PLS: Pilgangoora Ore Reserve increases 31% in contained lithium

Original announcement by asx on

Company
PLS Group Limited
Ticker
PLS
Exchange
ASX
Region
Unavailable
Primary commodity
Lithium
Secondary commodities
Tantalum, Iron ore
Document categories
Resource update, Drill results
Extracted
2026-10-15 22:36:57 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

PLS Group Limited announced a significant 31% increase in contained lithium in its Pilgangoora Ore Reserve, now totaling 249.2 Mt at 1.24% Li2O, following the completion of the P2000 Feasibility Study and a maiden Underground Ore Reserve of 46.5 Mt at 1.50% Li2O. The updated Mineral Resource stands at 403 Mt at 1.33% Li2O, with an 8% reduction in tonnage due to a revised economic extraction assessment but a higher average grade. These updates reinforce the project's long-term production base and support the P2000 expansion.

Reasoning: PLS Group Limited announced a substantial 31% increase in contained lithium in its Pilgangoora Ore Reserve, including a maiden underground reserve, and an updated Mineral Resource with a higher average grade. These updates strengthen the project's long-term production outlook and support the P2000 expansion plans, despite a slight reduction in overall Mineral Resource tonnage due to revised economic extraction parameters.

Positive factors

  • Significant increase in contained lithium in Ore Reserve (31%)
  • Maiden Underground Ore Reserve (46.5Mt at 1.50% Li2O)
  • Expanded Ore Reserve supports ~20-year operating horizon
  • Updated Mineral Resource with higher average grade
  • JORC 2012 compliant estimates
  • P2000 Feasibility Study and FID completed, supporting expansion
  • Improved metallurgical understanding and processing capability
  • Exploration results confirm continuity and potential for further expansion

Negative factors

  • Mineral Resource tonnage decreased (8%) due to RPEEE reassessment
  • Fe2O3 is a deleterious element requiring adjustment
  • Some approvals for expanded operations are still pending

Facts used in scoring: 108

Extracted facts

Stored fact records: 108. Some facts used in scoring do not have a stored record.

Drill Results (51)

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.18Grade Unit: %Intercept: 4.8 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.18
Grade Unit
%
Intercept
4.8 m
From
345.1 m
To
349.9 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:345.1-349.9

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.18”

Context: 4.8

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 663Grade Unit: ppmIntercept: 4.8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
663
Grade Unit
ppm
Intercept
4.8 m
From
345.1 m
To
349.9 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:345.1-349.9

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“663”

Context: 4.8

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.8Grade Unit: %Intercept: 1.3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.8
Grade Unit
%
Intercept
1.3 m
From
391.6 m
To
393 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:391.6-393

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.80”

Context: 1.3

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 142Grade Unit: ppmIntercept: 1.3 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
142
Grade Unit
ppm
Intercept
1.3 m
From
391.6 m
To
393 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:391.6-393

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“142”

Context: 1.3

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.08Grade Unit: %Intercept: 1.7 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.08
Grade Unit
%
Intercept
1.7 m
From
455.1 m
To
456.8 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:455.1-456.8

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.08”

Context: 1.7

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 219Grade Unit: ppmIntercept: 1.7 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
219
Grade Unit
ppm
Intercept
1.7 m
From
455.1 m
To
456.8 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:455.1-456.8

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“219”

Context: 1.7

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.78Grade Unit: %Intercept: 3.1 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.78
Grade Unit
%
Intercept
3.1 m
From
519 m
To
522.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:519-522.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.78”

Context: 3.1

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 225Grade Unit: ppmIntercept: 3.1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
225
Grade Unit
ppm
Intercept
3.1 m
From
519 m
To
522.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:519-522.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“225”

Context: 3.1

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 0.6Grade Unit: %Intercept: 2.1 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
0.6
Grade Unit
%
Intercept
2.1 m
From
533.2 m
To
535.3 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:533.2-535.3

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“0.60”

Context: 2.1

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 127Grade Unit: ppmIntercept: 2.1 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
127
Grade Unit
ppm
Intercept
2.1 m
From
533.2 m
To
535.3 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:533.2-535.3

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“127”

Context: 2.1

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.36Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.36
Grade Unit
%
Intercept
6 m
From
540.2 m
To
546.2 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:540.2-546.2

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.36”

Context: 6.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 294Grade Unit: ppmIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
294
Grade Unit
ppm
Intercept
6 m
From
540.2 m
To
546.2 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:540.2-546.2

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“294”

Context: 6.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.03Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.03
Grade Unit
%
Intercept
4 m
From
565.5 m
To
569.5 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:565.5-569.5

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.03”

Context: 4.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 196Grade Unit: ppmIntercept: 4 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
196
Grade Unit
ppm
Intercept
4 m
From
565.5 m
To
569.5 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:565.5-569.5

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“196”

Context: 4.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 0.8Grade Unit: %Intercept: 5.2 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
0.8
Grade Unit
%
Intercept
5.2 m
From
576.9 m
To
582 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:576.9-582

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“0.80”

Context: 5.2

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 331Grade Unit: ppmIntercept: 5.2 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
331
Grade Unit
ppm
Intercept
5.2 m
From
576.9 m
To
582 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:576.9-582

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“331”

Context: 5.2

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.93Grade Unit: %Intercept: 4.3 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.93
Grade Unit
%
Intercept
4.3 m
From
631.8 m
To
636.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:631.8-636.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.93”

Context: 4.3

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 303Grade Unit: ppmIntercept: 4.3 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
303
Grade Unit
ppm
Intercept
4.3 m
From
631.8 m
To
636.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:631.8-636.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“303”

Context: 4.3

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.51Grade Unit: %Intercept: 3.9 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.51
Grade Unit
%
Intercept
3.9 m
From
650.9 m
To
654.8 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:650.9-654.8

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.51”

Context: 3.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 254Grade Unit: ppmIntercept: 3.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
254
Grade Unit
ppm
Intercept
3.9 m
From
650.9 m
To
654.8 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:650.9-654.8

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“254”

Context: 3.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 2.62Grade Unit: %Intercept: 6.2 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
2.62
Grade Unit
%
Intercept
6.2 m
From
666.2 m
To
672.4 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:666.2-672.4

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“2.62”

Context: 6.2

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 98Grade Unit: ppmIntercept: 6.2 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
98
Grade Unit
ppm
Intercept
6.2 m
From
666.2 m
To
672.4 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:666.2-672.4

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“98”

Context: 6.2

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.52Grade Unit: %Intercept: 1.9 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.52
Grade Unit
%
Intercept
1.9 m
From
685.2 m
To
687.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:685.2-687.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.52”

Context: 1.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 170Grade Unit: ppmIntercept: 1.9 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
170
Grade Unit
ppm
Intercept
1.9 m
From
685.2 m
To
687.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:685.2-687.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“170”

Context: 1.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.81Grade Unit: %Intercept: 4.9 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.81
Grade Unit
%
Intercept
4.9 m
From
695.7 m
To
700.6 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:695.7-700.6

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.81”

Context: 4.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 156Grade Unit: ppmIntercept: 4.9 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
156
Grade Unit
ppm
Intercept
4.9 m
From
695.7 m
To
700.6 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:695.7-700.6

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“156”

Context: 4.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.22Grade Unit: %Intercept: 2.2 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.22
Grade Unit
%
Intercept
2.2 m
From
704.2 m
To
706.4 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:704.2-706.4

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.22”

Context: 2.2

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 104Grade Unit: ppmIntercept: 2.2 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
104
Grade Unit
ppm
Intercept
2.2 m
From
704.2 m
To
706.4 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:704.2-706.4

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“104”

Context: 2.2

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.58Grade Unit: %Intercept: 15.4 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.58
Grade Unit
%
Intercept
15.4 m
From
712.2 m
To
727.6 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:712.2-727.6

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.58”

Context: 15.4

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 195Grade Unit: ppmIntercept: 15.4 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
195
Grade Unit
ppm
Intercept
15.4 m
From
712.2 m
To
727.6 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:712.2-727.6

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“195”

Context: 15.4

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.78Grade Unit: %Intercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.78
Grade Unit
%
Intercept
1.4 m
From
746.9 m
To
748.2 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:746.9-748.2

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.78”

Context: 1.4

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 98Grade Unit: ppmIntercept: 1.4 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
98
Grade Unit
ppm
Intercept
1.4 m
From
746.9 m
To
748.2 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:746.9-748.2

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“98”

Context: 1.4

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 2.16Grade Unit: %Intercept: 8.6 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
2.16
Grade Unit
%
Intercept
8.6 m
From
767.8 m
To
776.4 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:767.8-776.4

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“2.16”

Context: 8.6

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 272Grade Unit: ppmIntercept: 8.6 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
272
Grade Unit
ppm
Intercept
8.6 m
From
767.8 m
To
776.4 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:767.8-776.4

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“272”

Context: 8.6

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 2.09Grade Unit: %Intercept: 3.9 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
2.09
Grade Unit
%
Intercept
3.9 m
From
779.6 m
To
783.5 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:779.6-783.5

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“2.09”

Context: 3.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 142Grade Unit: ppmIntercept: 3.9 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
142
Grade Unit
ppm
Intercept
3.9 m
From
779.6 m
To
783.5 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:779.6-783.5

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“142”

Context: 3.9

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.61Grade Unit: %Intercept: 9.8 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.61
Grade Unit
%
Intercept
9.8 m
From
807.2 m
To
817 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:807.2-817

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.61”

Context: 9.8

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 165Grade Unit: ppmIntercept: 9.8 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
165
Grade Unit
ppm
Intercept
9.8 m
From
807.2 m
To
817 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:807.2-817

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“165”

Context: 9.8

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.84Grade Unit: %Intercept: 6.4 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.84
Grade Unit
%
Intercept
6.4 m
From
825.5 m
To
831.9 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:825.5-831.9

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.84”

Context: 6.4

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 84Grade Unit: ppmIntercept: 6.4 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
84
Grade Unit
ppm
Intercept
6.4 m
From
825.5 m
To
831.9 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:825.5-831.9

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“84”

Context: 6.4

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · lithiumGrade: 1.86Grade Unit: %Intercept: 6.7 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.86
Grade Unit
%
Intercept
6.7 m
From
866.4 m
To
873.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:866.4-873.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.86”

Context: 6.7

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS002Pilgangoora Operation · tantalumGrade: 160Grade Unit: ppmIntercept: 6.7 mView all details
Link to this fact

Identity

Hole ID
PLSEIS002
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
160
Grade Unit
ppm
Intercept
6.7 m
From
866.4 m
To
873.1 m
Hole Depth
900.9 m
Intercept Depth
345.1 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS002:866.4-873.1

Location

Easting
699159
Northing
7672841
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
SGS Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS002, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“160”

Context: 6.7

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · lithiumGrade: 1.54Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.54
Grade Unit
%
Intercept
1 m
From
392.2 m
To
393.2 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:392.2-393.2

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.54”

Context: 1.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · tantalumGrade: 369Grade Unit: ppmIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
369
Grade Unit
ppm
Intercept
1 m
From
392.2 m
To
393.2 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:392.2-393.2

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“369”

Context: 1.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · lithiumGrade: 0.67Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
0.67
Grade Unit
%
Intercept
1 m
From
404 m
To
405 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:404-405

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“0.67”

Context: 1.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · tantalumGrade: 290Grade Unit: ppmIntercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
290
Grade Unit
ppm
Intercept
1 m
From
404 m
To
405 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:404-405

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“290”

Context: 1.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · lithiumGrade: 1.47Grade Unit: %Intercept: 2.5 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
1.47
Grade Unit
%
Intercept
2.5 m
From
412.4 m
To
414.9 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:412.4-414.9

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“1.47”

Context: 2.5

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · tantalumGrade: 163Grade Unit: ppmIntercept: 2.5 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
163
Grade Unit
ppm
Intercept
2.5 m
From
412.4 m
To
414.9 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:412.4-414.9

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“163”

Context: 2.5

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · lithiumGrade: 2.2Grade Unit: %Intercept: 9.5 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
2.2
Grade Unit
%
Intercept
9.5 m
From
553.6 m
To
563.2 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:553.6-563.2

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“2.20”

Context: 9.5

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · tantalumGrade: 98Grade Unit: ppmIntercept: 9.5 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
98
Grade Unit
ppm
Intercept
9.5 m
From
553.6 m
To
563.2 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:553.6-563.2

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for tantalum in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“98”

Context: 9.5

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

PLSEIS003Pilgangoora Operation · lithiumGrade: 0.8Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
PLSEIS003
Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
australia_wa
Ticker
PLS

Geometry

Grade
0.8
Grade Unit
%
Intercept
1 m
From
566 m
To
567 m
Hole Depth
913.1 m
Intercept Depth
392.2 m

Classification

Deposit Type
other
Program
exploration
Sample Type
drill
Group ID
PLSEIS003:566-567

Location

Easting
699297
Northing
7673661
Loc. Confidence
high
Loc. Source
document

QA/QC

Laboratory
Nagrom Perth
QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates, umpire

Deleterious

Deleterious Flag
Yes
Deleterious Elements
iron

Compositing

Cutoff Grade
0.5
Cutoff Unit
%
Dilution Disclosed
Yes
Max Dilution
2 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: New drill intercept for lithium in PLSEIS003, contributing to exploration results.

Positive factors

  • QA/QC Disclosed

Evidence · table

“0.80”

Context: 1.0

Tags used in scoring

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

Deleterious Elements Presentnegative

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

Why it applies: deleterious_flag is true

Resource Estimates (57)

provenPilgangoora Operation · lithiumTonnes: 13200000Grade: 1.24Grade Unit: %Contained Metal: 0.2Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:30882dc70f8f329e1136
Deposit or zone
Open Pit In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
13200000
Grade
1.24
Grade Unit
%
Contained Metal
0.2
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Proved Ore Reserve for open pit lithium is a high-confidence category, indicating well-established economic viability.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.24”

Context: 13.2

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · tantalumTonnes: 13200000Grade: 98Grade Unit: ppmContained Metal: 3Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:30882dc70f8f329e1136
Deposit or zone
Open Pit In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
13200000
Grade
98
Grade Unit
ppm
Contained Metal
3
Contained Unit
m lb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Proved Ore Reserve for open pit tantalum, while a byproduct, adds to the overall economic viability and confidence.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“98”

Context: 13.2

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · iron_oreTonnes: 13200000Grade: 1Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:30882dc70f8f329e1136
Deposit or zone
Open Pit In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
13200000
Grade
1
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Proved Ore Reserve for open pit iron, noted as a deleterious element, is important for processing considerations.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“1.00”

Context: 13.2

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · lithiumTonnes: 181000000Grade: 1.18Grade Unit: %Contained Metal: 2.1Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:17a5e586b98817d28e53
Deposit or zone
Open Pit In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
181000000
Grade
1.18
Grade Unit
%
Contained Metal
2.1
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Probable Ore Reserve for open pit lithium represents a significant portion of the reserve, supporting long-term operations.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.18”

Context: 181.0

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · tantalumTonnes: 181000000Grade: 103Grade Unit: ppmContained Metal: 41Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:17a5e586b98817d28e53
Deposit or zone
Open Pit In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
181000000
Grade
103
Grade Unit
ppm
Contained Metal
41
Contained Unit
m lb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Probable Ore Reserve for open pit tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Evidence · table

“103”

Context: 181.0

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · iron_oreTonnes: 181000000Grade: 1.23Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:17a5e586b98817d28e53
Deposit or zone
Open Pit In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
181000000
Grade
1.23
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Probable Ore Reserve for open pit iron, as a deleterious element, requires management during processing.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“1.23”

Context: 181.0

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · lithiumTonnes: 46500000Grade: 1.5Grade Unit: %Contained Metal: 0.7Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:dfbff6d7949600e388f0
Deposit or zone
Underground In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
46500000
Grade
1.5
Grade Unit
%
Contained Metal
0.7
Contained Unit
mt
Cutoff Grade
1.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Maiden Probable Underground Ore Reserve for lithium is a significant new high-grade inventory, adding substantial value and longevity to the project.

Positive factors

  • Maiden Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.50”

Context: 46.5

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · tantalumTonnes: 46500000Grade: 135Grade Unit: ppmContained Metal: 14Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:dfbff6d7949600e388f0
Deposit or zone
Underground In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
46500000
Grade
135
Grade Unit
ppm
Contained Metal
14
Contained Unit
m lb
Cutoff Grade
1.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Maiden Probable Underground Ore Reserve for tantalum, as a byproduct, enhances the value of the new underground inventory.

Positive factors

  • Maiden Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“135”

Context: 46.5

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · iron_oreTonnes: 46500000Grade: 0.72Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:dfbff6d7949600e388f0
Deposit or zone
Underground In-situ
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
46500000
Grade
0.72
Grade Unit
%
Cutoff Grade
1.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Probable Underground Ore Reserve for iron, as a deleterious element, needs to be managed in the new underground operation.

Positive factors

  • Maiden Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.72”

Context: 46.5

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · lithiumTonnes: 1600000Grade: 1.17Grade Unit: %Contained Metal: 0Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:67f71b6504e1b27e765e
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
1600000
Grade
1.17
Grade Unit
%
Contained Metal
0
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Proved Ore Reserve for stockpiled lithium provides a high-confidence, readily available source of material.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.17”

Context: 1.6

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · tantalumTonnes: 1600000Grade: 109Grade Unit: ppmContained Metal: 0Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:67f71b6504e1b27e765e
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
1600000
Grade
109
Grade Unit
ppm
Contained Metal
0
Contained Unit
m lb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Proved Ore Reserve for stockpiled tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“109”

Context: 1.6

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · iron_oreTonnes: 1600000Grade: 0.87Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:67f71b6504e1b27e765e
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
1600000
Grade
0.87
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Proved Ore Reserve for stockpiled iron, as a deleterious element, requires management during processing.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.87”

Context: 1.6

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · lithiumTonnes: 6900000Grade: 1.18Grade Unit: %Contained Metal: 0.1Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:5ae916a309502c06663b
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
6900000
Grade
1.18
Grade Unit
%
Contained Metal
0.1
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Probable Ore Reserve for stockpiled lithium provides additional material for processing.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.18”

Context: 6.9

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · tantalumTonnes: 6900000Grade: 112Grade Unit: ppmContained Metal: 2Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:5ae916a309502c06663b
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
6900000
Grade
112
Grade Unit
ppm
Contained Metal
2
Contained Unit
m lb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Probable Ore Reserve for stockpiled tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Evidence · table

“112”

Context: 6.9

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · iron_oreTonnes: 6900000Grade: 2.06Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:5ae916a309502c06663b
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
6900000
Grade
2.06
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Probable Ore Reserve for stockpiled iron, as a deleterious element, requires management during processing.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“2.06”

Context: 6.9

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · lithiumTonnes: 14800000Grade: 1.23Grade Unit: %Contained Metal: 0.2Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:5d9d9b05517f7d25fa42
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
14800000
Grade
1.23
Grade Unit
%
Contained Metal
0.2
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Proved Ore Reserve for lithium provides a high-confidence base for the project.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.23”

Context: 14.8

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · tantalumTonnes: 14800000Grade: 99Grade Unit: ppmContained Metal: 3Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:5d9d9b05517f7d25fa42
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
14800000
Grade
99
Grade Unit
ppm
Contained Metal
3
Contained Unit
m lb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Proved Ore Reserve for tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“99”

Context: 14.8

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

provenPilgangoora Operation · iron_oreTonnes: 14800000Grade: 0.99Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:5d9d9b05517f7d25fa42
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
proven
Tonnes
14800000
Grade
0.99
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Proved Ore Reserve for iron, as a deleterious element, requires management during processing.

Positive factors

  • Category Upgrade
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.99”

Context: 14.8

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · lithiumTonnes: 234400000Grade: 1.24Grade Unit: %Contained Metal: 2.9Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:cfa2b35365808c06a30d
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
234400000
Grade
1.24
Grade Unit
%
Contained Metal
2.9
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Probable Ore Reserve for lithium represents a substantial portion of the project's long-term production.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.24”

Context: 234.4

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · tantalumTonnes: 234400000Grade: 109Grade Unit: ppmContained Metal: 56Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:cfa2b35365808c06a30d
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
234400000
Grade
109
Grade Unit
ppm
Contained Metal
56
Contained Unit
m lb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Probable Ore Reserve for tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Evidence · table

“109”

Context: 234.4

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

probablePilgangoora Operation · iron_oreTonnes: 234400000Grade: 1.16Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:cfa2b35365808c06a30d
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
probable
Tonnes
234400000
Grade
1.16
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Probable Ore Reserve for iron, as a deleterious element, requires management during processing.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“1.16”

Context: 234.4

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

PilgangooraPilgangoora Operation · lithiumTonnes: 249200000Grade: 1.24Grade Unit: %Contained Metal: 3.1Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:1ce85eaf595281429220
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Tonnes
249200000
Grade
1.24
Grade Unit
%
Contained Metal
3.1
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30
Prior Tonnes
202700000
Prior Grade
1.16
Prior Contained Metal
2.4

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: The total Ore Reserve for lithium shows a significant increase in contained metal (31%) and tonnage, strengthening the project's long-term outlook.

Positive factors

  • Tonnage Growth
  • Grade Improvement
  • Contained Metal Growth
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.24”

Context: 249.2

Tags used in scoring

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

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 249200000 against 202700000 previously

Grade Improvementpositive

Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 1.24 against 1.16 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 3.1 against 2.4 previously

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

PilgangooraPilgangoora Operation · tantalumTonnes: 249200000Grade: 109Grade Unit: ppmContained Metal: 60Contained Unit: m lbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:1ce85eaf595281429220
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Tonnes
249200000
Grade
109
Grade Unit
ppm
Contained Metal
60
Contained Unit
m lb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30
Prior Tonnes
202700000
Prior Grade
101
Prior Contained Metal
45

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: The total Ore Reserve for tantalum shows a significant increase in contained metal and tonnage, enhancing the project's byproduct value.

Positive factors

  • Tonnage Growth
  • Grade Improvement
  • Contained Metal Growth
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“109”

Context: 249.2

Tags used in scoring

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

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 249200000 against 202700000 previously

Grade Improvementpositive

Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 109 against 101 previously

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 60 against 45 previously

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

PilgangooraPilgangoora Operation · iron_oreTonnes: 249200000Grade: 1.15Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
reserve
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Ross Jaine, Simon Kusabs
Resource group id
resource:1ce85eaf595281429220
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Tonnes
249200000
Grade
1.15
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30
Prior Tonnes
202700000
Prior Grade
1.13

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: The total Ore Reserve for iron, as a deleterious element, requires management during processing, with a slight increase in grade.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“1.15”

Context: 249.2

Tags used in scoring

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: 249200000 against 202700000 previously

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · lithiumTonnes: 14000000Grade: 1.29Grade Unit: %Contained Metal: 0.2Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:9de659989ee931e7c9a1
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
14000000
Grade
1.29
Grade Unit
%
Contained Metal
0.2
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Measured Mineral Resource for open pit lithium provides a high-confidence base for future planning.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.29”

Context: 14

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · tantalumTonnes: 14000000Grade: 104Grade Unit: ppmContained Metal: 3Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:9de659989ee931e7c9a1
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
14000000
Grade
104
Grade Unit
ppm
Contained Metal
3
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Measured Mineral Resource for open pit tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“104”

Context: 14

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · iron_oreTonnes: 14000000Grade: 0.42Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:9de659989ee931e7c9a1
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
14000000
Grade
0.42
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Measured Mineral Resource for open pit iron, as a deleterious element, requires management during processing.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.42”

Context: 14

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · lithiumTonnes: 186000000Grade: 1.24Grade Unit: %Contained Metal: 2.3Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:a535529a35c00331e8dc
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
186000000
Grade
1.24
Grade Unit
%
Contained Metal
2.3
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Indicated Mineral Resource for open pit lithium provides a strong foundation for future economic studies.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.24”

Context: 186

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · tantalumTonnes: 186000000Grade: 109Grade Unit: ppmContained Metal: 45Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:a535529a35c00331e8dc
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
186000000
Grade
109
Grade Unit
ppm
Contained Metal
45
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Indicated Mineral Resource for open pit tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“109”

Context: 186

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · iron_oreTonnes: 186000000Grade: 0.52Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:a535529a35c00331e8dc
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
186000000
Grade
0.52
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Indicated Mineral Resource for open pit iron, as a deleterious element, requires management during processing.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.52”

Context: 186

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · lithiumTonnes: 11000000Grade: 1.19Grade Unit: %Contained Metal: 0.1Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:3a4dcb21922d821a651d
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11000000
Grade
1.19
Grade Unit
%
Contained Metal
0.1
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Inferred Mineral Resource for open pit lithium provides exploration upside but with lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“1.19”

Context: 11

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · tantalumTonnes: 11000000Grade: 89Grade Unit: ppmContained Metal: 2Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:3a4dcb21922d821a651d
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11000000
Grade
89
Grade Unit
ppm
Contained Metal
2
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Inferred Mineral Resource for open pit tantalum, as a byproduct, provides exploration upside but with lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“89”

Context: 11

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · iron_oreTonnes: 11000000Grade: 0.65Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:3a4dcb21922d821a651d
Deposit or zone
Open Pit
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
11000000
Grade
0.65
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Inferred Mineral Resource for open pit iron, as a deleterious element, requires management during processing.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Deleterious Elements Present

Evidence · table

“0.65”

Context: 11

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · lithiumTonnes: 131000000Grade: 1.45Grade Unit: %Contained Metal: 1.9Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:de3218bd2830d8ba5260
Deposit or zone
Underground
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
131000000
Grade
1.45
Grade Unit
%
Contained Metal
1.9
Contained Unit
mt
Cutoff Grade
0.7
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Maiden Indicated Mineral Resource for underground lithium represents a significant new high-grade inventory, adding substantial value and longevity to the project.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.45”

Context: 131

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · tantalumTonnes: 131000000Grade: 135Grade Unit: ppmContained Metal: 39Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:de3218bd2830d8ba5260
Deposit or zone
Underground
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
131000000
Grade
135
Grade Unit
ppm
Contained Metal
39
Contained Unit
mlb
Cutoff Grade
0.7
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Maiden Indicated Mineral Resource for underground tantalum, as a byproduct, enhances the value of the new underground inventory.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“135”

Context: 131

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · iron_oreTonnes: 131000000Grade: 0.51Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:de3218bd2830d8ba5260
Deposit or zone
Underground
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
131000000
Grade
0.51
Grade Unit
%
Cutoff Grade
0.7
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Indicated Mineral Resource for underground iron, as a deleterious element, requires management during processing.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.51”

Context: 131

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · lithiumTonnes: 51000000Grade: 1.41Grade Unit: %Contained Metal: 0.7Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:919baad0fef9f32cba78
Deposit or zone
Underground
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
51000000
Grade
1.41
Grade Unit
%
Contained Metal
0.7
Contained Unit
mt
Cutoff Grade
0.7
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Maiden Inferred Mineral Resource for underground lithium provides exploration upside for the new underground component.

Positive factors

  • Maiden Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“1.41”

Context: 51

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · tantalumTonnes: 51000000Grade: 142Grade Unit: ppmContained Metal: 16Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:919baad0fef9f32cba78
Deposit or zone
Underground
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
51000000
Grade
142
Grade Unit
ppm
Contained Metal
16
Contained Unit
mlb
Cutoff Grade
0.7
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Maiden Inferred Mineral Resource for underground tantalum, as a byproduct, provides exploration upside for the new underground component.

Positive factors

  • Maiden Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“142”

Context: 51

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · iron_oreTonnes: 51000000Grade: 0.46Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:919baad0fef9f32cba78
Deposit or zone
Underground
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
51000000
Grade
0.46
Grade Unit
%
Cutoff Grade
0.7
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Inferred Mineral Resource for underground iron, as a deleterious element, requires management during processing.

Positive factors

  • Maiden Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Deleterious Elements Present

Evidence · table

“0.46”

Context: 51

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · lithiumTonnes: 2000000Grade: 1.16Grade Unit: %Contained Metal: 0Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:5a980f157afbfa3cb38b
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
2000000
Grade
1.16
Grade Unit
%
Contained Metal
0
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Measured Mineral Resource for stockpiled lithium provides a high-confidence, readily available source of material.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.16”

Context: 2

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · tantalumTonnes: 2000000Grade: 108Grade Unit: ppmContained Metal: 0Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:5a980f157afbfa3cb38b
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
2000000
Grade
108
Grade Unit
ppm
Contained Metal
0
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Measured Mineral Resource for stockpiled tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“108”

Context: 2

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · iron_oreTonnes: 2000000Grade: 1.14Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:5a980f157afbfa3cb38b
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
2000000
Grade
1.14
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Measured Mineral Resource for stockpiled iron, as a deleterious element, requires management during processing.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“1.14”

Context: 2

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · lithiumTonnes: 9000000Grade: 0.95Grade Unit: %Contained Metal: 0.1Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:ecb0f1ee861440d85a5e
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9000000
Grade
0.95
Grade Unit
%
Contained Metal
0.1
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Indicated Mineral Resource for stockpiled lithium provides additional material for processing.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“0.95”

Context: 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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · tantalumTonnes: 9000000Grade: 100Grade Unit: ppmContained Metal: 2Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:ecb0f1ee861440d85a5e
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9000000
Grade
100
Grade Unit
ppm
Contained Metal
2
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Indicated Mineral Resource for stockpiled tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“100”

Context: 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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · iron_oreTonnes: 9000000Grade: 3.6Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:ecb0f1ee861440d85a5e
Deposit or zone
Stockpiles
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9000000
Grade
3.6
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Indicated Mineral Resource for stockpiled iron, as a deleterious element, requires management during processing.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“3.60”

Context: 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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · lithiumTonnes: 15000000Grade: 1.28Grade Unit: %Contained Metal: 0.2Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:18b0be479a43bddc9096
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
15000000
Grade
1.28
Grade Unit
%
Contained Metal
0.2
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Measured Mineral Resource for lithium provides a high-confidence base for the project.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.28”

Context: 15

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · tantalumTonnes: 15000000Grade: 104Grade Unit: ppmContained Metal: 4Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:18b0be479a43bddc9096
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
15000000
Grade
104
Grade Unit
ppm
Contained Metal
4
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Measured Mineral Resource for tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“104”

Context: 15

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

measuredPilgangoora Operation · iron_oreTonnes: 15000000Grade: 0.5Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:18b0be479a43bddc9096
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
measured
Tonnes
15000000
Grade
0.5
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Measured Mineral Resource for iron, as a deleterious element, requires management during processing.

Positive factors

  • Measured Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.50”

Context: 15

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · lithiumTonnes: 326000000Grade: 1.32Grade Unit: %Contained Metal: 4.3Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:013430ffe38cea0d43f3
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
326000000
Grade
1.32
Grade Unit
%
Contained Metal
4.3
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Indicated Mineral Resource for lithium provides a strong foundation for future economic studies.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“1.32”

Context: 326

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · tantalumTonnes: 326000000Grade: 119Grade Unit: ppmContained Metal: 86Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:013430ffe38cea0d43f3
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
326000000
Grade
119
Grade Unit
ppm
Contained Metal
86
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Indicated Mineral Resource for tantalum, as a byproduct, contributes to the overall project economics.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Evidence · table

“119”

Context: 326

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedPilgangoora Operation · iron_oreTonnes: 326000000Grade: 0.6Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:013430ffe38cea0d43f3
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
326000000
Grade
0.6
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Indicated Mineral Resource for iron, as a deleterious element, requires management during processing.

Positive factors

  • Indicated Resource
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.60”

Context: 326

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · lithiumTonnes: 62000000Grade: 1.37Grade Unit: %Contained Metal: 0.8Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:6d55ac93c81df05c7e11
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
62000000
Grade
1.37
Grade Unit
%
Contained Metal
0.8
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Inferred Mineral Resource for lithium provides exploration upside but with lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“1.37”

Context: 62

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · tantalumTonnes: 62000000Grade: 132Grade Unit: ppmContained Metal: 18Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:6d55ac93c81df05c7e11
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
62000000
Grade
132
Grade Unit
ppm
Contained Metal
18
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Inferred Mineral Resource for tantalum, as a byproduct, provides exploration upside but with lower geological confidence.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource

Evidence · table

“132”

Context: 62

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

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredPilgangoora Operation · iron_oreTonnes: 62000000Grade: 0.5Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:6d55ac93c81df05c7e11
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
62000000
Grade
0.5
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: Total Inferred Mineral Resource for iron, as a deleterious element, requires management during processing.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Inferred Resource
  • Deleterious Elements Present

Evidence · table

“0.50”

Context: 62

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

PilgangooraPilgangoora Operation · lithiumTonnes: 403000000Grade: 1.33Grade Unit: %Contained Metal: 5.3Contained Unit: mtView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
lithium
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:e7f4671279805be3a550
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Tonnes
403000000
Grade
1.33
Grade Unit
%
Contained Metal
5.3
Contained Unit
mt
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30
Prior Tonnes
440000000
Prior Grade
1.28
Prior Contained Metal
5.632

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: The total Mineral Resource for lithium shows a higher average grade but a decrease in tonnage and contained metal due to revised RPEEE assessment.

Positive factors

  • Grade Improvement
  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Tonnage Decline
  • Contained Metal Decline

Evidence · table

“1.33”

Context: 403

Tags used in scoring

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

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 403000000 against 440000000 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 5.3 against 5.632 previously

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

PilgangooraPilgangoora Operation · tantalumTonnes: 403000000Grade: 121Grade Unit: ppmContained Metal: 107Contained Unit: mlbView all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
tantalum
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:e7f4671279805be3a550
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Tonnes
403000000
Grade
121
Grade Unit
ppm
Contained Metal
107
Contained Unit
mlb
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30
Prior Tonnes
440000000
Prior Grade
122
Prior Contained Metal
118.34

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: The total Mineral Resource for tantalum shows a decrease in tonnage, grade, and contained metal due to revised RPEEE assessment.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Tonnage Decline
  • Grade Decline
  • Contained Metal Decline

Evidence · table

“121”

Context: 403

Tags used in scoring

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

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 403000000 against 440000000 previously

Contained Metal Declinenegative

Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 107 against 118.34 previously

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

PilgangooraPilgangoora Operation · iron_oreTonnes: 403000000Grade: 0.58Grade Unit: %View all details
Link to this fact

Identity

Project
Pilgangoora Operation
Commodity
iron_ore
Region
australia_wa
Reported Region
Pilbara region of Western Australia
Ticker
PLS

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Slevin, Calvin Ferguson
Resource group id
resource:e7f4671279805be3a550
Deposit or zone
Pilgangoora
Mining method
combined
Ownership percent
100 %

Resource Data

Tonnes
403000000
Grade
0.58
Grade Unit
%
Cutoff Grade
0.2
Cutoff Unit
%

Prior Estimate

Resource Date
2026-06-30
Prior Tonnes
440000000

Lab

Laboratory
Nagrom Perth and SGS Perth and ALS Perth

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-15T00:00:00.000Z

Reasoning: The total Mineral Resource for iron, as a deleterious element, requires management during processing.

Positive factors

  • JORC Compliant
  • QP/CP Signed

Negative factors

  • Deleterious Elements Present

Evidence · table

“0.58”

Context: 403

Tags used in scoring

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

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Tonnage Declinenegative

Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 403000000 against 440000000 previously

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.