PDN: September 2026 Quarter Presentation

Original announcement by asx on

Company
Paladin Energy Ltd
Ticker
PDN
Exchange
ASX
Region
Unavailable
Primary commodity
Uranium
Secondary commodities
Vanadium, Gold
Document categories
Other, Production, Drill results, Resource update
Extracted
2026-10-13 22:21:50 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Paladin Energy reported its September 2026 quarterly results, highlighting strong average realized uranium prices and solid production from the Langer Heinrich Mine, despite a temporary dip due to planned maintenance. The company also announced significant progress in permitting for its Patterson Lake South Project, including a Mutual Benefits Agreement and an administrative protocol with the CNSC. New high-grade exploration results were reported from the PLS Project, extending mineralization at the Atlas, Saloon East, and Triple R deposits.

Reasoning: Paladin Energy reported solid quarterly production and sales for its Langer Heinrich Mine with strong realized prices, alongside significant progress in permitting and new high-grade exploration results at the Patterson Lake South Project, despite a temporary dip in LHM production due to planned maintenance.

Positive factors

  • Strong average realised uranium price of US$79.4/lb
  • Progress on PLS Project permitting with Mutual Benefits Agreement and CNSC protocol
  • New high-grade exploration results extending mineralization at PLS Project (Atlas, Saloon East, Triple R)

Negative factors

  • LHM production impacted by planned maintenance and ore characteristics, resulting in lower production and recovery at the bottom-end of the target range for the quarter
  • Metal equivalent grades (eU3O8) reported for drill results without disclosing assumptions
  • No specific QA/QC methods or compositing cut-off grades disclosed for drill results

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 61

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Exploration drilling successfully extended mineralisation at the emerging Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource at the Triple R deposit.

Evidence · text

“Exploration drilling completed at PLS successfully extended mineralisation at the emerging Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource at the Triple R deposit”

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: The drill results section does not disclose specific QA/QC procedures, certified labs, or assay protocols.

Evidence · text

“Recent drilling extended mineralisation at the Atlas and Saloon East discoveries and beyond the current R1515W Mineral Resource at Triple R”

Metal Equivalent Opaquenegative

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

Why it applies: Metal equivalent grades (eU3O8) are reported for drill results without disclosing the price, recovery, or payability assumptions used in the calculation.

Evidence · text

“12.6m of 0.5% eU3O8”

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: High-grade intervals for drill results are reported without stating the cut-off grade used for compositing.

Evidence · text

“12.6m of 0.5% eU3O8”

JORC Compliantpositive · Story-specific tag

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: Mineral Resources and Ore Reserves for both LHM and PLS are reported as JORC Code (2012) compliant.

Evidence · text

“JORC Code (2012) compliant”

QP/CP Signedpositive · Story-specific tag

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: Scientific and technical information for both PLS and LHM was reviewed and approved by named Qualified Persons/Competent Persons.

Evidence · text

“Scientific and technical information relating to the PLS Project in this Presentation was reviewed and approved by Kanan Sarioglu, VP Exploration of Paladin Canada Inc. (a subsidiary of Paladin), and Gary Haywood, Principal, High Grade Mining Ltd, each a Competent Person as defined in the JORC (2012) and Qualified Person as defined by NI 43-101.”

Inferred Resourcenegative · Story-specific tag

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: Both LHM and PLS projects report Inferred Mineral Resources, which are speculative and have lower geological confidence.

Evidence · table

“Inferred In-situ”

Context: Category

Resource Updateneutral · Story-specific tag

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

Why it applies: The document presents updated Mineral Resources and Ore Reserves for LHM and re-reported estimates for PLS.

Evidence · text

“Summary Mineral Resources1 As at 30 June 2026”

Cut-off Disclosedpositive · Story-specific tag

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: Cut-off grades for both LHM and PLS resource and reserve estimates are clearly stated.

Evidence · text

“Cut-off grade for reporting of Mineral Resources is 200ppm U3O8 except LG stockpiles, which incorporate sub-grade material expected to be processed at the end of mine life and have a cut-off grade of 180ppm.”

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The PLS Project Mineral Resources and Reserves were re-reported to comply with JORC Code with no material change, indicating low genuine novelty.

Evidence · text

“On 20 August 2026, the Group announced that those estimates have been re-reported to comply with JORC (2012), with no material change being made to those estimates.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept PLS26-762A returned 4.1m at 3.0% eU3O8, which is an exceptionally high-grade for uranium.

Evidence · text

“PLS26-762A: 13.0m of total composite mineralisation including 4.1m of 3.0% eU3O8”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: The intercept PLS26-779 returned 0.6m at 2.9% eU3O8, which is an exceptionally high-grade for uranium.

Evidence · text

“0.6m of 2.9% eU3O8”

Context: PLS26-779: 12.7m of total composite mineralisation including 3.4m of 0.7% eU3O8 with

Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

Drill Results (15)

PLS26-751Patterson Lake South (PLS) · uraniumGrade: 0.5Grade Unit: %Intercept: 12.6 mView all details
Link to this fact

Identity

Hole ID
PLS26-751
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.5
Grade Unit
%
Intercept
12.6 m

Classification

Program
mixed
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A high-grade uranium intercept of 12.6m at 0.5% eU3O8 extends mineralization beyond the current resource, indicating potential for resource growth, though metal equivalent assumptions are not disclosed.

Positive factors

  • High-grade uranium intercept
  • Extends mineralization beyond current resource

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-751: 19.3m of total composite mineralisation including 12.6m of 0.5% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

PLS26-756Patterson Lake South (PLS) · uraniumGrade: 0.5Grade Unit: %Intercept: 11.4 mView all details
Link to this fact

Identity

Hole ID
PLS26-756
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.5
Grade Unit
%
Intercept
11.4 m

Classification

Program
mixed
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.5
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A high-grade uranium intercept of 11.4m at 0.5% eU3O8 extends mineralization beyond the current resource, indicating potential for resource growth, though metal equivalent assumptions are not disclosed.

Positive factors

  • High-grade uranium intercept
  • Extends mineralization beyond current resource

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-756: 21.5m of total composite mineralisation including 11.4m of 0.5% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

PLS26-771Patterson Lake South (PLS) · uraniumGrade: 0.1Grade Unit: %Intercept: 19.4 mView all details
Link to this fact

Identity

Hole ID
PLS26-771
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.1
Grade Unit
%
Intercept
19.4 m

Classification

Program
mixed
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
%eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A moderate-grade uranium intercept of 19.4m at 0.1% eU3O8 extends mineralization, contributing to resource growth, but is lower grade than other reported intercepts.

Positive factors

  • Extends mineralization beyond current resource

Negative factors

  • Lower grade compared to other intercepts
  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-771: 21.2m of total composite mineralisation including 19.4 m of 0.1%eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

PLS26-779Patterson Lake South (PLS) · uraniumGrade: 0.7Grade Unit: %Intercept: 3.4 mView all details
Link to this fact

Identity

Hole ID
PLS26-779
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.7
Grade Unit
%
Intercept
3.4 m

Classification

Program
mixed
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A high-grade uranium intercept of 3.4m at 0.7% eU3O8 represents a new, open extension 100m east of the existing resource, indicating significant exploration potential.

Positive factors

  • High-grade uranium intercept
  • New, open, high-grade intercept 100m east of R1515W

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-779: 12.7m of total composite mineralisation including 3.4m of 0.7% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

PLS26-779Patterson Lake South (PLS) · uraniumGrade: 2.9Grade Unit: %Intercept: 0.6 mView all details
Link to this fact

Identity

Hole ID
PLS26-779
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
2.9
Grade Unit
%
Intercept
0.6 m

Classification

Program
mixed
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
2.9
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A bonanza-grade uranium intercept of 0.6m at 2.9% eU3O8, part of a new extension, is highly significant despite its narrow width, indicating very high-grade mineralization.

Positive factors

  • Bonanza grade uranium intercept
  • New, open, high-grade intercept 100m east of R1515W

Negative factors

  • Narrow intercept length
  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“0.6m of 2.9% eU3O8”

Context: PLS26-779: 12.7m of total composite mineralisation including 3.4m of 0.7% eU3O8 with

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

PLS26-762APatterson Lake South (PLS) · uraniumGrade: 3Grade Unit: %Intercept: 4.1 mView all details
Link to this fact

Identity

Hole ID
PLS26-762A
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
3
Grade Unit
%
Intercept
4.1 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
3
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A bonanza-grade uranium intercept of 4.1m at 3.0% eU3O8 is the highest grade hole to date at the Atlas discovery, representing a highly significant exploration success.

Positive factors

  • Bonanza grade uranium intercept
  • Highest Grade Hole to date at Atlas discovery

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-762A: 13.0m of total composite mineralisation including 4.1m of 3.0% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS26-773Patterson Lake South (PLS) · uraniumGrade: 1.2Grade Unit: %Intercept: 3.3 mView all details
Link to this fact

Identity

Hole ID
PLS26-773
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
1.2
Grade Unit
%
Intercept
3.3 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
1.2
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A high-grade uranium intercept of 3.3m at 1.2% eU3O8 contributes to extending mineralization at the Atlas discovery, reinforcing its potential.

Positive factors

  • High-grade uranium intercept
  • Extends mineralization at Atlas discovery

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-773: 21.6m of total composite mineralisation including 3.3m of 1.2% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS26-773Patterson Lake South (PLS) · uraniumGrade: 1.1Grade Unit: %Intercept: 4.5 mView all details
Link to this fact

Identity

Hole ID
PLS26-773
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
1.1
Grade Unit
%
Intercept
4.5 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
1.1
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A high-grade uranium intercept of 4.5m at 1.1% eU3O8 further extends mineralization at the Atlas discovery, reinforcing its potential.

Positive factors

  • High-grade uranium intercept
  • Extends mineralization at Atlas discovery

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“4.5m of 1.1% eU3O8”

Context: PLS26-773: 21.6m of total composite mineralisation including 3.3m of 1.2% eU3O8 and

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS26-782Patterson Lake South (PLS) · uraniumGrade: 0.7Grade Unit: %Intercept: 26.4 mView all details
Link to this fact

Identity

Hole ID
PLS26-782
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.7
Grade Unit
%
Intercept
26.4 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.7
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A significant high-grade uranium intercept of 26.4m at 0.7% eU3O8 extends mineralization at the Atlas discovery, indicating good continuity and potential for resource expansion.

Positive factors

  • High-grade uranium intercept
  • Significant intercept length
  • Extends mineralization at Atlas discovery

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-782: 42.1m of total composite mineralisation including 26.4m of 0.7% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS26-782Patterson Lake South (PLS) · uraniumGrade: 1.8Grade Unit: %Intercept: 12.5 mView all details
Link to this fact

Identity

Hole ID
PLS26-782
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
1.8
Grade Unit
%
Intercept
12.5 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
1.8
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A high-grade uranium intercept of 12.5m at 1.8% eU3O8 further extends mineralization at the Atlas discovery, indicating strong continuity and potential for resource expansion.

Positive factors

  • High-grade uranium intercept
  • Significant intercept length
  • Extends mineralization at Atlas discovery

Negative factors

  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“12.5m of 1.8% eU3O8”

Context: PLS26-782: 42.1m of total composite mineralisation including 26.4m of 0.7% eU3O8 and

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS26-757Patterson Lake South (PLS) · uraniumGrade: 1.2Grade Unit: %Intercept: 2.3 mView all details
Link to this fact

Identity

Hole ID
PLS26-757
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
1.2
Grade Unit
%
Intercept
2.3 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
1.2
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A high-grade uranium intercept of 2.3m at 1.2% eU3O8 represents new, open mineralization along trend from Atlas, indicating significant exploration upside despite its narrow width.

Positive factors

  • High-grade uranium intercept
  • New, open, high-grade mineralisation intersected 270m northeast along trend of Atlas

Negative factors

  • Narrow intercept length
  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-757: 2.3m of 1.2% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS25-693Patterson Lake South (PLS) · uraniumGrade: 0.1Grade Unit: %Intercept: 22.5 mView all details
Link to this fact

Identity

Hole ID
PLS25-693
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.1
Grade Unit
%
Intercept
22.5 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A significant intercept of 22.5m at 0.1% U3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit, though at a lower grade.

Positive factors

  • Significant intercept length
  • Mineralization continues to be intersected at Saloon East

Negative factors

  • Lower grade compared to other intercepts
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS25-693: 23.0m of total composite uranium mineralisation, including 22.5m of 0.1% U3O8”

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

PLS26-729Patterson Lake South (PLS) · uraniumGrade: 0.1Grade Unit: %Intercept: 8.7 mView all details
Link to this fact

Identity

Hole ID
PLS26-729
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.1
Grade Unit
%
Intercept
8.7 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A moderate-grade uranium intercept of 8.7m at 0.1% eU3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit.

Positive factors

  • Mineralization continues to be intersected at Saloon East

Negative factors

  • Lower grade compared to other intercepts
  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-729: 19.7m of total composite uranium mineralisation, including 8.7m of 0.1% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS26-719Patterson Lake South (PLS) · uraniumGrade: 0.1Grade Unit: %Intercept: 5.5 mView all details
Link to this fact

Identity

Hole ID
PLS26-719
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.1
Grade Unit
%
Intercept
5.5 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A moderate-grade uranium intercept of 5.5m at 0.1% eU3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit.

Positive factors

  • Mineralization continues to be intersected at Saloon East

Negative factors

  • Lower grade compared to other intercepts
  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-719: 14.0m of total composite uranium mineralisation, including 5.5m of 0.1% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

PLS26-727Patterson Lake South (PLS) · uraniumGrade: 0.1Grade Unit: %Intercept: 5.4 mView all details
Link to this fact

Identity

Hole ID
PLS26-727
Project
Patterson Lake South (PLS)
Commodity
uranium
Region
canada
Reported Region
canada
Ticker
PDN

Geometry

Grade
0.1
Grade Unit
%
Intercept
5.4 m

Classification

Program
exploration
Sample Type
drill

QA/QC

QP Signed
Yes
QA/QC Methods
standards

Deleterious

Deleterious Flag
No

Metal Equivalent

Metal Eq. Grade
0.1
Metal Eq. Unit
% eU3O8
Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: A moderate-grade uranium intercept of 5.4m at 0.1% eU3O8 indicates continued mineralization at Saloon East, contributing to the understanding of the deposit.

Positive factors

  • Mineralization continues to be intersected at Saloon East

Negative factors

  • Lower grade compared to other intercepts
  • Metal equivalent assumptions not disclosed
  • No specific QA/QC or compositing cut-off disclosed

Evidence · text

“PLS26-727: 8.1m of total composite uranium mineralisation, including 5.4m of 0.1% eU3O8”

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

Metal Equivalent Opaquenegative

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

Why it applies: an equivalent grade is reported without its assumptions

Resource Estimates (20)

measuredLanger Heinrich Mine · uraniumTonnes: 67600000Grade: 449Grade Unit: ppmContained Metal: 66.9Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:23e813ab55fdd570273f

Resource Data

Category
measured
Tonnes
67600000
Grade
449
Grade Unit
ppm
Contained Metal
66.9
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Measured uranium resource is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Measured category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“449”

Context: 67.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

measuredLanger Heinrich Mine · vanadiumTonnes: 67600000Grade: 145Grade Unit: ppmContained Metal: 21.7Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
vanadium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:23e813ab55fdd570273f

Resource Data

Category
measured
Tonnes
67600000
Grade
145
Grade Unit
ppm
Contained Metal
21.7
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Measured vanadium resource is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Measured category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“145”

Context: 67.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

measuredLanger Heinrich Mine · uraniumTonnes: 100000Grade: 485Grade Unit: ppmContained Metal: 0.1Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:c4be4d7662895a6dc806

Resource Data

Category
measured
Tonnes
100000
Grade
485
Grade Unit
ppm
Contained Metal
0.1
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Measured uranium resource from ROM stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Measured category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“485”

Context: 0.1

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

measuredLanger Heinrich Mine · vanadiumTonnes: 100000Grade: 157Grade Unit: ppmContained Metal: 0Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
vanadium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:c4be4d7662895a6dc806

Resource Data

Category
measured
Tonnes
100000
Grade
157
Grade Unit
ppm
Contained Metal
0
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Measured vanadium resource from ROM stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Measured category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“157”

Context: 0.1

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

measuredLanger Heinrich Mine · uraniumTonnes: 27300000Grade: 314Grade Unit: ppmContained Metal: 18.9Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:f862ad2beebe9609dc03

Resource Data

Category
measured
Tonnes
27300000
Grade
314
Grade Unit
ppm
Contained Metal
18.9
Contained Unit
mlb
Cutoff Grade
180
Cutoff Unit
ppm

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Measured uranium resource from LG stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Measured category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“314”

Context: 27.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

measuredLanger Heinrich Mine · vanadiumTonnes: 27300000Grade: 102Grade Unit: ppmContained Metal: 6.1Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
vanadium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:f862ad2beebe9609dc03

Resource Data

Category
measured
Tonnes
27300000
Grade
102
Grade Unit
ppm
Contained Metal
6.1
Contained Unit
mlb
Cutoff Grade
180
Cutoff Unit
ppm

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Measured vanadium resource from LG stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Measured category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“102”

Context: 27.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

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

indicatedLanger Heinrich Mine · uraniumTonnes: 23100000Grade: 375Grade Unit: ppmContained Metal: 19.1Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:9a72669a1c46599697df

Resource Data

Category
indicated
Tonnes
23100000
Grade
375
Grade Unit
ppm
Contained Metal
19.1
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Indicated uranium resource is a good confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • Good confidence Indicated category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“375”

Context: 23.1

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

indicatedLanger Heinrich Mine · vanadiumTonnes: 23100000Grade: 122Grade Unit: ppmContained Metal: 6.2Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
vanadium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:9a72669a1c46599697df

Resource Data

Category
indicated
Tonnes
23100000
Grade
122
Grade Unit
ppm
Contained Metal
6.2
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Indicated vanadium resource is a good confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • Good confidence Indicated category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“122”

Context: 23.1

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

inferredLanger Heinrich Mine · uraniumTonnes: 11000000Grade: 347Grade Unit: ppmContained Metal: 8.4Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:3c988913aefdd3cfb781

Resource Data

Category
inferred
Tonnes
11000000
Grade
347
Grade Unit
ppm
Contained Metal
8.4
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Inferred uranium resource is a lower confidence estimate, compliant with JORC Code, and changes reflect ongoing mining rather than new additions.

Positive factors

  • JORC Code (2012) compliant

Negative factors

  • Lower confidence Inferred category
  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“347”

Context: 11.0

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

inferredLanger Heinrich Mine · vanadiumTonnes: 11000000Grade: 112Grade Unit: ppmContained Metal: 2.7Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
vanadium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:3c988913aefdd3cfb781

Resource Data

Category
inferred
Tonnes
11000000
Grade
112
Grade Unit
ppm
Contained Metal
2.7
Contained Unit
mlb
Cutoff Grade
200
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Inferred vanadium resource is a lower confidence estimate, compliant with JORC Code, and changes reflect ongoing mining rather than new additions.

Positive factors

  • JORC Code (2012) compliant

Negative factors

  • Lower confidence Inferred category
  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“112”

Context: 11.0

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

provenLanger Heinrich Mine · uraniumTonnes: 39200000Grade: 490Grade Unit: ppmContained Metal: 42.4Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:f98add94fded1ef569a7

Resource Data

Category
proven
Tonnes
39200000
Grade
490
Grade Unit
ppm
Contained Metal
42.4
Contained Unit
mlb
Cutoff Grade
250
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Proved uranium reserve is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Proved category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“490”

Context: 39.2

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

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

probableLanger Heinrich Mine · uraniumTonnes: 10400000Grade: 451Grade Unit: ppmContained Metal: 10.3Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:9b0d2c9571ff4242f1b6

Resource Data

Category
probable
Tonnes
10400000
Grade
451
Grade Unit
ppm
Contained Metal
10.3
Contained Unit
mlb
Cutoff Grade
250
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Probable uranium reserve is a good confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • Good confidence Probable category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“451”

Context: 10.4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

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

provenLanger Heinrich Mine · uraniumTonnes: 24700000Grade: 326Grade Unit: ppmContained Metal: 17.7Contained Unit: mlbView all details
Link to this fact

Identity

Project
Langer Heinrich Mine
Commodity
uranium
Region
namibia
Reported Region
Namibia
Ticker
PDN

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
David Varcoe, Andrew Fitzpatrick
Resource group id
resource:7d4d4f9e58c2dc26660e

Resource Data

Category
proven
Tonnes
24700000
Grade
326
Grade Unit
ppm
Contained Metal
17.7
Contained Unit
mlb
Cutoff Grade
250
Cutoff Unit
ppm U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Proved uranium reserve from stockpiles is a high-confidence estimate, compliant with JORC Code, but changes reflect ongoing mining rather than new additions.

Positive factors

  • High confidence Proved category
  • JORC Code (2012) compliant

Negative factors

  • Changes due to ongoing mining and processing activities, not new discovery

Evidence · table

“326”

Context: 24.7

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

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

indicatedPatterson Lake South (PLS) Project · uraniumTonnes: 2900000Grade: 1.88Grade Unit: %Contained Metal: 118.8Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Patterson Lake South (PLS) Project
Commodity
uranium
Region
canada
Reported Region
Canada
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Kanan Sarioglu, Gary Haywood
Resource group id
resource:da2a0658da127b25109f
Deposit or zone
Triple R

Resource Data

Category
indicated
Tonnes
2900000
Grade
1.88
Grade Unit
%
Contained Metal
118.8
Contained Unit
mlb
Cutoff Grade
0.25
Cutoff Unit
% U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-08-20T00:00:00.000Z

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Indicated uranium resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence.

Positive factors

  • Good confidence Indicated category
  • JORC Code (2012) compliant

Negative factors

  • Re-reported with no material change, indicating low novelty

Evidence · table

“1.88”

Context: 2.9

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

indicatedPatterson Lake South (PLS) Project · goldTonnes: 2900000Grade: 0.59Grade Unit: g/tContained Metal: 54.4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Patterson Lake South (PLS) Project
Commodity
gold
Region
canada
Reported Region
Canada
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Kanan Sarioglu, Gary Haywood
Resource group id
resource:da2a0658da127b25109f
Deposit or zone
Triple R

Resource Data

Category
indicated
Tonnes
2900000
Grade
0.59
Grade Unit
g/t
Contained Metal
54.4
Contained Unit
koz
Cutoff Grade
0.25
Cutoff Unit
% U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-08-20T00:00:00.000Z

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Indicated gold resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence.

Positive factors

  • Good confidence Indicated category
  • JORC Code (2012) compliant

Negative factors

  • Re-reported with no material change, indicating low novelty

Evidence · table

“0.59”

Context: 2.9

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

inferredPatterson Lake South (PLS) Project · uraniumTonnes: 400000Grade: 1.19Grade Unit: %Contained Metal: 10.9Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Patterson Lake South (PLS) Project
Commodity
uranium
Region
canada
Reported Region
Canada
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Kanan Sarioglu, Gary Haywood
Resource group id
resource:5741d66797e3ee988ef6
Deposit or zone
Triple R

Resource Data

Category
inferred
Tonnes
400000
Grade
1.19
Grade Unit
%
Contained Metal
10.9
Contained Unit
mlb
Cutoff Grade
0.25
Cutoff Unit
% U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-08-20T00:00:00.000Z

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Inferred uranium resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty and lower confidence.

Positive factors

  • JORC Code (2012) compliant

Negative factors

  • Lower confidence Inferred category
  • Re-reported with no material change, indicating low novelty

Evidence · table

“1.19”

Context: 0.4

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

inferredPatterson Lake South (PLS) Project · goldTonnes: 400000Grade: 0.46Grade Unit: g/tContained Metal: 6.1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Patterson Lake South (PLS) Project
Commodity
gold
Region
canada
Reported Region
Canada
Ticker
PDN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Kanan Sarioglu, Gary Haywood
Resource group id
resource:5741d66797e3ee988ef6
Deposit or zone
Triple R

Resource Data

Category
inferred
Tonnes
400000
Grade
0.46
Grade Unit
g/t
Contained Metal
6.1
Contained Unit
koz
Cutoff Grade
0.25
Cutoff Unit
% U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-08-20T00:00:00.000Z

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Inferred gold resource for Triple R is a re-reported estimate for JORC compliance with no material change, thus having low novelty and lower confidence.

Positive factors

  • JORC Code (2012) compliant

Negative factors

  • Lower confidence Inferred category
  • Re-reported with no material change, indicating low novelty

Evidence · table

“0.46”

Context: 0.4

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

probablePatterson Lake South (PLS) Project · uraniumTonnes: 2600000Grade: 1.46Grade Unit: %Contained Metal: 84.8Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Patterson Lake South (PLS) Project
Commodity
uranium
Region
canada
Reported Region
Canada
Ticker
PDN

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Kanan Sarioglu, Gary Haywood
Resource group id
resource:d96aa3bdb0f3041fc93c
Deposit or zone
R780E Zone

Resource Data

Category
probable
Tonnes
2600000
Grade
1.46
Grade Unit
%
Contained Metal
84.8
Contained Unit
mlb
Cutoff Grade
0.25
Cutoff Unit
% U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-08-20T00:00:00.000Z

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Probable uranium reserve for the R780E Zone is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence.

Positive factors

  • Good confidence Probable category
  • JORC Code (2012) compliant

Negative factors

  • Re-reported with no material change, indicating low novelty

Evidence · table

“1.46”

Context: 2.6

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

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

probablePatterson Lake South (PLS) Project · uraniumTonnes: 100000Grade: 1.24Grade Unit: %Contained Metal: 1.5Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Patterson Lake South (PLS) Project
Commodity
uranium
Region
canada
Reported Region
Canada
Ticker
PDN

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Kanan Sarioglu, Gary Haywood
Resource group id
resource:e3783a593b5df5bd02f9
Deposit or zone
R00E Zone

Resource Data

Category
probable
Tonnes
100000
Grade
1.24
Grade Unit
%
Contained Metal
1.5
Contained Unit
mlb
Cutoff Grade
0.25
Cutoff Unit
% U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-08-20T00:00:00.000Z

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Probable uranium reserve for the R00E Zone is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence.

Positive factors

  • Good confidence Probable category
  • JORC Code (2012) compliant

Negative factors

  • Re-reported with no material change, indicating low novelty

Evidence · table

“1.24”

Context: 0.1

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

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

probablePatterson Lake South (PLS) Project · uraniumTonnes: 300000Grade: 1.04Grade Unit: %Contained Metal: 7.4Contained Unit: mlbHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Patterson Lake South (PLS) Project
Commodity
uranium
Region
canada
Reported Region
Canada
Ticker
PDN

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Kanan Sarioglu, Gary Haywood
Resource group id
resource:14c8dc1328d57ddaaf99
Deposit or zone
R840W Zone

Resource Data

Category
probable
Tonnes
300000
Grade
1.04
Grade Unit
%
Contained Metal
7.4
Contained Unit
mlb
Cutoff Grade
0.25
Cutoff Unit
% U3O8

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2026-08-20T00:00:00.000Z

Dates

Event date
2026-10-13T00:00:00.000Z

Reasoning: The Probable uranium reserve for the R840W Zone is a re-reported estimate for JORC compliance with no material change, thus having low novelty but maintaining good confidence.

Positive factors

  • Good confidence Probable category
  • JORC Code (2012) compliant

Negative factors

  • Re-reported with no material change, indicating low novelty

Evidence · table

“1.04”

Context: 0.3

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

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

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.