PTR: Annual Report to shareholders

Original announcement by asx on

Company
PTR Minerals Ltd
Ticker
PTR
Exchange
ASX
Region
South Australia
Primary commodity
Titanium
Secondary commodities
None reported
Document categories
Drill results, Resource update, Metallurgy
Extracted
2026-09-29 16:07:16 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

PTR Minerals Ltd announced a transformational year, highlighted by a maiden JORC-compliant Mineral Resource Estimate for its flagship Rosewood Titanium Project in South Australia, comprising 463Mt at 8.8% HM. This was complemented by positive metallurgical testwork confirming high recoveries of titanium minerals using conventional processing. The company also reported successful exploration results at new prospects and completed a $12 million capital raise to advance project development.

Reasoning: PTR Minerals Ltd announced a transformational year, highlighted by a maiden JORC-compliant Mineral Resource Estimate for its flagship Rosewood Titanium Project, supported by positive metallurgical testwork confirming a conventional processing route and high recoveries, alongside successful exploration expanding the mineralized footprint and a capital raise to fund ongoing development.

Positive factors

  • Maiden Mineral Resource Estimate for flagship project
  • High-grade resource with significant contained heavy minerals
  • High Valuable Heavy Mineral (VHM) content
  • Strong Indicated classification in the MRE
  • Positive metallurgical testwork results with high recoveries
  • Conventional processing route confirmed
  • New exploration discoveries (Echo, Duke, Nardoo) extending mineralization
  • Successful capital raise providing funding for development
  • Low levels of deleterious elements in saprolite HM mineralization

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

Facts used in scoring: 90

Classification and evidence

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The document explicitly states 'The delivery of the maiden Mineral Resource Estimate (MRE) for Rosewood was a major achievement.'

Evidence · text

“The delivery of the maiden Mineral Resource Estimate (MRE) for Rosewood was a major achievement.”

JORC Compliantpositive

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

Why it applies: The Mineral Resource Estimate is reported 'in accordance with the JORC Code, 2012 Edition'.

Evidence · text

“The Company reports a Mineral Resource estimate in accordance with the JORC Code, 2012 Edition”

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: The MRE states '57% classified as Indicated' for the overall resource and '89% is classified as Indicated' for Rosewood East.

Evidence · text

“57% classified as Indicated”

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 MRE is reported in accordance with the JORC Code, 2012 Edition, which requires sign-off by a Competent Person.

Evidence · text

“The Company reports a Mineral Resource estimate in accordance with the JORC Code, 2012 Edition”

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Metallurgical testwork demonstrated 'recovering more than 91% of the HM'.

Evidence · text

“recovering more than 91% of the HM”

Pilot Scale Completepositive

Pilot or demonstration plant testing completed under continuous operation.

Why it applies: A 'three-tonne bulk sample from Rosewood East was subsequently submitted to Mineral Technologies for further processing, flowsheet development, plant-design work and preliminary capital and operating-cost assessment', indicating advanced testwork beyond bench scale.

Evidence · text

“A second, representative three-tonne bulk sample from Rosewood East was subsequently submitted to Mineral Technologies for further processing, flowsheet development, plant-design work and preliminary capital and operating-cost assessment.”

Free Millingpositive

Simple, clean ore amenable to standard processing without oxidation.

Why it applies: The document states that 'Rosewood ore responds well to conventional wet separation techniques'.

Evidence · text

“Rosewood ore responds well to conventional wet separation techniques”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: A 'second, representative three-tonne bulk sample from Rosewood East' was used, implying variability testing.

Evidence · text

“A second, representative three-tonne bulk sample from Rosewood East was subsequently submitted to Mineral Technologies for further processing”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: Drilling 'identified the Echo prospect, where mineralisation was defined over approximately 4.5km and remained open along an approximately 10km prospective trend'.

Evidence · text

“Drilling north-east of Rosewood identified the Echo prospect, where mineralisation was defined over approximately 4.5km and remained open along an approximately 10km prospective trend.”

Apparent Width Onlynegative

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

Why it applies: Drill intercepts are reported as downhole lengths (e.g., '42m @ 11.9% HM from 0m') without explicit mention of true width or drill orientation relative to mineralization.

Evidence · text

“42m @ 11.9% HM from 0m”

Low Deleterious Elementspositive · Story-specific tag

No canonical definition is currently available.

Why it applies: XRF assays from Duke and Nardoo prospects returned 'very low levels of deleterious elements Cr2O3 (not detected (nd)), V2O5 (<0.2%), SnO2 (nd), Th (<5 ppm) and U (nd)'.

Evidence · text

“XRF assays from the Duke prospect returned very low levels of deleterious elements Cr2O3 (not detected (nd)), V2O5 (<0.2%), SnO2 (nd), Th (<5 ppm) and U (nd).”

Inferred Resourcenegative

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

Why it applies: The MRE states '43% in the Inferred category' for the overall resource.

Evidence · text

“43% 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 resource estimates clearly state the cut-off grades used, such as '3% HM cut-off' and '5.5% HM cut-off'.

Evidence · text

“3% HM cut-off”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("concentrate")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Extracted facts

Stored fact records: 90. Some facts used in scoring do not have a stored record.

Drill Results (43)

25RW190Rosewood East · heavy mineralGrade: 11.9Grade Unit: %Intercept: 42 mView all details
Link to this fact

Identity

Hole ID
25RW190
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
11.9
Grade Unit
%
Intercept
42 m
From
0 m
To
42 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW190:0-42

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This drill intercept shows high-grade heavy mineral sands from surface over a significant width, contributing to the confidence in the Rosewood MRE.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“42m @ 11.9% HM from 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW190Rosewood East · heavy mineralGrade: 18Grade Unit: %Intercept: 5 mView all details
Link to this fact

Identity

Hole ID
25RW190
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
18
Grade Unit
%
Intercept
5 m
From
6 m
To
11 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW190:6-11

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This very high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood.

Positive factors

  • Very high grade for heavy mineral sands
  • Significant sub-interval within broader mineralization
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“5m @ 18.0% HM from 6m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW213Rosewood East · heavy mineralGrade: 13Grade Unit: %Intercept: 32 mView all details
Link to this fact

Identity

Hole ID
25RW213
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
13
Grade Unit
%
Intercept
32 m
From
10 m
To
42 m
Intercept Depth
10 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW213:10-42

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“32m @ 13.0% HM from 10m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW213Rosewood East · heavy mineralGrade: 27.7Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
25RW213
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
27.7
Grade Unit
%
Intercept
4 m
From
32 m
To
36 m
Intercept Depth
10 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW213:32-36

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant sub-interval within broader mineralization
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“4m @ 27.7% HM from 32m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW214Rosewood East · heavy mineralGrade: 15.7Grade Unit: %Intercept: 33 mView all details
Link to this fact

Identity

Hole ID
25RW214
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
15.7
Grade Unit
%
Intercept
33 m
From
10 m
To
43 m
Intercept Depth
10 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW214:10-43

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“33m @ 15.7% HM from 10m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW214Rosewood East · heavy mineralGrade: 33.6Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
25RW214
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
33.6
Grade Unit
%
Intercept
2 m
From
13 m
To
15 m
Intercept Depth
10 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW214:13-15

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant sub-interval within broader mineralization
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“2m @ 33.6% HM from 13m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW215Rosewood East · heavy mineralGrade: 13.9Grade Unit: %Intercept: 33 mView all details
Link to this fact

Identity

Hole ID
25RW215
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
13.9
Grade Unit
%
Intercept
33 m
From
12 m
To
45 m
Intercept Depth
12 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW215:12-45

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“33m @ 13.9% HM from 12m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW215Rosewood East · heavy mineralGrade: 21Grade Unit: %Intercept: 9 mView all details
Link to this fact

Identity

Hole ID
25RW215
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
21
Grade Unit
%
Intercept
9 m
From
12 m
To
21 m
Intercept Depth
12 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW215:12-21

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant sub-interval within broader mineralization
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“9m @ 21.0% HM from 12m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW218Rosewood East · heavy mineralGrade: 13.4Grade Unit: %Intercept: 32 mView all details
Link to this fact

Identity

Hole ID
25RW218
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
13.4
Grade Unit
%
Intercept
32 m
From
0 m
To
32 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW218:0-32

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This drill intercept shows high-grade heavy mineral sands from surface over a significant width, contributing to the confidence in the Rosewood MRE.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“32m @ 13.4% HM from 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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW218Rosewood East · heavy mineralGrade: 23Grade Unit: %Intercept: 4 mView all details
Link to this fact

Identity

Hole ID
25RW218
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
23
Grade Unit
%
Intercept
4 m
From
18 m
To
22 m
Intercept Depth
0 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW218:18-22

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant sub-interval within broader mineralization
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“4m @ 23.0% HM from 18m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW220Rosewood East · heavy mineralGrade: 14.2Grade Unit: %Intercept: 28 mView all details
Link to this fact

Identity

Hole ID
25RW220
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
14.2
Grade Unit
%
Intercept
28 m
From
7 m
To
35 m
Intercept Depth
7 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW220:7-35

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“28m @ 14.2% HM from 7m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW220Rosewood East · heavy mineralGrade: 28.2Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
25RW220
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
28.2
Grade Unit
%
Intercept
6 m
From
23 m
To
29 m
Intercept Depth
7 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW220:23-29

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant sub-interval within broader mineralization
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“6m @ 28.2% HM from 23m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW295Rosewood East · heavy mineralGrade: 16Grade Unit: %Intercept: 30 mView all details
Link to this fact

Identity

Hole ID
25RW295
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
16
Grade Unit
%
Intercept
30 m
From
12 m
To
42 m
Intercept Depth
12 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW295:12-42

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This drill intercept shows high-grade heavy mineral sands over a significant width, contributing to the confidence in the Rosewood MRE.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“30m @ 16.0% HM from 12m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW295Rosewood East · heavy mineralGrade: 19.8Grade Unit: %Intercept: 7 mView all details
Link to this fact

Identity

Hole ID
25RW295
Project
Rosewood East
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
19.8
Grade Unit
%
Intercept
7 m
From
14 m
To
21 m
Intercept Depth
12 m

Classification

Program
resource
Sample Type
drill
Group ID
25RW295:14-21

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade sub-interval within a broader intercept further enhances the quality of the heavy mineral sands mineralization at Rosewood.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant sub-interval within broader mineralization
  • Underpins maiden MRE

Negative factors

  • Apparent width only

Evidence · text

“7m @ 19.8% HM from 14m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25RW164Muckanippie · heavy mineralGrade: 3.2Grade Unit: %Intercept: 11 mView all details
Link to this fact

Identity

Hole ID
25RW164
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
3.2
Grade Unit
%
Intercept
11 m
From
6 m
To
17 m
Intercept Depth
6 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW164:6-17

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion.

Positive factors

  • New mineralized zone identified
  • Good intercept length
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“11m @ 3.2% HM from 6m”

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

25RW164Muckanippie · heavy mineralGrade: 6.1Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
25RW164
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
6.1
Grade Unit
%
Intercept
2 m
From
11 m
To
13 m
Intercept Depth
6 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW164:11-13

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion.

Positive factors

  • New mineralized zone identified
  • Higher grade sub-interval
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“2m @ 6.1% HM from 11m”

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

25RW152Muckanippie · heavy mineralGrade: 5.1Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
25RW152
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
5.1
Grade Unit
%
Intercept
6 m
From
10 m
To
16 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW152:10-16

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion.

Positive factors

  • New mineralized zone identified
  • Good grade for heavy mineral sands
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“6m @ 5.1% HM from 10m”

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

25RW152Muckanippie · heavy mineralGrade: 7.1Grade Unit: %Intercept: 3 mView all details
Link to this fact

Identity

Hole ID
25RW152
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
7.1
Grade Unit
%
Intercept
3 m
From
13 m
To
16 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW152:13-16

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion.

Positive factors

  • New mineralized zone identified
  • Higher grade sub-interval
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“3m @ 7.1% HM from 13m”

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

25RW165Muckanippie · heavy mineralGrade: 3Grade Unit: %Intercept: 9 mView all details
Link to this fact

Identity

Hole ID
25RW165
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
3
Grade Unit
%
Intercept
9 m
From
16 m
To
25 m
Intercept Depth
16 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW165:16-25

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion.

Positive factors

  • New mineralized zone identified
  • Good intercept length
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“9m @ 3.0% HM from 16m”

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

25RW165Muckanippie · heavy mineralGrade: 5.3Grade Unit: %Intercept: 2 mView all details
Link to this fact

Identity

Hole ID
25RW165
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
5.3
Grade Unit
%
Intercept
2 m
From
23 m
To
25 m
Intercept Depth
16 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW165:23-25

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion.

Positive factors

  • New mineralized zone identified
  • Higher grade sub-interval
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“2m @ 5.3% HM from 23m”

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

25RW155Muckanippie · heavy mineralGrade: 3.2Grade Unit: %Intercept: 7 mView all details
Link to this fact

Identity

Hole ID
25RW155
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
3.2
Grade Unit
%
Intercept
7 m
From
12 m
To
19 m
Intercept Depth
12 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW155:12-19

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion.

Positive factors

  • New mineralized zone identified
  • Good intercept length
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“7m @ 3.2% HM from 12m”

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

25RW155Muckanippie · heavy mineralGrade: 6.1Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
25RW155
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
6.1
Grade Unit
%
Intercept
1 m
From
13 m
To
14 m
Intercept Depth
12 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW155:13-14

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This higher-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion.

Positive factors

  • New mineralized zone identified
  • Higher grade sub-interval
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“1m @ 6.1% HM from 13m”

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

25RW162Muckanippie · heavy mineralGrade: 4.5Grade Unit: %Intercept: 3 mView all details
Link to this fact

Identity

Hole ID
25RW162
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
4.5
Grade Unit
%
Intercept
3 m
From
7 m
To
10 m
Intercept Depth
7 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW162:7-10

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion.

Positive factors

  • New mineralized zone identified
  • Good grade for heavy mineral sands
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“3m @ 4.5% HM from 7m”

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

25RW162Muckanippie · heavy mineralGrade: 10.2Grade Unit: %Intercept: 1 mView all details
Link to this fact

Identity

Hole ID
25RW162
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
10.2
Grade Unit
%
Intercept
1 m
From
9 m
To
10 m
Intercept Depth
7 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW162:9-10

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This high-grade sub-interval within the new Echo Prospect further supports the discovery of a new mineralized zone with potential for expansion.

Positive factors

  • New mineralized zone identified
  • High grade sub-interval
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“1m @ 10.2% HM from 9m”

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

25RW163Muckanippie · heavy mineralGrade: 3.5Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
25RW163
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
3.5
Grade Unit
%
Intercept
6 m
From
6 m
To
12 m
Intercept Depth
6 m

Classification

Program
exploration
Sample Type
drill
Group ID
25RW163:6-12

Location

Location
Echo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This intercept at the new Echo Prospect indicates a new mineralized zone, demonstrating exploration success and potential for expansion.

Positive factors

  • New mineralized zone identified
  • Good intercept length
  • Open along strike

Negative factors

  • Apparent width only

Evidence · text

“6m @ 3.5% HM from 6m”

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

25DK005Muckanippie · heavy mineralGrade: 39.3Grade Unit: %Intercept: 60 mView all details
Link to this fact

Identity

Hole ID
25DK005
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
39.3
Grade Unit
%
Intercept
60 m
From
0 m
To
60 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
25DK005:0-60

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a very significant width, indicating strong exploration success.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Very significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“60m @ 39.3% HM from surface”

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

25DK005Muckanippie · heavy mineralGrade: 61.6Grade Unit: %Intercept: 6 mView all details
Link to this fact

Identity

Hole ID
25DK005
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
61.6
Grade Unit
%
Intercept
6 m
From
25 m
To
31 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
25DK005:25-31

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade sub-interval further highlights the quality of the new style of heavy mineral sands mineralization at the Duke Prospect.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Very high-grade sub-interval
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“6m @ 61.6% HM from 25m”

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

24DK001Muckanippie · heavy mineralGrade: 26.1Grade Unit: %Intercept: 24 mView all details
Link to this fact

Identity

Hole ID
24DK001
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
26.1
Grade Unit
%
Intercept
24 m
From
0 m
To
24 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
24DK001:0-24

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“24m @ 26.1% HM from surface”

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

25DK004Muckanippie · heavy mineralGrade: 21.5Grade Unit: %Intercept: 31 mView all details
Link to this fact

Identity

Hole ID
25DK004
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
21.5
Grade Unit
%
Intercept
31 m
From
0 m
To
31 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
25DK004:0-31

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“31m @ 21.5% HM from surface”

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

25DK007Muckanippie · heavy mineralGrade: 21Grade Unit: %Intercept: 37 mView all details
Link to this fact

Identity

Hole ID
25DK007
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
21
Grade Unit
%
Intercept
37 m
From
0 m
To
37 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
25DK007:0-37

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“37m @ 21.0% HM from surface”

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

24DK002Muckanippie · heavy mineralGrade: 16.4Grade Unit: %Intercept: 27 mView all details
Link to this fact

Identity

Hole ID
24DK002
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
16.4
Grade Unit
%
Intercept
27 m
From
0 m
To
27 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
24DK002:0-27

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This high-grade intercept at the Duke Prospect demonstrates a new style of heavy mineral sands mineralization from surface over a significant width.

Positive factors

  • High grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“27m @ 16.4% HM from surface”

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

24DK003Muckanippie · heavy mineralGrade: 14.6Grade Unit: %Intercept: 42 mView all details
Link to this fact

Identity

Hole ID
24DK003
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
14.6
Grade Unit
%
Intercept
42 m
From
0 m
To
42 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
24DK003:0-42

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This high-grade intercept at the Duke Prospect demonstrates a new style of heavy mineral sands mineralization from surface over a very significant width.

Positive factors

  • High grade for heavy mineral sands
  • Very significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“42m @ 14.6% HM from surface”

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

24DK003Muckanippie · titanium dioxideGrade: 34.4Grade Unit: %Intercept: 41 mView all details
Link to this fact

Identity

Hole ID
24DK003
Project
Muckanippie
Commodity
titanium dioxide
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
34.4
Grade Unit
%
Intercept
41 m

Classification

Program
exploration
Sample Type
drill

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional TiO2 intercept at the Duke Prospect confirms high-quality titanium mineralization over a significant width, with very low deleterious elements.

Positive factors

  • Exceptional grade for titanium dioxide
  • Very significant intercept length
  • New style of high-grade mineralization
  • Low deleterious elements

Negative factors

  • Apparent width only
  • From/to depths not explicitly stated for TiO2 interval

Evidence · text

“41m @ 34.4% TiO2”

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

24DK003Muckanippie · titanium dioxideGrade: 59.6Grade Unit: %Intercept: 9 mView all details
Link to this fact

Identity

Hole ID
24DK003
Project
Muckanippie
Commodity
titanium dioxide
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
59.6
Grade Unit
%
Intercept
9 m
From
9 m
To
18 m
Intercept Depth
9 m

Classification

Program
exploration
Sample Type
drill
Group ID
24DK003:9-18

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade TiO2 sub-interval further highlights the quality of the new style of titanium mineralization at the Duke Prospect, with very low deleterious elements.

Positive factors

  • Exceptional grade for titanium dioxide
  • Very high-grade sub-interval
  • New style of high-grade mineralization
  • Low deleterious elements

Negative factors

  • Apparent width only

Evidence · text

“9m @ 59.6% TiO2 from 9m”

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

25DK009Muckanippie · heavy mineralGrade: 30.9Grade Unit: %Intercept: 9 mView all details
Link to this fact

Identity

Hole ID
25DK009
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
30.9
Grade Unit
%
Intercept
9 m
From
6 m
To
15 m
Intercept Depth
6 m

Classification

Program
exploration
Sample Type
drill
Group ID
25DK009:6-15

Location

Location
Duke Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Duke Prospect demonstrates a new style of high-grade heavy mineral sands mineralization over a good width.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Good intercept length
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“9m @ 30.9% HM from 6m”

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

25ND011Muckanippie · heavy mineralGrade: 31.5Grade Unit: %Intercept: 35 mView all details
Link to this fact

Identity

Hole ID
25ND011
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
31.5
Grade Unit
%
Intercept
35 m
From
18 m
To
53 m
Intercept Depth
18 m

Classification

Program
exploration
Sample Type
drill
Group ID
25ND011:18-53

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization over a significant width, indicating strong exploration success.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant intercept length
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“35m @ 31.5% HM from 18m”

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

24ND002Muckanippie · heavy mineralGrade: 23.9Grade Unit: %Intercept: 44 mView all details
Link to this fact

Identity

Hole ID
24ND002
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
23.9
Grade Unit
%
Intercept
44 m
From
1 m
To
45 m
Intercept Depth
1 m

Classification

Program
exploration
Sample Type
drill
Group ID
24ND002:1-45

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization over a very significant width from shallow depths.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Very significant intercept length
  • Shallow mineralization
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“44m @ 23.9% HM from 1m”

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

25ND022Muckanippie · heavy mineralGrade: 16.3Grade Unit: %Intercept: 60 mView all details
Link to this fact

Identity

Hole ID
25ND022
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
16.3
Grade Unit
%
Intercept
60 m
From
0 m
To
60 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
25ND022:0-60

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This high-grade intercept at the Nardoo Prospect demonstrates a new style of heavy mineral sands mineralization from surface over a very significant width.

Positive factors

  • High grade for heavy mineral sands
  • Very significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“60m @ 16.3% HM from surface”

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

25ND018Muckanippie · heavy mineralGrade: 25.7Grade Unit: %Intercept: 36 mView all details
Link to this fact

Identity

Hole ID
25ND018
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
25.7
Grade Unit
%
Intercept
36 m
From
0 m
To
36 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
25ND018:0-36

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“36m @ 25.7% HM from surface”

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

25ND019Muckanippie · heavy mineralGrade: 30.4Grade Unit: %Intercept: 30 mView all details
Link to this fact

Identity

Hole ID
25ND019
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
30.4
Grade Unit
%
Intercept
30 m
From
0 m
To
30 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
25ND019:0-30

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a significant width.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“30m @ 30.4% HM from surface”

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

24ND003Muckanippie · heavy mineralGrade: 29.4Grade Unit: %Intercept: 44 mView all details
Link to this fact

Identity

Hole ID
24ND003
Project
Muckanippie
Commodity
heavy mineral
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
29.4
Grade Unit
%
Intercept
44 m
From
0 m
To
44 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
24ND003:0-44

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional intercept at the Nardoo Prospect demonstrates a new style of high-grade heavy mineral sands mineralization from surface over a very significant width.

Positive factors

  • Exceptional grade for heavy mineral sands
  • Very significant intercept length
  • Shallow mineralization from surface
  • New style of high-grade mineralization

Negative factors

  • Apparent width only

Evidence · text

“44m @ 29.4% HM from surface”

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

24ND003Muckanippie · titanium dioxideGrade: 27.6Grade Unit: %Intercept: 42 mView all details
Link to this fact

Identity

Hole ID
24ND003
Project
Muckanippie
Commodity
titanium dioxide
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
27.6
Grade Unit
%
Intercept
42 m
From
2 m
To
44 m
Intercept Depth
2 m

Classification

Program
exploration
Sample Type
drill
Group ID
24ND003:2-44

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptional TiO2 intercept at the Nardoo Prospect confirms high-quality titanium mineralization over a significant width, with very low deleterious elements.

Positive factors

  • Exceptional grade for titanium dioxide
  • Very significant intercept length
  • New style of high-grade mineralization
  • Low deleterious elements

Negative factors

  • Apparent width only

Evidence · text

“42m @ 27.6% TiO2 from 2m”

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

24ND003Muckanippie · titanium dioxideGrade: 37.6Grade Unit: %Intercept: 15 mView all details
Link to this fact

Identity

Hole ID
24ND003
Project
Muckanippie
Commodity
titanium dioxide
Region
australia_sa
Reported Region
australia_sa
Ticker
PTR

Geometry

Grade
37.6
Grade Unit
%
Intercept
15 m
From
29 m
To
44 m
Intercept Depth
2 m

Classification

Program
exploration
Sample Type
drill
Group ID
24ND003:29-44

Location

Location
Nardoo Prospect
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This exceptionally high-grade TiO2 sub-interval further highlights the quality of the new style of titanium mineralization at the Nardoo Prospect, with very low deleterious elements.

Positive factors

  • Exceptional grade for titanium dioxide
  • Very high-grade sub-interval
  • New style of high-grade mineralization
  • Low deleterious elements

Negative factors

  • Apparent width only

Evidence · text

“15m @ 37.6% TiO2 from 29m”

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 (42)

indicatedRosewood · heavy mineralTonnes: 263000000Grade: 10.1Grade Unit: %Contained Metal: 26.6Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:50dcc248220b1aaf2eed
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
263000000
Grade
10.1
Grade Unit
%
Contained Metal
26.6
Contained Unit
mt
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This is a significant portion of the maiden resource, classified as Indicated, with a high grade for heavy mineral sands, contributing strongly to the project's overall potential.

Positive factors

  • Maiden resource estimate
  • High grade for heavy mineral sands
  • Indicated category provides good confidence
  • JORC compliant

Evidence · table

“10.1”

Context: 263

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

indicatedRosewood · rutileTonnes: 263000000Grade: 3.9Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:50dcc248220b1aaf2eed
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
263000000
Grade
3.9
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The rutile content within the Indicated Rosewood East resource adds to the overall value proposition of the heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Rutile is a valuable component of heavy mineral sands

Evidence · table

“3.9”

Context: 263

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

indicatedRosewood · leucoxeneTonnes: 263000000Grade: 82Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:50dcc248220b1aaf2eed
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
263000000
Grade
82
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The leucoxene content within the Indicated Rosewood East resource further enhances the economic potential of the heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Leucoxene is a valuable component of heavy mineral sands

Evidence · table

“82”

Context: 263

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

indicatedRosewood · ilmeniteTonnes: 263000000Grade: 9Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:50dcc248220b1aaf2eed
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
263000000
Grade
9
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The ilmenite content within the Indicated Rosewood East resource contributes to the overall heavy mineral sands product suite.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Ilmenite is a valuable component of heavy mineral sands

Evidence · table

“9”

Context: 263

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

inferredRosewood · heavy mineralTonnes: 31000000Grade: 6.1Grade Unit: %Contained Metal: 1.9Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5ece14a9987d7195cea8
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
31000000
Grade
6.1
Grade Unit
%
Contained Metal
1.9
Contained Unit
mt
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This Inferred portion of the Rosewood East resource adds to the overall tonnage, but with lower confidence than the Indicated category.

Positive factors

  • Maiden resource estimate
  • Good grade for heavy mineral sands
  • JORC compliant

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“6.1”

Context: 31

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

inferredRosewood · rutileTonnes: 31000000Grade: 2.9Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5ece14a9987d7195cea8
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
31000000
Grade
2.9
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The rutile content in the Inferred Rosewood East resource contributes to the overall potential, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Rutile is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.9”

Context: 31

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

inferredRosewood · leucoxeneTonnes: 31000000Grade: 68Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5ece14a9987d7195cea8
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
31000000
Grade
68
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The leucoxene content in the Inferred Rosewood East resource adds to the project's potential, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Leucoxene is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“68”

Context: 31

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

inferredRosewood · ilmeniteTonnes: 31000000Grade: 21Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5ece14a9987d7195cea8
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
31000000
Grade
21
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The ilmenite content in the Inferred Rosewood East resource contributes to the overall heavy mineral sands product suite, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Ilmenite is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“21”

Context: 31

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

indicatedRosewood · heavy mineralTonnes: 1000000Grade: 4Grade Unit: %Contained Metal: 0.05Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ba1a3bdb2d204ba86b3
Deposit or zone
Rosewood West

Resource Data

Category
indicated
Tonnes
1000000
Grade
4
Grade Unit
%
Contained Metal
0.05
Contained Unit
mt
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This small Indicated portion of the Rosewood West resource adds to the overall resource, but with a lower grade than the main Rosewood East deposit.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • JORC compliant

Negative factors

  • Lower grade compared to Rosewood East

Evidence · table

“4.0”

Context: 1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

indicatedRosewood · rutileTonnes: 1000000Grade: 2.6Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ba1a3bdb2d204ba86b3
Deposit or zone
Rosewood West

Resource Data

Category
indicated
Tonnes
1000000
Grade
2.6
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The rutile content in the Indicated Rosewood West resource is lower than the main Rosewood East deposit, but still contributes to the overall heavy mineral sands.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence

Negative factors

  • Lower rutile content compared to Rosewood East

Evidence · table

“2.6”

Context: 1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedRosewood · leucoxeneTonnes: 1000000Grade: 59Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ba1a3bdb2d204ba86b3
Deposit or zone
Rosewood West

Resource Data

Category
indicated
Tonnes
1000000
Grade
59
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The leucoxene content in the Indicated Rosewood West resource is lower than the main Rosewood East deposit, but still contributes to the overall heavy mineral sands.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence

Negative factors

  • Lower leucoxene content compared to Rosewood East

Evidence · table

“59”

Context: 1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedRosewood · ilmeniteTonnes: 1000000Grade: 32Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:2ba1a3bdb2d204ba86b3
Deposit or zone
Rosewood West

Resource Data

Category
indicated
Tonnes
1000000
Grade
32
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The ilmenite content in the Indicated Rosewood West resource is higher than Rosewood East, offering a different product mix within the heavy mineral sands.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Higher ilmenite content compared to Rosewood East

Evidence · table

“32”

Context: 1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

inferredRosewood · heavy mineralTonnes: 168000000Grade: 7.1Grade Unit: %Contained Metal: 12Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d4a6ab17f47563285fe8
Deposit or zone
Rosewood West

Resource Data

Category
inferred
Tonnes
168000000
Grade
7.1
Grade Unit
%
Contained Metal
12
Contained Unit
mt
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This large Inferred portion of the Rosewood West resource significantly adds to the overall tonnage, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Good grade for heavy mineral sands
  • JORC compliant

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“7.1”

Context: 168

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

inferredRosewood · rutileTonnes: 168000000Grade: 1.8Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d4a6ab17f47563285fe8
Deposit or zone
Rosewood West

Resource Data

Category
inferred
Tonnes
168000000
Grade
1.8
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The rutile content in the Inferred Rosewood West resource contributes to the overall potential, but is lower than Rosewood East and requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Rutile is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence
  • Lower rutile content compared to Rosewood East

Evidence · table

“1.8”

Context: 168

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

inferredRosewood · leucoxeneTonnes: 168000000Grade: 63Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d4a6ab17f47563285fe8
Deposit or zone
Rosewood West

Resource Data

Category
inferred
Tonnes
168000000
Grade
63
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The leucoxene content in the Inferred Rosewood West resource adds to the project's potential, but is lower than Rosewood East and requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Leucoxene is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence
  • Lower leucoxene content compared to Rosewood East

Evidence · table

“63”

Context: 168

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

inferredRosewood · ilmeniteTonnes: 168000000Grade: 23Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:d4a6ab17f47563285fe8
Deposit or zone
Rosewood West

Resource Data

Category
inferred
Tonnes
168000000
Grade
23
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The ilmenite content in the Inferred Rosewood West resource is higher than Rosewood East, offering a different product mix, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Ilmenite is a valuable component of heavy mineral sands
  • Higher ilmenite content compared to Rosewood East

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“23”

Context: 168

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

indicatedRosewood · heavy mineralTonnes: 264000000Grade: 10.1Grade Unit: %Contained Metal: 26.7Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:76a65b7e75a886283958
Deposit or zone
COMBINED

Resource Data

Category
indicated
Tonnes
264000000
Grade
10.1
Grade Unit
%
Contained Metal
26.7
Contained Unit
mt
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This combined Indicated resource represents a substantial and high-confidence portion of the maiden MRE for the Rosewood project.

Positive factors

  • Maiden resource estimate
  • High grade for heavy mineral sands
  • Indicated category provides good confidence
  • JORC compliant

Evidence · table

“10.1”

Context: 264

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

indicatedRosewood · rutileTonnes: 264000000Grade: 3.9Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:76a65b7e75a886283958
Deposit or zone
COMBINED

Resource Data

Category
indicated
Tonnes
264000000
Grade
3.9
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The combined Indicated rutile content contributes significantly to the overall value of the Rosewood heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Rutile is a valuable component of heavy mineral sands

Evidence · table

“3.9”

Context: 264

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

indicatedRosewood · leucoxeneTonnes: 264000000Grade: 82Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:76a65b7e75a886283958
Deposit or zone
COMBINED

Resource Data

Category
indicated
Tonnes
264000000
Grade
82
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The combined Indicated leucoxene content further enhances the economic potential of the Rosewood heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Leucoxene is a valuable component of heavy mineral sands

Evidence · table

“82”

Context: 264

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

indicatedRosewood · ilmeniteTonnes: 264000000Grade: 9Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:76a65b7e75a886283958
Deposit or zone
COMBINED

Resource Data

Category
indicated
Tonnes
264000000
Grade
9
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The combined Indicated ilmenite content contributes to the overall heavy mineral sands product suite from the Rosewood project.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Ilmenite is a valuable component of heavy mineral sands

Evidence · table

“9”

Context: 264

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

inferredRosewood · heavy mineralTonnes: 199000000Grade: 7Grade Unit: %Contained Metal: 13.9Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:417684d55d2035ea7450
Deposit or zone
COMBINED

Resource Data

Category
inferred
Tonnes
199000000
Grade
7
Grade Unit
%
Contained Metal
13.9
Contained Unit
mt
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This large combined Inferred resource adds significant tonnage to the maiden MRE, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Good grade for heavy mineral sands
  • JORC compliant

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“7.0”

Context: 199

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

inferredRosewood · rutileTonnes: 199000000Grade: 2Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:417684d55d2035ea7450
Deposit or zone
COMBINED

Resource Data

Category
inferred
Tonnes
199000000
Grade
2
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The combined Inferred rutile content contributes to the overall potential, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Rutile is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.0”

Context: 199

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

inferredRosewood · leucoxeneTonnes: 199000000Grade: 64Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:417684d55d2035ea7450
Deposit or zone
COMBINED

Resource Data

Category
inferred
Tonnes
199000000
Grade
64
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The combined Inferred leucoxene content adds to the project's potential, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Leucoxene is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“64”

Context: 199

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

inferredRosewood · ilmeniteTonnes: 199000000Grade: 23Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:417684d55d2035ea7450
Deposit or zone
COMBINED

Resource Data

Category
inferred
Tonnes
199000000
Grade
23
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The combined Inferred ilmenite content contributes to the overall heavy mineral sands product suite, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Ilmenite is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“23”

Context: 199

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

TOTALRosewood · heavy mineralTonnes: 463000000Grade: 8.8Grade Unit: %Contained Metal: 40.6Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a15944d55c38d2f1f2d3
Deposit or zone
TOTAL

Resource Data

Tonnes
463000000
Grade
8.8
Grade Unit
%
Contained Metal
40.6
Contained Unit
mt
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total maiden Mineral Resource Estimate for Rosewood is a significant achievement, demonstrating a large, high-grade heavy mineral sands deposit with substantial contained metal.

Positive factors

  • Maiden resource estimate
  • Large tonnage and high grade for heavy mineral sands
  • Significant contained metal
  • JORC compliant

Evidence · table

“8.8”

Context: 463

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

TOTALRosewood · rutileTonnes: 463000000Grade: 3.2Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a15944d55c38d2f1f2d3
Deposit or zone
TOTAL

Resource Data

Tonnes
463000000
Grade
3.2
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total rutile content within the maiden MRE adds significant value to the Rosewood heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Rutile is a valuable component of heavy mineral sands

Evidence · table

“3.2”

Context: 463

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

TOTALRosewood · leucoxeneTonnes: 463000000Grade: 75Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a15944d55c38d2f1f2d3
Deposit or zone
TOTAL

Resource Data

Tonnes
463000000
Grade
75
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total leucoxene content within the maiden MRE further enhances the economic potential of the Rosewood heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Leucoxene is a valuable component of heavy mineral sands

Evidence · table

“75”

Context: 463

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

TOTALRosewood · ilmeniteTonnes: 463000000Grade: 14Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:a15944d55c38d2f1f2d3
Deposit or zone
TOTAL

Resource Data

Tonnes
463000000
Grade
14
Grade Unit
% in HM
Cutoff Grade
3
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total ilmenite content within the maiden MRE contributes to the overall heavy mineral sands product suite from the Rosewood project.

Positive factors

  • Maiden resource estimate
  • Ilmenite is a valuable component of heavy mineral sands

Evidence · table

“14”

Context: 463

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

indicatedRosewood · heavy mineralTonnes: 196000000Grade: 12.2Grade Unit: %Contained Metal: 23.9Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79f511f3e166f4d4f0f1
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
196000000
Grade
12.2
Grade Unit
%
Contained Metal
23.9
Contained Unit
mt
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This high-grade Indicated resource for Rosewood East, at a higher cut-off, highlights the quality and confidence in the core of the deposit.

Positive factors

  • Maiden resource estimate
  • Very high grade for heavy mineral sands
  • Indicated category provides good confidence
  • JORC compliant

Evidence · table

“12.2”

Context: 196

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

indicatedRosewood · rutileTonnes: 196000000Grade: 4.1Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79f511f3e166f4d4f0f1
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
196000000
Grade
4.1
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The rutile content within the high-grade Indicated Rosewood East resource adds to the overall value proposition of the heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Rutile is a valuable component of heavy mineral sands

Evidence · table

“4.1”

Context: 196

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

indicatedRosewood · leucoxeneTonnes: 196000000Grade: 84Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79f511f3e166f4d4f0f1
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
196000000
Grade
84
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The leucoxene content within the high-grade Indicated Rosewood East resource further enhances the economic potential of the heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Leucoxene is a valuable component of heavy mineral sands

Evidence · table

“84”

Context: 196

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

indicatedRosewood · ilmeniteTonnes: 196000000Grade: 7Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:79f511f3e166f4d4f0f1
Deposit or zone
Rosewood East

Resource Data

Category
indicated
Tonnes
196000000
Grade
7
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The ilmenite content within the high-grade Indicated Rosewood East resource contributes to the overall heavy mineral sands product suite.

Positive factors

  • Maiden resource estimate
  • Indicated category provides good confidence
  • Ilmenite is a valuable component of heavy mineral sands

Evidence · table

“7”

Context: 196

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

inferredRosewood · heavy mineralTonnes: 12000000Grade: 9.3Grade Unit: %Contained Metal: 1.1Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:867f019cd2287bd86662
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
12000000
Grade
9.3
Grade Unit
%
Contained Metal
1.1
Contained Unit
mt
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: This Inferred portion of the Rosewood East resource, at a higher cut-off, adds to the overall tonnage, but with lower confidence than the Indicated category.

Positive factors

  • Maiden resource estimate
  • Good grade for heavy mineral sands
  • JORC compliant

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“9.3”

Context: 12

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

inferredRosewood · rutileTonnes: 12000000Grade: 3.2Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:867f019cd2287bd86662
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
12000000
Grade
3.2
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The rutile content in the Inferred Rosewood East resource, at a higher cut-off, contributes to the overall potential, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Rutile is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“3.2”

Context: 12

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

inferredRosewood · leucoxeneTonnes: 12000000Grade: 70Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:867f019cd2287bd86662
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
12000000
Grade
70
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The leucoxene content in the Inferred Rosewood East resource, at a higher cut-off, adds to the project's potential, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Leucoxene is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“70”

Context: 12

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

inferredRosewood · ilmeniteTonnes: 12000000Grade: 19Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:867f019cd2287bd86662
Deposit or zone
Rosewood East

Resource Data

Category
inferred
Tonnes
12000000
Grade
19
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The ilmenite content in the Inferred Rosewood East resource, at a higher cut-off, contributes to the overall heavy mineral sands product suite, but requires further drilling to upgrade confidence.

Positive factors

  • Maiden resource estimate
  • Ilmenite is a valuable component of heavy mineral sands

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“19”

Context: 12

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

Rosewood EastRosewood · heavy mineralTonnes: 208000000Grade: 12.1Grade Unit: %Contained Metal: 25Contained Unit: mtView all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:612ab5ae41903c3a3429
Deposit or zone
Rosewood East

Resource Data

Tonnes
208000000
Grade
12.1
Grade Unit
%
Contained Metal
25
Contained Unit
mt
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total high-grade Rosewood East resource, at a higher cut-off, demonstrates the substantial and high-quality core of the deposit within the maiden MRE.

Positive factors

  • Maiden resource estimate
  • Very high grade for heavy mineral sands
  • Significant contained metal
  • JORC compliant

Evidence · table

“12.1”

Context: 208

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

Rosewood EastRosewood · rutileTonnes: 208000000Grade: 4Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
rutile
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:612ab5ae41903c3a3429
Deposit or zone
Rosewood East

Resource Data

Tonnes
208000000
Grade
4
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total rutile content within the high-grade Rosewood East resource adds significant value to the heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Rutile is a valuable component of heavy mineral sands

Evidence · table

“4.0”

Context: 208

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Rosewood EastRosewood · leucoxeneTonnes: 208000000Grade: 84Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
leucoxene
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:612ab5ae41903c3a3429
Deposit or zone
Rosewood East

Resource Data

Tonnes
208000000
Grade
84
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total leucoxene content within the high-grade Rosewood East resource further enhances the economic potential of the heavy mineral sands project.

Positive factors

  • Maiden resource estimate
  • Leucoxene is a valuable component of heavy mineral sands

Evidence · table

“84”

Context: 208

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Rosewood EastRosewood · ilmeniteTonnes: 208000000Grade: 8Grade Unit: % in HMView all details
Link to this fact

Identity

Project
Rosewood
Commodity
ilmenite
Ticker
PTR

Resource scope

Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:612ab5ae41903c3a3429
Deposit or zone
Rosewood East

Resource Data

Tonnes
208000000
Grade
8
Grade Unit
% in HM
Cutoff Grade
5.5
Cutoff Unit
% HM

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: The total ilmenite content within the high-grade Rosewood East resource contributes to the overall heavy mineral sands product suite from the project.

Positive factors

  • Maiden resource estimate
  • Ilmenite is a valuable component of heavy mineral sands

Evidence · table

“8”

Context: 208

Tags used in scoring

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

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

Why it applies: contained_metal was not reported

Fact 41View all details
Link to this fact

Identity

Ticker
PTR

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: A successful $12 million placement provides crucial funding to advance the Rosewood project and broader Muckanippie exploration, demonstrating investor confidence.

Positive factors

  • Significant capital raised
  • Provides funding for project advancement
  • Placement at a reasonable price

Evidence · text

“$12 million placement at $0.25 per share”

Tags used in scoring

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

Fact 42Muckanippie ProjectView all details
Link to this fact

Identity

Project
Muckanippie Project
Ticker
PTR

Resource scope

Resource group id
resource:67fe8852ed96ae27b457

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Earning a 70% interest in EL 6715 secures PTR's position in a key tenement hosting multiple prospects, including a portion of Rosewood, through a joint venture with Narryer Metals.

Positive factors

  • Increased ownership in key tenement
  • Secures interest in multiple prospects
  • Joint venture with experienced partner

Evidence · text

“earning a 70% interest in EL 6715, which hosts the western portion of Rosewood together with the Echo, Duke, Nardoo and Claypan prospects. PTR manages the resulting joint venture with Narryer Metals Limited, which retains a 30% interest.”

Tags used in scoring

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 (5)

wet separationRosewood · heavy mineralRecovery: 91 %View all details
Link to this fact

Identity

Project
Rosewood
Commodity
heavy mineral
Ticker
PTR

Test Work

Program Status
detailed
Test Type
wet separation
Processing Route
conventional wet separation

Recovery

Recovery
91 %
Recovery Basis
actual_test
Conc. Grade
90.8
Conc. Grade Unit
% HM

Lab

Laboratory
IHC Mining

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Metallurgical testwork confirmed high recovery of heavy minerals using conventional wet separation, producing a high-quality concentrate, which is a significant de-risking step for the project.

Positive factors

  • High recovery for heavy minerals
  • Conventional processing route confirmed
  • High-quality concentrate produced
  • Detailed testwork provides confidence

Evidence · text

“recovering more than 91% of the HM into a high-quality concentrate containing 90.8% HM”
Fact 2Rosewood · titanium dioxideView all details
Link to this fact

Identity

Project
Rosewood
Commodity
titanium dioxide
Ticker
PTR

Test Work

Sample
five titanium-rich product streams

Recovery

Conc. Grade
55.4
Conc. Grade Unit
% TiO2

Lab

Laboratory
IHC Mining

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Preliminary mineral separation testwork successfully produced multiple titanium-rich product streams with good grades, indicating potential for diverse end-products.

Positive factors

  • Production of multiple titanium-rich product streams
  • Good concentrate grade for titanium dioxide

Evidence · text

“five titanium-rich product streams grading between 55.4% and 84.2% TiO₂”
Fact 3Rosewood · titanium dioxideView all details
Link to this fact

Identity

Project
Rosewood
Commodity
titanium dioxide
Ticker
PTR

Test Work

Sample
five titanium-rich product streams

Recovery

Conc. Grade
84.2
Conc. Grade Unit
% TiO2

Lab

Laboratory
IHC Mining

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Preliminary mineral separation testwork successfully produced multiple titanium-rich product streams, with the highest grade reaching 84.2% TiO2, indicating high-quality potential.

Positive factors

  • Production of multiple titanium-rich product streams
  • Very high concentrate grade for titanium dioxide

Evidence · text

“five titanium-rich product streams grading between 55.4% and 84.2% TiO₂”
Fact 4Rosewood · titanium dioxideView all details
Link to this fact

Identity

Project
Rosewood
Commodity
titanium dioxide
Ticker
PTR

Test Work

Sample
five titanium-rich product streams

Recovery

Conc. Grade
67
Conc. Grade Unit
% TiO2

Lab

Laboratory
IHC Mining

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: Preliminary mineral separation testwork successfully produced multiple titanium-rich product streams with a strong average yield of 67% TiO2, indicating good product quality.

Positive factors

  • Production of multiple titanium-rich product streams
  • Good average concentrate grade for titanium dioxide

Evidence · text

“average product yield of 67% TiO2”
Fact 5Rosewood East · heavy mineralHead Grade: 13Head Grade Unit: % HMView all details
Link to this fact

Identity

Project
Rosewood East
Commodity
heavy mineral
Ticker
PTR

Test Work

Program Status
detailed
Sample
second bulk sample (RM04) from the Rosewood East area

Recovery

Head Grade
13
Head Grade Unit
% HM

Lab

Laboratory
Mineral Technologies

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-29T00:00:00.000Z

Reasoning: A second bulk sample from Rosewood East confirmed a very high head grade, supporting ongoing detailed metallurgical and plant design studies.

Positive factors

  • High head grade confirmed for bulk sample
  • Sample is representative of the mineralization
  • Advanced testwork initiated

Evidence · text

“overall grade of this second bulk sample has been determined to be 13% HM”

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.