factors
- Large inferred resource for the entire project
- First inclusion of CTPJV resources in this annual report
Evidence · table
“2.6”
Context: 25.0
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.