# NVO: Novo Corporate Presentation September 2026

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03141925

Publisher: asx

Original announcement: 2026-09-21T22:19:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-21T23:11:45.880Z

Atlas analysis updated: 2026-09-21T23:11:45.880Z

- Company: Novo Resources Corp

- Ticker: NVO

- Exchange: ASX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: Copper, Antimony, Silver, Zinc, Bismuth

- Document categories: Resource update, Drill results, Other

- Extracted: 2026-09-21 23:11:46 UTC

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas summary

Novo Resources Corp has announced a maiden Inferred Mineral Resource Estimate for the Leven Star Reef at its Belltopper Gold Project, totaling 760,000 tonnes at 3.6 g/t Au for 87,000 oz of contained gold. The company also updated its Belltopper Exploration Target to 2.1-3.1 Mt at 6.7-8.9 g/t Au for 460-880 koz Au. The presentation reiterates strong historical drill and rock chip results from its Australian gold, copper, and polymetallic projects, with active exploration programs planned for late 2026 and early 2027.

Reasoning: The corporate presentation highlights a maiden Inferred Mineral Resource Estimate and an updated, significantly larger Exploration Target for the Belltopper Gold Project, alongside strong historical results from other projects and a clear, funded exploration pipeline. While some results are historical, the overall picture is positive for future growth.

- Positive factor: Maiden Inferred Mineral Resource Estimate for Leven Star Reef

- Positive factor: Significant updated Exploration Target for Belltopper Gold Project

- Positive factor: Strong historical drill and rock chip results from multiple projects

- Positive factor: Active and well-funded exploration program planned for Q4 2026 and Q1 2027

- Positive factor: Strong financial position with cash and investment portfolio

- Negative factor: Many reported drill and rock chip results are historical re-statements, reducing novelty

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 22

## Classification and evidence

**Maiden Resource**

Polarity: neutral

Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The document explicitly states 'A maiden Inferred Mineral Resource Estimate... is reported for the Leven Star Reef'.

Evidence · text

> A maiden Inferred Mineral Resource Estimate

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource estimate is entirely in the Inferred category, which is the lowest confidence level.

Evidence · text

> A maiden Inferred Mineral Resource Estimate of 760,000 tonnes at 3.6 g/t Au for 87,000 oz contained gold is reported for the Leven Star Reef

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: The technical content of the presentation, including the resource estimate, is signed off by Dr. Christopher Doyle \(MAIG\) and Dr Simon Dominy \(FAusIMM CPGeo; FAIG RPGeo\) as Competent Persons.

Evidence · text

> Dr Christopher Doyle \(MAIG\) and Dr Simon Dominy \(FAusIMM CPGeo; FAIG RPGeo\), are the qualified persons, as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects, responsible for, and having reviewed and approved, the technical information relating to the Exploration Target.

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: The presentation states that all exploration results and resource estimates are prepared in accordance with the JORC Code.

Evidence · text

> all exploration results and resource and reserve estimates included in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \(NI 43-101\) and the JORC Code

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The presentation states that all exploration results and resource estimates are prepared in accordance with NI 43-101.

Evidence · text

> all exploration results and resource and reserve estimates included in this presentation have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects \(NI 43-101\) and the JORC Code

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: Multiple drill and rock chip results presented in the September 2026 presentation are explicitly referenced as being from 2025 or earlier news releases.

Evidence · text

> Novo’s maiden RC drill program at Clone ... \(TBR0001\)8 ... 8 09 July 2025 08 July 2025 High-grade results from RC Drilling at Tibooburra Gold Project

**Bonanza Intercept**

Polarity: positive

Definition: Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The historical drill result of 5 m @ 13.74 g/t Au is well above the exceptional threshold for gold.

Evidence · text

> including 5 m @ 13.74 g/t Au from 23 m \(TBR0001\)

**QA/QC Disclosed**

Polarity: positive

Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\).

Why it applies: The document states that the technical content has been reviewed, approved, and verified by qualified persons, implying QA/QC disclosure.

Evidence · text

> Dr. Quinton Hennigh \(P.Geo.\), Mr. Michael Spreadborough \(MAusIMM\), Dr. Christopher Doyle \(MAIG\), and Dr Simon Dominy \(FAusIMM CPGeo; FAIG RPGeo\) are the qualified persons, as defined in NI 43-101, who have reviewed, approved and verified the technical content of this presentation.

## Extracted facts

Stored fact records: 22. Some facts used in scoring do not have a stored record.

## Drill Results (10)

### TBR0001

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-1)

Tibooburra · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TBR0001
- Project: Tibooburra
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 5.9
- Grade Unit: g/t
- Intercept: 12 m
- From: 16 m
- To: 28 m
- Intercept Depth: 16 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TBR0001:16-28

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-07-09T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical drill intercept from the Tibooburra Gold Project shows a strong gold grade over a good width, indicating significant mineralization, though its novelty is low as it's a re-statement.

- Positive factor: Strong gold grade of 5.9 g/t over a good width of 12m

- Positive factor: Intercept length of 12m indicates good continuity

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

Evidence · text

> 12 m @ 5.90 g/t Au from 16 m

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TBR0001

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-2)

Tibooburra · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TBR0001
- Project: Tibooburra
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 13.74
- Grade Unit: g/t
- Intercept: 5 m
- From: 23 m
- To: 28 m
- Intercept Depth: 23 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TBR0001:23-28

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-07-09T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical sub-interval from the Tibooburra Gold Project shows an exceptionally high gold grade, highlighting a bonanza zone within the broader intercept, though its novelty is low.

- Positive factor: Very high gold grade of 13.74 g/t over 5m, indicating a bonanza zone

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

Evidence · text

> including 5 m @ 13.74 g/t Au from 23 m \(TBR0001\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TBR0014

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-3)

Tibooburra · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TBR0014
- Project: Tibooburra
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 2.4
- Grade Unit: g/t
- Intercept: 17 m
- From: 59 m
- To: 76 m
- Intercept Depth: 59 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TBR0014:59-76

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-07-09T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical drill intercept from the Tibooburra Gold Project shows a moderate gold grade over a significant width, indicating mineralization continuity, though its novelty is low.

- Positive factor: Good intercept length of 17m at a moderate gold grade

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

Evidence · text

> 17 m @ 2.40 g/t Au from 59 m

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### TBR0014

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-4)

Tibooburra · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TBR0014
- Project: Tibooburra
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 4.14
- Grade Unit: g/t
- Intercept: 9 m
- From: 59 m
- To: 68 m
- Intercept Depth: 59 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: TBR0014:59-68

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-07-09T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical sub-interval from the Tibooburra Gold Project shows a strong gold grade over a good width, indicating a higher-grade zone within the broader intercept, though its novelty is low.

- Positive factor: Strong gold grade of 4.14 g/t over a good width of 9m

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

Evidence · text

> including 9 m @ 4.14 g/t Au from 59 m \(TBR0014\)

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-5)

Toolunga · copper

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Toolunga
- Commodity: copper
- Region: australia\_vic
- Reported Region: australia\_vic
- Ticker: NVO

#### Geometry

- Grade: 0.3
- Grade Unit: %
- Intercept: 2 m
- From: 80 m
- To: 82 m
- Intercept Depth: 80 m

#### Classification

- Program: exploration
- Sample Type: drill
- Group ID: Toolunga:80-82

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 1996-01-01T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical drill intercept from the Toolunga Copper-Gold Project shows low-grade copper mineralization over a narrow width, and its age significantly reduces its novelty.

- Positive factor: Indicates copper mineralization at the Lobster prospect

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical \(1996\), significantly reducing its novelty

- Negative factor: Low grade of 0.3% Cu over a narrow width of 2m

Evidence · text

> 2 m @ 0.3% Cu at 80 m

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-17)

Balla Balla · silver

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Balla Balla
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 96.8
- Grade Unit: ppm

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-06-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical AC drill result from the Balla Balla Polymetallic Project indicates moderate silver mineralization, though it is historical and reported in ppm.

- Positive factor: Indicates presence of silver mineralization from AC drilling

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Grade is in ppm, which is a lower concentration

Evidence · text

> 96.8 ppm 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-18)

Balla Balla · antimony

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Balla Balla
- Commodity: antimony
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 182
- Grade Unit: ppm

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-06-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical AC drill result from the Balla Balla Polymetallic Project indicates moderate antimony mineralization, though it is historical and reported in ppm.

- Positive factor: Indicates presence of antimony mineralization from AC drilling

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Grade is in ppm, which is a lower concentration

Evidence · text

> 182 ppm Sb

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-19)

Balla Balla · copper

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Balla Balla
- Commodity: copper
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 353
- Grade Unit: ppm

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-06-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical AC drill result from the Balla Balla Polymetallic Project indicates moderate copper mineralization, though it is historical and reported in ppm.

- Positive factor: Indicates presence of copper mineralization from AC drilling

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Grade is in ppm, which is a lower concentration

Evidence · text

> 353 ppm 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-20)

Balla Balla · bismuth

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Balla Balla
- Commodity: bismuth
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 71.6
- Grade Unit: ppm

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-06-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical AC drill result from the Balla Balla Polymetallic Project indicates moderate bismuth mineralization, though it is historical and reported in ppm.

- Positive factor: Indicates presence of bismuth mineralization from AC drilling

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Grade is in ppm, which is a lower concentration

Evidence · text

> 71.6 ppm Bi

#### 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

### Fact 10

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-drill-facts-21)

Balla Balla · gold

Historical result

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Balla Balla
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: NVO

#### Geometry

- Grade: 0.114
- Grade Unit: ppm

#### Classification

- Sample Type: drill

#### QA/QC

- QP Signed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: Yes
- Historical Source Date: 2025-06-20T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical AC drill result from the Balla Balla Polymetallic Project indicates very low-level gold anomalism, suggesting potential but at a weak grade, and is historical.

- Positive factor: Indicates presence of low-level gold anomalism from AC drilling

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Very low gold grade of 0.114 ppm

Evidence · text

> peak 0.114 ppm 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

**Stale Data Re-release**

Polarity: negative

Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

## Resource Estimates (12)

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-0)

Belltopper Gold Project · gold

#### Identity

- Project: Belltopper Gold Project
- Commodity: gold
- Ticker: NVO

#### Resource scope

- Estimate type: resource
- Reporting standards: ni\_43\_101, jorc
- QP Signed: Yes
- Qualified person names: Dr. Christopher Doyle, Dr Simon Dominy
- Resource group id: resource:1d9158395705cf3830e7
- Deposit or zone: Leven Star Reef

#### Resource Data

- Category: inferred
- Tonnes: 760000
- Grade: 3.6
- Grade Unit: g/t
- Contained Metal: 87000
- Contained Unit: oz

#### Prior Estimate

- Resource Date: 2026-06-09

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: The maiden Inferred MRE for the Leven Star Reef is a significant milestone, establishing a baseline resource for the Belltopper Gold Project with a strong grade for an underground target, despite being entirely in the Inferred category.

- Positive factor: Maiden Inferred Mineral Resource Estimate establishes a baseline for the project

- Positive factor: Resource grade of 3.6 g/t Au is strong for an underground gold project

- Positive factor: QP/CP signed off on the estimate, indicating high credibility

- Positive factor: Compliant with both NI 43-101 and JORC Code

- Negative factor: Resource is entirely in the Inferred category, which is the lowest confidence

Evidence · text

> A maiden Inferred Mineral Resource Estimate of 760,000 tonnes at 3.6 g/t Au for 87,000 oz contained gold is reported for the Leven Star Reef within the Belltopper Gold Project as at 9 June 2026

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

**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

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard.

Why it applies: reporting\_standards includes jorc

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: reporting\_standards includes ni\_43\_101

### Fact 2

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-6)

Teichman Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: gold
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 77.5
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows an exceptionally high gold grade, indicating bonanza-grade mineralization potential, though it is a surface sample and historical.

- Positive factor: Extremely high gold grade of 77.5 g/t from a rock chip sample, indicating bonanza potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 77.5 g/t Au

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 3

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-7)

Teichman Gold Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: silver
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 9.3
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows moderate silver grades, suggesting polymetallic potential, though it is a surface sample and historical.

- Positive factor: Indicates presence of silver mineralization alongside high-grade gold

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 9.3 g/t Ag

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-8)

Teichman Gold Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: copper
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 0.24
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows moderate copper grades, suggesting polymetallic potential, though it is a surface sample and historical.

- Positive factor: Indicates presence of copper mineralization alongside high-grade gold

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 0.24% Cu

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-9)

Teichman Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: gold
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 51.4
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows an exceptionally high gold grade, indicating bonanza-grade mineralization potential, though it is a surface sample and historical.

- Positive factor: Extremely high gold grade of 51.4 g/t from a rock chip sample, indicating bonanza potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 51.4 g/t Au

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 6

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-10)

Teichman Gold Project · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: silver
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 7.9
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows moderate silver grades, suggesting polymetallic potential, though it is a surface sample and historical.

- Positive factor: Indicates presence of silver mineralization alongside high-grade gold

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 7.9 g/t Ag

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 7

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-11)

Teichman Gold Project · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: copper
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 0.59
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows a strong copper grade, suggesting significant polymetallic potential, though it is a surface sample and historical.

- Positive factor: Strong copper grade of 0.59% from a rock chip sample, indicating significant copper potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 0.59% Cu

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 8

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-12)

Teichman Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: gold
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 30.3
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows an exceptionally high gold grade, indicating bonanza-grade mineralization potential, though it is a surface sample and historical.

- Positive factor: Extremely high gold grade of 30.3 g/t from a rock chip sample, indicating bonanza potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 30.3 g/t Au

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 9

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-13)

Teichman Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: gold
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 17.5
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows a very high gold grade, indicating bonanza-grade mineralization potential, though it is a surface sample and historical.

- Positive factor: Very high gold grade of 17.5 g/t from a rock chip sample, indicating bonanza potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 17.5 g/t Au

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 10

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-14)

Teichman Gold Project · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Teichman Gold Project
- Commodity: gold
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:cf3b6fd7b158eb6de257

#### Resource Data

- Grade: 38.3
- Grade Unit: g/t

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2025-11-11T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Teichman Gold Project shows an exceptionally high gold grade, indicating bonanza-grade mineralization potential, though it is a surface sample and historical.

- Positive factor: Extremely high gold grade of 38.3 g/t from a rock chip sample, indicating bonanza potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 38.3 g/t Au \(Mountain Maid\)

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 11

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-15)

Wyloo Polymetallic Project · antimony

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Wyloo Polymetallic Project
- Commodity: antimony
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:a52813c7dffd0c50b294

#### Resource Data

- Grade: 3.55
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-07-22T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Wyloo Polymetallic Project shows a very high antimony grade, indicating significant mineralization potential, though it is a surface sample and historical.

- Positive factor: Very high antimony grade of 3.55% from a rock chip sample, indicating significant potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 3.55% Sb

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### Fact 12

[Link to this fact](https://atlas-staging.minestarters.com/news/nvo-novo-corporate-presentation-september-2026--d9cab050-8a39-4aec-95ed-7a3f25e2db35#fact-resource-facts-16)

Wyloo Polymetallic Project · antimony

Historical result

Needs review: historical\_restatement

#### Identity

- Project: Wyloo Polymetallic Project
- Commodity: antimony
- Ticker: NVO

#### Resource scope

- QP Signed: Yes
- Resource group id: resource:a52813c7dffd0c50b294

#### Resource Data

- Grade: 3.32
- Grade Unit: %

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Historical: Yes
- Historical Source Date: 2026-07-22T00:00:00.000Z

#### Dates

- Event date: 2026-09-21T00:00:00.000Z

Reasoning: This historical rock chip sample from the Wyloo Polymetallic Project shows a very high antimony grade, indicating significant mineralization potential, though it is a surface sample and historical.

- Positive factor: Very high antimony grade of 3.32% from a rock chip sample, indicating significant potential

- Positive factor: QP/CP signed off on the technical content

- Negative factor: Result is historical, reducing its novelty

- Negative factor: Rock chip samples are not representative of in-situ grades

Evidence · text

> 3.32% Sb

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: qp\_signed is true

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

## 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.