PHO: DOH and Sekarna drilling hits more mineralisation

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

Nearology Playneutral

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

Why it applies: proximity is offered as the value premise: "PhosCo Ltd | Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC, 3000 | ABN 82 139 255 771 T: +61 3 9692 7222 | E: inf"

Stale Data Re-releaseRejected · negative

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

Reason: This intercept is explicitly stated as previously reported on June 3, 2026.

Apparent Width OnlyRejected · negative

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Reason: The document states that drill holes are vertical and mineralisation dips, meaning reported intercept widths will be exaggerated.

Cut-off UndisclosedRejected · negative

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

Reason: The document does not disclose the cut-off grade used for compositing this interval.