# MHK: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03149574 Publisher: asx Original announcement: 2026-10-07T02:31:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-07T03:03:42.815Z Atlas analysis updated: 2026-10-07T03:03:42.815Z - Company: METAL HAWK LIMITED - Ticker: MHK - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: Zinc, Copper, Molybdenum, Bismuth, Tellurium - Document categories: Drill results, Capital raise, Other - Extracted: 2026-10-07 03:03:43 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Metal Hawk Limited's annual report for FY26 highlights significant exploration success, particularly at its Leinster South Gold Project in Western Australia. Subsequent to year-end, the company announced its best drill result to date from the Thylacine South zone, intersecting 9m at 12.3 g/t gold, including 5m at 20.7 g/t gold, confirming shallow, high-grade continuity. This success is supported by a recent $1.2 million capital raise to fund ongoing drilling and exploration activities. Reasoning: The annual report highlights a significant new high-grade gold intercept at the Leinster South project, described as the best result to date, confirming continuity and leading to a successful capital raise to fund further drilling. The report also details other strong historical drill results and project acquisitions. - Positive factor: High-grade gold intercept - Positive factor: Confirmation of continuity of high-grade mineralization - Positive factor: Discovery of a new lode - Positive factor: Successful capital raise to fund ongoing drilling - Positive factor: Expansion of project pipeline - Positive factor: EIS co-funding support - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Step-Out Extension - Negative factor: Some RC drilling did not justify immediate follow-up - Negative factor: Cash balance decreased significantly over the FY Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 31 ## Classification and evidence **QP/CP Signed** Polarity: positive Story-specific tag 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: Mr William Belbin is stated as a 'Competent Person' and a Member of the Australian Institute of Geoscientists \(AIG\) responsible for the Exploration Results. Evidence · text > Mr William Belbin and represents an accurate representation of the available data. Mr Belbin is the Managing Director of Metal Hawk Limited and is a “Competent Person” and a Member of the Australian Institute of Geoscientists \(AIG\). **JORC Compliant** Polarity: positive Story-specific tag Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The report refers to 'JORC 2012 reporting tables' for further details on exploration results. Evidence · text > Further details relating to the information provided in this report, including JORC 2012 reporting tables **Bonanza Intercept** Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Why it applies: The sub-interval of 5m @ 20.7g/t Au exceeds the 15 g/t gold exceptional threshold for underground mining and 5 g/t for open pit. Evidence · text > including 5m @ 20.7g/t Au from 72m. **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Follow-up drilling successfully intersected the newly named Numbat lode 35m further down plunge. Evidence · text > Metal Hawk’s follow-up drilling successfully intersected the newly named Numbat lode 35m further down plunge in 26LSRC077 **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: Follow-up RC drilling confirmed the continuity of the Thylacine south zone. Evidence · text > Follow-up RC drilling in early-2026 confirmed the continuity of this zone **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: Multiple drill results from FY26 are presented in an annual report published in October 2026, with explicit references to prior ASX announcements, indicating they are not new assays. Evidence · text > INITIAL RC RESULTS CONFIRM GOLD SYSTEM AT THYLACINE 31 July 2025 ## Extracted facts Stored fact records: 31. Some facts used in scoring do not have a stored record. ## Drill Results (31) ### 26LSRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-0) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC077 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 12.3 - Grade Unit: g/t - Intercept: 9 m - From: 70 m - To: 79 m - Intercept Depth: 70 m #### Classification - Sample Type: drill - Group ID: 26LSRC077:70-79 #### Location - Location: Thylacine south zone, Numbat lode - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: The intercept of 9m @ 12.3g/t Au is a high-grade gold result, confirming continuity and extending mineralization 35m down plunge at the Numbat lode. - Positive factor: High-grade gold - Positive factor: Continuity confirmed - Positive factor: Step-Out Extension Evidence · text > Subsequent to year end, Metal Hawk completed a further ten-hole RC drilling program for 1,153 metres at Leinster South. Significant results from the Numbat lode at the Thylacine prospect included 9m at 12.3g/t Au from 70m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-1) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC077 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 20.7 - Grade Unit: g/t - Intercept: 5 m - From: 72 m - To: 77 m - Intercept Depth: 72 m #### Classification - Sample Type: drill - Group ID: 26LSRC077:72-77 #### Location - Location: Thylacine south zone, Numbat lode - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-25T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: The sub-interval of 5m @ 20.7g/t Au is an exceptionally high-grade gold result, confirming continuity and extending mineralization at the Numbat lode. - Positive factor: Bonanza Intercept - Positive factor: High-grade gold - Positive factor: Continuity confirmed - Positive factor: Step-Out Extension Evidence · text > 9m at 12.3g/t Au from 70m, including 5m at 20.7g/t Au from 72m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LSD005 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-2) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LSD005 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 15.28 - Grade Unit: g/t - Intercept: 2.3 m - From: 28.1 m - To: 30.4 m - Intercept Depth: 28.1 m #### Classification - Sample Type: drill - Group ID: LSD005:28.1-30.4 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-12-22T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical diamond drill intercept of 2.3m @ 15.28g/t Au is a high-grade gold result from the Thylacine south zone. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > LSD005: 2.3m @ 15.28g/t Au from 28.1m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LSD005 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-3) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LSD005 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 29.93 - Grade Unit: g/t - Intercept: 0.82 m - From: 28.5 m - To: 29.32 m - Intercept Depth: 28.5 m #### Classification - Sample Type: drill - Group ID: LSD005:28.5-29.32 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-12-22T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 0.82m @ 29.93g/t Au is an exceptionally high-grade gold result. - Positive factor: Bonanza Intercept - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > 2.3m @ 15.28g/t Au from 28.1m, including 0.82m @ 29.93g/t Au from 28.5m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LSD005 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-4) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LSD005 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 39.9 - Grade Unit: g/t - Intercept: 0.2 m - From: 29.12 m - To: 29.32 m - Intercept Depth: 29.12 m #### Classification - Sample Type: drill - Group ID: LSD005:29.12-29.32 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-12-22T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 0.2m @ 39.9g/t Au is an exceptionally high-grade gold result. - Positive factor: Bonanza Intercept - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > including 0.82m @ 29.93g/t Au from 28.5m and 0.2m @ 39.9g/t Au from 29.12m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LSD003 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-5) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LSD003 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 7.71 - Grade Unit: g/t - Intercept: 1.7 m - From: 338.65 m - To: 340.35 m - Intercept Depth: 338.65 m #### Classification - Sample Type: drill - Group ID: LSD003:338.65-340.35 #### Location - Location: South Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-12-22T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical diamond drill intercept of 1.7m @ 7.71g/t Au is a high-grade gold result. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > LSD003: 1.7m @ 7.71g/t Au from 338.65m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LSD003 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-6) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LSD003 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 12.41 - Grade Unit: g/t - Intercept: 1 m - From: 339 m - To: 340 m - Intercept Depth: 339 m #### Classification - Sample Type: drill - Group ID: LSD003:339-340 #### Location - Location: South Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-12-22T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 1m @ 12.41g/t Au is a high-grade gold result. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > 1.7m @ 7.71g/t Au from 338.65m, including 1m @ 12.41g/t Au from 339m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LSD002 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-7) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LSD002 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 1.69 - Grade Unit: g/t - Intercept: 4.12 m - From: 217 m - To: 221.12 m - Intercept Depth: 217 m #### Classification - Sample Type: drill - Group ID: LSD002:217-221.12 #### Location - Location: South Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-12-22T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical diamond drill intercept of 4.12m @ 1.69g/t Au is a moderate-grade gold result. - Negative factor: Stale Data Re-release Evidence · text > LSD002: 4.12m @ 1.69g/t Au from 217m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### LSD002 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-8) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: LSD002 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 3.77 - Grade Unit: g/t - Intercept: 1.32 m - From: 219.8 m - To: 221.12 m - Intercept Depth: 219.8 m #### Classification - Sample Type: drill - Group ID: LSD002:219.8-221.12 #### Location - Location: South Zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-12-22T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 1.32m @ 3.77g/t Au is a moderate-grade gold result. - Negative factor: Stale Data Re-release Evidence · text > 4.12m @ 1.69g/t Au from 217m, including 1.32m @ 3.77g/t Au from 219.8m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC066 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-9) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC066 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 9.82 - Grade Unit: g/t - Intercept: 3 m - From: 32 m - To: 35 m - Intercept Depth: 32 m #### Classification - Sample Type: drill - Group ID: 26LSRC066:32-35 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 3m @ 9.82g/t Au is a high-grade gold result confirming continuity at the Thylacine south zone. - Positive factor: High-grade gold - Positive factor: Infill Drilling - Negative factor: Stale Data Re-release Evidence · text > 3m @ 9.82g/t Au from 32m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC066 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-10) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC066 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 14.1 - Grade Unit: g/t - Intercept: 2 m - From: 32 m - To: 34 m - Intercept Depth: 32 m #### Classification - Sample Type: drill - Group ID: 26LSRC066:32-34 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 2m @ 14.1g/t Au is a high-grade gold result confirming continuity. - Positive factor: High-grade gold - Positive factor: Infill Drilling - Negative factor: Stale Data Re-release Evidence · text > 3m @ 9.82g/t Au from 32m \(including 2m @ 14.1g/t Au\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC065 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-11) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC065 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 2.83 - Grade Unit: g/t - Intercept: 6 m - From: 32 m - To: 38 m - Intercept Depth: 32 m #### Classification - Sample Type: drill - Group ID: 26LSRC065:32-38 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 6m @ 2.83g/t Au is a moderate-grade gold result confirming continuity at the Thylacine south zone. - Positive factor: Infill Drilling - Negative factor: Stale Data Re-release Evidence · text > 6m @ 2.83g/t Au from 32m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC065 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-12) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC065 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 4.2 - Grade Unit: g/t - Intercept: 3 m - From: 32 m - To: 35 m - Intercept Depth: 32 m #### Classification - Sample Type: drill - Group ID: 26LSRC065:32-35 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 3m @ 4.2g/t Au is a moderate-grade gold result confirming continuity. - Positive factor: Infill Drilling - Negative factor: Stale Data Re-release Evidence · text > 6m @ 2.83g/t Au from 32m \(including 3m @ 4.2g/t Au\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC068 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-13) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC068 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 3.2 - Grade Unit: g/t - Intercept: 8 m - From: 26 m - To: 34 m - Intercept Depth: 26 m #### Classification - Sample Type: drill - Group ID: 26LSRC068:26-34 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 8m @ 3.2g/t Au is a moderate-grade gold result confirming continuity at the Thylacine south zone. - Positive factor: Infill Drilling - Negative factor: Stale Data Re-release Evidence · text > 8m @ 3.2g/t Au from 26m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC068 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-14) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC068 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 3.3 - Grade Unit: g/t - Intercept: 7 m - From: 150 m - To: 157 m - Intercept Depth: 150 m #### Classification - Sample Type: drill - Group ID: 26LSRC068:150-157 #### Location - Location: Thylacine south zone - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 7m @ 3.3g/t Au is a moderate-grade gold result confirming continuity at the Thylacine south zone. - Positive factor: Infill Drilling - Negative factor: Stale Data Re-release Evidence · text > and 7m @ 3.3g/t Au from 150m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC011 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-15) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC011 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 7.87 - Grade Unit: g/t - Intercept: 2 m - From: 7 m - To: 9 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 25LSRC011:7-9 #### Location - Location: Siberian Tiger - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-18T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 2m @ 7.87g/t Au is a high-grade gold result from the Siberian Tiger prospect. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > 2m @ 7.87g/t Au from 7m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC011 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-16) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC011 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 12.62 - Grade Unit: g/t - Intercept: 1 m - From: 7 m - To: 8 m - Intercept Depth: 7 m #### Classification - Sample Type: drill - Group ID: 25LSRC011:7-8 #### Location - Location: Siberian Tiger - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-18T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 1m @ 12.62g/t Au is a high-grade gold result. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > 2m @ 7.87g/t Au from 7m \(including 1m @ 12.62g/t Au\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC029 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-17) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC029 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 13.87 - Grade Unit: g/t - Intercept: 1 m - From: 47 m - To: 48 m - Intercept Depth: 47 m #### Classification - Sample Type: drill - Group ID: 25LSRC029:47-48 #### Location - Location: Thylacine - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-18T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 1m @ 13.87g/t Au is a high-grade gold result from the Thylacine prospect. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > 1m @ 13.87g/t Au from 47m \(25LSRC029\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-18) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC007 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 3.43 - Grade Unit: g/t - Intercept: 4 m - From: 13 m - To: 17 m - Intercept Depth: 13 m #### Classification - Sample Type: drill - Group ID: 25LSRC007:13-17 #### Location - Location: Thylacine - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-18T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 4m @ 3.43g/t Au is a moderate-grade gold result from the Thylacine prospect. - Negative factor: Stale Data Re-release Evidence · text > 4m @ 3.43g/t Au from 13m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-19) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC007 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 9.34 - Grade Unit: g/t - Intercept: 1 m - From: 16 m - To: 17 m - Intercept Depth: 16 m #### Classification - Sample Type: drill - Group ID: 25LSRC007:16-17 #### Location - Location: Thylacine - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-09-18T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 1m @ 9.34g/t Au is a high-grade gold result. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > 4m @ 3.43g/t Au from 13m, including 1m @ 9.34g/t Au from 16m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC041 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-20) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC041 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 2.44 - Grade Unit: g/t - Intercept: 2 m - From: 37 m - To: 39 m - Intercept Depth: 37 m #### Classification - Sample Type: drill - Group ID: 25LSRC041:37-39 #### Location - Location: Tysons - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 2m @ 2.44g/t Au is a moderate-grade gold result from the Tysons prospect. - Negative factor: Stale Data Re-release Evidence · text > 2m @ 2.44g/t Au from 37m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC041 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-21) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC041 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 4.37 - Grade Unit: g/t - Intercept: 1 m - From: 37 m - To: 38 m - Intercept Depth: 37 m #### Classification - Sample Type: drill - Group ID: 25LSRC041:37-38 #### Location - Location: Tysons - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical sub-interval of 1m @ 4.37g/t Au is a moderate-grade gold result. - Negative factor: Stale Data Re-release Evidence · text > 2m @ 2.44g/t Au from 37m \(including 1m @ 4.37g/t Au\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 26LSRC060 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-22) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26LSRC060 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 0.42 - Grade Unit: g/t - Intercept: 12 m - From: 40 m - To: 52 m - Intercept Depth: 40 m #### Classification - Sample Type: drill - Group ID: 26LSRC060:40-52 #### Location - Location: Tysons - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-05-11T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 12m @ 0.42g/t Au is a low-grade gold result from the Tysons prospect, and the SAM conductive target did not return results considered to justify immediate follow-up. - Negative factor: Stale Data Re-release Evidence · text > 12m @ 0.42g/t Au from 40m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC005 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-23) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC005 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 5.28 - Grade Unit: g/t - Intercept: 1 m - From: 47 m - To: 48 m - Intercept Depth: 47 m #### Classification - Sample Type: drill - Group ID: 25LSRC005:47-48 #### Location - Location: Thylacine - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-07-31T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 1m @ 5.28g/t Au is a high-grade gold result from the Thylacine prospect. - Positive factor: High-grade gold - Negative factor: Stale Data Re-release Evidence · text > 1m @ 5.28g/t Au from 47m \(25LSRC005\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-24) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC003 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 3.25 - Grade Unit: g/t - Intercept: 2 m - From: 69 m - To: 71 m - Intercept Depth: 69 m #### Classification - Sample Type: drill - Group ID: 25LSRC003:69-71 #### Location - Location: Thylacine - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-07-31T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 2m @ 3.25g/t Au is a moderate-grade gold result from the Thylacine prospect. - Negative factor: Stale Data Re-release Evidence · text > 2m @ 3.25g/t Au from 69m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-25) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC003 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 3.15 - Grade Unit: g/t - Intercept: 1 m - From: 125 m - To: 126 m - Intercept Depth: 125 m #### Classification - Sample Type: drill - Group ID: 25LSRC003:125-126 #### Location - Location: Thylacine - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-07-31T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 1m @ 3.15g/t Au is a moderate-grade gold result from the Thylacine prospect. - Negative factor: Stale Data Re-release Evidence · text > 1m @ 3.15g/t Au from 125m \(25LSRC003\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25LSRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-26) Leinster South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 25LSRC006 - Project: Leinster South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: MHK #### Geometry - Grade: 4.07 - Grade Unit: g/t - Intercept: 1 m - From: 77 m - To: 78 m - Intercept Depth: 77 m #### Classification - Sample Type: drill - Group ID: 25LSRC006:77-78 #### Location - Location: Thylacine - Loc. Source: document #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Deleterious - Deleterious Flag: No #### Metal Equivalent - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2025-07-31T00:00:00.000Z #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: This historical RC drill intercept of 1m @ 4.07g/t Au is a moderate-grade gold result from the Thylacine prospect. - Negative factor: Stale Data Re-release Evidence · text > 1m @ 4.07g/t Au from 77m \(25LSRC006\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### Fact 28 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-27) #### Identity - Ticker: MHK #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: The company successfully raised $1.2 million via a placement to fund ongoing drilling and working capital, providing financial support for future activities. - Positive factor: Capital Raise Evidence · text > On 21 September 2026, the Company announced that it had received firm commitments from sophisticated investors to raise $1.2 million before costs through a placement of approximately 12.6 million new fully paid ordinary shares at an issue price of $0.095 per share. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### Fact 29 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-28) #### Identity - Ticker: MHK #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: The company divested non-core project interests for shares and options in Talonx Resources Limited, aligning with its strategy to focus on core gold exploration targets. Evidence · text > On 15 October 2025, the Company completed the disposal of its Viking Gold Project and Blair North Project tenements to Talonx Resources Limited. Consideration comprised 150,000,000 fully paid ordinary shares and 75,000,000 unquoted options in Talonx Resources Limited #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### Fact 30 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-29) Mt Percy Gold Project #### Identity - Project: Mt Percy Gold Project - Region: australia\_wa - Reported Region: Western Australia - Ticker: MHK #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: The company expanded its project pipeline by acquiring the Mt Percy Gold Project, adding a second pillar of exploration in a prospective gold district. - Positive factor: Expansion of project pipeline Evidence · text > The Company secured a significant new growth option during the year at the Mt Percy Gold Project, near Leonora, where we pegged ground and then won two contested tenement ballots to build a landholding of more than 289km² #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### Fact 31 [Link to this fact](https://atlas-staging.minestarters.com/news/mhk-annual-report-to-shareholders--4b15e1ad-473c-438f-93b4-c8e5309aecbf#fact-drill-facts-30) Leinster South #### Identity - Project: Leinster South - Ticker: MHK #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-07T00:00:00.000Z Reasoning: The company received $175,000 in co-funding for a diamond drilling program, supporting ongoing exploration activities at Leinster South. - Positive factor: EIS co-funding support Evidence · text > A further $175,000 in EIS co-funding was awarded for a three-hole diamond drilling program at Leinster South. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ## 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.