# NYM: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143538 Publisher: asx Original announcement: 2026-09-24T07:26:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T08:16:28.177Z Atlas analysis updated: 2026-09-24T08:16:28.177Z - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Definition of Exploration Target at Rocky Gully - Positive factor: Encouraging metallurgical results for Rocky Gully with high extraction rates for magnet REEs - Positive factor: Maiden Mineral Resource for Rosewood Project with significant tonnage and grade - Positive factor: High-grade heavy mineral drill intercepts at Muckanippie JV prospects - Positive factor: Proposed acquisition of Redhill Copper Project with existing Mineral Resource - Positive factor: Strategic investment from 29Metals - Negative factor: Material uncertainty related to going concern - Negative factor: Rosewood West resource is nearly all Inferred JORC Classification - Negative factor: Pingrup scandium results are historical - Negative factor: 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 Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The document 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The 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 Disclosed** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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-release** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("concentrate"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: 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) ### PNAC0019 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-6) Pingrup · scandium Historical result Needs review: historical\_restatement #### 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 factor: High-grade scandium intersection - Negative factor: Results are historical and not new assays Evidence · text > 9m @ 430 ppm Sc2O3 from 15m \(PNAC0019\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PNAC0010 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-7) Pingrup · scandium Historical result Needs review: historical\_restatement #### 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 factor: Significant width of scandium mineralisation - Negative factor: Results are historical and not new assays Evidence · text > 12m @ 179 ppm Sc2O3, from 30m \(PNAC0010\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PNAC0023 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-8) Pingrup · scandium Historical result Needs review: historical\_restatement #### 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 factor: Significant width of scandium mineralisation - Negative factor: Results are historical and not new assays Evidence · text > 12m @ 214 ppm Sc2O3 from 21m \(PNAC0023\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PNAC0063 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-9) Pingrup · scandium Historical result Needs review: historical\_restatement #### 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 factor: Good grade scandium intersection - Negative factor: Results are historical and not new assays Evidence · text > 6m @ 260 ppm Sc2O3 from 15m \(PNAC0063\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### PNAC0089 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-10) Pingrup · scandium Historical result Needs review: historical\_restatement #### 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 factor: Significant width of scandium mineralisation - Negative factor: Results are historical and not new assays Evidence · text > 15m @ 183 ppm Sc2O3 from 9m \(PNAC0089\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 25DK005 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-46) Muckanippie · heavy mineral #### 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 factor: Very high HM grade - Positive factor: Thick intersection from surface - Positive factor: 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 Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK005 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-47) Muckanippie · heavy mineral #### 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 factor: Extremely high HM grade - Positive factor: Significant width within a broader zone Evidence · text > 6m @ 61.6% HM from 25m \(25DK005\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24DK001 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-48) Muckanippie · heavy mineral #### 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 factor: High HM grade - Positive factor: Thick intersection from surface Evidence · text > 24m @ 26.1% HM from surface \(24DK001\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK004 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-49) Muckanippie · heavy mineral #### 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 factor: High HM grade - Positive factor: Thick intersection from surface Evidence · text > 31m @ 21.5% HM from surface \(25DK004\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25DK007 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-50) Muckanippie · heavy mineral #### 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 factor: High HM grade - Positive factor: Thick intersection from surface Evidence · text > 37m @ 21.0% HM from surface \(25DK007\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25ND011 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-51) Muckanippie · heavy mineral #### 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 factor: Very high HM grade - Positive factor: Thick intersection Evidence · text > 35m @ 31.5% HM from 18m \(25ND011\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24ND002 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-52) Muckanippie · heavy mineral #### 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 factor: High HM grade - Positive factor: Thick intersection from near surface Evidence · text > 44m @ 23.9% HM from 1m \(24ND002\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 24ND022 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-53) Muckanippie · heavy mineral #### 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 factor: Significant width of HM mineralisation from surface Evidence · text > 60m @ 16.3% HM from surface \(24ND022\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25ND018 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-54) Muckanippie · heavy mineral #### 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 factor: High HM grade - Positive factor: Thick intersection from surface Evidence · text > 36m @ 25.7% HM from surface \(25ND018\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25ND019 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-drill-facts-55) Muckanippie · heavy mineral #### 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 factor: Very high HM grade - Positive factor: Thick intersection from surface Evidence · text > 30m @ 30.4% HM from surface \(25ND019\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## Resource Estimates (44) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-0) Rocky Gully Project · scandium #### 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 factor: Definition of an Exploration Target provides a clear focus for future drilling - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-1) Rocky Gully Project · rare earth elements #### 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 factor: Definition of an Exploration Target provides a clear focus for future drilling - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-2) Rocky Gully Project · gallium #### 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 factor: Definition of an Exploration Target provides a clear focus for future drilling - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-11) Rosewood Project · heavy mineral #### 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 factor: Large tonnage and high grade for heavy mineral - Positive factor: Indicated category provides good confidence Evidence · table > 10.1 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-12) Rosewood Project · valuable heavy mineral #### 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 factor: Very high proportion of valuable heavy mineral in the HM concentrate Evidence · table > 95 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-13) Rosewood Project · rutile #### 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 factor: Good rutile grade within the heavy mineral concentrate Evidence · table > 3.9 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-14) Rosewood Project · leucoxene #### 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 factor: Very high leucoxene grade within the heavy mineral concentrate Evidence · table > 82 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-15) Rosewood Project · ilmenite #### 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 factor: Ilmenite grade contributes to the overall heavy mineral value Evidence · table > 9 Context: 263 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-16) Rosewood Project · heavy mineral #### 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 factor: Adds to overall heavy mineral inventory - Negative factor: Inferred category has lower geological confidence Evidence · table > 6.1 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-17) Rosewood Project · valuable heavy mineral #### 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 factor: High proportion of valuable heavy mineral in the HM concentrate - Negative factor: Inferred category has lower geological confidence Evidence · table > 92 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-18) Rosewood Project · rutile #### 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 factor: Rutile grade contributes to the overall heavy mineral value - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.9 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-19) Rosewood Project · leucoxene #### 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 factor: Good leucoxene grade within the heavy mineral concentrate - Negative factor: Inferred category has lower geological confidence Evidence · table > 68 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-20) Rosewood Project · ilmenite #### 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 factor: Good ilmenite grade within the heavy mineral concentrate - Negative factor: Inferred category has lower geological confidence Evidence · table > 21 Context: 31 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-21) Rosewood Project · heavy mineral #### 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 factor: Indicated category provides good confidence - Negative factor: Small tonnage for Indicated resource Evidence · table > 4.0 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-22) Rosewood Project · valuable heavy mineral #### 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 factor: High proportion of valuable heavy mineral in the HM concentrate - Negative factor: Small tonnage for Indicated resource Evidence · table > 94 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-23) Rosewood Project · rutile #### 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 factor: Rutile grade contributes to the overall heavy mineral value - Negative factor: Small tonnage for Indicated resource Evidence · table > 2.6 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-24) Rosewood Project · leucoxene #### 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 factor: Good leucoxene grade within the heavy mineral concentrate - Negative factor: Small tonnage for Indicated resource Evidence · table > 59 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-25) Rosewood Project · ilmenite #### 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 factor: Good ilmenite grade within the heavy mineral concentrate - Negative factor: Small tonnage for Indicated resource Evidence · table > 32 Context: 1 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-26) Rosewood Project · heavy mineral #### 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 factor: Significant tonnage for heavy mineral - Negative factor: Nearly all in Inferred JORC Classification, indicating lower confidence Evidence · table > 7.1 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-27) Rosewood Project · valuable heavy mineral #### 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 factor: High proportion of valuable heavy mineral in the HM concentrate - Negative factor: Nearly all in Inferred JORC Classification, indicating lower confidence Evidence · table > 88 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-28) Rosewood Project · rutile #### 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 factor: Rutile grade contributes to the overall heavy mineral value - Negative factor: Nearly all in Inferred JORC Classification, indicating lower confidence Evidence · table > 1.8 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-29) Rosewood Project · leucoxene #### 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 factor: Good leucoxene grade within the heavy mineral concentrate - Negative factor: Nearly all in Inferred JORC Classification, indicating lower confidence Evidence · table > 63 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-30) Rosewood Project · ilmenite #### 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 factor: Good ilmenite grade within the heavy mineral concentrate - Negative factor: Nearly all in Inferred JORC Classification, indicating lower confidence Evidence · table > 23 Context: 168 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-31) Rosewood Project · heavy mineral #### 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 factor: Large combined tonnage and high grade for heavy mineral - Positive factor: Indicated category provides good confidence Evidence · table > 10.1 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-32) Rosewood Project · valuable heavy mineral #### 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 factor: Very high proportion of valuable heavy mineral in the HM concentrate Evidence · table > 95 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-33) Rosewood Project · rutile #### 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 factor: Good rutile grade within the heavy mineral concentrate Evidence · table > 3.9 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-34) Rosewood Project · leucoxene #### 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 factor: Very high leucoxene grade within the heavy mineral concentrate Evidence · table > 82 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-35) Rosewood Project · ilmenite #### 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 factor: Ilmenite grade contributes to the overall heavy mineral value Evidence · table > 9 Context: 264 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-36) Rosewood Project · heavy mineral #### 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 factor: Significant tonnage for heavy mineral - Negative factor: Inferred category has lower geological confidence Evidence · table > 7.0 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-37) Rosewood Project · valuable heavy mineral #### 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 factor: High proportion of valuable heavy mineral in the HM concentrate - Negative factor: Inferred category has lower geological confidence Evidence · table > 89 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-38) Rosewood Project · rutile #### 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 factor: Rutile grade contributes to the overall heavy mineral value - Negative factor: Inferred category has lower geological confidence Evidence · table > 2.0 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-39) Rosewood Project · leucoxene #### 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 factor: Good leucoxene grade within the heavy mineral concentrate - Negative factor: Inferred category has lower geological confidence Evidence · table > 64 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-40) Rosewood Project · ilmenite #### 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 factor: Good ilmenite grade within the heavy mineral concentrate - Negative factor: Inferred category has lower geological confidence Evidence · table > 23 Context: 199 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-41) Rosewood Project · heavy mineral #### 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 factor: Very large total resource tonnage and high heavy mineral grade - Positive factor: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-42) Rosewood Project · valuable heavy mineral #### 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 factor: Very high proportion of valuable heavy mineral in the HM concentrate Evidence · table > 93 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-43) Rosewood Project · rutile #### 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 factor: Good rutile grade within the heavy mineral concentrate Evidence · table > 3.2 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-44) Rosewood Project · leucoxene #### 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 factor: Very high leucoxene grade within the heavy mineral concentrate Evidence · table > 75 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### TOTAL [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-45) Rosewood Project · ilmenite #### 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 factor: Ilmenite grade contributes to the overall heavy mineral value Evidence · table > 14 Context: 463 #### Tags used in scoring **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 39 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-56) Big Hill Project · lithium Historical result Needs review: historical\_restatement #### 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 factor: High-grade lithium channel sample - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 40 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-57) Big Hill Project · lithium Historical result Needs review: historical\_restatement #### 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 factor: Very high-grade lithium channel sample - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 41 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-58) Big Hill Project · lithium Historical result Needs review: historical\_restatement #### 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 factor: Very high-grade lithium channel sample - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 42 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-59) Big Hill Project · lithium Historical result Needs review: historical\_restatement #### 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 factor: High-grade lithium channel sample - Negative factor: Results are historical and from channel sampling, not drilling Evidence · text > 1.5m @ 1.0 % Li2O \(Channel 1\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 43 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-60) Big Hill Project · lithium Historical result Needs review: historical\_restatement #### 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 factor: High-grade lithium channel sample - Negative factor: Results are historical and from channel sampling, not drilling Evidence · text > 2.4m @ 1.4 % Li2O \(Channel 2\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **Stale Estimate** Polarity: negative Definition: 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 44 [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-resource-facts-61) Redhill Copper Project #### 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 factor: Acquisition of a district-scale, high-grade copper and precious metals project - Positive factor: Project has existing Mineral Resource and significant exploration potential - Positive factor: Strategic investment from 29Metals provides funding for exploration - Negative factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## Metallurgical Results (3) ### leaching [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-metallurgical-facts-3) Rocky Gully Project · rare earth elements #### 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 factor: High extraction rate for NdPr using environmentally friendly MSA - Positive factor: MSA dissolved less gangue elements compared to HCl - Negative factor: Preliminary work, further optimisation underway Evidence · text > extraction rates of the magnet REEs of up to 78% in NdPr \(neodymium and praseodymium\) ### leaching [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-metallurgical-facts-4) Rocky Gully Project · rare earth elements #### 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 factor: High extraction rate for Tb using environmentally friendly MSA - Positive factor: MSA dissolved less gangue elements compared to HCl - Negative factor: Preliminary work, further optimisation underway Evidence · text > up to 84% in Tb \(terbium\) ### leaching [Link to this fact](https://atlas-staging.minestarters.com/news/nym-annual-report-to-shareholders--75ce5d8f-0419-4010-9e74-c448507455a2#fact-metallurgical-facts-5) Rocky Gully Project · rare earth elements #### 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 factor: High extraction rate for Dy using environmentally friendly MSA - Positive factor: MSA dissolved less gangue elements compared to HCl - Negative factor: 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.