# MGX: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153105 Publisher: asx Original announcement: 2026-10-15T21:23:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-15T22:25:11.365Z Atlas analysis updated: 2026-10-15T22:25:11.365Z - 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 Narrative sentiment: 0.10 · Bullish ## Minestarters Atlas 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 factor: Successful strategic pivot from iron ore to gold - Positive factor: Acquisition and advancement of the Central Tanami Gold Project - Positive factor: Robust balance sheet with substantial cash and investments - Positive factor: Positive operating cashflow from Koolan Island despite operational challenges - Negative factor: Net loss after tax due to significant non-cash impairments - Negative factor: Early cessation of mining at Koolan Island due to rockfall - Negative factor: 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 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 17. Some facts used in scoring do not have a stored record. ## Resource Estimates (17) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-0) Koolan Island · iron\_ore #### 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 factor: Overall resource reduction at Koolan Island Evidence · table > 59.9 Context: 2.1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-1) Koolan Island · silicon\_dioxide #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-2) Koolan Island · aluminium\_oxide #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-3) Koolan Island · phosphorus #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-4) Koolan Island · iron\_ore #### 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 factor: Overall resource reduction at Koolan Island Evidence · table > 58.2 Context: 1.2 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-5) Koolan Island · silicon\_dioxide #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-6) Koolan Island · aluminium\_oxide #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-7) Koolan Island · phosphorus #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-8) Central Tanami Project Joint Venture · gold #### 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 factor: High-grade indicated resource for a key deposit - Positive factor: First inclusion of CTPJV resources in this annual report Evidence · table > 3.5 Context: 5.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-9) Central Tanami Project Joint Venture · gold #### 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 factor: High-grade inferred resource for a key deposit - Positive factor: First inclusion of CTPJV resources in this annual report Evidence · table > 3.1 Context: 6.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-10) Central Tanami Project Joint Venture · gold #### 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 factor: Indicated resource for a focus deposit - Positive factor: First inclusion of CTPJV resources in this annual report Evidence · table > 2.7 Context: 0.6 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-11) Central Tanami Project Joint Venture · gold #### 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 factor: Inferred resource for a focus deposit - Positive factor: First inclusion of CTPJV resources in this annual report Evidence · table > 2.7 Context: 2.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-12) Central Tanami Project Joint Venture · gold #### 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 factor: First inclusion of CTPJV resources in this annual report Evidence · table > 2.5 Context: 0.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-13) Central Tanami Project Joint Venture · gold #### 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 factor: First inclusion of CTPJV resources in this annual report Evidence · table > 2.0 Context: 0.4 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-14) Central Tanami Project Joint Venture · gold #### 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 factor: Large inferred resource base from other deposits - Positive factor: First inclusion of CTPJV resources in this annual report Evidence · table > 2.4 Context: 16.6 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-15) Central Tanami Project Joint Venture · gold #### 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 factor: Significant indicated resource for the entire project - Positive factor: First inclusion of CTPJV resources in this annual report Evidence · table > 3.3 Context: 6.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/mgx-annual-report-to-shareholders--a3af0195-cefc-4350-b7a4-3696f0592032#fact-resource-facts-16) Central Tanami Project Joint Venture · gold #### 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 factor: Large inferred resource for the entire project - Positive factor: First inclusion of CTPJV resources in this annual report Evidence · table > 2.6 Context: 25.0 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.