POD: Annual Report to Shareholders
Original announcement by asx on
- Company
- Podium Minerals Limited
- Ticker
- POD
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Platinum
- Secondary commodities
- Palladium, Rhodium, Iridium, Gold, Copper, Nickel, Cobalt, Iron ore, Magnesium, Aluminium, Silicon, Chromium, Calcium, Manganese
- Document categories
- Resource update, Metallurgy, Drill results
- Extracted
- 2026-09-24 06:12:38 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Podium Minerals Limited's 2026 Annual Report highlights significant progress, including a metallurgical breakthrough for its Parks Reef PGM Project, achieving 80% 3E PGM recovery and improved copper recovery with a more efficient flowsheet. The company also announced a maiden JORC-compliant Mineral Resource Estimate for the Range Well Nickel Project, adding 363 Mt at 0.73% Ni, with 68% in the Indicated category. These advancements, alongside confirmed depth continuity at Parks Reef and successful capital raises, position the company for future development.
Reasoning: The annual report details significant advancements in metallurgical processing for the Parks Reef PGM Project, including an optimized flowsheet achieving 80% 3E PGM recovery and improved copper recovery. It also announces a substantial maiden JORC-compliant nickel resource for the adjacent Range Well project, with a high proportion of Indicated resources. These developments, coupled with confirmed depth continuity at Parks Reef and strong financial backing, represent material de-risking and growth for the company, despite the Parks Reef PGM resource remaining in the Inferred category.
Positive factors
- Significant metallurgical breakthrough with high PGM and copper recoveries achieved through an optimized flowsheet, reducing circuit size and power requirements.
- Maiden JORC-compliant Mineral Resource Estimate for Range Well Nickel Project adds substantial nickel resources, with a strong Indicated component.
- Confirmation of Parks Reef PGM mineralization continuity at depth (up to 500m) and potential for further extension, supporting long-life project potential.
- Strong shareholder support demonstrated by oversubscribed entitlement offer and underwritten share purchase plan.
Negative factors
- Parks Reef PGM and Cu-Au zones remain entirely in the Inferred category, indicating lower geological confidence.
- The metallurgical recovery for 3E PGMs, while improved, is still at the lower end of what might be considered strong for some processing routes, though contextually positive for PGMs.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 48
Classification and evidence
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The Range Well Mineral Resource Estimate is explicitly stated as JORC Code compliant, indicating a high reporting standard.
Evidence · text
“maiden JORC Code Mineral Resource Estimate for Range Well”
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: The Range Well Mineral Resource Estimate was prepared by Mr Dmitry Pertel, Principal Resource Geologist with AMC Consultants Pty Ltd, who qualifies as a Competent Person under the JORC Code.
Evidence · text
“Mr Dmitry Pertel, Principal Resource Geologist with AMC Consultants Pty Ltd (AMC). Mr Pertel conducted site visits and reviewed the geology, data collection, geological interpretation, Mineral Resource estimation methodology and exploration potential associated with the Range Well deposit. Mr Pertel is a Member of the AIG and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code).”
Maiden Resourceneutral
First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.
Why it applies: The Range Well Nickel Project's Mineral Resource Estimate is explicitly referred to as a 'maiden JORC Code Mineral Resource Estimate'.
Evidence · text
“maiden JORC Code Mineral Resource Estimate for Range Well”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Range Well MRE includes 247 million tonnes in the Indicated category, representing a significant portion of the total resource.
Evidence · text
“The resource comprises 247 million tonnes in the Indicated category”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Range Well MRE includes 116 million tonnes in the Inferred category, indicating a portion of the resource with lower geological confidence.
Evidence · text
“and 116 million tonnes in the Inferred category.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The Range Well MRE explicitly states a 0.5% Ni cut-off grade.
Evidence · text
“0.5% Ni cut-off grade”
Open Pit Miningneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The Range Well deposit's flat-lying to gently undulating geometry is deemed amenable to open-pit mining.
Evidence · text
“the flat-lying to gently undulating geometry is deemed amenable to open-pit mining.”
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: The initial Flotation Circuit 3E recovery was 51%, which is below the weak band for gold (80%) and indicates room for improvement.
Evidence · table
“51%”
Context: Flotation Circuit 3E recovery
Recovery Improvingpositive
Recovery improved versus a like-for-like prior test program on the same domain and route.
Why it applies: Flotation Circuit 3E recovery increased by 31% (from 51% to 67%) and copper recovery increased by 55% (from 47% to 73%) relative to the Phase 2 baseline, demonstrating significant improvement.
Evidence · text
“Flotation Circuit 3E recovery increased by 31% relative to the Phase 2 baseline, from 51% to 67%, while copper recovery increased from 47% to 73%.”
Pilot Scale Completepositive
Pilot or demonstration plant testing completed under continuous operation.
Why it applies: The metallurgical work describes a 'Concentrator flowsheet' and 'Phase 3 performance optimisation work' which implies continuous operation and significant scale beyond bench tests, though not explicitly called 'pilot plant'.
Evidence · text
“Podium announced a Concentrator flowsheet capable of recovering approximately 80% of platinum, palladium and gold from representative bulk sulphide feed”
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document mentions an 'extensive test work program conducted at international metallurgical laboratories, CM Solutions', indicating professional oversight of the metallurgical testing.
Evidence · text
“extensive test work program conducted at international metallurgical laboratories, CM Solutions”
Deleterious Elements Presentnegative · Story-specific tag
Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.
Why it applies: The document highlights 'ultra-low' deleterious chrome content, indicating that chrome is a relevant element to manage in the concentrate.
Evidence · text
“Deleterious chrome content in the combined product is ultra-low, at approximately 0.12%”
Step-Out Extensionpositive · Story-specific tag
Mineralization extended beyond the previously known limit.
Why it applies: Deep diamond drilling provided further evidence of the continuity of Parks Reef mineralisation to approximately 450–500 metres below surface, extending beyond the current resource model depth of 250 metres.
Evidence · text
“six deep diamond holes, together with three holes from historical deep drilling, provide further evidence of the continuity of Parks Reef mineralisation to approximately 450–500 metres below surface.”
Apparent Width Onlynegative · Story-specific tag
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The drill intercepts are reported as downhole lengths (e.g., '2.4m @ 2.52 g/t') without explicit mention of true width or drill orientation relative to the mineralization.
Evidence · text
“2.4m @ 2.52 g/t 5E PGE from 96m”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("concentrator")
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 48. Some facts used in scoring do not have a stored record.
Drill Results (1)
PRDD022Parks Reef · platinumGrade: 2.37Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- PRDD022
- Project
- Parks Reef
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- POD
Geometry
- Grade
- 2.37
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 69 m
- To
- 75 m
- Intercept Depth
- 64 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- PRDD022:69-75
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This sub-interval shows a higher-grade zone within the broader intercept, enhancing its overall value.
Positive factors
- Higher-grade sub-interval for 5E PGEs.
- Confirms continuity of mineralization at expected depths.
Evidence · text
“including 6.0m @ 2.37 g/t from 69.0m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (44)
inferredParks Reef Project · goldTonnes: 60000000Grade: 0.13Grade Unit: g/tContained Metal: 0.3Contained Unit: mozView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:2641df8ea9093658061c
- Deposit or zone
- Cu-Au Zone
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.13
- Grade Unit
- g/t
- Contained Metal
- 0.3
- Contained Unit
- moz
- Cutoff Grade
- 0.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-05-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a new Inferred resource for the Copper-Gold Zone, contributing to the overall project scale, but its Inferred classification limits its immediate economic impact.
Positive factors
- Adds to the overall mineral endowment of the project.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.13”
Context: 60
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
inferredParks Reef Project · copperTonnes: 60000000Grade: 0.23Grade Unit: %Contained Metal: 140Contained Unit: ktView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:2641df8ea9093658061c
- Deposit or zone
- Cu-Au Zone
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.23
- Grade Unit
- %
- Contained Metal
- 140
- Contained Unit
- kt
- Cutoff Grade
- 0.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-05-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a new Inferred resource for the Copper-Gold Zone, contributing to the overall project scale, but its Inferred classification limits its immediate economic impact.
Positive factors
- Adds to the overall mineral endowment of the project.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.23”
Context: 60
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
inferredParks Reef Project · nickelTonnes: 60000000Grade: 0.01Grade Unit: %Contained Metal: 60Contained Unit: ktView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:2641df8ea9093658061c
- Deposit or zone
- Cu-Au Zone
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.01
- Grade Unit
- %
- Contained Metal
- 60
- Contained Unit
- kt
- Cutoff Grade
- 0.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-05-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a new Inferred resource for the Copper-Gold Zone, contributing to the overall project scale, but its Inferred classification limits its immediate economic impact.
Positive factors
- Adds to the overall mineral endowment of the project.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.01”
Context: 60
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
inferredParks Reef Project · cobaltTonnes: 60000000Grade: 0.018Grade Unit: %Contained Metal: 11Contained Unit: ktView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- cobalt
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:2641df8ea9093658061c
- Deposit or zone
- Cu-Au Zone
Resource Data
- Category
- inferred
- Tonnes
- 60000000
- Grade
- 0.018
- Grade Unit
- %
- Contained Metal
- 11
- Contained Unit
- kt
- Cutoff Grade
- 0.1
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2025-05-19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a new Inferred resource for the Copper-Gold Zone, contributing to the overall project scale, but its Inferred classification limits its immediate economic impact.
Positive factors
- Adds to the overall mineral endowment of the project.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.018”
Context: 60
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
inferredParks Reef Project · platinumTonnes: 183000000Grade: 0.62Grade Unit: g/tContained Metal: 3.7Contained Unit: mozView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 3.7
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a significant Inferred resource for platinum within the PGM Zone, contributing to the project's overall scale, but its Inferred classification limits its immediate economic impact.
Positive factors
- Large tonnage and contained metal for platinum.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.62”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · palladiumTonnes: 183000000Grade: 0.55Grade Unit: g/tContained Metal: 3.2Contained Unit: mozView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- palladium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.55
- Grade Unit
- g/t
- Contained Metal
- 3.2
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a significant Inferred resource for palladium within the PGM Zone, contributing to the project's overall scale, but its Inferred classification limits its immediate economic impact.
Positive factors
- Large tonnage and contained metal for palladium.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.55”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · rhodiumTonnes: 183000000Grade: 0.05Grade Unit: g/tContained Metal: 0.3Contained Unit: mozView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- rhodium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.05
- Grade Unit
- g/t
- Contained Metal
- 0.3
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an Inferred resource for rhodium within the PGM Zone, adding to the polymetallic nature of the project, but its Inferred classification limits its immediate economic impact.
Positive factors
- Contributes to the overall PGM basket.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.05”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · iridiumTonnes: 183000000Grade: 0.02Grade Unit: g/tContained Metal: 0.1Contained Unit: mozView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- iridium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.02
- Grade Unit
- g/t
- Contained Metal
- 0.1
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an Inferred resource for iridium within the PGM Zone, adding to the polymetallic nature of the project, but its Inferred classification limits its immediate economic impact.
Positive factors
- Contributes to the overall PGM basket.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.02”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · goldTonnes: 183000000Grade: 0.06Grade Unit: g/tContained Metal: 0.4Contained Unit: mozView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.06
- Grade Unit
- g/t
- Contained Metal
- 0.4
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an Inferred resource for gold within the PGM Zone, adding to the polymetallic nature of the project, but its Inferred classification limits its immediate economic impact.
Positive factors
- Contributes to the overall PGM basket.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.06”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · platinumTonnes: 183000000Grade: 1.3Grade Unit: g/tContained Metal: 7.6Contained Unit: mozView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 7.6
- Contained Unit
- moz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a significant Inferred resource for 5E PGMs within the PGM Zone, contributing to the project's overall scale, but its Inferred classification limits its immediate economic impact.
Positive factors
- Large tonnage and contained metal for 5E PGMs.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“1.30”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · copperTonnes: 183000000Grade: 0.06Grade Unit: %Contained Metal: 103Contained Unit: ktView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.06
- Grade Unit
- %
- Contained Metal
- 103
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an Inferred resource for copper within the PGM Zone, adding to the polymetallic nature of the project, but its Inferred classification limits its immediate economic impact.
Positive factors
- Contributes to the overall polymetallic endowment.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.06”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · nickelTonnes: 183000000Grade: 0.08Grade Unit: %Contained Metal: 143Contained Unit: ktView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.08
- Grade Unit
- %
- Contained Metal
- 143
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an Inferred resource for nickel within the PGM Zone, adding to the polymetallic nature of the project, but its Inferred classification limits its immediate economic impact.
Positive factors
- Contributes to the overall polymetallic endowment.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.08”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
inferredParks Reef Project · cobaltTonnes: 183000000Grade: 0.015Grade Unit: %Contained Metal: 27Contained Unit: ktView all detailsHide details
Identity
- Project
- Parks Reef Project
- Commodity
- cobalt
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lynn Widenbar
- Resource group id
- resource:52632b02d16c97015577
- Deposit or zone
- PGM Zone
Resource Data
- Category
- inferred
- Tonnes
- 183000000
- Grade
- 0.015
- Grade Unit
- %
- Contained Metal
- 27
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t 5E PGMs
Prior Estimate
- Resource Date
- 2024-04-03
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is an Inferred resource for cobalt within the PGM Zone, adding to the polymetallic nature of the project, but its Inferred classification limits its immediate economic impact.
Positive factors
- Contributes to the overall polymetallic endowment.
Negative factors
- Resource is entirely in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.015”
Context: 183
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
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.5 years before this release
indicatedRange Well Nickel Project · nickelTonnes: 247000000Grade: 0.74Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 0.74
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a substantial maiden Indicated resource for nickel, significantly adding to the company's asset base with good confidence and grade for a laterite deposit.
Positive factors
- Maiden resource estimate adds significant nickel to the company's portfolio.
- High proportion of Indicated resources (68% of total) provides strong geological confidence.
- Grade of 0.74% Ni is good for a laterite deposit amenable to open-pit mining.
Evidence · table
“0.74”
Context: 247
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
indicatedRange Well Nickel Project · cobaltTonnes: 247000000Grade: 0.05Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- cobalt
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 0.05
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a substantial maiden Indicated resource for cobalt, adding to the polymetallic nature of the Range Well project with good confidence.
Positive factors
- Maiden resource estimate adds significant cobalt as a byproduct.
- High proportion of Indicated resources provides strong geological confidence.
Evidence · table
“0.05”
Context: 247
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
indicatedRange Well Nickel Project · iron_oreTonnes: 247000000Grade: 19.6Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 19.6
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Indicated resource for iron, providing a complete elemental profile for the Range Well project.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Evidence · table
“19.6”
Context: 247
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
indicatedRange Well Nickel Project · magnesiumTonnes: 247000000Grade: 2.8Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- magnesium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 2.8
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Indicated resource for magnesium, providing a complete elemental profile for the Range Well project.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Evidence · table
“2.8”
Context: 247
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
indicatedRange Well Nickel Project · aluminiumTonnes: 247000000Grade: 1.3Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- aluminium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 1.3
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Indicated resource for aluminium, providing a complete elemental profile for the Range Well project.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Evidence · table
“1.3”
Context: 247
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
indicatedRange Well Nickel Project · siliconTonnes: 247000000Grade: 24.9Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- silicon
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 24.9
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Indicated resource for silicon, providing a complete elemental profile for the Range Well project.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Evidence · table
“24.9”
Context: 247
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
indicatedRange Well Nickel Project · chromiumTonnes: 247000000Grade: 1.3Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- chromium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 1.3
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Indicated resource for chromium, providing a complete elemental profile for the Range Well project.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Evidence · table
“1.3”
Context: 247
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
indicatedRange Well Nickel Project · calciumTonnes: 247000000Grade: 0.3Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- calcium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 0.3
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Indicated resource for calcium, providing a complete elemental profile for the Range Well project.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Evidence · table
“0.3”
Context: 247
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
indicatedRange Well Nickel Project · manganeseTonnes: 247000000Grade: 0.2Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:c0318387701008745dbd
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 0.2
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Indicated resource for manganese, providing a complete elemental profile for the Range Well project.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Evidence · table
“0.2”
Context: 247
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
inferredRange Well Nickel Project · nickelTonnes: 116000000Grade: 0.69Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.69
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a substantial maiden Inferred resource for nickel, significantly adding to the company's asset base, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate adds significant nickel to the company's portfolio.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.69”
Context: 116
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
inferredRange Well Nickel Project · cobaltTonnes: 116000000Grade: 0.04Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- cobalt
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.04
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a substantial maiden Inferred resource for cobalt, adding to the polymetallic nature of the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate adds significant cobalt as a byproduct.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.04”
Context: 116
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
inferredRange Well Nickel Project · iron_oreTonnes: 116000000Grade: 17.9Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- iron_ore
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 17.9
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Inferred resource for iron, providing a complete elemental profile for the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“17.9”
Context: 116
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
inferredRange Well Nickel Project · magnesiumTonnes: 116000000Grade: 2.2Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- magnesium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 2.2
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Inferred resource for magnesium, providing a complete elemental profile for the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“2.2”
Context: 116
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
inferredRange Well Nickel Project · aluminiumTonnes: 116000000Grade: 1.4Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- aluminium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 1.4
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Inferred resource for aluminium, providing a complete elemental profile for the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“1.4”
Context: 116
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
inferredRange Well Nickel Project · siliconTonnes: 116000000Grade: 26.9Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- silicon
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 26.9
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Inferred resource for silicon, providing a complete elemental profile for the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“26.9”
Context: 116
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
inferredRange Well Nickel Project · chromiumTonnes: 116000000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- chromium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Inferred resource for chromium, providing a complete elemental profile for the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.7”
Context: 116
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
inferredRange Well Nickel Project · calciumTonnes: 116000000Grade: 0.3Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- calcium
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.3
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Inferred resource for calcium, providing a complete elemental profile for the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.3”
Context: 116
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
inferredRange Well Nickel Project · manganeseTonnes: 116000000Grade: 0.2Grade Unit: %View all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- manganese
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:f6ec0f1a0603076178ac
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.2
- Grade Unit
- %
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a maiden Inferred resource for manganese, providing a complete elemental profile for the Range Well project, though its Inferred classification limits its immediate economic impact.
Positive factors
- Maiden resource estimate provides comprehensive elemental breakdown.
Negative factors
- Resource is in the Inferred category, indicating lower geological confidence.
Evidence · table
“0.2”
Context: 116
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
Range WellRange Well Nickel Project · nickelTonnes: 363000000Grade: 0.73Grade Unit: %Contained Metal: 2.63Contained Unit: mtView all detailsHide details
Identity
- Project
- Range Well Nickel Project
- Commodity
- nickel
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Dmitry Pertel
- Resource group id
- resource:4370e9f03323696a581d
- Deposit or zone
- Range Well
- Material type
- laterite
Resource Data
- Tonnes
- 363000000
- Grade
- 0.73
- Grade Unit
- %
- Contained Metal
- 2.63
- Contained Unit
- mt
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Ni
Prior Estimate
- Resource Date
- 2026-03-24
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This is a substantial maiden resource for nickel, significantly adding to the company's asset base with a large contained metal figure.
Positive factors
- Maiden resource estimate adds significant nickel to the company's portfolio.
- Large contained metal of 2.63 Mt nickel.
Evidence · text
“maiden JORC-compliant Mineral Resource Estimate for Range Well of 363 million tonnes at 0.73% Ni for 2.63 million tonnes of contained nickel”
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
indicatedMRE for Range Well · nickelTonnes: 247000000Grade: 0.74Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- nickel
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:28278b11d0ea7e298806
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 0.74
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.74”
Context: 247
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMRE for Range Well · cobaltTonnes: 247000000Grade: 0.05Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- cobalt
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:28278b11d0ea7e298806
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 0.05
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.05”
Context: 247
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMRE for Range Well · iron_oreTonnes: 247000000Grade: 19.6Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- iron_ore
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:28278b11d0ea7e298806
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 19.6
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“19.6”
Context: 247
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMRE for Range Well · chromiumTonnes: 247000000Grade: 1.3Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- chromium
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:28278b11d0ea7e298806
Resource Data
- Category
- indicated
- Tonnes
- 247000000
- Grade
- 1.3
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.3”
Context: 247
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · nickelTonnes: 116000000Grade: 0.69Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- nickel
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a20b8d43cb12a60cff60
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.69
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.69”
Context: 116
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · cobaltTonnes: 116000000Grade: 0.04Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- cobalt
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a20b8d43cb12a60cff60
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.04
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.04”
Context: 116
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · iron_oreTonnes: 116000000Grade: 17.9Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- iron_ore
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a20b8d43cb12a60cff60
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 17.9
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“17.9”
Context: 116
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · chromiumTonnes: 116000000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- chromium
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:a20b8d43cb12a60cff60
Resource Data
- Category
- inferred
- Tonnes
- 116000000
- Grade
- 0.7
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.7”
Context: 116
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · nickelTonnes: 363000000Grade: 0.73Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- nickel
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:338aac279d74c6e9981c
Resource Data
- Category
- inferred
- Tonnes
- 363000000
- Grade
- 0.73
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.73”
Context: 363
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · cobaltTonnes: 363000000Grade: 0.05Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- cobalt
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:338aac279d74c6e9981c
Resource Data
- Category
- inferred
- Tonnes
- 363000000
- Grade
- 0.05
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.05”
Context: 363
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · iron_oreTonnes: 363000000Grade: 19Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- iron_ore
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:338aac279d74c6e9981c
Resource Data
- Category
- inferred
- Tonnes
- 363000000
- Grade
- 19
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“19.0”
Context: 363
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMRE for Range Well · chromiumTonnes: 363000000Grade: 1.1Grade Unit: %View all detailsHide details
Identity
- Project
- MRE for Range Well
- Commodity
- chromium
- Ticker
- POD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:338aac279d74c6e9981c
Resource Data
- Category
- inferred
- Tonnes
- 363000000
- Grade
- 1.1
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.1”
Context: 363
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 Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Metallurgical Results (3)
flowsheet testParks Reef · platinumRecovery: 80 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef
- Commodity
- platinum
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- detailed
- Test Type
- flowsheet test
- Processing Route
- Overall Concentrator
- Sample
- PRDD009 bulk sulphide composite
Recovery
- Recovery
- 80 %
- Recovery Basis
- actual_test
- Conc. Grade
- 82
- Conc. Grade Unit
- g/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This represents the baseline overall concentrator recovery before optimization, which was maintained after optimization.
Positive factors
- Achieved high overall PGM recovery.
Evidence · table
“~80%”
Context: Pre-optimisation (PRDD009)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
flowsheet testParks Reef · copperRecovery: 52 %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Parks Reef
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- detailed
- Test Type
- flowsheet test
- Processing Route
- Overall Concentrator
- Sample
- PRDD009 bulk sulphide composite
Recovery
- Recovery
- 52 %
- Recovery Basis
- actual_test
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2025-10-01T00:00:00.000Z
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: This represents the baseline overall concentrator copper recovery before optimization, which was subsequently improved upon.
Negative factors
- Lower recovery compared to the overall concentrator performance, indicating room for improvement.
Evidence · table
“52%”
Context: Pre-optimisation (PRDD009)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 52% is below the weak band (80%)
flowsheet testParks Reef · copperRecovery: 81 %View all detailsHide details
Identity
- Project
- Parks Reef
- Commodity
- copper
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- POD
Test Work
- Program Status
- optimization
- Test Type
- flowsheet test
- Processing Route
- Overall Concentrator
- Sample
- PRDD012 bulk sulphide composite (high-grade hanging wall and footwall blend)
Recovery
- Recovery
- 81 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-24T00:00:00.000Z
Reasoning: Overall concentrator performance significantly improved copper recovery while simplifying the flowsheet, representing a fundamental architectural improvement.
Positive factors
- Significant increase in overall Concentrator copper recovery (+55% relative).
- Materially simpler, smaller, and lower-intensity process flowsheet with reduced capital and operating costs.
Evidence · table
“81%”
Context: Post-optimisation (PRDD012)
Tags used in scoring
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: processing_route matches the mill_cil signal
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.