QEM: Exploration Programme for the Big It Tungsten Project
Original announcement by asx on
- Company
- QEM Limited
- Ticker
- QEM
- Exchange
- ASX
- Region
- Idaho, United States
- Primary commodity
- Tungsten
- Secondary commodities
- Antimony, Gold
- Document categories
- Other, Drill results
- Extracted
- 2026-10-05 23:03:04 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
QEM Limited has announced a staged, three-phase exploration programme for the Big It Tungsten Project in Idaho, USA. The programme will progress from reconnaissance and validation to ground surveys and potentially first-pass diamond drilling to test the historical W-Sb-Au mineralised system.
Reasoning: The announcement outlines a new three-phase exploration programme for a brownfields tungsten project with strong historical high-grade indicators, though current results are pending.
Positive factors
- High-grade historical tungsten concentrates (67–75% WO3)
- Demonstrated polymetallic W-Sb-Au system
- Existing underground development provides early access
- Staged, results-driven exploration approach
Negative factors
- Historical data has not been independently verified
- Current programme is in early reconnaissance/validation phase
- Historical sampling lacks surveyed locations or representative widths
Facts used in scoring: 4
Classification and evidence
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: Project is located immediately adjacent to the Coeur d’Alene mineral belt.
Evidence · text
“located immediately adjacent to the Coeur d’Alene mineral belt”
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The announcement focuses on a new exploration programme but relies heavily on re-stating historical high-grade intercepts.
Evidence · text
“The historical exploration results referred to in this announcement are derived principally from historical data”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Big It · tungstenGrade: 4.45Grade Unit: %Intercept: 0.172 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Big It
- Commodity
- tungsten
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- QEM
Geometry
- Grade
- 4.45
- Grade Unit
- %
- Intercept
- 0.172 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 1953-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: Historical average grade from 1952-1953 DMEA programme.
Positive factors
- High grade reported in historical DMEA programme
Negative factors
- Pre-dates modern reporting standards
- Not independently verified
Evidence · text
“average grades of 4.45% WO3 over an average vein width of 6.8" (17.2 cm)”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Exploration Programme for the Big It Tungsten Project Big It Project Garden=n Valley Project IDAHO Boise Townsville Bris"
Fact 2Big It · tungstenGrade: 7.45Grade Unit: %Intercept: 0.109 mHistorical resultNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Big It
- Commodity
- tungsten
- Region
- usa_id
- Reported Region
- usa_id
- Ticker
- QEM
Geometry
- Grade
- 7.45
- Grade Unit
- %
- Intercept
- 0.109 m
Classification
- Sample Type
- drill
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- Yes
- Historical Source Date
- 1953-01-01T00:00:00.000Z
Dates
- Event date
- 2026-10-05T00:00:00.000Z
Reasoning: Historical average grade from 1952-1953 DMEA programme.
Positive factors
- High grade reported in historical DMEA programme
Negative factors
- Pre-dates modern reporting standards
- Not independently verified
Evidence · text
“7.45% WO3 over 4.3" (10.9 cm)”
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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "Exploration Programme for the Big It Tungsten Project Big It Project Garden=n Valley Project IDAHO Boise Townsville Bris"
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.