# RCR: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146221 Publisher: asx Original announcement: 2026-09-30T04:49:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T05:11:06.379Z Atlas analysis updated: 2026-09-30T05:11:06.379Z - Company: Rincon Resources Limited - Ticker: RCR - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: Copper - Document categories: Resource update, Agreement transaction, Capital raise, Other, Drill results - Extracted: 2026-09-30 05:11:07 UTC Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas summary Rincon Resources Limited's Annual Report for the year ended June 30, 2026, highlights strategic portfolio restructuring, including a farm-in and joint venture with Greatland Resources and the divestment of non-core Laverton and West Arunta projects. The company maintained its maiden Mineral Resource Estimate for the Hasties Gold-Copper Project, announced in February 2025, and secured funding through a $3.1 million capital placement and a loyalty option entitlement offer to advance exploration. Historical drill results indicate prospectivity at its core projects, with new drilling planned to expand the Hasties resource. Reasoning: Rincon Resources' annual report details a strategic shift with a farm-in agreement and divestments to focus on core assets, supported by a capital raise. While the existing MRE is unchanged and contains a significant inferred component, planned drilling aims to expand it. Historical drill results provide context for prospectivity but lack modern QA/QC disclosure. - Positive factor: Strategic portfolio restructuring through farm-in and divestments - Positive factor: Funding secured through capital raise for exploration - Positive factor: Free-carried interest retained in divested project - Positive factor: MRE is JORC compliant and QP signed - Negative factor: MRE remains unchanged and is considered stale - Negative factor: Significant portion of MRE is in the inferred category - Negative factor: Historical drill results lack QA/QC disclosure and true width information Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 38 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The MRE includes an Indicated category for both gold and copper, indicating a reasonable level of geological confidence. Evidence · text > Indicated 633,000 1.03 0.28 21,100 1,733 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The MRE includes an Inferred category for both gold and copper, which is a speculative category with limited drilling. Evidence · text > Inferred 237,000 0.75 0.23 5,700 553 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The MRE is signed off by Mr Michael Griffiths, a Fellow of AusIMM and a Competent Person. Evidence · text > The information in this report that relates to Exploration Results is based on information compiled by Mr Michael Griffiths a Competent Person who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Griffiths is a Director of the Company. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource estimate tables clearly state the gold cut-off grades used \(0.3 g/t, 0.5 g/t, and 1.0 g/t Au\). Evidence · text > Table 1: Hasties Gold-Copper Mineral Resource 0.3 g/t Au Cutoff **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The MRE is reported in accordance with the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Evidence · text > as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The maiden MRE was announced in February 2025 and remains unchanged in this annual report for the year ended June 2026, making it over a year old. Evidence · text > Rincon's maiden MRE for the Hasties Main Zone and Hasties Southeast deposits, announced in February 2025, remains unchanged **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The MRE for the Hasties deposits was the company's first formal resource estimate, announced in February 2025. Evidence · text > Rincon's maiden MRE for the Hasties Main Zone and Hasties Southeast deposits, announced in February 2025 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides an update on the status of an existing mineral resource estimate, noting it remains unchanged. Evidence · text > Rincon's maiden MRE for the Hasties Main Zone and Hasties Southeast deposits, announced in February 2025, remains unchanged **Farm-in Agreement** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company signed a staged Farm-in and JV agreement with Greatland Resources Limited for its Telfer South tenements. Evidence · text > In December 2025, the Company signed a staged Farm-in and JV agreement with Greatland Exploration Pty Ltd **Free-Carried Interest** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: Rincon retains a 10% free-carried interest in the divested West Arunta Project until a decision to mine. Evidence · text > Rincon holding a 10% free-carried interest until a decision to mine **Divestment** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company divested its Laverton Project and 90% of its West Arunta Project to focus on core assets. Evidence · text > Divested the Laverton Project to Galleon Metals Limited and executed a binding Heads of Agreement to divest 90% of the West Arunta Project to Maverick Minerals Australia **Apparent Width Only** Polarity: negative Story-specific tag Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: Historical drill results are given as downhole lengths without true width or drill orientation information. Evidence · text > 39 m @ 0.2% Cu from 8 m **Stale Data Re-release** Polarity: negative Story-specific tag Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: The drill results and rock-chip samples mentioned are historical and are re-released as context for future work, not as new assays. Evidence · text > historic drilling returned \(HWR029\) **No QA/QC Disclosure** Polarity: negative Story-specific tag Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: The document does not disclose QA/QC procedures for the historical drill results or rock-chip samples mentioned. Evidence · text > historic drilling returned \(HWR029\) ## Extracted facts Stored fact records: 37. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### HWR029 [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-drill-facts-16) Telfer South · copper Historical result Needs review: historical\_restatement #### Identity - Hole ID: HWR029 - Project: Telfer South - Commodity: copper - Region: australia\_wa - Reported Region: australia\_wa - Ticker: RCR #### Geometry - Grade: 1.1 - Grade Unit: % - Intercept: 3 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Methods: standards #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Historical drill result from HWR029 shows a copper sub-interval, providing context for prospectivity, but is old data with only apparent width and no QA/QC details. - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release - Negative factor: No QA/QC Disclosure Evidence · text > including 3 m @ 1.45 g/t Au & 1.1% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### HWR029 [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-drill-facts-17) Telfer South · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: HWR029 - Project: Telfer South - Commodity: gold - Region: australia\_wa - Reported Region: australia\_wa - Ticker: RCR #### Geometry - Grade: 1.45 - Grade Unit: g/t - Intercept: 3 m #### Classification - Program: exploration - Sample Type: drill #### Location - Location: Main Zone - Loc. Source: document #### QA/QC - QA/QC Methods: standards #### Compositing - Dilution Disclosed: Yes #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Historical drill result from HWR029 shows a gold sub-interval, providing context for prospectivity, but is old data with only apparent width and no QA/QC details. - Negative factor: Apparent Width Only - Negative factor: Stale Data Re-release - Negative factor: No QA/QC Disclosure Evidence · text > including 3 m @ 1.45 g/t Au & 1.1% Cu #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ## Resource Estimates (35) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-0) Telfer South Gold-Copper Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:019725896e587b3d633b #### Resource Data - Category: indicated - Tonnes: 633000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 21100 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The indicated resource at 0.3 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 1.03 Context: 633,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-1) Telfer South Gold-Copper Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:019725896e587b3d633b #### Resource Data - Category: indicated - Tonnes: 633000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 1733 - Contained Unit: t - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The indicated resource at 0.3 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.28 Context: 633,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-2) Telfer South Gold-Copper Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:f78c3be19e88a4086d67 #### Resource Data - Category: inferred - Tonnes: 237000 - Grade: 0.75 - Grade Unit: g/t - Contained Metal: 5700 - Contained Unit: oz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The inferred resource at 0.3 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale and is of lower confidence. - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.75 Context: 237,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-3) Telfer South Gold-Copper Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:f78c3be19e88a4086d67 #### Resource Data - Category: inferred - Tonnes: 237000 - Grade: 0.23 - Grade Unit: % - Contained Metal: 553 - Contained Unit: t - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The inferred resource at 0.3 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale and is of lower confidence. - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.23 Context: 237,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-4) Telfer South Gold-Copper Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:e96088a55c4a4686c43e #### Resource Data - Category: indicated - Tonnes: 567000 - Grade: 1.11 - Grade Unit: g/t - Contained Metal: 20100 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The indicated resource at 0.5 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 1.11 Context: 567,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-5) Telfer South Gold-Copper Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:e96088a55c4a4686c43e #### Resource Data - Category: indicated - Tonnes: 567000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 1557 - Contained Unit: t - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The indicated resource at 0.5 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.28 Context: 567,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-6) Telfer South Gold-Copper Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:fd3da93ef7fc7ca1e16f #### Resource Data - Category: inferred - Tonnes: 187000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 5000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The inferred resource at 0.5 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale and is of lower confidence. - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.84 Context: 187,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-7) Telfer South Gold-Copper Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:fd3da93ef7fc7ca1e16f #### Resource Data - Category: inferred - Tonnes: 187000 - Grade: 0.24 - Grade Unit: % - Contained Metal: 459 - Contained Unit: t - Cutoff Grade: 0.5 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The inferred resource at 0.5 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale and is of lower confidence. - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.24 Context: 187,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-8) Telfer South Gold-Copper Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:2bd3c20d97b060f22348 #### Resource Data - Category: indicated - Tonnes: 195000 - Grade: 1.92 - Grade Unit: g/t - Contained Metal: 12000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The indicated resource at 1.0 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 1.92 Context: 195,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-9) Telfer South Gold-Copper Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:2bd3c20d97b060f22348 #### Resource Data - Category: indicated - Tonnes: 195000 - Grade: 0.27 - Grade Unit: % - Contained Metal: 515 - Contained Unit: t - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The indicated resource at 1.0 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.27 Context: 195,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-10) Telfer South Gold-Copper Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:15ed0da6d336f3abf354 #### Resource Data - Category: inferred - Tonnes: 40000 - Grade: 1.59 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The inferred resource at 1.0 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale and is of lower confidence. - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 1.59 Context: 40,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-11) Telfer South Gold-Copper Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Telfer South Gold-Copper Project - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Michael Griffiths - Resource group id: resource:15ed0da6d336f3abf354 #### Resource Data - Category: inferred - Tonnes: 40000 - Grade: 0.35 - Grade Unit: % - Contained Metal: 139 - Contained Unit: t - Cutoff Grade: 1 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2025-02-10 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-02-10T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The inferred resource at 1.0 g/t Au cut-off is part of an unchanged maiden MRE from February 2025, which is JORC compliant and QP signed, but is now considered stale and is of lower confidence. - Positive factor: QP/CP Signed - Positive factor: Cut-off Disclosed - Positive factor: JORC Compliant - Negative factor: Inferred Resource - Negative factor: Stale Estimate - Negative factor: Resource Update Evidence · table > 0.35 Context: 40,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### Fact 13 [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-12) #### Identity - Ticker: RCR #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The loyalty option entitlement offer provided additional capital to support the company's activities. Evidence · text > a $97,520 loyalty option entitlement offer #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-13) Telfer South tenements #### Identity - Project: Telfer South tenements - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Resource group id: resource:126011e647fb28abdce0 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The farm-in and joint venture agreement with Greatland Resources provides significant funding and management for the Telfer South tenements, while Rincon retains full ownership of the core Hasties deposits. - Positive factor: Farm-in Agreement Evidence · text > In December 2025, the Company signed a staged Farm-in and JV agreement with Greatland Exploration Pty Ltd... covering approximately 200.8km² of Rincon’s Telfer South tenements \(Figure 1\), while Rincon retains full ownership \(100%\) of the 18.2km² Hasties consisting of 4 live tenements. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 15 [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-15) West Arunta Project #### Identity - Project: West Arunta Project - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Resource group id: resource:0a67fd472d4f857de5b2 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The divestment of 90% of the West Arunta Project provides cash and shares, while retaining a free-carried interest, allowing Rincon to focus on other core assets. - Positive factor: Free-Carried Interest Evidence · text > In June 2026, the Company advised it had executed a binding Heads of Agreement to divest 90% of the West Arunta Project to Maverick Minerals Australia Limited \(ASX: M96\) #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-18) Crackerbox Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Crackerbox Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Resource group id: resource:680f3324f6fadd34e594 #### Resource Data - Grade: 20.31 - Grade Unit: g/t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Historical rock-chip sample at Crackerbox shows high-grade gold, indicating prospectivity, but is old data with no QA/QC details. - Negative factor: Stale Data Re-release - Negative factor: No QA/QC Disclosure Evidence · text > Rincon rock-chip sampling returning up to 20.31 g/t Au #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 17 [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-19) Crackerbox Gold Project · copper Historical result Needs review: historical\_restatement #### Identity - Project: Crackerbox Gold Project - Commodity: copper - Region: australia\_wa - Reported Region: Western Australia - Ticker: RCR #### Resource scope - Resource group id: resource:680f3324f6fadd34e594 #### Resource Data - Grade: 8.8 - Grade Unit: % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Historical rock-chip sample at Crackerbox shows high-grade copper, indicating prospectivity, but is old data with no QA/QC details. - Negative factor: Stale Data Re-release - Negative factor: No QA/QC Disclosure Evidence · text > and 8.8% Cu #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-20) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:5629a7e41e9b42e6dc80 #### Resource Data - Category: indicated - Tonnes: 633000 - Grade: 1.03 - Grade Unit: g/t - Contained Metal: 21100 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.03 Context: 633,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-21) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:5629a7e41e9b42e6dc80 #### Resource Data - Category: indicated - Tonnes: 633000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 1733 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.28 Context: 633,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-22) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:465a32bb2ba749bc7df8 #### Resource Data - Category: inferred - Tonnes: 237000 - Grade: 0.75 - Grade Unit: g/t - Contained Metal: 5700 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.75 Context: 237,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-23) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:465a32bb2ba749bc7df8 #### Resource Data - Category: inferred - Tonnes: 237000 - Grade: 0.23 - Grade Unit: % - Contained Metal: 553 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.23 Context: 237,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-24) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:c1eb701e4dff23c2d03e #### Resource Data - Category: inferred - Tonnes: 870000 - Grade: 0.96 - Grade Unit: g/t - Contained Metal: 26800 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.96 Context: 870,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-25) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:c1eb701e4dff23c2d03e #### Resource Data - Category: inferred - Tonnes: 870000 - Grade: 0.26 - Grade Unit: % - Contained Metal: 2286 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.26 Context: 870,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-26) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:1270b26ea79c121a1fa5 #### Resource Data - Category: indicated - Tonnes: 567000 - Grade: 1.11 - Grade Unit: g/t - Contained Metal: 20100 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.11 Context: 567,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-27) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:1270b26ea79c121a1fa5 #### Resource Data - Category: indicated - Tonnes: 567000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 1557 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.28 Context: 567,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-28) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:1c0e0d775d8e0e5904c0 #### Resource Data - Category: inferred - Tonnes: 187000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 5000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.84 Context: 187,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-29) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:1c0e0d775d8e0e5904c0 #### Resource Data - Category: inferred - Tonnes: 187000 - Grade: 0.24 - Grade Unit: % - Contained Metal: 459 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.24 Context: 187,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-30) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:0bfe6f47b00998368bd6 #### Resource Data - Category: inferred - Tonnes: 754000 - Grade: 1.04 - Grade Unit: g/t - Contained Metal: 25200 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.04 Context: 754,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-31) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:0bfe6f47b00998368bd6 #### Resource Data - Category: inferred - Tonnes: 754000 - Grade: 0.27 - Grade Unit: % - Contained Metal: 2016 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.27 Context: 754,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-32) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:ddeb163971ad1454e199 #### Resource Data - Category: indicated - Tonnes: 195000 - Grade: 1.92 - Grade Unit: g/t - Contained Metal: 12000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.92 Context: 195,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-33) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:ddeb163971ad1454e199 #### Resource Data - Category: indicated - Tonnes: 195000 - Grade: 0.27 - Grade Unit: % - Contained Metal: 515 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.27 Context: 195,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-34) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:a5d972d229789c24de4c #### Resource Data - Category: inferred - Tonnes: 40000 - Grade: 1.59 - Grade Unit: g/t - Contained Metal: 2000 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.59 Context: 40,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-35) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:a5d972d229789c24de4c #### Resource Data - Category: inferred - Tonnes: 40000 - Grade: 0.35 - Grade Unit: % - Contained Metal: 139 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.35 Context: 40,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-36) Hasties · gold #### Identity - Project: Hasties - Commodity: gold - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:bc9e68629d6f496bdbbc #### Resource Data - Category: inferred - Tonnes: 235000 - Grade: 1.86 - Grade Unit: g/t - Contained Metal: 14100 - Contained Unit: oz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.86 Context: 235,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rcr-annual-report-to-shareholders--63dd766c-c0e5-4a8e-a038-b32670815f15#fact-resource-facts-37) Hasties · copper #### Identity - Project: Hasties - Commodity: copper - Ticker: RCR #### Resource scope - Estimate type: resource - Resource group id: resource:bc9e68629d6f496bdbbc #### Resource Data - Category: inferred - Tonnes: 235000 - Grade: 0.28 - Grade Unit: % - Contained Metal: 654 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.28 Context: 235,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## 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.