# ML8: Investor Presentation - Gold Conference Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152334 Publisher: asx Original announcement: 2026-10-14T04:12:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T05:06:48.757Z Atlas analysis updated: 2026-10-14T05:06:48.757Z - Company: Moonlight Resources Ltd - Ticker: ML8 - Exchange: ASX - Region: Queensland - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Other - Extracted: 2026-10-14 05:06:49 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Moonlight Resources Ltd has defined a significant near-surface gold exploration target at its Clermont project in Queensland, encompassing 16.2 to 19.8 million tonnes at 0.94 to 1.15 g/t gold for 443 to 662 thousand ounces of contained gold across the Leo Grande, Goldfinger, and Petersens prospects. This conceptual estimate sets the foundation for future resource definition, with planned RC drilling programs designed to test the validity of interpreted mineralised extensions and deliver successive Mineral Resource Estimate updates. Reasoning: Moonlight Resources has defined a substantial near-surface gold exploration target across three prospects, providing quantitative estimates of potential tonnage and grade, which sets the stage for future resource definition. However, the estimate is conceptual and not a formal Mineral Resource. - Positive factor: Significant exploration target defined - Positive factor: Near-surface mineralization - Positive factor: Multiple prospects contributing to the target - Positive factor: Planned drilling program to convert target to MRE - Negative factor: Conceptual nature of the estimate \(not a formal resource\) - Negative factor: No new drill results reported in this document - Negative factor: Cut-off grade for the exploration target is not explicitly stated - Rubric flag: category field is required for resource\_update — The document presents an 'Exploration Target' which is conceptual and not a formal JORC/NI 43-101 resource category \(Measured, Indicated, Inferred, Proven, Probable\). The 'category' field has been omitted as per instructions to omit fields for which no value exists. Facts used in scoring: 8 ## Classification and evidence **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: The document explicitly states the exploration target is conceptual and not a formal Mineral Resource Estimate, therefore no Qualified Person or Competent Person sign-off is provided for this specific estimate. Evidence · text > The potential quantity and grade are conceptual in nature. Insufficient exploration has been undertaken to estimate a Mineral Resource in the target areas, and it is uncertain whether further exploration will result in a Mineral Resource. The ranges above are approximations, not Mineral Resource estimates. **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The table presenting the exploration target does not disclose the cut-off grade used for the conceptual estimate. Evidence · table > PROSPECT TONNAGE \(Mt\) GRADE \(g/t\) Contained AU \(koz\) Low High Low High Low High Leo Grande 11.1 13.6 0.87 1.06 281 420 Goldfinger 2.7 3.3 1.20 1.50 95 142 Petersons 2.3 2.8 1.00 1.22 67 100 Total 16.2 19.8 0.94 1.15 443 662 ## Extracted facts Stored fact records: 8. Some facts used in scoring do not have a stored record. ## Resource Estimates (8) ### Leo Grande Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-0) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:6cb86196978e64dda042 - Deposit or zone: Leo Grande Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 11100000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 281000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the lower bound of a substantial potential gold resource at Leo Grande, providing a clear pathway for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 11.1 Context: Leo Grande #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Leo Grande Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-1) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:1fd0bf80c3a4892954c9 - Deposit or zone: Leo Grande Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 13600000 - Grade: 1.06 - Grade Unit: g/t - Contained Metal: 420000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the upper bound of a substantial potential gold resource at Leo Grande, indicating significant upside potential for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Positive factor: Upper bound indicates strong upside - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 13.6 Context: Leo Grande #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Goldfinger Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-2) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:8e5a3451491118d47d94 - Deposit or zone: Goldfinger Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 2700000 - Grade: 1.2 - Grade Unit: g/t - Contained Metal: 95000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the lower bound of a substantial potential gold resource at Goldfinger, providing a clear pathway for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 2.7 Context: Goldfinger #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Goldfinger Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-3) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:427a1c90267f44f427c7 - Deposit or zone: Goldfinger Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 3300000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 142000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the upper bound of a substantial potential gold resource at Goldfinger, indicating significant upside potential for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Positive factor: Upper bound indicates strong upside - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 3.3 Context: Goldfinger #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Petersens Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-4) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:0b57a46254c3ac4feeb3 - Deposit or zone: Petersens Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 2300000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 67000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the lower bound of a substantial potential gold resource at Petersens, providing a clear pathway for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 2.3 Context: Petersons #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Petersens Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-5) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:e22fa74afffad742c536 - Deposit or zone: Petersens Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 2800000 - Grade: 1.22 - Grade Unit: g/t - Contained Metal: 100000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the upper bound of a substantial potential gold resource at Petersens, indicating significant upside potential for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Positive factor: Upper bound indicates strong upside - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 2.8 Context: Petersons #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Total Clermont Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-6) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:da5d61c070d868c75e15 - Deposit or zone: Total Clermont Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 16200000 - Grade: 0.94 - Grade Unit: g/t - Contained Metal: 443000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the lower bound of a substantial potential gold resource across the Clermont project, providing a clear pathway for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 16.2 Context: Total #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Total Clermont Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-investor-presentation-gold-conference--247c8be9-1b5b-4e5d-a7ef-19811e646224#fact-resource-facts-7) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:7e461c97b3194f71756c - Deposit or zone: Total Clermont Exploration Target - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 19800000 - Grade: 1.15 - Grade Unit: g/t - Contained Metal: 662000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-10-14 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-14T00:00:00.000Z Reasoning: This exploration target defines the upper bound of a substantial potential gold resource across the Clermont project, indicating significant upside potential for future resource definition, though it remains conceptual at this stage. - Positive factor: Significant scale - Positive factor: Near-surface potential - Positive factor: Foundation for future MRE - Positive factor: Upper bound indicates strong upside - Negative factor: Conceptual estimate - Negative factor: Not a formal resource - Negative factor: Cut-off undisclosed Evidence · table > 19.8 Context: Total #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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.