# ML8: Significant Near-Surface Gold Exploration Target Clermont Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152130 Publisher: asx Original announcement: 2026-10-13T22:41:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-13T23:55:30.455Z Atlas analysis updated: 2026-10-13T23:55:30.455Z - Company: Moonlight Resources Ltd - Ticker: ML8 - Exchange: ASX - Region: central Queensland - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-10-13 23:55:31 UTC Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas summary Moonlight Resources Ltd has announced a significant near-surface gold Exploration Target at its Clermont Gold Project in central Queensland, totaling 16.2 – 19.8 Mt at 0.94 - 1.15 g/t Au for 443 - 662 koz of contained gold across three prospects. This conceptual target provides a framework for systematically expanding the project's gold Mineral Resource base, with a 13,000m RC drilling program underway to test the target and support a maiden Mineral Resource Estimate. Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 8 ## Classification and evidence **Exploration Target Defined** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company has announced a 'significant new Exploration Target \(ET\)' for its Clermont Gold Project. Evidence · text > significant new Exploration Target \(ET\) across the Leo Grande, Goldfinger and Petersens gold prospects **Near-Surface** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The Exploration Target is described as a 'substantial, predominantly near-surface gold opportunity'. Evidence · text > Substantial, predominantly near-surface gold opportunity **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The report includes a 'JORC, 2012 EDITION: TABLE 1 REPORT' and states that the Competent Person qualifies under the JORC Code. Evidence · text > JORC, 2012 EDITION: TABLE 1 REPORT **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: Dr. Bryce Healy, a member of the Australian Institute of Mining and Metallurgy, is named as the Competent Person and consents to the inclusion of information in the report. Evidence · text > Dr. Bryce Healy, who is a member of the Australian Institute of Mining and Metallurgy... qualify as a competent person as defined in the 2012 Edition of the “Australasian Code for reporting of Exploration Results, Mineral Resources and Ore Reserves” \(JORC Code\). **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The company is targeting 'near-term delivery of a maiden Mineral Resource Estimate \(MRE\)' for the Clermont Project. Evidence · text > targeting near-term delivery of a maiden Mineral Resource Estimate \(MRE\) for the Clermont Project **No Current MRE** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The document explicitly states that 'Insufficient exploration has been undertaken to estimate a Mineral Resource' and 'No current MRE' for the prospects. Evidence · text > 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. **Conceptual Nature** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The Exploration Target is explicitly stated as 'conceptual in nature' and not a Mineral Resource 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. ## 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-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-0) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - 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 - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 0.87 Context: 11.1 #### Tags used in scoring **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 ### Leo Grande Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-1) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - 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 - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 1.06 Context: 13.6 #### Tags used in scoring **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 ### Goldfinger Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-2) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - 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 - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 1.20 Context: 2.7 #### Tags used in scoring **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 ### Goldfinger Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-3) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - 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 - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 1.50 Context: 3.3 #### Tags used in scoring **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 ### Petersens Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-4) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - 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 - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 1.00 Context: 2.3 #### Tags used in scoring **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 ### Petersens Exploration Target [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-5) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - 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 - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 1.22 Context: 2.8 #### Tags used in scoring **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 ### Clermont Exploration Target Total [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-6) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - Resource group id: resource:dc624d0e7dbc7c703925 - Deposit or zone: Clermont Exploration Target Total - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 16200000 - Grade: 0.94 - Grade Unit: g/t - Contained Metal: 443000 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 0.94 Context: 16.2 #### Tags used in scoring **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 ### Clermont Exploration Target Total [Link to this fact](https://atlas-staging.minestarters.com/news/ml8-significant-near-surface-gold-exploration-target-clermont--99d6cd5d-9ba0-44d1-9c63-8a60f443d98a#fact-resource-facts-7) Clermont · gold #### Identity - Project: Clermont - Commodity: gold - Region: australia\_qld - Reported Region: central Queensland - Ticker: ML8 #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Dr. Bryce Healy - Resource group id: resource:170873ee2976e5ab7e6d - Deposit or zone: Clermont Exploration Target Total - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Tonnes: 19800000 - Grade: 1.15 - Grade Unit: g/t - Contained Metal: 662000 - Contained Unit: koz - Cutoff Grade: 0.2 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-10-14 #### Lab - Laboratory: ALS Laboratories #### Location - CRS: GDA94 MGA Zone 52 - Loc. Confidence: inferred #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Moonlight Resources has defined a significant near-surface gold exploration target of 443-662 koz at Clermont, providing a clear pathway for future resource definition, though the target remains conceptual and is not a Mineral Resource Estimate. - Positive factor: Exploration Target Defined - Positive factor: Near-Surface - Positive factor: Significant Scale - Positive factor: Clear Path to MRE - Negative factor: Conceptual Nature - Negative factor: No Current MRE Evidence · table > 1.15 Context: 19.8 #### Tags used in scoring **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 ## 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.