# OBT: Drilling Intersects more Massive Sulphides at Lewis Ponds

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03155019

Publisher: asx

Original announcement: 2026-10-20T22:15:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-20T23:21:08.567Z

Atlas analysis updated: 2026-10-20T23:21:08.567Z

- Company: Orbit Resources Limited

- Ticker: OBT

- Exchange: ASX

- Region: New South Wales

- Primary commodity: Zinc

- Secondary commodities: Gold, Silver, Lead, Copper

- Document categories: Drill results

- Extracted: 2026-10-20 23:21:09 UTC

Narrative sentiment: 0.50 · Bullish

## Minestarters Atlas summary

Orbit Resources Limited has reported encouraging visual results from its resource development drilling at the Lewis Ponds Project in NSW, with drill hole GLPDD012 intersecting 11.8m of semi-massive to massive sulphide mineralisation at Tom's Lode. While assays are pending, these visual estimates confirm the geological model and are intended to increase resource confidence and provide material for future metallurgical testwork. The program continues with GLPDD013 targeting Spicer's Lode, with all assays expected in Q4 2026.

Reasoning: New visual estimates of significant sulphide mineralization in drill hole GLPDD012 confirm the geological model and support resource development at Lewis Ponds, but assays are pending, and true widths are not yet determined.

- Positive factor: Visual identification of significant semi-massive to massive sulphide mineralisation confirms the geological model at Tom's Lode.

- Positive factor: Drilling is aimed at increasing resource confidence and providing material for future metallurgical testwork, supporting PFS.

- Positive factor: QA/QC procedures are disclosed, including use of commercial laboratories and insertion of blanks and standards.

- Negative factor: Assays are pending for the reported visual intercepts, limiting the immediate impact of the results.

- Negative factor: The reported intercept lengths are downhole, and true widths are less due to oblique intersection, but true width is not quantified.

- Negative factor: The presence of arsenopyrite and potential refractory gold in sulphides may indicate metallurgical complexity.

Facts used in scoring: 20

## Classification and evidence

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: The release mentions that GRL/OBT routinely inserts analytical blanks and standards at regular intervals and that all QAQC data has been statistically assessed and are within designated thresholds.

Evidence · text

> GRL/ OBT routinely inserts analytical blanks \[coarse and pulp blanks\] and standards at regular intervals \(sometimes at specific intervals based on the geologist’s discretion but nominally at an insertion rate of 1 in 25\) into the client sample batches for laboratory accuracy performance monitoring. Standards used are commercially available standards. All of the QAQC data has been statistically assessed and are within designated thresholds.

**QP/CP Signed**

Polarity: positive

Story-specific tag

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 indicates that Ms Jeneta Owens, a Competent Person and Member of the Australian Institute of Geoscientists, has compiled the information and consents to its inclusion.

Evidence · text

> The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Ms Jeneta Owens, a Competent Person who is a Member of the Australian Institute of Geoscientists.

**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 document explicitly states that reported intervals are downhole lengths and true widths are less than the downhole lengths reported due to an oblique intersection.

Evidence · text

> Reported intervals are downhole lengths; GLPDD012 intersected Tom’s Lode at an oblique angle and true widths are less than the downhole lengths reported

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: The geology section mentions trace quantities of arsenopyrite, and a preliminary metallurgical study indicates gold may be refractory within some sulphide lenses.

Evidence · text

> The dominant sulphide phases occur in decreasing abundance as pyrite > sphalerite > galena > chalcopyrite > pyrrhotite, with trace quantities of arsenopyrite. ... Preliminary metallurgical study indicates that gold may be refractory within some sulphide lenses.

**Metal Equivalent Opaque**

Polarity: negative

Definition: Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: While metal equivalent assumptions are disclosed, the document also provides a ZnEq calculation formula without explicitly stating the assumptions for it, only for AuEq.

Evidence · text

> Gold Equivalents have been calculated using the formula for this report: ... Zinc Equivalent \(ZnEq\) grades have been calculated to provide a single indicative value for polymetallic mineralisation as shown in Figures 1 and 2.. The ZnEq values incorporate zinc \(Zn\), lead \(Pb\) silver \(Ag\) copper \(Cu\) and gold \(Au\) grades, based on assumed longterm commodity prices and metallurgical recoveries. Individual metal grades for Zn, Pb Ag, Cu and Au are reported alongside ZnEq values in all tables. ZnEq values are provided for illustrative purposes only and no allowance has been made for mining, dilution, processing costs, smelter terms or refining charges.

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The drill program is designed to increase confidence in the existing Mineral Resource, which is characteristic of infill drilling.

Evidence · text

> Program designed to increase confidence in the existing Mineral Resource and for future metallurgical testwork

**Resource Update**

Polarity: neutral

Story-specific tag

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The drilling program is explicitly stated to be for resource development and to increase confidence in the existing Mineral Resource.

Evidence · text

> Lewis Ponds resource development drilling continues: Program designed to increase confidence in the existing Mineral Resource

## Extracted facts

Stored fact records: 20. Some facts used in scoring do not have a stored record.

## Drill Results (20)

### GLPDD012

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-0)

Lewis Ponds

#### Identity

- Hole ID: GLPDD012
- Project: Lewis Ponds
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Intercept: 11.8 m
- From: 255.3 m
- To: 267.1 m
- Hole Depth: 334.1 m
- Intercept Depth: 255.3 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: GLPDD012:255.3-267.1
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710281
- Northing: 6316196
- Elevation: 785 m
- Azimuth: 237 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Visual identification of a significant sulphide zone is encouraging for resource potential, but the lack of assays and true width limits immediate impact.

- Positive factor: Significant visual sulphide intersection confirms geological model.

- Negative factor: Assays are pending, so no grade information is available.

- Negative factor: True width is less than downhole length due to oblique intersection.

Evidence · text

> GLPDD012 intersected 11.8m of semi-massive to massive sulphide mineralisation from 255.3m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### GLPDD012

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-1)

Lewis Ponds

#### Identity

- Hole ID: GLPDD012
- Project: Lewis Ponds
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Intercept: 4.2 m
- From: 255.3 m
- To: 259.5 m
- Hole Depth: 334.1 m
- Intercept Depth: 255.3 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: GLPDD012:255.3-259.5
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710281
- Northing: 6316196
- Elevation: 785 m
- Azimuth: 237 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Visual estimate of semi-massive sulphides is positive, but lack of assays and true width limits its significance.

- Positive factor: Visual identification of semi-massive sulphides.

- Negative factor: Assays are pending, so no grade information is available.

- Negative factor: True width is less than downhole length due to oblique intersection.

Evidence · text

> 4.2m of ~25% semi-massive sulphides from 255.3m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### GLPDD012

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-2)

Lewis Ponds

#### Identity

- Hole ID: GLPDD012
- Project: Lewis Ponds
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Intercept: 1.4 m
- From: 259.5 m
- To: 260.9 m
- Hole Depth: 334.1 m
- Intercept Depth: 255.3 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: GLPDD012:259.5-260.9
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710281
- Northing: 6316196
- Elevation: 785 m
- Azimuth: 237 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Visual estimate of disseminated sulphides is less significant than massive sulphides, and assays are pending.

- Negative factor: Assays are pending, so no grade information is available.

- Negative factor: Low percentage of disseminated sulphides compared to other intervals.

- Negative factor: True width is less than downhole length due to oblique intersection.

Evidence · text

> 1.4m of 5% disseminated sulphides from 259.5m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### GLPDD012

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-3)

Lewis Ponds

#### Identity

- Hole ID: GLPDD012
- Project: Lewis Ponds
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Intercept: 3.55 m
- From: 260.9 m
- To: 264.45 m
- Hole Depth: 334.1 m
- Intercept Depth: 255.3 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: GLPDD012:260.9-264.45
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710281
- Northing: 6316196
- Elevation: 785 m
- Azimuth: 237 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Visual identification of a significant zone of massive sulphides is highly encouraging, but assays are pending.

- Positive factor: High percentage of massive sulphides visually identified.

- Negative factor: Assays are pending, so no grade information is available.

- Negative factor: True width is less than downhole length due to oblique intersection.

Evidence · text

> 3.55m of ~50% massive sulphides from 260.9m

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### GLPDD012

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-4)

Lewis Ponds

#### Identity

- Hole ID: GLPDD012
- Project: Lewis Ponds
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Intercept: 2.65 m
- From: 264.45 m
- To: 267.1 m
- Hole Depth: 334.1 m
- Intercept Depth: 255.3 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: GLPDD012:264.45-267.1
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710281
- Northing: 6316196
- Elevation: 785 m
- Azimuth: 237 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Assumptions Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Visual estimate of disseminated pyrite is less significant than massive sulphides, and assays are pending.

- Negative factor: Assays are pending, so no grade information is available.

- Negative factor: Lower percentage of disseminated sulphides compared to massive sulphide intervals.

- Negative factor: True width is less than downhole length due to oblique intersection.

Evidence · table

> 15

Context: 2.65

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-52

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-5)

Lewis Ponds · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-52
- Project: Lewis Ponds
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 0.83
- Grade Unit: g/t
- Intercept: 11 m
- From: 170 m
- To: 181 m
- Hole Depth: 232.2 m
- Intercept Depth: 170 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-52:170-181
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710213
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 213 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 4.02
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical gold intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for gold at Lewis Ponds \(2.77 g/t Au\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 0.83

Context: 11

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-52

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-6)

Lewis Ponds · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-52
- Project: Lewis Ponds
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 45.73
- Grade Unit: g/t
- Intercept: 11 m
- From: 170 m
- To: 181 m
- Hole Depth: 232.2 m
- Intercept Depth: 170 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-52:170-181
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710213
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 213 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 4.02
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical silver intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for silver at Lewis Ponds \(83.005 g/t Ag\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 45.73

Context: 11

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-52

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-7)

Lewis Ponds · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-52
- Project: Lewis Ponds
- Commodity: copper
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 0.13
- Grade Unit: %
- Intercept: 11 m
- From: 170 m
- To: 181 m
- Hole Depth: 232.2 m
- Intercept Depth: 170 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-52:170-181
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710213
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 213 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 4.02
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical copper intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for copper at Lewis Ponds \(0.138% Cu\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 0.13

Context: 11

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-52

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-8)

Lewis Ponds · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-52
- Project: Lewis Ponds
- Commodity: lead
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 1.78
- Grade Unit: %
- Intercept: 11 m
- From: 170 m
- To: 181 m
- Hole Depth: 232.2 m
- Intercept Depth: 170 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-52:170-181
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710213
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 213 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 4.02
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical lead intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for lead at Lewis Ponds \(2.588% Pb\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 1.78

Context: 11

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-52

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-9)

Lewis Ponds · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-52
- Project: Lewis Ponds
- Commodity: zinc
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 3.24
- Grade Unit: %
- Intercept: 11 m
- From: 170 m
- To: 181 m
- Hole Depth: 232.2 m
- Intercept Depth: 170 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-52:170-181
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710213
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 213 °
- Dip: -55 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 4.02
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical zinc intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for zinc at Lewis Ponds \(4.073% Zn\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 3.24

Context: 11

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-53

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-10)

Lewis Ponds · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-53
- Project: Lewis Ponds
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 0.46
- Grade Unit: g/t
- Intercept: 51 m
- From: 270 m
- To: 321 m
- Hole Depth: 369.9 m
- Intercept Depth: 270 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-53:270-321
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710211
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 222 °
- Dip: -68 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 3.89
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical gold intercept is significantly below the project average, indicating lower significance.

- Negative factor: Grade is significantly below the average for gold at Lewis Ponds \(2.77 g/t Au\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 0.46

Context: 51

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-53

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-11)

Lewis Ponds · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-53
- Project: Lewis Ponds
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 47.82
- Grade Unit: g/t
- Intercept: 51 m
- From: 270 m
- To: 321 m
- Hole Depth: 369.9 m
- Intercept Depth: 270 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-53:270-321
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710211
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 222 °
- Dip: -68 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 3.89
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical silver intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for silver at Lewis Ponds \(83.005 g/t Ag\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 47.82

Context: 51

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-53

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-12)

Lewis Ponds · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-53
- Project: Lewis Ponds
- Commodity: copper
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 0.1
- Grade Unit: %
- Intercept: 51 m
- From: 270 m
- To: 321 m
- Hole Depth: 369.9 m
- Intercept Depth: 270 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-53:270-321
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710211
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 222 °
- Dip: -68 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 3.89
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical copper intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for copper at Lewis Ponds \(0.138% Cu\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 0.10

Context: 51

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-53

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-13)

Lewis Ponds · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-53
- Project: Lewis Ponds
- Commodity: lead
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 2.12
- Grade Unit: %
- Intercept: 51 m
- From: 270 m
- To: 321 m
- Hole Depth: 369.9 m
- Intercept Depth: 270 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-53:270-321
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710211
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 222 °
- Dip: -68 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 3.89
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical lead intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for lead at Lewis Ponds \(2.588% Pb\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 2.12

Context: 51

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD-53

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-14)

Lewis Ponds · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD-53
- Project: Lewis Ponds
- Commodity: zinc
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 3.48
- Grade Unit: %
- Intercept: 51 m
- From: 270 m
- To: 321 m
- Hole Depth: 369.9 m
- Intercept Depth: 270 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD-53:270-321
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710211
- Northing: 6316198
- Elevation: 781 m
- Azimuth: 222 °
- Dip: -68 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 3.89
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical zinc intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for zinc at Lewis Ponds \(4.073% Zn\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 3.48

Context: 51

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD51-AW3

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-15)

Lewis Ponds · gold

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD51-AW3
- Project: Lewis Ponds
- Commodity: gold
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 0.96
- Grade Unit: g/t
- Intercept: 16 m
- From: 387 m
- To: 403 m
- Hole Depth: 409 m
- Intercept Depth: 387 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD51-AW3:387-403
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710272
- Northing: 6316186
- Elevation: 783 m
- Azimuth: 238 °
- Dip: -70 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 6.39
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical gold intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for gold at Lewis Ponds \(2.77 g/t Au\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 0.96

Context: 16

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD51-AW3

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-16)

Lewis Ponds · silver

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD51-AW3
- Project: Lewis Ponds
- Commodity: silver
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 83.31
- Grade Unit: g/t
- Intercept: 16 m
- From: 387 m
- To: 403 m
- Hole Depth: 409 m
- Intercept Depth: 387 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD51-AW3:387-403
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710272
- Northing: 6316186
- Elevation: 783 m
- Azimuth: 238 °
- Dip: -70 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 6.39
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical silver intercept is slightly above the project average, which is positive, but it is not new information.

- Positive factor: Grade is slightly above the average for silver at Lewis Ponds \(83.005 g/t Ag\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 83.31

Context: 16

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD51-AW3

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-17)

Lewis Ponds · copper

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD51-AW3
- Project: Lewis Ponds
- Commodity: copper
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 0.12
- Grade Unit: %
- Intercept: 16 m
- From: 387 m
- To: 403 m
- Hole Depth: 409 m
- Intercept Depth: 387 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD51-AW3:387-403
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710272
- Northing: 6316186
- Elevation: 783 m
- Azimuth: 238 °
- Dip: -70 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 6.39
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical copper intercept is below the project average, indicating lower significance.

- Negative factor: Grade is below the average for copper at Lewis Ponds \(0.138% Cu\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 0.12

Context: 16

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD51-AW3

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-18)

Lewis Ponds · lead

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD51-AW3
- Project: Lewis Ponds
- Commodity: lead
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 3.79
- Grade Unit: %
- Intercept: 16 m
- From: 387 m
- To: 403 m
- Hole Depth: 409 m
- Intercept Depth: 387 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD51-AW3:387-403
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710272
- Northing: 6316186
- Elevation: 783 m
- Azimuth: 238 °
- Dip: -70 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 6.39
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical lead intercept is above the project average, which is positive, but it is not new information.

- Positive factor: Grade is above the average for lead at Lewis Ponds \(2.588% Pb\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 3.79

Context: 16

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

### TLPD51-AW3

[Link to this fact](https://atlas-staging.minestarters.com/news/obt-drilling-intersects-more-massive-sulphides-at-lewis-ponds--08861af1-a518-4a9b-aeee-e2cc58110bcd#fact-drill-facts-19)

Lewis Ponds · zinc

Historical result

Needs review: historical\_restatement

#### Identity

- Hole ID: TLPD51-AW3
- Project: Lewis Ponds
- Commodity: zinc
- Region: australia\_nsw
- Reported Region: australia\_nsw
- Ticker: OBT

#### Geometry

- Grade: 5.15
- Grade Unit: %
- Intercept: 16 m
- From: 387 m
- To: 403 m
- Hole Depth: 409 m
- Intercept Depth: 387 m

#### Classification

- Deposit Type: vms
- Program: resource
- Sample Type: drill
- Group ID: TLPD51-AW3:387-403
- Mining Method: unknown

#### Location

- Location: Tom's Lode
- Easting: 710272
- Northing: 6316186
- Elevation: 783 m
- Azimuth: 238 °
- Dip: -70 °
- Loc. Confidence: medium
- Loc. Source: document

#### QA/QC

- Laboratory: ALS in Orange, NSW and Bureau Veritas in Adelaide, SA
- QA/QC Disclosed: Yes
- QP Signed: Yes
- QA/QC Methods: standards, blanks, duplicates

#### Deleterious

- Deleterious Flag: Yes
- Deleterious Elements: arsenic

#### Metal Equivalent

- Metal Eq. Grade: 6.39
- Metal Eq. Unit: AuEq\_ppm
- Assumptions Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: historical\_restatement
- Interp. Status: scored
- Historical: Yes

#### Dates

- Event date: 2026-10-20T00:00:00.000Z

Reasoning: Historical zinc intercept is above the project average, which is positive, but it is not new information.

- Positive factor: Grade is above the average for zinc at Lewis Ponds \(4.073% Zn\).

- Negative factor: This is historical data, not new information.

Evidence · table

> 5.15

Context: 16

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is 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

**Deleterious Elements Present**

Polarity: negative

Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release.

Why it applies: deleterious\_flag is true

**Refractory Ore**

Polarity: negative

Definition: Ore requires oxidation/pressure treatment before recovery — a processing and recovery risk.

Why it applies: the release describes refractory metallurgy

**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

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill\_program\_type is "resource"

**Nearology Play**

Polarity: neutral

Definition: Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Next Steps Orbit's immediate activities at Lewis Ponds include: • Completion of drill hole GLPDD013 at Spicer's Lode • R"

## 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.