OCT: Full Year Statutory Accounts
Original announcement by asx on
- Company
- Octava Minerals Limited
- Ticker
- OCT
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Rare earth elements
- Secondary commodities
- Lithium, Vanadium, Copper, Zinc, Silver, Tin, Indium, Antimony, Nickel, Platinum, Fluorspar
- Document categories
- Drill results, Capital raise, Agreement transaction, Other, Metallurgy
- Extracted
- 2026-09-29 15:12:11 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Octava Minerals Ltd reported a net loss of $2.65 million for the year ended June 30, 2026, with cash and cash equivalents decreasing to $356,007. The company wrote off $1.73 million in exploration expenditure for the Yallalong and Federation projects, leading to an auditor's note on going concern uncertainty. Post-period, Octava announced a capital raise of up to $2.3 million and a binding agreement for a fluorspar project acquisition in Argentina, while also highlighting positive bioleaching results from its Byro Critical Minerals Project.
Reasoning: Octava Minerals reported a substantial financial loss and auditor-flagged going concern uncertainty, exacerbated by project write-offs. However, the company completed a key acquisition, highlighted positive metallurgical results for its principal project, and announced a significant post-period capital raise and a new acquisition, indicating ongoing efforts to fund and advance its critical minerals portfolio.
Positive factors
- Acquisition of Byro Critical Minerals Project completed
- Positive bioleaching testwork results for Byro
- Significant capital raise announced post-period
- Potential new acquisition in Argentina diversifies commodity portfolio
- R&D tax incentive refund received
Negative factors
- Significant net loss for the year
- Cash and cash equivalents decreased substantially
- Exploration and evaluation expenditure written off for two projects
- Auditor's report highlights material uncertainty related to going concern
- Federation project option not exercised, costs written off
- Share price decline
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 27
Classification and evidence
Going Concernnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The auditor's report explicitly highlights a 'Material Uncertainty Related to Going Concern' in Note 2(f) due to the company's net loss and cash outflows.
Evidence · text
“Material Uncertainty Related to Going Concern We draw attention to Note 2(f) in the financial report, which indicates that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern.”
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The document summarizes bioleaching testwork results for Byro that were 'announced on 21 August 2025 and 2 October 2025 respectively', indicating these are not new assays.
Evidence · text
“Bioleaching testwork on Byro black shale material was completed during the year by two independent groups, BiotaTec in Europe and CSIRO in Australia, with results announced on 21 August 2025 and 2 October 2025 respectively.”
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The document summarizes maiden exploration drilling program results for Byro, explicitly stating 'refer ASX announcement dated 14 July 2026', indicating these are not new assays.
Evidence · text
“Significant three metre intervals returned grades of up to 628 ppm TREO, 368 ppm Li₂O and 507 ppm V₂O₅ (refer ASX announcement dated 14 July 2026).”
Stale Data Re-releasenegative · Story-specific tag
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The document summarizes drilling results for the Federation Project, explicitly stating 'refer ASX announcements dated 5 November 2025, 25 November 2025 and 29 April 2026', indicating these are not new assays.
Evidence · text
“Significant intercepts reported included 15.6 metres at 0.53% copper... (refer ASX announcements dated 5 November 2025, 25 November 2025 and 29 April 2026).”
Extracted facts
Stored fact records: 24. Some facts used in scoring do not have a stored record.
Drill Results (18)
Fact 1Byro Critical Minerals · treoGrade: 628Grade Unit: ppmIntercept: 3 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Byro Critical Minerals
- Commodity
- treo
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- OCT
Geometry
- Grade
- 628
- Grade Unit
- ppm
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-07-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Maiden drilling at Byro returned significant grades for TREO, indicating prospectivity, but these results were previously announced.
Positive factors
- Significant grade for TREO
- From maiden exploration drilling program
Negative factors
- Results are historical, previously announced
- Only 'three metre intervals' mentioned, no specific hole IDs
Evidence · text
“Significant three metre intervals returned grades of up to 628 ppm TREO”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 2Byro Critical Minerals · lithiumGrade: 368Grade Unit: ppm Li₂OIntercept: 3 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Byro Critical Minerals
- Commodity
- lithium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- OCT
Geometry
- Grade
- 368
- Grade Unit
- ppm Li₂O
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-07-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Maiden drilling at Byro returned significant grades for lithium, indicating prospectivity, but these results were previously announced.
Positive factors
- Significant grade for lithium
- From maiden exploration drilling program
Negative factors
- Results are historical, previously announced
- Only 'three metre intervals' mentioned, no specific hole IDs
Evidence · text
“368 ppm Li₂O”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Fact 3Byro Critical Minerals · vanadiumGrade: 507Grade Unit: ppm V₂O₅Intercept: 3 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Byro Critical Minerals
- Commodity
- vanadium
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- OCT
Geometry
- Grade
- 507
- Grade Unit
- ppm V₂O₅
- Intercept
- 3 m
Classification
- Program
- exploration
- Sample Type
- drill
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2026-07-14T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Maiden drilling at Byro returned significant grades for vanadium, indicating prospectivity, but these results were previously announced.
Positive factors
- Significant grade for vanadium
- From maiden exploration drilling program
Negative factors
- Results are historical, previously announced
- Only 'three metre intervals' mentioned, no specific hole IDs
Evidence · text
“507 ppm V₂O₅”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · copperGrade: 0.53Grade Unit: %Intercept: 15.6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- copper
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 0.53
- Grade Unit
- %
- Intercept
- 15.6 m
- From
- 126.4 m
- To
- 142 m
- Intercept Depth
- 126.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:126.4-142
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant copper intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant intercept length and grade for copper
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“15.6 metres at 0.53% copper”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · indiumGrade: 204.7Grade Unit: ppmIntercept: 15.6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- indium
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 204.7
- Grade Unit
- ppm
- Intercept
- 15.6 m
- From
- 126.4 m
- To
- 142 m
- Intercept Depth
- 126.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:126.4-142
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant indium intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant intercept length and grade for indium
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“204.7 ppm indium”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · silverGrade: 59.6Grade Unit: ppmIntercept: 15.6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- silver
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 59.6
- Grade Unit
- ppm
- Intercept
- 15.6 m
- From
- 126.4 m
- To
- 142 m
- Intercept Depth
- 126.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:126.4-142
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant silver intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant intercept length and grade for silver
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“59.6 ppm silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · tinGrade: 0.4Grade Unit: %Intercept: 15.6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 0.4
- Grade Unit
- %
- Intercept
- 15.6 m
- From
- 126.4 m
- To
- 142 m
- Intercept Depth
- 126.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:126.4-142
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant tin intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant intercept length and grade for tin
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“0.40% tin”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · copperGrade: 0.79Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- copper
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 0.79
- Grade Unit
- %
- Intercept
- 6 m
- From
- 130 m
- To
- 136 m
- Intercept Depth
- 130 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:130-136
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a higher-grade copper sub-intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Higher-grade sub-intercept for copper
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“6 metres at 0.79% copper”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · indiumGrade: 336.7Grade Unit: ppmIntercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- indium
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 336.7
- Grade Unit
- ppm
- Intercept
- 6 m
- From
- 130 m
- To
- 136 m
- Intercept Depth
- 130 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:130-136
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a higher-grade indium sub-intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Higher-grade sub-intercept for indium
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“336.7 ppm indium”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · silverGrade: 93.9Grade Unit: ppmIntercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- silver
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 93.9
- Grade Unit
- ppm
- Intercept
- 6 m
- From
- 130 m
- To
- 136 m
- Intercept Depth
- 130 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:130-136
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a higher-grade silver sub-intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Higher-grade sub-intercept for silver
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“93.9 ppm silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD005Federation · tinGrade: 0.59Grade Unit: %Intercept: 6 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD005
- Project
- Federation
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 0.59
- Grade Unit
- %
- Intercept
- 6 m
- From
- 130 m
- To
- 136 m
- Intercept Depth
- 130 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD005:130-136
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a higher-grade tin sub-intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Higher-grade sub-intercept for tin
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“0.59% tin”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD003Federation · antimonyGrade: 1.85Grade Unit: %Intercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD003
- Project
- Federation
- Commodity
- antimony
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 1.85
- Grade Unit
- %
- Intercept
- 2 m
- From
- 137 m
- To
- 139 m
- Intercept Depth
- 137 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD003:137-139
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation identified a previously unrecognised antimony lode with significant grades, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant grade for antimony
- Identified a previously unrecognised lode
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“2 metres at 1.85% antimony”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD003Federation · leadGrade: 2.38Grade Unit: %Intercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD003
- Project
- Federation
- Commodity
- lead
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 2.38
- Grade Unit
- %
- Intercept
- 2 m
- From
- 137 m
- To
- 139 m
- Intercept Depth
- 137 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD003:137-139
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation identified a previously unrecognised lead lode with significant grades, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant grade for lead
- Identified a previously unrecognised lode
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“2.38% lead”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD003Federation · zincGrade: 7.95Grade Unit: %Intercept: 2 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD003
- Project
- Federation
- Commodity
- zinc
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 7.95
- Grade Unit
- %
- Intercept
- 2 m
- From
- 137 m
- To
- 139 m
- Intercept Depth
- 137 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD003:137-139
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation identified a previously unrecognised zinc lode with significant grades, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant grade for zinc
- Identified a previously unrecognised lode
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“7.95% zinc”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD006Federation · copperGrade: 0.86Grade Unit: %Intercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD006
- Project
- Federation
- Commodity
- copper
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 0.86
- Grade Unit
- %
- Intercept
- 1.65 m
- From
- 138.35 m
- To
- 140 m
- Intercept Depth
- 138.35 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD006:138.35-140
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant copper intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant grade for copper
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“1.65 metres at 0.86% copper”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD006Federation · indiumGrade: 336.9Grade Unit: ppmIntercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD006
- Project
- Federation
- Commodity
- indium
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 336.9
- Grade Unit
- ppm
- Intercept
- 1.65 m
- From
- 138.35 m
- To
- 140 m
- Intercept Depth
- 138.35 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD006:138.35-140
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant indium intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant grade for indium
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“336.9 ppm indium”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD006Federation · silverGrade: 97.9Grade Unit: ppmIntercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD006
- Project
- Federation
- Commodity
- silver
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 97.9
- Grade Unit
- ppm
- Intercept
- 1.65 m
- From
- 138.35 m
- To
- 140 m
- Intercept Depth
- 138.35 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD006:138.35-140
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant silver intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant grade for silver
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“97.9 ppm silver”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
OFD006Federation · tinGrade: 0.76Grade Unit: %Intercept: 1.65 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- OFD006
- Project
- Federation
- Commodity
- tin
- Region
- australia_tas
- Reported Region
- australia_tas
- Ticker
- OCT
Geometry
- Grade
- 0.76
- Grade Unit
- %
- Intercept
- 1.65 m
- From
- 138.35 m
- To
- 140 m
- Intercept Depth
- 138.35 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- OFD006:138.35-140
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 2025-11-05T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Drilling at Federation returned a significant tin intercept, but the company decided not to proceed with the project acquisition.
Positive factors
- Significant grade for tin
Negative factors
- Results are historical, previously announced
- Company resolved not to proceed with project acquisition
Evidence · text
“0.76% tin”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Metallurgical Results (6)
bioleachingByro Critical Minerals Project · neodymiumRecovery: 75 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Byro Critical Minerals Project
- Commodity
- neodymium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- OCT
Test Work
- Program Status
- completed
- Test Type
- bioleaching
- Processing Route
- bioleaching
Recovery
- Recovery
- 75 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bioleaching testwork returned a strong recovery for neodymium, indicating potential for cost-effective processing, though these results were previously announced.
Positive factors
- High recovery for a critical mineral
- Bioleaching offers potential for reduced energy, reagent, and operating costs
Negative factors
- Results are historical, previously announced
Evidence · text
“approximately 75% neodymium”
bioleachingByro Critical Minerals Project · praseodymiumRecovery: 69 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Byro Critical Minerals Project
- Commodity
- praseodymium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- OCT
Test Work
- Program Status
- completed
- Test Type
- bioleaching
- Processing Route
- bioleaching
Recovery
- Recovery
- 69 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bioleaching testwork returned a good recovery for praseodymium, indicating potential for cost-effective processing, though these results were previously announced.
Positive factors
- Good recovery for a critical mineral
- Bioleaching offers potential for reduced energy, reagent, and operating costs
Negative factors
- Results are historical, previously announced
Evidence · text
“69% praseodymium”
bioleachingByro Critical Minerals Project · dysprosiumRecovery: 70 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Byro Critical Minerals Project
- Commodity
- dysprosium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- OCT
Test Work
- Program Status
- completed
- Test Type
- bioleaching
- Processing Route
- bioleaching
Recovery
- Recovery
- 70 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bioleaching testwork returned a good recovery for dysprosium, indicating potential for cost-effective processing, though these results were previously announced.
Positive factors
- Good recovery for a critical mineral
- Bioleaching offers potential for reduced energy, reagent, and operating costs
Negative factors
- Results are historical, previously announced
Evidence · text
“70% dysprosium”
bioleachingByro Critical Minerals Project · lithiumRecovery: 62 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Byro Critical Minerals Project
- Commodity
- lithium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- OCT
Test Work
- Program Status
- completed
- Test Type
- bioleaching
- Processing Route
- bioleaching
Recovery
- Recovery
- 62 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bioleaching testwork returned a moderate recovery for lithium, indicating potential for cost-effective processing, though these results were previously announced.
Positive factors
- Moderate recovery for a critical mineral
- Bioleaching offers potential for reduced energy, reagent, and operating costs
Negative factors
- Results are historical, previously announced
Evidence · text
“62% lithium”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 62% is below the weak band (65%)
bioleachingByro Critical Minerals Project · vanadiumRecovery: 43 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Byro Critical Minerals Project
- Commodity
- vanadium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- OCT
Test Work
- Program Status
- completed
- Test Type
- bioleaching
- Processing Route
- bioleaching
Recovery
- Recovery
- 43 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bioleaching testwork returned a moderate recovery for vanadium, indicating potential for cost-effective processing, though these results were previously announced.
Positive factors
- Moderate recovery for a critical mineral
- Bioleaching offers potential for reduced energy, reagent, and operating costs
Negative factors
- Results are historical, previously announced
Evidence · text
“43% vanadium”
bioleachingByro Critical Minerals Project · nickelRecovery: 80 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Byro Critical Minerals Project
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- OCT
Test Work
- Program Status
- completed
- Test Type
- bioleaching
- Processing Route
- bioleaching
Recovery
- Recovery
- 80 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-08-21T00:00:00.000Z
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bioleaching testwork returned a strong recovery for nickel, indicating potential for cost-effective processing, though these results were previously announced.
Positive factors
- High recovery for a critical mineral
- Bioleaching offers potential for reduced energy, reagent, and operating costs
Negative factors
- Results are historical, previously announced
Evidence · text
“80% nickel”
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.