NRX: Annual Report to Shareholders
Original announcement by asx on
- Company
- Noronex Limited
- Ticker
- NRX
- Exchange
- ASX
- Region
- Namibia, Botswana, Alaska, USA, Canada
- Primary commodity
- Copper
- Secondary commodities
- Tin, Uranium, Silver
- Document categories
- Drill results, Agreement transaction, Capital raise, Other
- Extracted
- 2026-09-30 09:03:57 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Noronex Limited reported a net profit of $1.14 million for the year ended June 30, 2026, a significant improvement from the previous year's loss. The company advanced its exploration portfolio through strategic acquisitions, including the Sleitat Tin Project in Alaska, and disposals of non-core assets in Namibia. It also continued its copper exploration partnership with South32 in the Kalahari Copper Belt and reported new uranium drill results from Etango North, Namibia.
Reasoning: Noronex Limited reported a net profit for the year, driven by strategic transactions and ongoing exploration, but faces a material uncertainty regarding its going concern status and reliance on future funding.
Positive factors
- Company achieved a net profit for the year
- Strategic acquisitions and disposals to streamline asset base
- Ongoing exploration partnership with South32
- New uranium drill results reported
Negative factors
- Auditor's report highlights material uncertainty related to going concern
- Reliance on future funding for continued operations
Facts used in scoring: 28
Classification and evidence
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The reported intervals for the Etango North drill results are down-hole lengths and true widths are explicitly stated as unknown.
Evidence · text
“The reported intervals are down-hole lengths and true widths are unknown due to the early-stage nature of the drilling and uncertain geometry of mineralisation.”
No QA/QC Disclosurenegative · Story-specific tag
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: The document mentions 'final laboratory uranium assay results' but does not disclose specific QA/QC procedures, certified labs, or QP sign-off for the Etango North drill results.
Evidence · text
“Subsequent to the period, the Company reported final laboratory uranium assay results from its maiden Reverse Circulation (RC) drilling program at the Etango North Uranium Project (EPL 6776), located in Namibia’s premier hard-rock uranium district.”
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The document refers to 'Historical drilling at Sleitat' for the tin and silver intercepts, indicating these are not new assay results.
Evidence · text
“Historical drilling at Sleitat includes intercepts of up to 29.1m @ 1.56% Sn, 28g/t Ag (including 3.1m @ 12.55% Sn, 198g/t Ag from 20.4m)”
Extracted facts
Stored fact records: 18. Some facts used in scoring do not have a stored record.
Drill Results (18)
ODC002Etango North Uranium · uraniumGrade: 151Grade Unit: ppm U3O8Intercept: 3 mView all detailsHide details
Identity
- Hole ID
- ODC002
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 151
- Grade Unit
- ppm U3O8
- Intercept
- 3 m
- From
- 84 m
- To
- 87 m
- Hole Depth
- 227 m
- Intercept Depth
- 84 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC002:84-87
Location
- Easting
- 481877
- Northing
- 7498069
- Elevation
- 280 m
- Azimuth
- 289 °
- Dip
- -55 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: First drill results from a new project, confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“151”
Context: 3
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
ODC004Etango North Uranium · uraniumGrade: 261Grade Unit: ppm U3O8Intercept: 3 mView all detailsHide details
Identity
- Hole ID
- ODC004
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 261
- Grade Unit
- ppm U3O8
- Intercept
- 3 m
- From
- 181 m
- To
- 184 m
- Hole Depth
- 306 m
- Intercept Depth
- 181 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC004:181-184
Location
- Easting
- 481911
- Northing
- 7497716
- Elevation
- 286 m
- Azimuth
- 285 °
- Dip
- -50 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, with a slightly higher grade, but true width is unknown.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“261”
Context: 3
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
ODC005Etango North Uranium · uraniumGrade: 132Grade Unit: ppm U3O8Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- ODC005
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 132
- Grade Unit
- ppm U3O8
- Intercept
- 2 m
- From
- 155 m
- To
- 157 m
- Hole Depth
- 224 m
- Intercept Depth
- 155 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC005:155-157
Location
- Easting
- 481860
- Northing
- 7497577
- Elevation
- 289 m
- Azimuth
- 246 °
- Dip
- -59 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“132”
Context: 2
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
ODC006Etango North Uranium · uraniumGrade: 138Grade Unit: ppm U3O8Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- ODC006
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 138
- Grade Unit
- ppm U3O8
- Intercept
- 2 m
- From
- 213 m
- To
- 215 m
- Hole Depth
- 255 m
- Intercept Depth
- 213 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC006:213-215
Location
- Easting
- 481829
- Northing
- 7497437
- Elevation
- 290 m
- Azimuth
- 257 °
- Dip
- -57 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“138”
Context: 2
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
ODC008Etango North Uranium · uraniumGrade: 130Grade Unit: ppm U3O8Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- ODC008
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 130
- Grade Unit
- ppm U3O8
- Intercept
- 2 m
- From
- 13 m
- To
- 15 m
- Hole Depth
- 257 m
- Intercept Depth
- 13 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC008:13-15
Location
- Easting
- 483312
- Northing
- 7499002
- Elevation
- 308 m
- Azimuth
- 32 °
- Dip
- -60 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“130”
Context: 2
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
ODC008Etango North Uranium · uraniumGrade: 140Grade Unit: ppm U3O8Intercept: 3 mView all detailsHide details
Identity
- Hole ID
- ODC008
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 140
- Grade Unit
- ppm U3O8
- Intercept
- 3 m
- From
- 41 m
- To
- 44 m
- Hole Depth
- 257 m
- Intercept Depth
- 13 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC008:41-44
Location
- Easting
- 483312
- Northing
- 7499002
- Elevation
- 308 m
- Azimuth
- 32 °
- Dip
- -60 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“140”
Context: 3
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
ODC008Etango North Uranium · uraniumGrade: 130Grade Unit: ppm U3O8Intercept: 7 mView all detailsHide details
Identity
- Hole ID
- ODC008
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 130
- Grade Unit
- ppm U3O8
- Intercept
- 7 m
- From
- 61 m
- To
- 68 m
- Hole Depth
- 257 m
- Intercept Depth
- 13 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC008:61-68
Location
- Easting
- 483312
- Northing
- 7499002
- Elevation
- 308 m
- Azimuth
- 32 °
- Dip
- -60 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“130”
Context: 7
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
ODC008Etango North Uranium · uraniumGrade: 126Grade Unit: ppm U3O8Intercept: 3 mView all detailsHide details
Identity
- Hole ID
- ODC008
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 126
- Grade Unit
- ppm U3O8
- Intercept
- 3 m
- From
- 70 m
- To
- 73 m
- Hole Depth
- 257 m
- Intercept Depth
- 13 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC008:70-73
Location
- Easting
- 483312
- Northing
- 7499002
- Elevation
- 308 m
- Azimuth
- 32 °
- Dip
- -60 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“126”
Context: 3
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
ODC008Etango North Uranium · uraniumGrade: 270Grade Unit: ppm U3O8Intercept: 4 mView all detailsHide details
Identity
- Hole ID
- ODC008
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 270
- Grade Unit
- ppm U3O8
- Intercept
- 4 m
- From
- 78 m
- To
- 82 m
- Hole Depth
- 257 m
- Intercept Depth
- 13 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC008:78-82
Location
- Easting
- 483312
- Northing
- 7499002
- Elevation
- 308 m
- Azimuth
- 32 °
- Dip
- -60 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, with a slightly higher grade, but true width is unknown.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“270”
Context: 4
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
ODC009Etango North Uranium · uraniumGrade: 133Grade Unit: ppm U3O8Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- ODC009
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 133
- Grade Unit
- ppm U3O8
- Intercept
- 2 m
- From
- 12 m
- To
- 14 m
- Hole Depth
- 250 m
- Intercept Depth
- 12 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC009:12-14
Location
- Easting
- 483414
- Northing
- 7498908
- Elevation
- 308 m
- Azimuth
- 15 °
- Dip
- -52 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“133”
Context: 2
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
ODC009Etango North Uranium · uraniumGrade: 119Grade Unit: ppm U3O8Intercept: 5 mView all detailsHide details
Identity
- Hole ID
- ODC009
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 119
- Grade Unit
- ppm U3O8
- Intercept
- 5 m
- From
- 102 m
- To
- 107 m
- Hole Depth
- 250 m
- Intercept Depth
- 12 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC009:102-107
Location
- Easting
- 483414
- Northing
- 7498908
- Elevation
- 308 m
- Azimuth
- 15 °
- Dip
- -52 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“119”
Context: 5
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
ODC009Etango North Uranium · uraniumGrade: 139Grade Unit: ppm U3O8Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- ODC009
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 139
- Grade Unit
- ppm U3O8
- Intercept
- 2 m
- From
- 192 m
- To
- 194 m
- Hole Depth
- 250 m
- Intercept Depth
- 12 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC009:192-194
Location
- Easting
- 483414
- Northing
- 7498908
- Elevation
- 308 m
- Azimuth
- 15 °
- Dip
- -52 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“139”
Context: 2
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
ODC009Etango North Uranium · uraniumGrade: 183Grade Unit: ppm U3O8Intercept: 5 mView all detailsHide details
Identity
- Hole ID
- ODC009
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 183
- Grade Unit
- ppm U3O8
- Intercept
- 5 m
- From
- 205 m
- To
- 210 m
- Hole Depth
- 250 m
- Intercept Depth
- 12 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC009:205-210
Location
- Easting
- 483414
- Northing
- 7498908
- Elevation
- 308 m
- Azimuth
- 15 °
- Dip
- -52 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“183”
Context: 5
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
ODC009Etango North Uranium · uraniumGrade: 189Grade Unit: ppm U3O8Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- ODC009
- Project
- Etango North Uranium
- Commodity
- uranium
- Region
- namibia
- Reported Region
- namibia
- Ticker
- NRX
Geometry
- Grade
- 189
- Grade Unit
- ppm U3O8
- Intercept
- 2 m
- From
- 215 m
- To
- 217 m
- Hole Depth
- 250 m
- Intercept Depth
- 12 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- ODC009:215-217
Location
- Easting
- 483414
- Northing
- 7498908
- Elevation
- 308 m
- Azimuth
- 15 °
- Dip
- -52 °
- Loc. Confidence
- medium
- Loc. Source
- document
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Maiden drill results confirming mineralization, but grade is low and true width is not known.
Positive factors
- Maiden drill program
- Intercept above reporting cut-off
Negative factors
- True width unknown
- Grade is below weak threshold for uranium
- No QA/QC disclosure
Evidence · table
“189”
Context: 2
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
Fact 15Sleitat · tinGrade: 1.56Grade Unit: %Intercept: 29.1 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Sleitat
- Commodity
- tin
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- NRX
Geometry
- Grade
- 1.56
- Grade Unit
- %
- Intercept
- 29.1 m
Classification
- Program
- exploration
- Sample Type
- drill
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Strong historical tin intercept, indicating potential, but not new information.
Positive factors
- High-grade historical intercept
- Significant intercept length
Negative factors
- Historical data, not new
- No true width stated
Evidence · text
“29.1m @ 1.56% Sn”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 16Sleitat · silverGrade: 28Grade Unit: g/tIntercept: 29.1 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Sleitat
- Commodity
- silver
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- NRX
Geometry
- Grade
- 28
- Grade Unit
- g/t
- Intercept
- 29.1 m
Classification
- Program
- exploration
- Sample Type
- drill
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Moderate historical silver credit alongside tin, but not new information.
Positive factors
- Historical silver credit
Negative factors
- Historical data, not new
- No true width stated
Evidence · text
“28g/t Ag”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 17Sleitat · tinGrade: 12.55Grade Unit: %Intercept: 3.1 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Sleitat
- Commodity
- tin
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- NRX
Geometry
- Grade
- 12.55
- Grade Unit
- %
- Intercept
- 3.1 m
- From
- 20.4 m
- To
- 23.5 m
- Intercept Depth
- 20.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Sleitat:20.4-23.5
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Exceptionally high-grade historical tin intercept within a broader zone, but not new information.
Positive factors
- Bonanza-grade historical intercept
- High-grade sub-interval
Negative factors
- Historical data, not new
- No true width stated
Evidence · text
“3.1m @ 12.55% Sn”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 18Sleitat · silverGrade: 198Grade Unit: g/tIntercept: 3.1 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Sleitat
- Commodity
- silver
- Region
- usa_ak
- Reported Region
- usa_ak
- Ticker
- NRX
Geometry
- Grade
- 198
- Grade Unit
- g/t
- Intercept
- 3.1 m
- From
- 20.4 m
- To
- 23.5 m
- Intercept Depth
- 20.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Sleitat:20.4-23.5
QA/QC
- QP Signed
- No
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: Strong historical silver credit within a high-grade tin sub-interval, but not new information.
Positive factors
- Strong historical silver credit
Negative factors
- Historical data, not new
- No true width stated
Evidence · text
“198g/t Ag”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
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.