NYM: Annual Report to shareholders
Original announcement by asx on
- Company
- Narryer Metals Limited
- Ticker
- NYM
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Scandium
- Secondary commodities
- Rare earth elements, Gallium, Titanium, Lithium, Copper, Gold, Silver, Heavy mineral
- Document categories
- Resource update, Metallurgy, Drill results
- Extracted
- 2026-09-24 08:16:28 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Narryer Metals Limited reported a mixed but generally positive year, advancing its critical minerals portfolio. Key highlights include the definition of an Exploration Target for scandium, rare earth elements, and gallium at the Rocky Gully Project, alongside encouraging metallurgical testwork results. The company also announced a significant maiden Mineral Resource for the Rosewood Project within the Muckanippie JV, and reported high-grade heavy mineral drill intercepts at other Muckanippie prospects. Subsequent to year-end, Narryer proposed the acquisition of the Redhill Copper Project in Chile, complemented by a strategic investment from 29Metals, though the company faces a material uncertainty regarding its going concern status.
Reasoning: The company reported significant progress across its critical minerals portfolio, including new exploration targets, positive metallurgical testwork, a maiden resource estimate, and high-grade drill results. A proposed acquisition and strategic investment further enhance its project pipeline, though financial uncertainty remains a concern.
Positive factors
- Definition of Exploration Target at Rocky Gully
- Encouraging metallurgical results for Rocky Gully with high extraction rates for magnet REEs
- Maiden Mineral Resource for Rosewood Project with significant tonnage and grade
- High-grade heavy mineral drill intercepts at Muckanippie JV prospects
- Proposed acquisition of Redhill Copper Project with existing Mineral Resource
- Strategic investment from 29Metals
Negative factors
- Material uncertainty related to going concern
- Rosewood West resource is nearly all Inferred JORC Classification
- Pingrup scandium results are historical
- Redhill Copper Project acquisition is proposed, not yet completed
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 62
Classification and evidence
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The document announces the first formal Mineral Resource Estimate for the Rosewood Project.
Evidence · text
“PTR Minerals announced10 a Rosewood Total Resource of 463 MT @ 8.8% HM”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The resource estimate is stated to be JORC Classification.
Evidence · text
“defining maiden JORC resources”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The compliance statement confirms that Dr Gavin England, a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geosciences, compiled the information and consents to its inclusion.
Evidence · text
“The information in this announcement that relates to the Exploration Targets at Rocky Gully was compiled by Dr Gavin England, who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geosciences, Managing Director, and shareholder of the Company. Dr England has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr England consents to the inclusion in the announcement of the matters based on the information in the form and context in which it appears.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The resource estimate table explicitly states a '3% HM cut-off'.
Evidence · text
“Table 1: Rosewood Deposit Mineral Resource Estimate Summary (3% HM cut-off)”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Rosewood West portion of the resource, which is majority on the Narryer JV tenure, is nearly all in Inferred JORC Classification.
Evidence · text
“The Rosewood West is nearly all in Inferred JORC Classification.”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The Pingrup scandium intersections are explicitly stated to be from 'historic drilling'.
Evidence · text
“A review of historic drilling identifies near-surface, high grade scandium mineralisation”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The drill intercepts for Muckanippie and Pingrup are given as downhole lengths without true width or drill orientation.
Evidence · text
“60m @ 39.3% HM from surface”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The metallurgical testwork for Rocky Gully is described as 'preliminary work' and 'further optimisation work continued', indicating it is not yet at pilot scale.
Evidence · text
“preliminary work using methanesulfonic acid achieved extraction rates”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("concentrate")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 62. Some facts used in scoring do not have a stored record.
Drill Results (15)
PNAC0019Pingrup · scandiumGrade: 430Grade Unit: ppm Sc2O3Intercept: 9 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PNAC0019
- Project
- Pingrup
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- NYM
Geometry
- Grade
- 430
- Grade Unit
- ppm Sc2O3
- Intercept
- 9 m
- From
- 15 m
- To
- 24 m
- Intercept Depth
- 15 m
Classification
- Sample Type
- drill
- Group ID
- PNAC0019:15-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-12T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical high-grade scandium intersection provides context for the project's potential, but is not new information.
Positive factors
- High-grade scandium intersection
Negative factors
- Results are historical and not new assays
Evidence · text
“9m @ 430 ppm Sc2O3 from 15m (PNAC0019)”
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
PNAC0010Pingrup · scandiumGrade: 179Grade Unit: ppm Sc2O3Intercept: 12 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PNAC0010
- Project
- Pingrup
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- NYM
Geometry
- Grade
- 179
- Grade Unit
- ppm Sc2O3
- Intercept
- 12 m
- From
- 30 m
- To
- 42 m
- Intercept Depth
- 30 m
Classification
- Sample Type
- drill
- Group ID
- PNAC0010:30-42
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-12T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical scandium intersection indicates mineralisation continuity, but is not new information.
Positive factors
- Significant width of scandium mineralisation
Negative factors
- Results are historical and not new assays
Evidence · text
“12m @ 179 ppm Sc2O3, from 30m (PNAC0010)”
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
PNAC0023Pingrup · scandiumGrade: 214Grade Unit: ppm Sc2O3Intercept: 12 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PNAC0023
- Project
- Pingrup
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- NYM
Geometry
- Grade
- 214
- Grade Unit
- ppm Sc2O3
- Intercept
- 12 m
- From
- 21 m
- To
- 33 m
- Intercept Depth
- 21 m
Classification
- Sample Type
- drill
- Group ID
- PNAC0023:21-33
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-12T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical scandium intersection indicates mineralisation continuity, but is not new information.
Positive factors
- Significant width of scandium mineralisation
Negative factors
- Results are historical and not new assays
Evidence · text
“12m @ 214 ppm Sc2O3 from 21m (PNAC0023)”
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
PNAC0063Pingrup · scandiumGrade: 260Grade Unit: ppm Sc2O3Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PNAC0063
- Project
- Pingrup
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- NYM
Geometry
- Grade
- 260
- Grade Unit
- ppm Sc2O3
- Intercept
- 6 m
- From
- 15 m
- To
- 21 m
- Intercept Depth
- 15 m
Classification
- Sample Type
- drill
- Group ID
- PNAC0063:15-21
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-12T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical scandium intersection indicates mineralisation, but is not new information.
Positive factors
- Good grade scandium intersection
Negative factors
- Results are historical and not new assays
Evidence · text
“6m @ 260 ppm Sc2O3 from 15m (PNAC0063)”
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
PNAC0089Pingrup · scandiumGrade: 183Grade Unit: ppm Sc2O3Intercept: 15 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- PNAC0089
- Project
- Pingrup
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- NYM
Geometry
- Grade
- 183
- Grade Unit
- ppm Sc2O3
- Intercept
- 15 m
- From
- 9 m
- To
- 24 m
- Intercept Depth
- 9 m
Classification
- Sample Type
- drill
- Group ID
- PNAC0089:9-24
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-08-12T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical scandium intersection indicates mineralisation continuity, but is not new information.
Positive factors
- Significant width of scandium mineralisation
Negative factors
- Results are historical and not new assays
Evidence · text
“15m @ 183 ppm Sc2O3 from 9m (PNAC0089)”
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
25DK005Muckanippie · heavy mineralGrade: 39.3Grade Unit: %Intercept: 60 mView all detailsHide details
Identity
- Hole ID
- 25DK005
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 39.3
- Grade Unit
- %
- Intercept
- 60 m
- From
- 0 m
- To
- 60 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- 25DK005:0-60
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Exceptional heavy mineral grade over a significant width from surface, indicating strong potential.
Positive factors
- Very high HM grade
- Thick intersection from surface
- Includes higher-grade sub-interval
Evidence · text
“60m @ 39.3% HM from surface incl. 6m @ 61.6% HM from 25m (25DK005)”
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
25DK005Muckanippie · heavy mineralGrade: 61.6Grade Unit: %Intercept: 6 mView all detailsHide details
Identity
- Hole ID
- 25DK005
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 61.6
- Grade Unit
- %
- Intercept
- 6 m
- From
- 25 m
- To
- 31 m
- Intercept Depth
- 25 m
Classification
- Sample Type
- drill
- Group ID
- 25DK005:25-31
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Bonanza heavy mineral grade over a good width, indicating a very high-quality zone.
Positive factors
- Extremely high HM grade
- Significant width within a broader zone
Evidence · text
“6m @ 61.6% HM from 25m (25DK005)”
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
24DK001Muckanippie · heavy mineralGrade: 26.1Grade Unit: %Intercept: 24 mView all detailsHide details
Identity
- Hole ID
- 24DK001
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 26.1
- Grade Unit
- %
- Intercept
- 24 m
- From
- 0 m
- To
- 24 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- 24DK001:0-24
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Strong heavy mineral grade over a significant width from surface, indicating good potential.
Positive factors
- High HM grade
- Thick intersection from surface
Evidence · text
“24m @ 26.1% HM from surface (24DK001)”
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
25DK004Muckanippie · heavy mineralGrade: 21.5Grade Unit: %Intercept: 31 mView all detailsHide details
Identity
- Hole ID
- 25DK004
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 21.5
- Grade Unit
- %
- Intercept
- 31 m
- From
- 0 m
- To
- 31 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- 25DK004:0-31
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Strong heavy mineral grade over a significant width from surface, indicating good potential.
Positive factors
- High HM grade
- Thick intersection from surface
Evidence · text
“31m @ 21.5% HM from surface (25DK004)”
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
25DK007Muckanippie · heavy mineralGrade: 21Grade Unit: %Intercept: 37 mView all detailsHide details
Identity
- Hole ID
- 25DK007
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 21
- Grade Unit
- %
- Intercept
- 37 m
- From
- 0 m
- To
- 37 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- 25DK007:0-37
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Strong heavy mineral grade over a significant width from surface, indicating good potential.
Positive factors
- High HM grade
- Thick intersection from surface
Evidence · text
“37m @ 21.0% HM from surface (25DK007)”
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
25ND011Muckanippie · heavy mineralGrade: 31.5Grade Unit: %Intercept: 35 mView all detailsHide details
Identity
- Hole ID
- 25ND011
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 31.5
- Grade Unit
- %
- Intercept
- 35 m
- From
- 18 m
- To
- 53 m
- Intercept Depth
- 18 m
Classification
- Sample Type
- drill
- Group ID
- 25ND011:18-53
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Exceptional heavy mineral grade over a significant width, indicating strong potential.
Positive factors
- Very high HM grade
- Thick intersection
Evidence · text
“35m @ 31.5% HM from 18m (25ND011)”
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
24ND002Muckanippie · heavy mineralGrade: 23.9Grade Unit: %Intercept: 44 mView all detailsHide details
Identity
- Hole ID
- 24ND002
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 23.9
- Grade Unit
- %
- Intercept
- 44 m
- From
- 1 m
- To
- 45 m
- Intercept Depth
- 1 m
Classification
- Sample Type
- drill
- Group ID
- 24ND002:1-45
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Strong heavy mineral grade over a significant width from near surface, indicating good potential.
Positive factors
- High HM grade
- Thick intersection from near surface
Evidence · text
“44m @ 23.9% HM from 1m (24ND002)”
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
24ND022Muckanippie · heavy mineralGrade: 16.3Grade Unit: %Intercept: 60 mView all detailsHide details
Identity
- Hole ID
- 24ND022
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 16.3
- Grade Unit
- %
- Intercept
- 60 m
- From
- 0 m
- To
- 60 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- 24ND022:0-60
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Good heavy mineral grade over a very significant width from surface, indicating bulk tonnage potential.
Positive factors
- Significant width of HM mineralisation from surface
Evidence · text
“60m @ 16.3% HM from surface (24ND022)”
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
25ND018Muckanippie · heavy mineralGrade: 25.7Grade Unit: %Intercept: 36 mView all detailsHide details
Identity
- Hole ID
- 25ND018
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 25.7
- Grade Unit
- %
- Intercept
- 36 m
- From
- 0 m
- To
- 36 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- 25ND018:0-36
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Strong heavy mineral grade over a significant width from surface, indicating good potential.
Positive factors
- High HM grade
- Thick intersection from surface
Evidence · text
“36m @ 25.7% HM from surface (25ND018)”
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
25ND019Muckanippie · heavy mineralGrade: 30.4Grade Unit: %Intercept: 30 mView all detailsHide details
Identity
- Hole ID
- 25ND019
- Project
- Muckanippie
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- australia_sa
- Ticker
- NYM
Geometry
- Grade
- 30.4
- Grade Unit
- %
- Intercept
- 30 m
- From
- 0 m
- To
- 30 m
- Intercept Depth
- 0 m
Classification
- Sample Type
- drill
- Group ID
- 25ND019:0-30
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Exceptional heavy mineral grade over a significant width from surface, indicating strong potential.
Positive factors
- Very high HM grade
- Thick intersection from surface
Evidence · text
“30m @ 30.4% HM from surface (25ND019)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (44)
inferredRocky Gully Project · scandiumTonnes: 18000000Grade: 140Grade Unit: ppm Sc2O3View all detailsHide details
Identity
- Project
- Rocky Gully Project
- Commodity
- scandium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a84e51e1fccd27428322
Resource Data
- Category
- inferred
- Tonnes
- 18000000
- Grade
- 140
- Grade Unit
- ppm Sc2O3
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The definition of a conceptual exploration target for scandium provides a positive outlook for future resource definition, though it is not yet a formal resource.
Positive factors
- Definition of an Exploration Target provides a clear focus for future drilling
Negative factors
- Exploration Target is conceptual and not a Mineral Resource
Evidence · text
“Scandium oxide (Sc2O3) target of 18 to 23 million tonnes of 140 to 170 ppm Sc2O3”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRocky Gully Project · rare earth elementsTonnes: 26000000Grade: 850Grade Unit: ppm TREOView all detailsHide details
Identity
- Project
- Rocky Gully Project
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:605ad6713800b863becf
Resource Data
- Category
- inferred
- Tonnes
- 26000000
- Grade
- 850
- Grade Unit
- ppm TREO
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The definition of a conceptual exploration target for rare earth elements provides a positive outlook for future resource definition, though it is not yet a formal resource.
Positive factors
- Definition of an Exploration Target provides a clear focus for future drilling
Negative factors
- Exploration Target is conceptual and not a Mineral Resource
Evidence · text
“Total Rare Earth Oxide (TREO) target of 26 to 33 million tonnes of 850 to 1300 ppm TREO”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRocky Gully Project · galliumTonnes: 30000000Grade: 40Grade Unit: ppm Ga2O3View all detailsHide details
Identity
- Project
- Rocky Gully Project
- Commodity
- gallium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Resource group id
- resource:cae836143497676976bf
Resource Data
- Category
- inferred
- Tonnes
- 30000000
- Grade
- 40
- Grade Unit
- ppm Ga2O3
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The definition of a conceptual exploration target for gallium provides a positive outlook for future resource definition, though it is not yet a formal resource.
Positive factors
- Definition of an Exploration Target provides a clear focus for future drilling
Negative factors
- Exploration Target is conceptual and not a Mineral Resource
Evidence · text
“Gallium oxide (Ga2O3) target of 30 to 50 million tonnes of 40 to 60 ppm Ga2O3”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · heavy mineralTonnes: 263000000Grade: 10.1Grade Unit: %Contained Metal: 26600000Contained Unit: tView all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:483d7560027f350c879c
- Deposit or zone
- Rosewood East
Resource Data
- Category
- indicated
- Tonnes
- 263000000
- Grade
- 10.1
- Grade Unit
- %
- Contained Metal
- 26600000
- Contained Unit
- t
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Rosewood East Indicated resource shows significant tonnage and high heavy mineral grade, contributing substantially to the overall project.
Positive factors
- Large tonnage and high grade for heavy mineral
- Indicated category provides good confidence
Evidence · table
“10.1”
Context: 263
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedRosewood Project · valuable heavy mineralTonnes: 263000000Grade: 95Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- valuable heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:483d7560027f350c879c
- Deposit or zone
- Rosewood East
Resource Data
- Category
- indicated
- Tonnes
- 263000000
- Grade
- 95
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high percentage of valuable heavy mineral within the Indicated resource indicates good quality material.
Positive factors
- Very high proportion of valuable heavy mineral in the HM concentrate
Evidence · table
“95”
Context: 263
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · rutileTonnes: 263000000Grade: 3.9Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- rutile
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:483d7560027f350c879c
- Deposit or zone
- Rosewood East
Resource Data
- Category
- indicated
- Tonnes
- 263000000
- Grade
- 3.9
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The rutile grade within the heavy mineral concentrate is a positive contributor to the overall resource value.
Positive factors
- Good rutile grade within the heavy mineral concentrate
Evidence · table
“3.9”
Context: 263
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · leucoxeneTonnes: 263000000Grade: 82Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- leucoxene
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:483d7560027f350c879c
- Deposit or zone
- Rosewood East
Resource Data
- Category
- indicated
- Tonnes
- 263000000
- Grade
- 82
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The high leucoxene grade within the heavy mineral concentrate is a significant positive for the resource.
Positive factors
- Very high leucoxene grade within the heavy mineral concentrate
Evidence · table
“82”
Context: 263
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · ilmeniteTonnes: 263000000Grade: 9Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- ilmenite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:483d7560027f350c879c
- Deposit or zone
- Rosewood East
Resource Data
- Category
- indicated
- Tonnes
- 263000000
- Grade
- 9
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The ilmenite grade within the heavy mineral concentrate adds to the overall value of the resource.
Positive factors
- Ilmenite grade contributes to the overall heavy mineral value
Evidence · table
“9”
Context: 263
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · heavy mineralTonnes: 31000000Grade: 6.1Grade Unit: %Contained Metal: 1900000Contained Unit: tView all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:d3d0d20fe3c303750749
- Deposit or zone
- Rosewood East
Resource Data
- Category
- inferred
- Tonnes
- 31000000
- Grade
- 6.1
- Grade Unit
- %
- Contained Metal
- 1900000
- Contained Unit
- t
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Rosewood East Inferred resource adds to the total heavy mineral inventory, but with lower confidence than the Indicated portion.
Positive factors
- Adds to overall heavy mineral inventory
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“6.1”
Context: 31
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredRosewood Project · valuable heavy mineralTonnes: 31000000Grade: 92Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- valuable heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:d3d0d20fe3c303750749
- Deposit or zone
- Rosewood East
Resource Data
- Category
- inferred
- Tonnes
- 31000000
- Grade
- 92
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high percentage of valuable heavy mineral within the Inferred resource is positive, but confidence is lower due to category.
Positive factors
- High proportion of valuable heavy mineral in the HM concentrate
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“92”
Context: 31
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · rutileTonnes: 31000000Grade: 2.9Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- rutile
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:d3d0d20fe3c303750749
- Deposit or zone
- Rosewood East
Resource Data
- Category
- inferred
- Tonnes
- 31000000
- Grade
- 2.9
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The rutile grade within the heavy mineral concentrate is a positive, but confidence is lower due to the Inferred category.
Positive factors
- Rutile grade contributes to the overall heavy mineral value
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“2.9”
Context: 31
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · leucoxeneTonnes: 31000000Grade: 68Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- leucoxene
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:d3d0d20fe3c303750749
- Deposit or zone
- Rosewood East
Resource Data
- Category
- inferred
- Tonnes
- 31000000
- Grade
- 68
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The leucoxene grade within the heavy mineral concentrate is positive, but confidence is lower due to the Inferred category.
Positive factors
- Good leucoxene grade within the heavy mineral concentrate
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“68”
Context: 31
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · ilmeniteTonnes: 31000000Grade: 21Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- ilmenite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:d3d0d20fe3c303750749
- Deposit or zone
- Rosewood East
Resource Data
- Category
- inferred
- Tonnes
- 31000000
- Grade
- 21
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The ilmenite grade within the heavy mineral concentrate is a positive, but confidence is lower due to the Inferred category.
Positive factors
- Good ilmenite grade within the heavy mineral concentrate
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“21”
Context: 31
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · heavy mineralTonnes: 1000000Grade: 4Grade Unit: %Contained Metal: 50000Contained Unit: tView all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a0f68a6e53a4704a04c
- Deposit or zone
- Rosewood West
Resource Data
- Category
- indicated
- Tonnes
- 1000000
- Grade
- 4
- Grade Unit
- %
- Contained Metal
- 50000
- Contained Unit
- t
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Rosewood West Indicated resource is small but provides good confidence for the heavy mineral grade.
Positive factors
- Indicated category provides good confidence
Negative factors
- Small tonnage for Indicated resource
Evidence · table
“4.0”
Context: 1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedRosewood Project · valuable heavy mineralTonnes: 1000000Grade: 94Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- valuable heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a0f68a6e53a4704a04c
- Deposit or zone
- Rosewood West
Resource Data
- Category
- indicated
- Tonnes
- 1000000
- Grade
- 94
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high percentage of valuable heavy mineral within the small Indicated resource is positive.
Positive factors
- High proportion of valuable heavy mineral in the HM concentrate
Negative factors
- Small tonnage for Indicated resource
Evidence · table
“94”
Context: 1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · rutileTonnes: 1000000Grade: 2.6Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- rutile
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a0f68a6e53a4704a04c
- Deposit or zone
- Rosewood West
Resource Data
- Category
- indicated
- Tonnes
- 1000000
- Grade
- 2.6
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The rutile grade within the heavy mineral concentrate is a positive, but the small tonnage limits its impact.
Positive factors
- Rutile grade contributes to the overall heavy mineral value
Negative factors
- Small tonnage for Indicated resource
Evidence · table
“2.6”
Context: 1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · leucoxeneTonnes: 1000000Grade: 59Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- leucoxene
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a0f68a6e53a4704a04c
- Deposit or zone
- Rosewood West
Resource Data
- Category
- indicated
- Tonnes
- 1000000
- Grade
- 59
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The leucoxene grade within the heavy mineral concentrate is positive, but the small tonnage limits its impact.
Positive factors
- Good leucoxene grade within the heavy mineral concentrate
Negative factors
- Small tonnage for Indicated resource
Evidence · table
“59”
Context: 1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · ilmeniteTonnes: 1000000Grade: 32Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- ilmenite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a0f68a6e53a4704a04c
- Deposit or zone
- Rosewood West
Resource Data
- Category
- indicated
- Tonnes
- 1000000
- Grade
- 32
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The ilmenite grade within the heavy mineral concentrate is positive, but the small tonnage limits its impact.
Positive factors
- Good ilmenite grade within the heavy mineral concentrate
Negative factors
- Small tonnage for Indicated resource
Evidence · table
“32”
Context: 1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · heavy mineralTonnes: 168000000Grade: 7.1Grade Unit: %Contained Metal: 12000000Contained Unit: tView all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:37e8c12c65ca8aab5b70
- Deposit or zone
- Rosewood West
Resource Data
- Category
- inferred
- Tonnes
- 168000000
- Grade
- 7.1
- Grade Unit
- %
- Contained Metal
- 12000000
- Contained Unit
- t
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The Rosewood West Inferred resource contributes significant tonnage, but its classification as mostly Inferred reduces confidence.
Positive factors
- Significant tonnage for heavy mineral
Negative factors
- Nearly all in Inferred JORC Classification, indicating lower confidence
Evidence · table
“7.1”
Context: 168
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredRosewood Project · valuable heavy mineralTonnes: 168000000Grade: 88Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- valuable heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:37e8c12c65ca8aab5b70
- Deposit or zone
- Rosewood West
Resource Data
- Category
- inferred
- Tonnes
- 168000000
- Grade
- 88
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high percentage of valuable heavy mineral is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- High proportion of valuable heavy mineral in the HM concentrate
Negative factors
- Nearly all in Inferred JORC Classification, indicating lower confidence
Evidence · table
“88”
Context: 168
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · rutileTonnes: 168000000Grade: 1.8Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- rutile
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:37e8c12c65ca8aab5b70
- Deposit or zone
- Rosewood West
Resource Data
- Category
- inferred
- Tonnes
- 168000000
- Grade
- 1.8
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The rutile grade is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- Rutile grade contributes to the overall heavy mineral value
Negative factors
- Nearly all in Inferred JORC Classification, indicating lower confidence
Evidence · table
“1.8”
Context: 168
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · leucoxeneTonnes: 168000000Grade: 63Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- leucoxene
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:37e8c12c65ca8aab5b70
- Deposit or zone
- Rosewood West
Resource Data
- Category
- inferred
- Tonnes
- 168000000
- Grade
- 63
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The leucoxene grade is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- Good leucoxene grade within the heavy mineral concentrate
Negative factors
- Nearly all in Inferred JORC Classification, indicating lower confidence
Evidence · table
“63”
Context: 168
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · ilmeniteTonnes: 168000000Grade: 23Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- ilmenite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:37e8c12c65ca8aab5b70
- Deposit or zone
- Rosewood West
Resource Data
- Category
- inferred
- Tonnes
- 168000000
- Grade
- 23
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The ilmenite grade is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- Good ilmenite grade within the heavy mineral concentrate
Negative factors
- Nearly all in Inferred JORC Classification, indicating lower confidence
Evidence · table
“23”
Context: 168
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · heavy mineralTonnes: 264000000Grade: 10.1Grade Unit: %Contained Metal: 26700000Contained Unit: tView all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a9abef7f0569ddb6530
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 264000000
- Grade
- 10.1
- Grade Unit
- %
- Contained Metal
- 26700000
- Contained Unit
- t
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The combined Indicated resource shows significant tonnage and high heavy mineral grade, providing strong confidence.
Positive factors
- Large combined tonnage and high grade for heavy mineral
- Indicated category provides good confidence
Evidence · table
“10.1”
Context: 264
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedRosewood Project · valuable heavy mineralTonnes: 264000000Grade: 95Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- valuable heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a9abef7f0569ddb6530
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 264000000
- Grade
- 95
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high percentage of valuable heavy mineral within the combined Indicated resource indicates good quality material.
Positive factors
- Very high proportion of valuable heavy mineral in the HM concentrate
Evidence · table
“95”
Context: 264
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · rutileTonnes: 264000000Grade: 3.9Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- rutile
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a9abef7f0569ddb6530
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 264000000
- Grade
- 3.9
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The rutile grade within the heavy mineral concentrate is a positive contributor to the overall resource value.
Positive factors
- Good rutile grade within the heavy mineral concentrate
Evidence · table
“3.9”
Context: 264
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · leucoxeneTonnes: 264000000Grade: 82Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- leucoxene
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a9abef7f0569ddb6530
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 264000000
- Grade
- 82
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The high leucoxene grade within the heavy mineral concentrate is a significant positive for the resource.
Positive factors
- Very high leucoxene grade within the heavy mineral concentrate
Evidence · table
“82”
Context: 264
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedRosewood Project · ilmeniteTonnes: 264000000Grade: 9Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- ilmenite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:6a9abef7f0569ddb6530
- Deposit or zone
- COMBINED
Resource Data
- Category
- indicated
- Tonnes
- 264000000
- Grade
- 9
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The ilmenite grade within the heavy mineral concentrate adds to the overall value of the resource.
Positive factors
- Ilmenite grade contributes to the overall heavy mineral value
Evidence · table
“9”
Context: 264
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · heavy mineralTonnes: 199000000Grade: 7Grade Unit: %Contained Metal: 13900000Contained Unit: tView all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:4302ce9e6e6a649c6d7c
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 199000000
- Grade
- 7
- Grade Unit
- %
- Contained Metal
- 13900000
- Contained Unit
- t
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The combined Inferred resource contributes significant tonnage, but its classification as Inferred reduces confidence.
Positive factors
- Significant tonnage for heavy mineral
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“7.0”
Context: 199
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredRosewood Project · valuable heavy mineralTonnes: 199000000Grade: 89Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- valuable heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:4302ce9e6e6a649c6d7c
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 199000000
- Grade
- 89
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: A high percentage of valuable heavy mineral is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- High proportion of valuable heavy mineral in the HM concentrate
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“89”
Context: 199
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · rutileTonnes: 199000000Grade: 2Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- rutile
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:4302ce9e6e6a649c6d7c
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 199000000
- Grade
- 2
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The rutile grade is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- Rutile grade contributes to the overall heavy mineral value
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“2.0”
Context: 199
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · leucoxeneTonnes: 199000000Grade: 64Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- leucoxene
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:4302ce9e6e6a649c6d7c
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 199000000
- Grade
- 64
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The leucoxene grade is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- Good leucoxene grade within the heavy mineral concentrate
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“64”
Context: 199
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredRosewood Project · ilmeniteTonnes: 199000000Grade: 23Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- ilmenite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:4302ce9e6e6a649c6d7c
- Deposit or zone
- COMBINED
Resource Data
- Category
- inferred
- Tonnes
- 199000000
- Grade
- 23
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The ilmenite grade is positive, but the Inferred classification for most of the resource reduces confidence.
Positive factors
- Good ilmenite grade within the heavy mineral concentrate
Negative factors
- Inferred category has lower geological confidence
Evidence · table
“23”
Context: 199
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
TOTALRosewood Project · heavy mineralTonnes: 463000000Grade: 8.8Grade Unit: %Contained Metal: 40600000Contained Unit: tView all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:c34c2fb9e7f407acb93a
- Deposit or zone
- TOTAL
Resource Data
- Tonnes
- 463000000
- Grade
- 8.8
- Grade Unit
- %
- Contained Metal
- 40600000
- Contained Unit
- t
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The total Rosewood resource is exceptionally large and high-grade, positioning it as a world-class heavy mineral project.
Positive factors
- Very large total resource tonnage and high heavy mineral grade
- One of the largest and highest grade titanium dominated heavy mineral systems in the world
Evidence · table
“8.8”
Context: 463
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
TOTALRosewood Project · valuable heavy mineralTonnes: 463000000Grade: 93Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- valuable heavy mineral
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:c34c2fb9e7f407acb93a
- Deposit or zone
- TOTAL
Resource Data
- Tonnes
- 463000000
- Grade
- 93
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The total resource boasts a very high percentage of valuable heavy mineral, indicating excellent quality.
Positive factors
- Very high proportion of valuable heavy mineral in the HM concentrate
Evidence · table
“93”
Context: 463
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
TOTALRosewood Project · rutileTonnes: 463000000Grade: 3.2Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- rutile
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:c34c2fb9e7f407acb93a
- Deposit or zone
- TOTAL
Resource Data
- Tonnes
- 463000000
- Grade
- 3.2
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The rutile grade within the heavy mineral concentrate is a significant positive contributor to the overall resource value.
Positive factors
- Good rutile grade within the heavy mineral concentrate
Evidence · table
“3.2”
Context: 463
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
TOTALRosewood Project · leucoxeneTonnes: 463000000Grade: 75Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- leucoxene
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:c34c2fb9e7f407acb93a
- Deposit or zone
- TOTAL
Resource Data
- Tonnes
- 463000000
- Grade
- 75
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The exceptionally high leucoxene grade within the heavy mineral concentrate is a major positive for the resource.
Positive factors
- Very high leucoxene grade within the heavy mineral concentrate
Evidence · table
“75”
Context: 463
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
TOTALRosewood Project · ilmeniteTonnes: 463000000Grade: 14Grade Unit: %View all detailsHide details
Identity
- Project
- Rosewood Project
- Commodity
- ilmenite
- Region
- australia_sa
- Reported Region
- South Australia
- Ticker
- NYM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dr Gavin England
- Resource group id
- resource:c34c2fb9e7f407acb93a
- Deposit or zone
- TOTAL
Resource Data
- Tonnes
- 463000000
- Grade
- 14
- Grade Unit
- %
- Cutoff Grade
- 3
- Cutoff Unit
- % HM
Prior Estimate
- Resource Date
- 2026-06-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The ilmenite grade within the heavy mineral concentrate adds to the overall value of the resource.
Positive factors
- Ilmenite grade contributes to the overall heavy mineral value
Evidence · table
“14”
Context: 463
Tags used in scoring
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 39Big Hill Project · lithiumGrade: 1.16Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Big Hill Project
- Commodity
- lithium
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- NYM
Resource scope
- Resource group id
- resource:3144910f7708caa8e13e
Resource Data
- Grade
- 1.16
- Grade Unit
- % Li2O
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-12-31T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical high-grade lithium channel sample indicates prospectivity, but is not new information and from surface sampling.
Positive factors
- High-grade lithium channel sample
Negative factors
- Results are historical and from channel sampling, not drilling
Evidence · text
“grades up to 1.16% Li2O over 5m, including 2.57% Li2O over 1m at sample site BHDS-023”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
Fact 40Big Hill Project · lithiumGrade: 2.57Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Big Hill Project
- Commodity
- lithium
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- NYM
Resource scope
- Resource group id
- resource:3144910f7708caa8e13e
Resource Data
- Grade
- 2.57
- Grade Unit
- % Li2O
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-12-31T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical very high-grade lithium channel sample indicates strong prospectivity, but is not new information and from surface sampling.
Positive factors
- Very high-grade lithium channel sample
Negative factors
- Results are historical and from channel sampling, not drilling
Evidence · text
“2.57% Li2O over 1m at sample site BHDS-023”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
Fact 41Big Hill Project · lithiumGrade: 2.43Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Big Hill Project
- Commodity
- lithium
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- NYM
Resource scope
- Resource group id
- resource:3144910f7708caa8e13e
Resource Data
- Grade
- 2.43
- Grade Unit
- % Li2O
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2023-12-31T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical very high-grade lithium channel sample indicates strong prospectivity, but is not new information and from surface sampling.
Positive factors
- Very high-grade lithium channel sample
Negative factors
- Results are historical and from channel sampling, not drilling
Evidence · text
“2.43% Li2O over 1m at sample site BHRC-018”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.7 years before this release
Fact 42Big Hill Project · lithiumGrade: 1Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Big Hill Project
- Commodity
- lithium
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- NYM
Resource scope
- Resource group id
- resource:2632f96f76e2c95395a1
Resource Data
- Grade
- 1
- Grade Unit
- % Li2O
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-08-31T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical high-grade lithium channel sample indicates prospectivity, but is not new information and from surface sampling.
Positive factors
- High-grade lithium channel sample
Negative factors
- Results are historical and from channel sampling, not drilling
Evidence · text
“1.5m @ 1.0 % Li2O (Channel 1)”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
Fact 43Big Hill Project · lithiumGrade: 1.4Grade Unit: % Li2OHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Big Hill Project
- Commodity
- lithium
- Region
- canada
- Reported Region
- Northwest Territories, Canada
- Ticker
- NYM
Resource scope
- Resource group id
- resource:2632f96f76e2c95395a1
Resource Data
- Grade
- 1.4
- Grade Unit
- % Li2O
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-08-31T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Historical high-grade lithium channel sample indicates prospectivity, but is not new information and from surface sampling.
Positive factors
- High-grade lithium channel sample
Negative factors
- Results are historical and from channel sampling, not drilling
Evidence · text
“2.4m @ 1.4 % Li2O (Channel 2)”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.1 years before this release
Fact 44Redhill Copper ProjectView all detailsHide details
Identity
- Project
- Redhill Copper Project
- Region
- chile
- Reported Region
- southern Chile
- Ticker
- NYM
Resource scope
- Resource group id
- resource:644b592fa0487ff247e7
Prior Estimate
- Resource Date
- 2026-09-21
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: The proposed acquisition of the Redhill Copper Project represents a significant expansion of the company's portfolio into a high-grade copper asset, supported by a strategic investment.
Positive factors
- Acquisition of a district-scale, high-grade copper and precious metals project
- Project has existing Mineral Resource and significant exploration potential
- Strategic investment from 29Metals provides funding for exploration
Negative factors
- Acquisition is proposed and not yet completed
Evidence · text
“Narryer Metals has executed a share sale agreement to acquire 100% of the Shares in Redhill Magallanes from 29Metals Ltd. The consideration comprises: - Upfront consideration of 20,000,000 new shares which are subjects to a 12 month escrow from the date of issue; and - A milestone payment of $1,000,000 (payable in cash or NYM shares) on delineation of a 12Mt JORC Resource at 2% or greater CuEq.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (3)
leachingRocky Gully Project · rare earth elementsRecovery: 78 %View all detailsHide details
Identity
- Project
- Rocky Gully Project
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NYM
Test Work
- Test Type
- leaching
- Processing Route
- methanesulfonic acid leaching
- Sample
- representative Rocky Gully samples
Recovery
- Recovery
- 78 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Encouraging preliminary metallurgical results for NdPr using methanesulfonic acid demonstrate a potentially viable and environmentally friendly processing pathway.
Positive factors
- High extraction rate for NdPr using environmentally friendly MSA
- MSA dissolved less gangue elements compared to HCl
Negative factors
- Preliminary work, further optimisation underway
Evidence · text
“extraction rates of the magnet REEs of up to 78% in NdPr (neodymium and praseodymium)”
leachingRocky Gully Project · rare earth elementsRecovery: 84 %View all detailsHide details
Identity
- Project
- Rocky Gully Project
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NYM
Test Work
- Test Type
- leaching
- Processing Route
- methanesulfonic acid leaching
- Sample
- representative Rocky Gully samples
Recovery
- Recovery
- 84 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Encouraging preliminary metallurgical results for Terbium using methanesulfonic acid demonstrate a potentially viable and environmentally friendly processing pathway.
Positive factors
- High extraction rate for Tb using environmentally friendly MSA
- MSA dissolved less gangue elements compared to HCl
Negative factors
- Preliminary work, further optimisation underway
Evidence · text
“up to 84% in Tb (terbium)”
leachingRocky Gully Project · rare earth elementsRecovery: 82 %View all detailsHide details
Identity
- Project
- Rocky Gully Project
- Commodity
- rare earth elements
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- NYM
Test Work
- Test Type
- leaching
- Processing Route
- methanesulfonic acid leaching
- Sample
- representative Rocky Gully samples
Recovery
- Recovery
- 82 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Encouraging preliminary metallurgical results for Dysprosium using methanesulfonic acid demonstrate a potentially viable and environmentally friendly processing pathway.
Positive factors
- High extraction rate for Dy using environmentally friendly MSA
- MSA dissolved less gangue elements compared to HCl
Negative factors
- Preliminary work, further optimisation underway
Evidence · text
“82% Dy (dysprosium)”
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.