# NMT: Quarterly Activities/Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152893 Publisher: asx Original announcement: 2026-10-15T03:14:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-15T04:12:41.294Z Atlas analysis updated: 2026-10-15T04:12:41.294Z - Company: Neometals Ltd - Ticker: NMT - Exchange: ASX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Other, Drill results, Capital raise, Resource update - Extracted: 2026-10-15 04:12:42 UTC Narrative sentiment: -0.30 · Bearish ## Minestarters Atlas summary Neometals Ltd's quarterly report summarized previously announced strong gold and copper drill results from its Barrambie Project, which continue to strengthen the interpreted mineralized corridors. Despite these positive operational updates, the company faces significant financial challenges, including A$5.0 million in outstanding placement funds, the recent drawdown of a A$2.0 million standby loan, and a critically low cash balance providing only 1.08 quarters of funding. Reasoning: This quarterly report summarizes previously announced strong gold and copper drill results that strengthen the geological understanding of the Barrambie Project. However, the operational highlights are overshadowed by significant financial challenges, including A$5.0 million in outstanding placement funds, reliance on a standby loan, and a critically short cash runway of just over one quarter, raising concerns about the company's liquidity. - Positive factor: Strong gold and copper drill intercepts \(previously reported\) - Positive factor: Strengthening interpreted higher-grade gold corridor - Positive factor: Confirmation of primary copper-sulphide mineralization - Negative factor: Drill results are re-reported from prior announcements - Negative factor: Outstanding placement funds - Negative factor: Drawing on standby loan - Negative factor: Low cash balance - Negative factor: Limited funding runway \(1.08 quarters\) - Negative factor: Incompletely tested geophysical target due to water ingress Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 16 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 16. Some facts used in scoring do not have a stored record. ## Drill Results (11) ### 26ICRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-0) Barrambie Gold & · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26ICRC004 - Project: Barrambie Gold & - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 5.99 - Grade Unit: g/t - Intercept: 12 m - From: 116 m - To: 128 m - Intercept Depth: 116 m #### Classification - Sample Type: drill - Group ID: 26ICRC004:116-128 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-04T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported intercept shows a strong gold grade over a moderate width, strengthening the interpreted higher-grade corridor at Ironclad. - Positive factor: Strong grade - Positive factor: Moderate width - Positive factor: Strengthens interpreted higher-grade corridor - Negative factor: Apparent width only - Negative factor: Result previously announced Evidence · text > 12m at 5.99g/t Au from 116m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 4 September 2026. Evidence · text > 1 Neometals ASX announcement dated 4 September 2026, “Exploration Update – Gold Assays for Ironclad Resource Extension Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 12m at 5.99g/t Au from 116m ### 26ICRC004 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-1) Barrambie Gold & · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26ICRC004 - Project: Barrambie Gold & - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 10.13 - Grade Unit: g/t - Intercept: 4 m - From: 118 m - To: 122 m - Intercept Depth: 118 m #### Classification - Sample Type: drill - Group ID: 26ICRC004:118-122 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-04T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported sub-interval shows an exceptional gold grade, further strengthening the interpreted higher-grade corridor at Ironclad. - Positive factor: Exceptional grade - Positive factor: Strengthens interpreted higher-grade corridor - Negative factor: Apparent width only - Negative factor: Result previously announced Evidence · text > incl. 4m at 10.13g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 10.13 g/t exceeds the 5 g/t exceptional threshold for open-pit gold deposits. Evidence · text > 10.13g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 4 September 2026. Evidence · text > 1 Neometals ASX announcement dated 4 September 2026, “Exploration Update – Gold Assays for Ironclad Resource Extension Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 4m at 10.13g/t Au ### 26ICRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-2) Barrambie Gold & · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26ICRC003 - Project: Barrambie Gold & - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 5.5 - Grade Unit: g/t - Intercept: 11 m - From: 94 m - To: 105 m - Intercept Depth: 94 m #### Classification - Sample Type: drill - Group ID: 26ICRC003:94-105 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-04T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported intercept shows a strong gold grade over a moderate width, strengthening the interpreted higher-grade corridor at Ironclad. - Positive factor: Strong grade - Positive factor: Moderate width - Positive factor: Strengthens interpreted higher-grade corridor - Negative factor: Apparent width only - Negative factor: Result previously announced Evidence · text > 11m at 5.50g/t Au from 94m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 4 September 2026. Evidence · text > 1 Neometals ASX announcement dated 4 September 2026, “Exploration Update – Gold Assays for Ironclad Resource Extension Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 11m at 5.50g/t Au ### 26ICRC003 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-3) Barrambie Gold & · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26ICRC003 - Project: Barrambie Gold & - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 15.1 - Grade Unit: g/t - Intercept: 3 m - From: 94 m - To: 97 m - Intercept Depth: 94 m #### Classification - Sample Type: drill - Group ID: 26ICRC003:94-97 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-04T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported sub-interval shows an exceptional gold grade, further strengthening the interpreted higher-grade corridor at Ironclad. - Positive factor: Exceptional grade - Positive factor: Strengthens interpreted higher-grade corridor - Negative factor: Apparent width only - Negative factor: Result previously announced Evidence · text > incl. 3m at 15.10g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 15.10 g/t exceeds the 5 g/t exceptional threshold for open-pit gold deposits. Evidence · text > 15.10g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 4 September 2026. Evidence · text > 1 Neometals ASX announcement dated 4 September 2026, “Exploration Update – Gold Assays for Ironclad Resource Extension Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 3m at 15.10g/t Au ### 26ICRC001 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-4) Barrambie Gold & · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26ICRC001 - Project: Barrambie Gold & - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 2.14 - Grade Unit: g/t - Intercept: 18 m - From: 89 m - To: 107 m - Intercept Depth: 89 m #### Classification - Sample Type: drill - Group ID: 26ICRC001:89-107 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-04T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported intercept shows a strong gold grade over a moderate width, strengthening the interpreted higher-grade corridor at Ironclad. - Positive factor: Strong grade - Positive factor: Moderate width - Positive factor: Strengthens interpreted higher-grade corridor - Negative factor: Apparent width only - Negative factor: Result previously announced Evidence · text > 18m at 2.14g/t Au from 89m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 4 September 2026. Evidence · text > 1 Neometals ASX announcement dated 4 September 2026, “Exploration Update – Gold Assays for Ironclad Resource Extension Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 18m at 2.14g/t Au ### 26ICRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-5) Barrambie Gold & · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26ICRC002 - Project: Barrambie Gold & - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 1.12 - Grade Unit: g/t - Intercept: 15 m - From: 69 m - To: 84 m - Intercept Depth: 69 m #### Classification - Sample Type: drill - Group ID: 26ICRC002:69-84 - Mining Method: open\_pit #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-09-04T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported intercept shows a moderate gold grade over a moderate width, contributing to the interpreted higher-grade corridor at Ironclad. - Positive factor: Moderate grade - Positive factor: Moderate width - Positive factor: Strengthens interpreted higher-grade corridor - Negative factor: Apparent width only - Negative factor: Result previously announced Evidence · text > 15m at 1.12g/t Au from 69m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 4 September 2026. Evidence · text > 1 Neometals ASX announcement dated 4 September 2026, “Exploration Update – Gold Assays for Ironclad Resource Extension Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 15m at 1.12g/t Au ### 26RCRC009 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-6) Barrambie Gold & · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26RCRC009 - Project: Barrambie Gold & - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 1.56 - Grade Unit: % - Intercept: 6 m - From: 101 m - To: 107 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: 26RCRC009:101-107 - Mining Method: unknown #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-17T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported intercept shows a strong copper grade, confirming primary copper-sulphide mineralisation at Rinaldi, though further drilling is needed to determine continuity and economic significance. - Positive factor: Strong copper grade - Positive factor: Confirms primary copper-sulphide mineralisation - Negative factor: Apparent width only - Negative factor: Result previously announced - Negative factor: Continuity, scale and economic significance require further drilling Evidence · text > 6m at 1.56% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 17 August 2026. Evidence · text > 2 Neometals ASX announcement dated 17 August 2026, “Exploration Update – Initial Copper Assays for Rinaldi Reverse Circulation Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 6m at 1.56% Cu ### 26RCRC009 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-7) Barrambie Gold & · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26RCRC009 - Project: Barrambie Gold & - Commodity: silver - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 20.8 - Grade Unit: g/t - Intercept: 6 m - From: 101 m - To: 107 m - Intercept Depth: 101 m #### Classification - Sample Type: drill - Group ID: 26RCRC009:101-107 - Mining Method: unknown #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-17T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported intercept includes a moderate silver grade alongside copper, contributing to the overall mineralization at Rinaldi. - Positive factor: Moderate silver grade - Negative factor: Apparent width only - Negative factor: Result previously announced - Negative factor: Continuity, scale and economic significance require further drilling Evidence · text > 20.8g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 17 August 2026. Evidence · text > 2 Neometals ASX announcement dated 17 August 2026, “Exploration Update – Initial Copper Assays for Rinaldi Reverse Circulation Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 20.8g/t Ag ### 26RCRC009 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-8) Barrambie Gold & · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26RCRC009 - Project: Barrambie Gold & - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 2.96 - Grade Unit: % - Intercept: 1 m - From: 105 m - To: 106 m - Intercept Depth: 105 m #### Classification - Sample Type: drill - Group ID: 26RCRC009:105-106 - Mining Method: unknown #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-17T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported sub-interval shows an exceptional copper grade, further confirming primary copper-sulphide mineralisation at Rinaldi, though its narrow width and need for further drilling limit its immediate impact. - Positive factor: Exceptional copper grade - Positive factor: Confirms primary copper-sulphide mineralisation - Negative factor: Apparent width only - Negative factor: Result previously announced - Negative factor: Narrow width - Negative factor: Continuity, scale and economic significance require further drilling Evidence · text > incl. 1m at 2.96% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 17 August 2026. Evidence · text > 2 Neometals ASX announcement dated 17 August 2026, “Exploration Update – Initial Copper Assays for Rinaldi Reverse Circulation Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 1m at 2.96% Cu ### 26RCRC009 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-9) Barrambie Gold & · silver Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26RCRC009 - Project: Barrambie Gold & - Commodity: silver - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 40.2 - Grade Unit: g/t - Intercept: 1 m - From: 105 m - To: 106 m - Intercept Depth: 105 m #### Classification - Sample Type: drill - Group ID: 26RCRC009:105-106 - Mining Method: unknown #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-17T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported sub-interval includes a moderate silver grade alongside copper, contributing to the overall mineralization at Rinaldi. - Positive factor: Moderate silver grade - Negative factor: Apparent width only - Negative factor: Result previously announced - Negative factor: Narrow width - Negative factor: Continuity, scale and economic significance require further drilling Evidence · text > and 40.2g/t Ag #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 17 August 2026. Evidence · text > 2 Neometals ASX announcement dated 17 August 2026, “Exploration Update – Initial Copper Assays for Rinaldi Reverse Circulation Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 40.2g/t Ag ### 26RCRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-drill-facts-10) Barrambie Gold & · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: 26RCRC007 - Project: Barrambie Gold & - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: NMT #### Geometry - Grade: 0.43 - Grade Unit: % - Intercept: 5 m - From: 31 m - To: 36 m - Intercept Depth: 31 m #### Classification - Sample Type: drill - Group ID: 26RCRC007:31-36 - Mining Method: unknown #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2026-08-17T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported intercept shows a moderate copper grade, contributing to the overall mineralization at Rinaldi, though further drilling is needed to determine continuity and economic significance. - Positive factor: Moderate copper grade - Negative factor: Apparent width only - Negative factor: Result previously announced - Negative factor: Continuity, scale and economic significance require further drilling Evidence · text > 5m at 0.43% Cu from 31m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This drill result was previously announced on 17 August 2026. Evidence · text > 2 Neometals ASX announcement dated 17 August 2026, “Exploration Update – Initial Copper Assays for Rinaldi Reverse Circulation Drilling” **QA/QC Disclosed** — Rejected; excluded from scoring Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Reason: The announcement includes a Competent Person statement for exploration results. Evidence · text > The information in this announcement that relates to the Exploration Results reported by the Company during 2026 for Ironclad and Rinaldi, is based on and fairly represents information and supporting documentation compiled and reviewed by Mr Travis Craig a Competent Person who is a Member of the Australian Institute of Geologists \(AIG\) and is currently employed full time by Neometals Ltd as Exploration Manager. **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as downhole width with no true width or drill orientation disclosed. Evidence · text > 5m at 0.43% Cu ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-resource-facts-11) Ironclad Gold Deposit · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ironclad Gold Deposit - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NMT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Clay Gordon - Resource group id: resource:31478a96d811a630f53b - Deposit or zone: Higher-grade Domain #### Resource Data - Category: indicated - Tonnes: 145000 - Grade: 2 - Grade Unit: g/t - Contained Metal: 10000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-03-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-10T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported Indicated resource for the Higher-grade Domain at Ironclad shows a strong gold grade and is JORC compliant with QP sign-off, providing a solid base for project evaluation. - Positive factor: Indicated resource category - Positive factor: Strong grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Positive factor: Cut-off disclosed - Negative factor: Stale estimate \(re-reported\) Evidence · table > 2.0 Context: 145,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-resource-facts-12) Ironclad Gold Deposit · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ironclad Gold Deposit - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NMT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Clay Gordon - Resource group id: resource:d38c9b8349fae467989a - Deposit or zone: Higher-grade Domain #### Resource Data - Category: inferred - Tonnes: 35000 - Grade: 2.1 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-03-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-10T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported Inferred resource for the Higher-grade Domain at Ironclad shows a strong gold grade but is a speculative category, limiting its immediate economic impact. - Positive factor: Strong grade - Positive factor: JORC compliant - Positive factor: QP/CP signed - Positive factor: Cut-off disclosed - Negative factor: Inferred resource category - Negative factor: Stale estimate \(re-reported\) Evidence · table > 2.1 Context: 35,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-resource-facts-13) Ironclad Gold Deposit · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ironclad Gold Deposit - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NMT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Clay Gordon - Resource group id: resource:8c2b2ed88e3b7b2b9ace - Deposit or zone: Lower-grade Domain #### Resource Data - Category: indicated - Tonnes: 100000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 2800 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-03-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-10T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported Indicated resource for the Lower-grade Domain at Ironclad shows a moderate gold grade and is JORC compliant with QP sign-off, contributing to the overall resource. - Positive factor: Indicated resource category - Positive factor: JORC compliant - Positive factor: QP/CP signed - Positive factor: Cut-off disclosed - Negative factor: Moderate grade - Negative factor: Stale estimate \(re-reported\) Evidence · table > 0.9 Context: 100,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-resource-facts-14) Ironclad Gold Deposit · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ironclad Gold Deposit - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NMT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Clay Gordon - Resource group id: resource:c0cee98aab921a21a079 - Deposit or zone: Lower-grade Domain #### Resource Data - Category: inferred - Tonnes: 5000 - Grade: 0.9 - Grade Unit: g/t - Contained Metal: 200 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-03-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-10T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported Inferred resource for the Lower-grade Domain at Ironclad shows a moderate gold grade but is a speculative category, limiting its immediate economic impact. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Positive factor: Cut-off disclosed - Negative factor: Inferred resource category - Negative factor: Moderate grade - Negative factor: Stale estimate \(re-reported\) Evidence · table > 0.9 Context: 5,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nmt-quarterly-activities-appendix-5b-cash-flow-report--5adf46c8-4942-4b01-a57b-35fe8736355e#fact-resource-facts-15) Ironclad Gold Deposit · gold Historical result Needs review: historical\_restatement #### Identity - Project: Ironclad Gold Deposit - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: NMT #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Clay Gordon - Resource group id: resource:13590f10aa54921a8fbc #### Resource Data - Category: indicated - Tonnes: 285000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 15000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t #### Prior Estimate - Resource Date: 2026-03-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2026-03-10T00:00:00.000Z #### Dates - Event date: 2026-10-15T00:00:00.000Z Reasoning: This previously reported total resource for Ironclad, comprising both Indicated and Inferred categories, is JORC compliant with QP sign-off, providing an overall estimate for the deposit. - Positive factor: JORC compliant - Positive factor: QP/CP signed - Positive factor: Cut-off disclosed - Negative factor: Mixed resource categories \(Indicated and Inferred\) - Negative factor: Stale estimate \(re-reported\) Evidence · table > 1.6 Context: 285,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" ## 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.