MRR: Annual Report 2026
Original announcement by asx on
- Company
- Minrex Resources Limited
- Ticker
- MRR
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Copper, Silver
- Document categories
- Resource update, Drill results, Other
- Extracted
- 2026-09-30 09:23:18 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Minrex Resources Limited's 2026 Annual Report highlights a transformational year, marked by a merger that expanded its portfolio to include significant gold, silver, and copper assets in Serbia. The company reported strong drill results from its flagship Tlamino Gold-Silver Project, including the widest and highest-grade intersection to date, and has commenced metallurgical test work and environmental studies to support a JORC-compliant resource update and economic study. With a solid cash position, Minrex is focused on advancing its Serbian projects towards development and production.
Reasoning: The annual report details a transformational merger, strong new drill results from the flagship Tlamino project, and outlines a clear, funded pathway to upgrade resources and advance towards development, indicating significant positive momentum and future potential. While current resources are largely Inferred, the company has a clear plan to de-risk and advance these assets.
Positive factors
- Transformational merger completed, expanding asset portfolio and funding
- Strong drill results from Tlamino, including the widest and highest-grade intersection in deposit history (BAR046)
- High-grade intercepts (e.g., 15.67 g/t AuEq over 4.2m) confirm and extend mineralization
- Clear pathway to JORC-compliant resource upgrade and updated economic studies for Tlamino
- Metallurgical test work commenced to confirm recoveries and marketability
- Strong cash position ($6.04 million) fully funds current programs
- Strategic focus on Serbia, a prospective mining region, with in-country team established
Negative factors
- Tlamino resource is currently a foreign estimate and 100% Inferred, limiting engineering confidence
- Sofala resource is also 100% Inferred, indicating early stage of confidence
- Drill results are reported as gold equivalent (AuEq), though assumptions are disclosed
- No specific recovery percentages or concentrate grades reported from metallurgical test work yet
Facts used in scoring: 29
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The report includes a Competent Person Statement by Mr Ian Shackleton, a Member of the Australian Institute of Geoscientists, who qualifies under the 2012 JORC Code and consents to the inclusion of information.
Evidence · text
“The information in this report relating to Exploration Results is based on, and fairly represents, information compiled by Mr Ian Shackleton, a Member of the Australian Institute of Geoscientists. Mr Shackleton is a Non-Executive Director of Minrex (Technical Director until 23 August 2026) and holds securities in the Company. He has sufficient relevant experience to qualify as a Competent Person under the 2012 JORC Code and consents to the inclusion of this information in the form and context in which it appears.”
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: Metal equivalent grades are reported with clear disclosure of the gold and silver prices and overall recoveries used in the calculation.
Evidence · text
“Metal equivalents for 2026 drilling at the Tlamino Gold-Silver Project have been calculated at a gold price of US$3,300/oz and silver price of US$45/oz and overall recoveries of 84%.”
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The document explicitly states that the Barje infill drill programme has been completed.
Evidence · text
“Since year end, the Barje infill drill programme has been completed on schedule and within budget.”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The company is undertaking step-out diamond drilling to test eastern and western extensions of the deposit, systematically exploring beyond outcropping mineralization.
Evidence · text
“Our step-out diamond drilling is testing the eastern and western extensions of the deposit, and for the first time is systematically exploring beyond its outcropping mineralisation.”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 4.2 m at 15.67 g/t AuEq in BAR046 is exceptionally high-grade, significantly exceeding typical gold deposit norms and is reported as the highest-grade intersection in the deposit's history.
Evidence · text
“including 4.2 m at 15.67 g/t AuEq”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Tlamino Barje Deposit hosts an Inferred resource, indicating a lower level of geological confidence.
Evidence · text
“The flagship Barje Deposit hosts a high-grade, gold-dominant Inferred resource of 670,000 oz at 2.9 g/t AuEq.”
All Inferrednegative
100% of resource is Inferred category — very early stage, no engineering confidence.
Why it applies: The Tlamino Barje Deposit resource is entirely in the Inferred category, with no Measured or Indicated components.
Evidence · text
“The estimate is in the Inferred category and reported in accordance with NI 43-101.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Tlamino Barje Deposit resource is reported in accordance with NI 43-101.
Evidence · text
“The estimate is in the Inferred category and reported in accordance with NI 43-101.”
No QP/CP Disclosurenegative
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 foreign estimate for Tlamino explicitly states that a Competent Person has not done sufficient work to classify it as a Mineral Resource under the JORC Code.
Evidence · text
“A Competent Person has not done sufficient work to classify it as a Mineral Resource under the JORC Code”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The effective date for the Tlamino foreign estimate is 7 January 2021, which is more than two years old.
Evidence · text
“filed on SEDAR (www.sedar.com) on 7 January 2021.”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: A Preliminary Economic Assessment for an open-pit operation was completed in 2021 for the Tlamino project, which the current resource estimate supports.
Evidence · text
“A Preliminary Economic Assessment for an open-pit operation was completed in 2021”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Sofala Gold Project hosts JORC (2012) Inferred Mineral Resources.
Evidence · text
“The project hosts JORC (2012) Inferred Mineral Resources of 10.3 Mt at 1.07 g/t Au for 352,300 oz gold.”
Extracted facts
Stored fact records: 29. Some facts used in scoring do not have a stored record.
Drill Results (14)
BAR040Tlamino · goldGrade: 4.04Grade Unit: g/tIntercept: 10.6 mView all detailsHide details
Identity
- Hole ID
- BAR040
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 4.04
- Grade Unit
- g/t
- Intercept
- 10.6 m
- From
- 37.1 m
- To
- 47.7 m
- Intercept Depth
- 37.1 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR040:37.1-47.7
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 4.04
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept from infill drilling confirms high-grade mineralization consistent with the geological model and is above the project's average grade, contributing positively to resource confidence.
Positive factors
- High-grade gold equivalent intercept (4.04 g/t AuEq) is above the project average (3.929 g/t Au)
- Good intercept length (10.6 m) for infill drilling
- Confirms high-grade mineralization from surface in the Barje deposit
Evidence · text
“10.6 m at 4.04 g/t AuEq from 37.1 m, including 2.5 m at 10.05 g/t AuEq (BAR040);”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR040Tlamino · goldGrade: 10.05Grade Unit: g/tIntercept: 2.5 mView all detailsHide details
Identity
- Hole ID
- BAR040
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 10.05
- Grade Unit
- g/t
- Intercept
- 2.5 m
Classification
- Program
- infill
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 10.05
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade sub-interval demonstrates excellent gold equivalent grades, reinforcing the quality of the mineralization within the Barje deposit and supporting resource confidence.
Positive factors
- Very high-grade gold equivalent intercept (10.05 g/t AuEq) significantly above project average and 75th percentile for gold deposits
- Confirms strong grade continuity within the Barje deposit
- Contributes to increasing confidence in the existing resource
Evidence · text
“including 2.5 m at 10.05 g/t AuEq”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR041Tlamino · goldGrade: 2.43Grade Unit: g/tIntercept: 12.8 mView all detailsHide details
Identity
- Hole ID
- BAR041
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 2.43
- Grade Unit
- g/t
- Intercept
- 12.8 m
- From
- 32.4 m
- To
- 45.2 m
- Intercept Depth
- 32.4 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR041:32.4-45.2
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 2.43
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept, while having a good length, shows a gold equivalent grade below the project average, indicating variability but still confirming mineralization in the infill program.
Positive factors
- Good intercept length (12.8 m) for infill drilling
- Confirms mineralization continuity within the Barje deposit
Negative factors
- Grade (2.43 g/t AuEq) is below the project average (3.929 g/t Au)
Evidence · text
“12.8 m @ 2.43 g/t AuEq from 32.4 m (BAR041);”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR036Tlamino · goldGrade: 1.26Grade Unit: g/tIntercept: 28.5 mNeeds review: ungroundedView all detailsHide details
Identity
- Hole ID
- BAR036
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 1.26
- Grade Unit
- g/t
- Intercept
- 28.5 m
- From
- 26.5 m
- To
- 55 m
- Intercept Depth
- 26.5 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR036:26.5-55
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 1.26
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- ungrounded
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept, while long, shows a gold equivalent grade well below the project average, suggesting lower-grade zones within the infill area but still confirming mineralization.
Positive factors
- Significant intercept length (28.5 m) for infill drilling
- Confirms mineralization continuity within the Barje deposit
Negative factors
- Grade (1.26 g/t AuEq) is significantly below the project average (3.929 g/t Au)
Evidence · text
“28.5 m @ 1.26 g/t AuEq from 26.5 m, including 12.0m @ 1.9 g/t AuEq from 39.5m.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR036Tlamino · goldGrade: 1.9Grade Unit: g/tIntercept: 12 mNeeds review: ungroundedView all detailsHide details
Identity
- Hole ID
- BAR036
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 1.9
- Grade Unit
- g/t
- Intercept
- 12 m
- From
- 39.5 m
- To
- 51.5 m
- Intercept Depth
- 39.5 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR036:39.5-51.5
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 1.9
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- ungrounded
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval, while having a good length, shows a gold equivalent grade below the project average, indicating lower-grade zones within the infill area but still confirming mineralization.
Positive factors
- Good intercept length (12.0 m) for infill drilling
- Confirms mineralization continuity within the Barje deposit
Negative factors
- Grade (1.9 g/t AuEq) is below the project average (3.929 g/t Au)
Evidence · text
“including 12.0m @ 1.9 g/t AuEq from 39.5m.”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR046Tlamino · goldGrade: 5.85Grade Unit: g/tIntercept: 36 mView all detailsHide details
Identity
- Hole ID
- BAR046
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 5.85
- Grade Unit
- g/t
- Intercept
- 36 m
- From
- 47 m
- To
- 83 m
- Intercept Depth
- 47 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR046:47-83
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 5.85
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept represents a record-breaking result for the deposit, combining exceptional width and strong gold equivalent grade, which is highly material for the upcoming resource update and overall project value.
Positive factors
- Exceptional intercept length (36.0 m) combined with strong grade (5.85 g/t AuEq)
- Reported as the 'widest and highest-grade intersection in the deposit’s history'
- Significantly above project average grade (3.929 g/t Au)
- Positive implications for the updated Mineral Resource Estimate
Evidence · text
“36.0 m at 5.85 g/t AuEq from 47.0 m, including 4.2 m at 15.67 g/t AuEq and 14.0 m at 7.74 g/t AuEq (BAR046);”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR046Tlamino · goldGrade: 15.67Grade Unit: g/tIntercept: 4.2 mView all detailsHide details
Identity
- Hole ID
- BAR046
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 15.67
- Grade Unit
- g/t
- Intercept
- 4.2 m
Classification
- Program
- infill
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 15.67
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This bonanza-grade sub-interval is the highest reported for the deposit, confirming exceptionally rich mineralization and significantly enhancing the project's potential.
Positive factors
- Bonanza grade gold equivalent intercept (15.67 g/t AuEq) is the highest reported for the deposit
- Significantly exceeds the project's best grade (15.67 g/t AuEq) and 75th percentile for gold deposits
- Indicates very high-grade zones within the central corridor of Barje
Evidence · text
“including 4.2 m at 15.67 g/t AuEq”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR046Tlamino · goldGrade: 7.74Grade Unit: g/tIntercept: 14 mView all detailsHide details
Identity
- Hole ID
- BAR046
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 7.74
- Grade Unit
- g/t
- Intercept
- 14 m
Classification
- Program
- infill
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.74
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This strong intercept further contributes to the record-breaking hole, demonstrating excellent gold equivalent grades over a significant width and enhancing the overall prospectivity.
Positive factors
- Strong gold equivalent grade (7.74 g/t AuEq) over a good intercept length (14.0 m)
- Well above the project average grade (3.929 g/t Au)
- Contributes to the 'widest and highest-grade intersection' reported
Evidence · text
“and 14.0 m at 7.74 g/t AuEq (BAR046);”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR050Tlamino · goldGrade: 5.22Grade Unit: g/tIntercept: 17.5 mView all detailsHide details
Identity
- Hole ID
- BAR050
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 5.22
- Grade Unit
- g/t
- Intercept
- 17.5 m
- From
- 14.4 m
- To
- 31.9 m
- Intercept Depth
- 14.4 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR050:14.4-31.9
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 5.22
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept shows strong gold equivalent grades over a good width, confirming high-grade mineralization in an area previously modeled as low-grade, which is a positive re-evaluation.
Positive factors
- Strong gold equivalent grade (5.22 g/t AuEq) over a good intercept length (17.5 m)
- Above the project average grade (3.929 g/t Au)
- Intersects high-grade mineralization within the central corridor of Barje
Evidence · text
“17.5 m at 5.22 g/t AuEq from 14.4 m, including 8.2 m at 7.60 g/t AuEq (BAR050);”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR050Tlamino · goldGrade: 7.6Grade Unit: g/tIntercept: 8.2 mView all detailsHide details
Identity
- Hole ID
- BAR050
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 7.6
- Grade Unit
- g/t
- Intercept
- 8.2 m
Classification
- Program
- infill
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.6
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval demonstrates strong gold equivalent grades, further confirming high-grade mineralization in an area previously modeled as low-grade, which is a significant positive.
Positive factors
- Strong gold equivalent grade (7.60 g/t AuEq) over a good intercept length (8.2 m)
- Well above the project average grade (3.929 g/t Au)
- Confirms high-grade mineralization within the central corridor of Barje
Evidence · text
“including 8.2 m at 7.60 g/t AuEq”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR047Tlamino · goldGrade: 4.87Grade Unit: g/tIntercept: 18.3 mView all detailsHide details
Identity
- Hole ID
- BAR047
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 4.87
- Grade Unit
- g/t
- Intercept
- 18.3 m
- From
- 57.7 m
- To
- 76 m
- Intercept Depth
- 57.7 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR047:57.7-76
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 4.87
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept shows strong gold equivalent grades over a good width, confirming high-grade mineralization in an area previously modeled as low-grade, which is a positive re-evaluation.
Positive factors
- Strong gold equivalent grade (4.87 g/t AuEq) over a good intercept length (18.3 m)
- Above the project average grade (3.929 g/t Au)
- Confirms high-grade mineralization within the central corridor of Barje
Evidence · text
“18.3 m at 4.87 g/t AuEq from 57.7 m, including 6.5 m at 8.53 g/t AuEq (BAR047);”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR047Tlamino · goldGrade: 8.53Grade Unit: g/tIntercept: 6.5 mView all detailsHide details
Identity
- Hole ID
- BAR047
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 8.53
- Grade Unit
- g/t
- Intercept
- 6.5 m
Classification
- Program
- infill
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 8.53
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval demonstrates strong gold equivalent grades, further confirming high-grade mineralization in an area previously modeled as low-grade, which is a significant positive.
Positive factors
- Strong gold equivalent grade (8.53 g/t AuEq) over a good intercept length (6.5 m)
- Well above the project average grade (3.929 g/t Au)
- Confirms high-grade mineralization within the central corridor of Barje
Evidence · text
“including 6.5 m at 8.53 g/t AuEq”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR045Tlamino · goldGrade: 4.16Grade Unit: g/tIntercept: 10.2 mView all detailsHide details
Identity
- Hole ID
- BAR045
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 4.16
- Grade Unit
- g/t
- Intercept
- 10.2 m
- From
- 67 m
- To
- 77.2 m
- Intercept Depth
- 67 m
Classification
- Program
- infill
- Sample Type
- drill
- Group ID
- BAR045:67-77.2
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 4.16
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept shows strong gold equivalent grades over a good width, confirming high-grade mineralization in an area previously modeled as low-grade, which is a positive re-evaluation.
Positive factors
- Strong gold equivalent grade (4.16 g/t AuEq) over a good intercept length (10.2 m)
- Above the project average grade (3.929 g/t Au)
- Confirms high-grade mineralization within the central corridor of Barje
Evidence · text
“10.2 m at 4.16 g/t AuEq from 67.0 m, including 5.15 m at 7.31 g/t AuEq (BAR045).”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
BAR045Tlamino · goldGrade: 7.31Grade Unit: g/tIntercept: 5.15 mView all detailsHide details
Identity
- Hole ID
- BAR045
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- serbia
- Ticker
- MRR
Geometry
- Grade
- 7.31
- Grade Unit
- g/t
- Intercept
- 5.15 m
Classification
- Program
- infill
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Metal Equivalent
- Metal Eq. Grade
- 7.31
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This sub-interval demonstrates strong gold equivalent grades, further confirming high-grade mineralization in an area previously modeled as low-grade, which is a significant positive.
Positive factors
- Strong gold equivalent grade (7.31 g/t AuEq) over a good intercept length (5.15 m)
- Well above the project average grade (3.929 g/t Au)
- Confirms high-grade mineralization within the central corridor of Barje
Evidence · text
“including 5.15 m at 7.31 g/t AuEq”
Tags used in scoring
No QA/QC Disclosurenegative
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (15)
inferredTlamino · goldTonnes: 7100000Grade: 2.9Grade Unit: g/tContained Metal: 670000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:2daa1afdcaf8d8dde8ed
Resource Data
- Category
- inferred
- Tonnes
- 7100000
- Grade
- 2.9
- Grade Unit
- g/t
- Contained Metal
- 670000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Metal Eq. Grade
- 2.9
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a substantial Inferred foreign resource with good gold equivalent grades, but its 100% Inferred classification, foreign reporting standard, and older effective date limit its current confidence and direct comparability for investment decisions.
Positive factors
- Significant contained metal (670,000 oz AuEq) for an early-stage project
- High-grade gold equivalent (2.9 g/t AuEq) for an Inferred resource
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“2.9”
Context: 7,100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · goldTonnes: 7100000Grade: 2.5Grade Unit: g/tContained Metal: 570000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:2daa1afdcaf8d8dde8ed
Resource Data
- Category
- inferred
- Tonnes
- 7100000
- Grade
- 2.5
- Grade Unit
- g/t
- Contained Metal
- 570000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a substantial Inferred foreign resource with good gold grades, but its 100% Inferred classification, foreign reporting standard, and older effective date limit its current confidence and direct comparability for investment decisions.
Positive factors
- Significant contained gold (570,000 oz) for an early-stage project
- Good gold grade (2.5 g/t Au) for an Inferred resource
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“2.5”
Context: 7,100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · silverTonnes: 7100000Grade: 38Grade Unit: g/tContained Metal: 8800000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- silver
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:2daa1afdcaf8d8dde8ed
Resource Data
- Category
- inferred
- Tonnes
- 7100000
- Grade
- 38
- Grade Unit
- g/t
- Contained Metal
- 8800000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a substantial Inferred foreign resource with good silver grades, but its 100% Inferred classification, foreign reporting standard, and older effective date limit its current confidence and direct comparability for investment decisions.
Positive factors
- Significant contained silver (8.8 Moz) for an early-stage project
- Good silver grade (38 g/t Ag) for an Inferred resource
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“38”
Context: 7,100,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · goldTonnes: 3200000Grade: 4.7Grade Unit: g/tContained Metal: 470000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:1c94e60caf0a228e0c12
- Deposit or zone
- High-Grade Breccia
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 4.7
- Grade Unit
- g/t
- Contained Metal
- 470000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Metal Eq. Grade
- 4.7
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade gold equivalent resource in the High-Grade Breccia domain is a significant component of the overall estimate, but its Inferred status and foreign reporting limit confidence.
Positive factors
- High-grade gold equivalent (4.7 g/t AuEq) in the High-Grade Breccia domain
- Accounts for 70% of contained ounces in the Barje deposit
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“4.7”
Context: 3,200,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · goldTonnes: 3200000Grade: 3.9Grade Unit: g/tContained Metal: 400000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:1c94e60caf0a228e0c12
- Deposit or zone
- High-Grade Breccia
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 3.9
- Grade Unit
- g/t
- Contained Metal
- 400000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade gold resource in the High-Grade Breccia domain is a significant component of the overall estimate, but its Inferred status and foreign reporting limit confidence.
Positive factors
- High gold grade (3.9 g/t Au) in the High-Grade Breccia domain
- Significant contained gold (400,000 oz)
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“3.9”
Context: 3,200,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · silverTonnes: 3200000Grade: 65Grade Unit: g/tContained Metal: 6700000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- silver
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:1c94e60caf0a228e0c12
- Deposit or zone
- High-Grade Breccia
Resource Data
- Category
- inferred
- Tonnes
- 3200000
- Grade
- 65
- Grade Unit
- g/t
- Contained Metal
- 6700000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This high-grade silver resource in the High-Grade Breccia domain is a significant component of the overall estimate, but its Inferred status and foreign reporting limit confidence.
Positive factors
- High silver grade (65 g/t Ag) in the High-Grade Breccia domain
- Significant contained silver (6.7 Moz)
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“65”
Context: 3,200,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · goldTonnes: 2400000Grade: 1.2Grade Unit: g/tContained Metal: 96000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:0c9105f85170324e9f0e
- Deposit or zone
- Low-Grade Schist
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 96000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Metal Eq. Grade
- 1.2
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This lower-grade gold equivalent resource in the Low-Grade Schist domain, combined with its Inferred status and foreign reporting, contributes less to overall confidence.
Negative factors
- Lower-grade gold equivalent (1.2 g/t AuEq) in the Low-Grade Schist domain
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“1.2”
Context: 2,400,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · goldTonnes: 2400000Grade: 1.1Grade Unit: g/tContained Metal: 88000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:0c9105f85170324e9f0e
- Deposit or zone
- Low-Grade Schist
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 88000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This lower-grade gold resource in the Low-Grade Schist domain, combined with its Inferred status and foreign reporting, contributes less to overall confidence.
Negative factors
- Lower-grade gold (1.1 g/t Au) in the Low-Grade Schist domain
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“1.1”
Context: 2,400,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · silverTonnes: 2400000Grade: 8.4Grade Unit: g/tContained Metal: 650000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- silver
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:0c9105f85170324e9f0e
- Deposit or zone
- Low-Grade Schist
Resource Data
- Category
- inferred
- Tonnes
- 2400000
- Grade
- 8.4
- Grade Unit
- g/t
- Contained Metal
- 650000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This lower-grade silver resource in the Low-Grade Schist domain, combined with its Inferred status and foreign reporting, contributes less to overall confidence.
Negative factors
- Lower-grade silver (8.4 g/t Ag) in the Low-Grade Schist domain
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“8.4”
Context: 2,400,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · goldTonnes: 1500000Grade: 2.1Grade Unit: g/tContained Metal: 100000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:ee3efe5d9084dce62ec5
- Deposit or zone
- Partially Oxidised Material
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 2.1
- Grade Unit
- g/t
- Contained Metal
- 100000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Metal Eq. Grade
- 2.1
- Metal Eq. Unit
- g/t AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This gold equivalent resource in the Partially Oxidised Material domain, while contributing to the total, is limited by its Inferred status, foreign reporting, and older effective date.
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“2.1”
Context: 1,500,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · goldTonnes: 1500000Grade: 1.7Grade Unit: g/tContained Metal: 87000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- gold
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:ee3efe5d9084dce62ec5
- Deposit or zone
- Partially Oxidised Material
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 1.7
- Grade Unit
- g/t
- Contained Metal
- 87000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This gold resource in the Partially Oxidised Material domain, while contributing to the total, is limited by its Inferred status, foreign reporting, and older effective date.
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“1.7”
Context: 1,500,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTlamino · silverTonnes: 1500000Grade: 29Grade Unit: g/tContained Metal: 1400000Contained Unit: ozView all detailsHide details
Identity
- Project
- Tlamino
- Commodity
- silver
- Region
- serbia
- Reported Region
- Serbia
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- other
- QP Signed
- No
- Resource group id
- resource:ee3efe5d9084dce62ec5
- Deposit or zone
- Partially Oxidised Material
Resource Data
- Category
- inferred
- Tonnes
- 1500000
- Grade
- 29
- Grade Unit
- g/t
- Contained Metal
- 1400000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2021-01-07
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This silver resource in the Partially Oxidised Material domain, while contributing to the total, is limited by its Inferred status, foreign reporting, and older effective date.
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Foreign estimate not yet classified under JORC Code, limiting direct comparability
- Effective date is over 2 years old (2021-01-07), raising currency concerns
- No Competent Person sign-off under JORC Code
Evidence · table
“29”
Context: 1,500,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredSofala · goldTonnes: 10300000Grade: 1.07Grade Unit: g/tContained Metal: 352300Contained Unit: ozView all detailsHide details
Identity
- Project
- Sofala
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:0d04a7bd50acf785694d
Resource Data
- Category
- inferred
- Tonnes
- 10300000
- Grade
- 1.07
- Grade Unit
- g/t
- Contained Metal
- 352300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This JORC-compliant Inferred resource provides a baseline for the Sofala project, but its 100% Inferred status and lower grade suggest it is an early-stage asset with potential for future growth.
Positive factors
- JORC (2012) compliant resource, indicating a recognized reporting standard
- Significant contained gold (352,300 oz) for an Inferred resource
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Lower average grade (1.07 g/t Au) compared to other projects
Evidence · text
“JORC (2012) Inferred Mineral Resources of 10.3 Mt at 1.07 g/t Au for 352,300 oz gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredSofala · goldTonnes: 9500000Grade: 1.06Grade Unit: g/tContained Metal: 324000Contained Unit: ozView all detailsHide details
Identity
- Project
- Sofala
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:7d2575ba5022a9cd2626
- Deposit or zone
- Spring Gully
Resource Data
- Category
- inferred
- Tonnes
- 9500000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 324000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Spring Gully deposit represents the bulk of the Sofala project's JORC Inferred resource, providing a significant gold endowment despite its early stage of confidence and lower grade.
Positive factors
- JORC (2012) compliant resource for Spring Gully
- Significant contained gold (324,000 oz) for an Inferred resource
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Lower average grade (1.06 g/t Au) compared to other projects
Evidence · text
“Spring Gully deposit (9.5 Mt at 1.06 g/t Au for 324,000 oz)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredSofala · goldTonnes: 800000Grade: 1.09Grade Unit: g/tContained Metal: 28300Contained Unit: ozView all detailsHide details
Identity
- Project
- Sofala
- Commodity
- gold
- Region
- australia_nsw
- Reported Region
- New South Wales
- Ticker
- MRR
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Resource group id
- resource:602c80e59f11ceaa9add
- Deposit or zone
- Surface Hill
Resource Data
- Category
- inferred
- Tonnes
- 800000
- Grade
- 1.09
- Grade Unit
- g/t
- Contained Metal
- 28300
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2026-09-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: The Surface Hill prospect contributes a smaller, lower-grade JORC Inferred resource to the Sofala project, indicating early-stage potential.
Positive factors
- JORC (2012) compliant resource for Surface Hill
Negative factors
- Resource is 100% Inferred, indicating low geological confidence
- Lower average grade (1.09 g/t Au) compared to other projects
- Smaller contained gold (28,300 oz)
Evidence · text
“Surface Hill prospect (0.8 Mt at 1.09 g/t Au for 28,300 oz)”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
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.