PC2: PC Gold Secures Control of Spring Hill Development Footprint
Original announcement by asx on
- Company
- PC Gold Limited
- Ticker
- PC2
- Exchange
- ASX
- Region
- Northern Territory
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Agreement transaction, Resource update
- Extracted
- 2026-10-07 22:21:46 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
PC Gold has entered a binding agreement to acquire the remaining third-party mining leases and a water license within its Spring Hill Gold Project in the Northern Territory for A$6.5 million, funded by cash and shares. This acquisition, along with a new 443ha mining lease application, consolidates the project's development footprint, simplifying permitting and de-risking project financing. The company will assume rehabilitation obligations and gain an established operating permit, positioning Spring Hill for accelerated development.
Reasoning: PC Gold has secured full control of the Spring Hill development footprint through a binding agreement to acquire existing mining leases and a water license, and has lodged an application for a new mining lease. This significantly de-risks the project's permitting, approvals, and financing pathway, and is fully funded. The document also presents a JORC-compliant Mineral Resource Estimate with clearly disclosed cut-off grades.
Positive factors
- Consolidates development footprint
- De-risks permitting and financing
- Secures strategic ground for infrastructure
- Includes permitted water supply
- Fully funded acquisition
- Expands mining lease footprint
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Subject to Ministerial approval
- Assumes rehabilitation obligations
- Mining Lease application subject to approval
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 19
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Mineral Resource Estimate reported in accordance with the JORC Code
Evidence · text
“Mineral Resource Estimate reported in accordance with the JORC Code”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Mr Peter Harris, a Competent Person who is a Member of the Australian Institute of Geoscientists, consents to the inclusion of information in this announcement.
Evidence · text
“Information in this announcement that relates to exploration results is based on and fairly represents work undertaken by Mr Peter Harris, a Competent Person who is a Member of the Australian Institute of Geoscientists.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Mineral Resource Estimate table clearly states cut-off grades for each reported category and tonnage.
Evidence · table
“COG”
Context: Tonnes (Mt)
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents an existing Mineral Resource Estimate for the Spring Hill Gold Project.
Evidence · text
“With a Mineral Resource Estimate reported in accordance with the JORC Code of 43.6Mt @ 1.1g/t Au for 1.5Moz Au”
Extracted facts
Stored fact records: 14. Some facts used in scoring do not have a stored record.
Resource Estimates (14)
indicatedSpring Hill Gold Project · goldTonnes: 120900000Grade: 0.4Grade Unit: g/tContained Metal: 1509000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:bd9952b6dd9409a06efd
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 120900000
- Grade
- 0.4
- Grade Unit
- g/t
- Contained Metal
- 1509000
- Contained Unit
- oz
- Cutoff Grade
- 0
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Indicated resource at a 0 g/t cut-off provides a large tonnage base with economic grades for an open-pit scenario, reported under JORC with QP sign-off.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Evidence · table
“120.9”
Context: 0.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredSpring Hill Gold Project · goldTonnes: 88800000Grade: 0.3Grade Unit: g/tContained Metal: 938000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:68cbed916f9178acf58f
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 88800000
- Grade
- 0.3
- Grade Unit
- g/t
- Contained Metal
- 938000
- Contained Unit
- oz
- Cutoff Grade
- 0
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Inferred resource at a 0 g/t cut-off provides a large tonnage base, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.
Positive factors
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Inferred Resource
Evidence · table
“88.8”
Context: 0.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedSpring Hill Gold Project · goldTonnes: 47300000Grade: 0.8Grade Unit: g/tContained Metal: 1234000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:f64a1fd5d161feae1c28
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 47300000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 1234000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Indicated resource at a 0.3 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Evidence · table
“47.3”
Context: 0.8
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredSpring Hill Gold Project · goldTonnes: 28600000Grade: 0.7Grade Unit: g/tContained Metal: 681000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:115221961777fdd0f71e
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 28600000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 681000
- Contained Unit
- oz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Inferred resource at a 0.3 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.
Positive factors
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Inferred Resource
Evidence · table
“28.6”
Context: 0.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedSpring Hill Gold Project · goldTonnes: 35600000Grade: 0.9Grade Unit: g/tContained Metal: 1114000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:423ccd50934113647cf7
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 35600000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 1114000
- Contained Unit
- oz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Indicated resource at a 0.4 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Evidence · table
“35.6”
Context: 0.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredSpring Hill Gold Project · goldTonnes: 19100000Grade: 0.9Grade Unit: g/tContained Metal: 573000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:4a23b1b05dd731988e97
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 19100000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 573000
- Contained Unit
- oz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Inferred resource at a 0.4 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.
Positive factors
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Inferred Resource
Evidence · table
“19.1”
Context: 0.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedSpring Hill Gold Project · goldTonnes: 28800000Grade: 1.1Grade Unit: g/tContained Metal: 1003000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:fb333a97cc19b0a25544
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 28800000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 1003000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Indicated resource at a 0.5 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Evidence · table
“28.8”
Context: 1.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredSpring Hill Gold Project · goldTonnes: 14700000Grade: 1.1Grade Unit: g/tContained Metal: 510000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:cbf4716d60cdb8feefd0
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 14700000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 510000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Inferred resource at a 0.5 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.
Positive factors
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Inferred Resource
Evidence · table
“14.7”
Context: 1.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedSpring Hill Gold Project · goldTonnes: 22600000Grade: 1.2Grade Unit: g/tContained Metal: 892000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:fec427acf31912ccf9d5
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 22600000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 892000
- Contained Unit
- oz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Indicated resource at a 0.6 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Evidence · table
“22.6”
Context: 1.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredSpring Hill Gold Project · goldTonnes: 11400000Grade: 1.2Grade Unit: g/tContained Metal: 451000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:28b2fee643077cc3d2c1
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 11400000
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 451000
- Contained Unit
- oz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Inferred resource at a 0.6 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.
Positive factors
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Inferred Resource
Evidence · table
“11.4”
Context: 1.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedSpring Hill Gold Project · goldTonnes: 17600000Grade: 1.4Grade Unit: g/tContained Metal: 789000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:9d8053d69e93c9395bbe
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 17600000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 789000
- Contained Unit
- oz
- Cutoff Grade
- 0.7
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Indicated resource at a 0.7 g/t cut-off shows economic grades for an open-pit scenario, reported under JORC with QP sign-off.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Evidence · table
“17.6”
Context: 1.4
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredSpring Hill Gold Project · goldTonnes: 9200000Grade: 1.4Grade Unit: g/tContained Metal: 404000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:5f176575569b5e319efa
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 9200000
- Grade
- 1.4
- Grade Unit
- g/t
- Contained Metal
- 404000
- Contained Unit
- oz
- Cutoff Grade
- 0.7
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Inferred resource at a 0.7 g/t cut-off shows economic grades, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.
Positive factors
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Inferred Resource
Evidence · table
“9.2”
Context: 1.4
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
indicatedSpring Hill Gold Project · goldTonnes: 9300000Grade: 1.9Grade Unit: g/tContained Metal: 568000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:049f228baed0be63bd42
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 9300000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 568000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Indicated resource at a 1 g/t cut-off shows high-grade economic potential for an open-pit scenario, reported under JORC with QP sign-off.
Positive factors
- Indicated Resource
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Evidence · table
“9.3”
Context: 1.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
inferredSpring Hill Gold Project · goldTonnes: 5100000Grade: 1.8Grade Unit: g/tContained Metal: 295000Contained Unit: ozView all detailsHide details
Identity
- Project
- Spring Hill Gold Project
- Commodity
- gold
- Region
- australia_nt
- Reported Region
- Northern Territory
- Ticker
- PC2
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mr Peter Harris
- Resource group id
- resource:79f0c84666b866e3659b
- Mining method
- combined
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5100000
- Grade
- 1.8
- Grade Unit
- g/t
- Contained Metal
- 295000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-10-08
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-07T00:00:00.000Z
Reasoning: This Inferred resource at a 1 g/t cut-off shows high-grade economic potential, but its speculative nature requires further drilling to improve confidence, reported under JORC with QP sign-off.
Positive factors
- JORC Compliant
- QP/CP Signed
- Cut-off Disclosed
Negative factors
- Inferred Resource
Evidence · table
“5.1”
Context: 1.8
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
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.