QML: FY26 Annual Report
Original announcement by asx on
- Company
- QMines Limited
- Ticker
- QML
- Exchange
- ASX
- Region
- Central Queensland
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver, Zinc, Lead
- Document categories
- Resource update, Drill results, Other
- Extracted
- 2026-09-30 08:37:43 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
QMines Limited's FY26 Annual Report details significant progress in its copper-gold exploration and development strategy, primarily focused on the Mt Chalmers Copper-Gold Project. Key achievements include the commencement of a Definitive Feasibility Study (DFS), supported by a $15 million strategic funding package, and successful drilling campaigns. The company also reported an updated Mineral Resource Estimate for Mount Mackenzie, showing a 32% increase in contained gold and a 30% increase in contained silver, with 70% of gold now classified as Indicated. New high-grade drill results from Mt Chalmers were also highlighted.
Reasoning: QMines Limited's FY26 Annual Report highlights substantial progress in de-risking its flagship Mt Chalmers project with the commencement of a DFS and securing significant strategic funding. The updated Mt Mackenzie MRE shows strong growth in contained metal and improved confidence, despite a lower average grade. New high-grade drill results from Mt Chalmers further demonstrate exploration success.
Positive factors
- Strategic funding secured
- Definitive Feasibility Study commenced
- Significant resource upgrades
- High-grade drill intercepts
- Category upgrade for Mt Mackenzie gold
- Acquisition of key land for Botos deposit
Negative factors
- Metal equivalent assumptions not disclosed for Develin Creek drill results
- Grade dilution in Mt Mackenzie resource update
Facts used in scoring: 54
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The document explicitly states that exploration results have been compiled under the supervision of Tom Bartschi, a Member of the Australian Institute of Geoscientists, who qualifies as a Competent Person under the 2012 JORC Code.
Evidence · text
“The information in this document relating to Exploration Results has been compiled under the supervision of Tom Bartschi, a Member of the Australian Institute of Geoscientists. Mr Bartschi is a full time employee of QMines Limited and has sufficient experience relevant to the style of mineralisation, the type of deposit under consideration and the activities undertaken to qualify as a Competent Person under the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Bartschi has consented to the inclusion of this information in the form and context in which it appears.”
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: The drill results for Develin Creek are reported as CuEq without disclosing the underlying price, recovery, or payability assumptions used for the calculation.
Evidence · text
“significant intercepts including 34m @ 2.2% CuEq from 137m (DCRC088) and 7m @ 6.0% CuEq from 69m (DCRC089)”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept of 16m @ 19.35g/t Au at Mount Mackenzie (MMDD010) is exceptionally high-grade for an epithermal gold deposit, well above the exceptional threshold of 5 g/t Au, and includes a peak assay of 108g/t Au.
Evidence · text
“including 16m @ 19.35g/t Au and 27.8g/t Ag from 8m at Vein 355 (MMDD010, including visible gold and a peak assay of 108g/t Au - Figure 5)”
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The Mt Chalmers project reports 5.1 Mt of copper at 0.72% Cu in the Proved Reserve category, indicating the highest level of confidence in economic viability.
Evidence · table
“Proved”
Context: 5.1
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The Mt Chalmers project reports 4.5 Mt of copper at 0.57% Cu in the Probable Reserve category, indicating a high level of confidence in economic viability.
Evidence · table
“Probable”
Context: 4.5
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The Mt Chalmers project reports 4.2 Mt of copper at 0.89% Cu in the Measured Resource category, indicating the highest level of geological confidence.
Evidence · table
“Measured”
Context: 4.2
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The Mt Chalmers project reports 5.8 Mt of copper at 0.69% Cu in the Indicated Resource category, and the Develin Creek project reports 4.22 Mt of copper at 0.98% Cu in the Indicated Resource category, indicating reasonable geological confidence.
Evidence · table
“Indicated”
Context: 5.8
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Mt Chalmers project reports 1.3 Mt of copper at 0.60% Cu in the Inferred Resource category, and the Woods Shaft project reports 0.54 Mt of copper at 0.50% Cu in the Inferred Resource category, indicating a speculative level of geological confidence.
Evidence · table
“Inferred”
Context: 1.3
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The updated Mt Mackenzie MRE reports that approximately 70% of contained gold is now classified as Indicated, indicating an improvement in resource confidence.
Evidence · text
“approximately 70% of contained gold now classified as indicated”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The updated Mt Mackenzie MRE shows a 55.8% increase in tonnage (5.22 Mt vs 3.35 Mt) compared to the prior estimate.
Evidence · text
“updated Mineral Resource Estimate (MRE) for Mount Mackenzie, announced on 5 August 2026, subsequent to year end. ... comprises 5.22Mt @ 1.01g/t Au and 6.7g/t Ag for 170,000oz gold and 1.12 million ounces of silver (0.4g/t Au cut-off), ... delivers a 32% increase in contained gold and a 30% increase in contained silver relative to the Resource acquired from Resources & Energy Group, with approximately 70% of contained gold now classified as indicated”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: The updated Mt Mackenzie MRE delivers a 32% increase in contained gold (170,000oz vs 151,000oz) and a 30% increase in contained silver (1.12 Moz vs 0.902 Moz) relative to the acquired resource.
Evidence · text
“delivers a 32% increase in contained gold and a 30% increase in contained silver relative to the Resource acquired from Resources & Energy Group”
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 report explicitly states that the Ore Reserve Estimate was compiled by Gary McCrae, a Competent Person, and the Mineral Resource Estimate by Stephen Hyland, a Competent Person and Qualified Person.
Evidence · text
“The information in this report relating to the Open Pit Optimisation and the Ore Reserve Estimate is based on work compiled by Gary McCrae, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. ... The information in this report relating to Mineral Resource estimation is based on work completed by Stephen Hyland, a Competent Person and Fellow of the Australasian Institute of Mining and Metallurgy.”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: All resource estimates are reported in accordance with the JORC Code (2012) and estimated by a Competent Person as defined by the JORC Code.
Evidence · text
“All resource estimates are reported in accordance with the JORC Code (2012) and estimated by a Competent Person as defined by the JORC Code”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: Stephen Hyland, the Competent Person for the Mineral Resource Estimate, is also a Qualified Person under the rules of the Canadian Instrument NI 43-101.
Evidence · text
“Mr Hyland is also a Qualified Person under the rules of the Canadian Instrument NI 43 101.”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The updated Mt Mackenzie MRE shows a 27.9% decline in gold grade (1.01 g/t vs 1.40 g/t) and a 20.2% decline in silver grade (6.7 g/t vs 8.4 g/t) compared to the prior estimate.
Evidence · text
“updated Mineral Resource Estimate (MRE) for Mount Mackenzie, announced on 5 August 2026, subsequent to year end. ... comprises 5.22Mt @ 1.01g/t Au and 6.7g/t Ag for 170,000oz gold and 1.12 million ounces of silver (0.4g/t Au cut-off), ... delivers a 32% increase in contained gold and a 30% increase in contained silver relative to the Resource acquired from Resources & Energy Group, with approximately 70% of contained gold now classified as indicated”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The effective date for the Mt Chalmers Ore Reserve and Mineral Resource Estimate is April 30, 2024, and for the Woods Shaft Mineral Resource Estimate is November 22, 2022, both of which are more than two years old.
Evidence · text
“Mt Chalmers Copper-Gold Project - Definitive Feasibility Study ... The project is underpinned by an April 2024 Pre-Feasibility Study (PFS), which demonstrated a maiden Ore Reserve of 9.6Mt (Proved and Probable)”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document announces an updated JORC (2012) Mineral Resource Estimate for the Mount Mackenzie Gold and Silver Project.
Evidence · text
“Subsequent to year end, QMines announced an updated JORC (2012) Mineral Resource Estimate (MRE) for its 100% owned Mount Mackenzie Gold and Silver Project”
Extracted facts
Stored fact records: 54. Some facts used in scoring do not have a stored record.
Drill Results (10)
26MCDD008Mt Chalmers · copperGrade: 0.31Grade Unit: %Intercept: 8 mView all detailsHide details
Identity
- Hole ID
- 26MCDD008
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 0.31
- Grade Unit
- %
- Intercept
- 8 m
- From
- 56 m
- To
- 64 m
- Intercept Depth
- 56 m
Classification
- Deposit Type
- vms
- Program
- resource
- Sample Type
- drill
- Group ID
- 26MCDD008:56-64
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: While part of a significant polymetallic intercept, the copper grade itself is weak for a VMS deposit.
Positive factors
- Shallow depth
- Polymetallic nature
Negative factors
- Copper grade is weak for VMS deposit type
Evidence · text
“Drill hole 26MCDD008 tested a shallow polymetallic lens returning 8m at 5.14g/t Au, 132g/t Ag, 4.68% Zn and 0.31% Cu from 56m”
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"
26MCDD008Mt Chalmers · goldGrade: 0.84Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- 26MCDD008
- Project
- Mt Chalmers
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 0.84
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 67 m
- To
- 77 m
- Intercept Depth
- 67 m
Classification
- Deposit Type
- vms
- Program
- resource
- Sample Type
- drill
- Group ID
- 26MCDD008:67-77
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This second shallow interval shows good silver and zinc grades, with a moderate gold grade, contributing to the overall polymetallic potential.
Positive factors
- Good silver grade
- Good zinc grade
- Shallow depth
- Polymetallic nature
Negative factors
- Gold grade is moderate for VMS deposit type
Evidence · text
“together with a second interval of 10m at 2.24% Zn, 115g/t Ag and 0.84g/t Au from 67m.”
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"
26MCDD008Mt Chalmers · silverGrade: 115Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- 26MCDD008
- Project
- Mt Chalmers
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 115
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 67 m
- To
- 77 m
- Intercept Depth
- 67 m
Classification
- Deposit Type
- vms
- Program
- resource
- Sample Type
- drill
- Group ID
- 26MCDD008:67-77
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This second shallow interval shows exceptional silver and good zinc grades, indicating significant polymetallic mineralization close to surface.
Positive factors
- Exceptional silver grade
- Good zinc grade
- Shallow depth
- Polymetallic nature
Evidence · text
“together with a second interval of 10m at 2.24% Zn, 115g/t Ag and 0.84g/t Au from 67m.”
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"
26MCDD008Mt Chalmers · zincGrade: 2.24Grade Unit: %Intercept: 10 mView all detailsHide details
Identity
- Hole ID
- 26MCDD008
- Project
- Mt Chalmers
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 2.24
- Grade Unit
- %
- Intercept
- 10 m
- From
- 67 m
- To
- 77 m
- Intercept Depth
- 67 m
Classification
- Deposit Type
- vms
- Program
- resource
- Sample Type
- drill
- Group ID
- 26MCDD008:67-77
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This second shallow interval shows exceptional zinc and good silver grades, indicating significant polymetallic mineralization close to surface.
Positive factors
- Exceptional zinc grade
- Good silver grade
- Shallow depth
- Polymetallic nature
Evidence · text
“together with a second interval of 10m at 2.24% Zn, 115g/t Ag and 0.84g/t Au from 67m.”
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"
MMDD007Mount Mackenzie South · goldGrade: 3.01Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- MMDD007
- Project
- Mount Mackenzie South
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 3.01
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 171 m
- To
- 172 m
- Hole Depth
- 171 m
- Intercept Depth
- 171 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMDD007:171-172
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This narrow but high-grade intercept is significant for identifying a deeper, copper-bearing feeder position, opening up new exploration potential.
Positive factors
- High gold grade
- High silver grade
- Copper-bearing feeder position identified
Negative factors
- Narrow intercept length
Evidence · text
“1m @ 3.01g/t Au, 93.8g/t Ag and 1.55% Cu from 171m (MMDD007)”
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
MMDD007Mount Mackenzie South · silverGrade: 93.8Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- MMDD007
- Project
- Mount Mackenzie South
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 93.8
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 171 m
- To
- 172 m
- Hole Depth
- 171 m
- Intercept Depth
- 171 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMDD007:171-172
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This narrow but exceptional silver grade intercept is significant for identifying a deeper, copper-bearing feeder position, opening up new exploration potential.
Positive factors
- Exceptional silver grade
- High gold grade
- Copper-bearing feeder position identified
Negative factors
- Narrow intercept length
Evidence · text
“1m @ 3.01g/t Au, 93.8g/t Ag and 1.55% Cu from 171m (MMDD007)”
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
MMDD007Mount Mackenzie South · copperGrade: 1.55Grade Unit: %Intercept: 1 mView all detailsHide details
Identity
- Hole ID
- MMDD007
- Project
- Mount Mackenzie South
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 1.55
- Grade Unit
- %
- Intercept
- 1 m
- From
- 171 m
- To
- 172 m
- Hole Depth
- 171 m
- Intercept Depth
- 171 m
Classification
- Deposit Type
- epithermal
- Program
- exploration
- Sample Type
- drill
- Group ID
- MMDD007:171-172
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This narrow but high-grade copper intercept is significant for identifying a deeper, copper-bearing feeder position, opening up new exploration potential.
Positive factors
- High copper grade
- Identifies deeper copper-bearing feeder position
Negative factors
- Narrow intercept length
Evidence · text
“1m @ 3.01g/t Au, 93.8g/t Ag and 1.55% Cu from 171m (MMDD007)”
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
DCRC089Develin Creek · copperGrade: 6Grade Unit: %Intercept: 7 mView all detailsHide details
Identity
- Hole ID
- DCRC089
- Project
- Develin Creek
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 6
- Grade Unit
- %
- Intercept
- 7 m
- From
- 69 m
- To
- 76 m
- Intercept Depth
- 69 m
Classification
- Deposit Type
- vms
- Program
- resource
- Sample Type
- drill
- Group ID
- DCRC089:69-76
QA/QC
- QP Signed
- Yes
Metal Equivalent
- Metal Eq. Grade
- 6
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This intercept shows an exceptional copper equivalent grade over a moderate length, confirming high-grade mineralization, but the lack of metal equivalent assumptions reduces confidence.
Positive factors
- Exceptional copper equivalent grade
- Confirms high-grade mineralization
Negative factors
- Metal equivalent assumptions not disclosed
Evidence · text
“7m @ 6.0% CuEq from 69m (DCRC089)”
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
Metal Equivalent Opaquenegative
Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.
Why it applies: an equivalent grade is reported without its assumptions
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: drill_program_type is "resource"
26MCRD002Mt Chalmers · copperGrade: 2.88Grade Unit: %Intercept: 35 mView all detailsHide details
Identity
- Hole ID
- 26MCRD002
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 2.88
- Grade Unit
- %
- Intercept
- 35 m
- From
- 107 m
- To
- 142 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: While part of a significant polymetallic intercept, the copper grade itself is weak for a VMS deposit.
Positive factors
- Shallow depth
- Polymetallic nature
Negative factors
- Copper grade is weak for VMS deposit type
Evidence · text
“35m at 2.88% Cu, 0.75g/t Au and 3.3g/t Ag from 107m”
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
26MCRD006Mt Chalmers · copperGrade: 1.99Grade Unit: %Intercept: 32 mView all detailsHide details
Identity
- Hole ID
- 26MCRD006
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- australia_qld
- Ticker
- QML
Geometry
- Grade
- 1.99
- Grade Unit
- %
- Intercept
- 32 m
- From
- 138 m
- To
- 170 m
Classification
- Deposit Type
- vms
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: While part of a significant polymetallic intercept, the copper grade itself is weak for a VMS deposit.
Positive factors
- Shallow depth
- Polymetallic nature
Negative factors
- Copper grade is weak for VMS deposit type
Evidence · text
“32m at 1.99% Cu, 0.39g/t Au and 2.6g/t Ag from 138m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Resource Estimates (44)
provenMt Chalmers · copperTonnes: 5100000Grade: 0.72Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:c060117be3ce6cf532d3
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- proven
- Tonnes
- 5100000
- Grade
- 0.72
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Proven Reserve with a good copper grade, but its effective date is over two years old, reducing its novelty.
Positive factors
- Proven Reserve category
- Good copper grade
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“0.72”
Context: 5.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
provenMt Chalmers · goldTonnes: 5100000Grade: 0.58Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:c060117be3ce6cf532d3
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- proven
- Tonnes
- 5100000
- Grade
- 0.58
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proven Reserve includes a moderate gold grade, but its effective date is over two years old, reducing its novelty.
Positive factors
- Proven Reserve category
Negative factors
- Moderate gold grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.58”
Context: 5.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
provenMt Chalmers · zincTonnes: 5100000Grade: 0.25Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:c060117be3ce6cf532d3
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- proven
- Tonnes
- 5100000
- Grade
- 0.25
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proven Reserve includes a weak zinc grade, and its effective date is over two years old, reducing its novelty.
Positive factors
- Proven Reserve category
Negative factors
- Weak zinc grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.25”
Context: 5.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
provenMt Chalmers · silverTonnes: 5100000Grade: 4.7Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:c060117be3ce6cf532d3
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- proven
- Tonnes
- 5100000
- Grade
- 4.7
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proven Reserve includes a weak silver grade, and its effective date is over two years old, reducing its novelty.
Positive factors
- Proven Reserve category
Negative factors
- Weak silver grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“4.70”
Context: 5.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
provenMt Chalmers · otherTonnes: 5100000Grade: 5.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- other
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:c060117be3ce6cf532d3
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- proven
- Tonnes
- 5100000
- Grade
- 5.8
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Proven Reserve includes a sulfur grade, which is typically a byproduct or penalty element, and its effective date is over two years old, reducing its novelty.
Positive factors
- Proven Reserve category
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“5.80”
Context: 5.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
probableMt Chalmers · copperTonnes: 4500000Grade: 0.57Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:d27b62aef20d2e9d942d
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- probable
- Tonnes
- 4500000
- Grade
- 0.57
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Probable Reserve with a good copper grade, but its effective date is over two years old, reducing its novelty.
Positive factors
- Probable Reserve category
- Good copper grade
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“0.57”
Context: 4.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
probableMt Chalmers · goldTonnes: 4500000Grade: 0.37Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:d27b62aef20d2e9d942d
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- probable
- Tonnes
- 4500000
- Grade
- 0.37
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable Reserve includes a weak gold grade, and its effective date is over two years old, reducing its novelty.
Positive factors
- Probable Reserve category
Negative factors
- Weak gold grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.37”
Context: 4.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
probableMt Chalmers · zincTonnes: 4500000Grade: 0.29Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:d27b62aef20d2e9d942d
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- probable
- Tonnes
- 4500000
- Grade
- 0.29
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable Reserve includes a weak zinc grade, and its effective date is over two years old, reducing its novelty.
Positive factors
- Probable Reserve category
Negative factors
- Weak zinc grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.29”
Context: 4.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
probableMt Chalmers · silverTonnes: 4500000Grade: 5.5Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:d27b62aef20d2e9d942d
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- probable
- Tonnes
- 4500000
- Grade
- 5.5
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable Reserve includes a weak silver grade, and its effective date is over two years old, reducing its novelty.
Positive factors
- Probable Reserve category
Negative factors
- Weak silver grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“5.50”
Context: 4.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
probableMt Chalmers · otherTonnes: 4500000Grade: 3.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- other
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:d27b62aef20d2e9d942d
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- probable
- Tonnes
- 4500000
- Grade
- 3.6
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Probable Reserve includes a sulfur grade, which is typically a byproduct or penalty element, and its effective date is over two years old, reducing its novelty.
Positive factors
- Probable Reserve category
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“3.60”
Context: 4.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
measuredMt Chalmers · copperTonnes: 4200000Grade: 0.89Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:e58f82a7ed28e1c82288
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- measured
- Tonnes
- 4200000
- Grade
- 0.89
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Measured Resource with a good copper grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Measured Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“0.89”
Context: 4.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
measuredMt Chalmers · goldTonnes: 4200000Grade: 0.69Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:e58f82a7ed28e1c82288
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- measured
- Tonnes
- 4200000
- Grade
- 0.69
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured Resource includes a moderate gold grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Measured Resource category
- JORC and NI 43-101 compliant
Negative factors
- Moderate gold grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.69”
Context: 4.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
measuredMt Chalmers · zincTonnes: 4200000Grade: 0.23Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:e58f82a7ed28e1c82288
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- measured
- Tonnes
- 4200000
- Grade
- 0.23
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured Resource includes a weak zinc grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Measured Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak zinc grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.23”
Context: 4.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
measuredMt Chalmers · silverTonnes: 4200000Grade: 4.97Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:e58f82a7ed28e1c82288
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- measured
- Tonnes
- 4200000
- Grade
- 4.97
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured Resource includes a weak silver grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Measured Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak silver grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“4.97”
Context: 4.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
measuredMt Chalmers · otherTonnes: 4200000Grade: 5.37Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- other
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:e58f82a7ed28e1c82288
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- measured
- Tonnes
- 4200000
- Grade
- 5.37
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Measured Resource includes a sulfur grade, which is typically a byproduct or penalty element, and its effective date is over two years old, reducing its novelty.
Positive factors
- Measured Resource category
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“5.37”
Context: 4.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedMt Chalmers · copperTonnes: 5800000Grade: 0.69Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a76947e01e4dca75a364
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- indicated
- Tonnes
- 5800000
- Grade
- 0.69
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Indicated Resource with a good copper grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Indicated Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“0.69”
Context: 5.8
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedMt Chalmers · goldTonnes: 5800000Grade: 0.28Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a76947e01e4dca75a364
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- indicated
- Tonnes
- 5800000
- Grade
- 0.28
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource includes a weak gold grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak gold grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.28”
Context: 5.8
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedMt Chalmers · zincTonnes: 5800000Grade: 0.19Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a76947e01e4dca75a364
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- indicated
- Tonnes
- 5800000
- Grade
- 0.19
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource includes a weak zinc grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak zinc grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.19”
Context: 5.8
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedMt Chalmers · silverTonnes: 5800000Grade: 3.99Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a76947e01e4dca75a364
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- indicated
- Tonnes
- 5800000
- Grade
- 3.99
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource includes a weak silver grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak silver grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“3.99”
Context: 5.8
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedMt Chalmers · otherTonnes: 5800000Grade: 3.77Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- other
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a76947e01e4dca75a364
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- indicated
- Tonnes
- 5800000
- Grade
- 3.77
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource includes a sulfur grade, which is typically a byproduct or penalty element, and its effective date is over two years old, reducing its novelty.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“3.77”
Context: 5.8
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredMt Chalmers · copperTonnes: 1300000Grade: 0.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:673c5effc0fd3e751cce
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.6
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource has a good copper grade, compliant with JORC and NI 43-101, but its lower confidence category and stale effective date reduce its overall positive impact.
Positive factors
- Inferred Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“0.60”
Context: 1.3
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredMt Chalmers · goldTonnes: 1300000Grade: 0.19Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:673c5effc0fd3e751cce
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.19
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource includes a weak gold grade, compliant with JORC and NI 43-101, but its lower confidence category and stale effective date reduce its overall positive impact.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak gold grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.19”
Context: 1.3
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredMt Chalmers · zincTonnes: 1300000Grade: 0.27Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:673c5effc0fd3e751cce
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource includes a weak zinc grade, compliant with JORC and NI 43-101, but its lower confidence category and stale effective date reduce its overall positive impact.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak zinc grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“0.27”
Context: 1.3
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredMt Chalmers · silverTonnes: 1300000Grade: 5.41Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:673c5effc0fd3e751cce
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 5.41
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource includes a weak silver grade, compliant with JORC and NI 43-101, but its lower confidence category and stale effective date reduce its overall positive impact.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak silver grade for VMS deposit type
- Stale estimate (effective date >2 years old)
Evidence · table
“5.41”
Context: 1.3
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredMt Chalmers · otherTonnes: 1300000Grade: 2.02Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- other
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:673c5effc0fd3e751cce
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 2.02
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource includes a sulfur grade, which is typically a byproduct or penalty element, and its effective date is over two years old, reducing its novelty.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“2.02”
Context: 1.3
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedDevelin Creek · copperTonnes: 4220000Grade: 0.98Grade Unit: %View all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:9723d3eb369af8f29568
- Deposit or zone
- Develin Creek
Resource Data
- Category
- indicated
- Tonnes
- 4220000
- Grade
- 0.98
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource shows a good copper grade and high confidence, with 90% of the resource now classified as Indicated, representing a significant upgrade.
Positive factors
- Indicated Resource category
- Good copper grade
- JORC and NI 43-101 compliant
- High confidence in resource classification (90% Indicated)
Evidence · table
“0.98”
Context: 4.22
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedDevelin Creek · zincTonnes: 4220000Grade: 1.08Grade Unit: %View all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:9723d3eb369af8f29568
- Deposit or zone
- Develin Creek
Resource Data
- Category
- indicated
- Tonnes
- 4220000
- Grade
- 1.08
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource shows a good zinc grade and high confidence, with 90% of the resource now classified as Indicated, representing a significant upgrade.
Positive factors
- Indicated Resource category
- Good zinc grade
- JORC and NI 43-101 compliant
- High confidence in resource classification (90% Indicated)
Evidence · table
“1.08”
Context: 4.22
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedDevelin Creek · goldTonnes: 4220000Grade: 0.16Grade Unit: g/tView all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:9723d3eb369af8f29568
- Deposit or zone
- Develin Creek
Resource Data
- Category
- indicated
- Tonnes
- 4220000
- Grade
- 0.16
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource includes a weak gold grade, but benefits from high confidence in resource classification and JORC/NI 43-101 compliance.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
- High confidence in resource classification (90% Indicated)
Negative factors
- Weak gold grade for VMS deposit type
Evidence · table
“0.16”
Context: 4.22
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedDevelin Creek · silverTonnes: 4220000Grade: 6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:9723d3eb369af8f29568
- Deposit or zone
- Develin Creek
Resource Data
- Category
- indicated
- Tonnes
- 4220000
- Grade
- 6
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Indicated Resource includes a weak silver grade, but benefits from high confidence in resource classification and JORC/NI 43-101 compliance.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
- High confidence in resource classification (90% Indicated)
Negative factors
- Weak silver grade for VMS deposit type
Evidence · table
“6.0”
Context: 4.22
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredDevelin Creek · copperTonnes: 480000Grade: 0.61Grade Unit: %View all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:0174336f614a2ca3371c
- Deposit or zone
- Develin Creek
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 0.61
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource shows a good copper grade, compliant with JORC and NI 43-101, but its lower confidence category reduces its overall positive impact.
Positive factors
- Inferred Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Evidence · table
“0.61”
Context: 0.48
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredDevelin Creek · zincTonnes: 480000Grade: 0.41Grade Unit: %View all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- zinc
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:0174336f614a2ca3371c
- Deposit or zone
- Develin Creek
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 0.41
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource includes a weak zinc grade, but benefits from JORC/NI 43-101 compliance, though its lower confidence category reduces its overall positive impact.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak zinc grade for VMS deposit type
Evidence · table
“0.41”
Context: 0.48
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredDevelin Creek · goldTonnes: 480000Grade: 0.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:0174336f614a2ca3371c
- Deposit or zone
- Develin Creek
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 0.1
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource includes a weak gold grade, but benefits from JORC/NI 43-101 compliance, though its lower confidence category reduces its overall positive impact.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak gold grade for VMS deposit type
Evidence · table
“0.10”
Context: 0.48
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredDevelin Creek · silverTonnes: 480000Grade: 3.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Develin Creek
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:0174336f614a2ca3371c
- Deposit or zone
- Develin Creek
Resource Data
- Category
- inferred
- Tonnes
- 480000
- Grade
- 3.5
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2026-02-23
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource includes a weak silver grade, but benefits from JORC/NI 43-101 compliance, though its lower confidence category reduces its overall positive impact.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
Negative factors
- Weak silver grade for VMS deposit type
Evidence · table
“3.5”
Context: 0.48
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredWoods Shaft · copperTonnes: 540000Grade: 0.5Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Woods Shaft
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:69576f43c68057147887
- Deposit or zone
- Woods Shaft
Resource Data
- Category
- inferred
- Tonnes
- 540000
- Grade
- 0.5
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2022-11-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource shows a good copper grade, compliant with JORC and NI 43-101, but its lower confidence category and stale effective date reduce its overall positive impact.
Positive factors
- Inferred Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“0.50”
Context: 0.54
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.9 years before this release
inferredWoods Shaft · goldTonnes: 540000Grade: 0.95Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Woods Shaft
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:69576f43c68057147887
- Deposit or zone
- Woods Shaft
Resource Data
- Category
- inferred
- Tonnes
- 540000
- Grade
- 0.95
- Grade Unit
- g/t
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2022-11-22
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-11-22T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource shows a good gold grade, compliant with JORC and NI 43-101, but its lower confidence category and stale effective date reduce its overall positive impact.
Positive factors
- Inferred Resource category
- Good gold grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“0.95”
Context: 0.54
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 3.9 years before this release
indicatedMt Mackenzie · goldTonnes: 3770000Grade: 0.99Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mt Mackenzie
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a6f18ca34c7e9e4732cd
- Deposit or zone
- Mt Mackenzie
Resource Data
- Category
- indicated
- Tonnes
- 3770000
- Grade
- 0.99
- Grade Unit
- g/t
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-08-05
- Prior Tonnes
- 3350000
- Prior Grade
- 1.4
- Prior Contained Metal
- 151000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This updated Indicated Resource shows significant tonnage and contained gold growth, along with a category upgrade, but is offset by a notable decline in average gold grade.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
- Significant tonnage growth (+55.8%)
- Strong contained gold growth (+12.6%)
- Category upgrade (70% of contained gold now Indicated)
Negative factors
- Significant grade decline (-27.9%)
Evidence · table
“0.99”
Context: 3.77
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.99 against 1.4 previously
indicatedMt Mackenzie · silverTonnes: 3770000Grade: 7.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mt Mackenzie
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a6f18ca34c7e9e4732cd
- Deposit or zone
- Mt Mackenzie
Resource Data
- Category
- indicated
- Tonnes
- 3770000
- Grade
- 7.3
- Grade Unit
- g/t
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-08-05
- Prior Tonnes
- 3350000
- Prior Grade
- 8.4
- Prior Contained Metal
- 902000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This updated Indicated Resource shows significant tonnage and contained silver growth, along with a category upgrade, but is offset by a notable decline in average silver grade.
Positive factors
- Indicated Resource category
- JORC and NI 43-101 compliant
- Significant tonnage growth (+55.8%)
- Exceptional contained silver growth (+24.2%)
- Category upgrade (70% of contained gold now Indicated)
Negative factors
- Significant grade decline (-20.2%)
Evidence · table
“7.3”
Context: 3.77
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 7.3 against 8.4 previously
inferredMt Mackenzie · goldTonnes: 1450000Grade: 1.07Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mt Mackenzie
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:29e8e214d93db837f4a2
- Deposit or zone
- Mt Mackenzie
Resource Data
- Category
- inferred
- Tonnes
- 1450000
- Grade
- 1.07
- Grade Unit
- g/t
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-08-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This updated Inferred Resource shows a good gold grade and is the first to incorporate QMines' drilling, indicating continued exploration potential, though its lower confidence category reduces its overall positive impact.
Positive factors
- Inferred Resource category
- Good gold grade
- JORC and NI 43-101 compliant
- First MRE to incorporate QMines drilling
Evidence · table
“1.07”
Context: 1.45
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMt Mackenzie · silverTonnes: 1450000Grade: 4.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mt Mackenzie
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:29e8e214d93db837f4a2
- Deposit or zone
- Mt Mackenzie
Resource Data
- Category
- inferred
- Tonnes
- 1450000
- Grade
- 4.9
- Grade Unit
- g/t
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-08-05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This updated Inferred Resource includes a weak silver grade, but is the first to incorporate QMines' drilling, indicating continued exploration potential, though its lower confidence category reduces its overall positive impact.
Positive factors
- Inferred Resource category
- JORC and NI 43-101 compliant
- First MRE to incorporate QMines drilling
Negative factors
- Weak silver grade for epithermal deposit type
Evidence · table
“4.9”
Context: 1.45
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenMt Chalmers · sulfurTonnes: 5100000Grade: 5.8Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- sulfur
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:c060117be3ce6cf532d3
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- proven
- Tonnes
- 5100000
- Grade
- 5.8
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Proven Reserve with a good copper grade, but its effective date is over two years old, reducing its novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Proven Reserve category
- Good copper grade
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“5.80”
Context: 5.1
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
probableMt Chalmers · sulfurTonnes: 4500000Grade: 3.6Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- sulfur
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Gary McCrae
- Resource group id
- resource:d27b62aef20d2e9d942d
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- probable
- Tonnes
- 4500000
- Grade
- 3.6
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Probable Reserve with a good copper grade, but its effective date is over two years old, reducing its novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Probable Reserve category
- Good copper grade
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“3.60”
Context: 4.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
measuredMt Chalmers · sulfurTonnes: 4200000Grade: 5.37Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- sulfur
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:e58f82a7ed28e1c82288
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- measured
- Tonnes
- 4200000
- Grade
- 5.37
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Measured Resource with a good copper grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Measured Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“5.37”
Context: 4.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
indicatedMt Chalmers · sulfurTonnes: 5800000Grade: 3.77Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- sulfur
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:a76947e01e4dca75a364
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- indicated
- Tonnes
- 5800000
- Grade
- 3.77
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This is a high-confidence Indicated Resource with a good copper grade, compliant with JORC and NI 43-101, but its effective date is over two years old, reducing its novelty. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“3.77”
Context: 5.8
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
inferredMt Chalmers · sulfurTonnes: 1300000Grade: 2.02Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Mt Chalmers
- Commodity
- sulfur
- Region
- australia_qld
- Reported Region
- Central Queensland
- Ticker
- QML
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc, ni_43_101
- QP Signed
- Yes
- Qualified person names
- Stephen Hyland
- Resource group id
- resource:673c5effc0fd3e751cce
- Deposit or zone
- Mt Chalmers
Resource Data
- Category
- inferred
- Tonnes
- 1300000
- Grade
- 2.02
- Grade Unit
- %
- Cutoff Grade
- 0.3
- Cutoff Unit
- %
Prior Estimate
- Resource Date
- 2024-04-30
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2024-04-30T00:00:00.000Z
Dates
- Event date
- 2026-09-30T00:00:00.000Z
Reasoning: This Inferred Resource has a good copper grade, compliant with JORC and NI 43-101, but its lower confidence category and stale effective date reduce its overall positive impact. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Inferred Resource category
- Good copper grade
- JORC and NI 43-101 compliant
Negative factors
- Stale estimate (effective date >2 years old)
Evidence · table
“2.02”
Context: 1.3
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.4 years before this release
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.