Replacement - SPA for Kamiesberg Mineral Project

Original announcement by lse on

Company
Amigo Resources PLC
Ticker
AMGO
Exchange
LSE
Region
South Africa
Primary commodity
Heavy mineral sands
Secondary commodities
Thm, Ilmenite, Leucoxene, Monazite, Rutile, Zircon, Rare earth elements
Document categories
Resource update, Agreement transaction, Other
Extracted
2026-09-29 16:12:08 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Amigo Resources PLC announced the acquisition of the Kamiesberg heavy mineral sands project in South Africa for USD 33 million, expanding its African footprint and diversifying its commodity base. The project boasts a significant JORC-compliant resource of 2.71 billion tonnes, including 0.48 billion tonnes in the Measured category, and is described as shovel-ready with advanced permitting. The acquisition is structured as a reverse takeover and is subject to shareholder and regulatory approvals, with completion targeted by January 2027.

Reasoning: Amigo Resources PLC is acquiring the Kamiesberg heavy mineral sands project in South Africa, which includes a substantial JORC-compliant resource with a significant Measured component, diversifying the company's portfolio and expanding its operational footprint. The project is described as shovel-ready, but the acquisition is subject to several conditions and funding is yet to be fully secured.

Positive factors

  • Acquisition of a large, JORC-compliant heavy mineral sands project
  • Diversifies commodity base and expands geographical footprint into South Africa
  • Project is described as 'shovel-ready' with advanced permitting
  • Significant Measured and Indicated resource component

Negative factors

  • Acquisition is a reverse takeover, subject to multiple regulatory and shareholder approvals
  • Funding for the acquisition and development still needs to be secured
  • Resource estimate is reported without a cut-off grade, which can make comparability challenging
  • Effective date of the resource is March 2020, though confirmed current in July 2026

Facts used in scoring: 184

Extracted facts

Stored fact records: 183. Some facts used in scoring do not have a stored record.

Resource Estimates (183)

measuredKamiesberg Project · thmTonnes: 482290000Grade: 3.91Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
3.91
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Measured resource of 482.29 Mt at 3.91% THM is a substantial and high-confidence component of the overall project, supporting future development.

Positive factors

  • Large Measured resource component, indicating high confidence
  • JORC compliant and QP signed

Evidence · table

“3.91”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · siltTonnes: 482290000Grade: 14.98Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
14.98
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Measured resource provides geological context for processing considerations.

Evidence · table

“14.98”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ovzTonnes: 482290000Grade: 2.13Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
2.13
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Measured resource provides geological context for processing considerations.

Evidence · table

“2.13”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ilmeniteTonnes: 482290000Grade: 3.14Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
3.14
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.14% within the Measured resource is a key economic driver for the heavy mineral sands project.

Positive factors

  • Significant ilmenite grade in the Measured resource

Evidence · table

“3.14”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · leucoxeneTonnes: 482290000Grade: 0.08Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
0.08
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.08% contributes to the overall value of the heavy mineral sands resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.08”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · monaziteTonnes: 482290000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.04% is important as it contains rare earth elements, which are highlighted as a strategic value for the project.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.04”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · rutileTonnes: 482290000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.06% contributes to the overall value of the heavy mineral sands resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.06”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · zirconTonnes: 482290000Grade: 0.15Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:2dc2280983100b59df42
Mining method
combined

Resource Data

Category
measured
Tonnes
482290000
Grade
0.15
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.15% within the Measured resource is a key economic driver for the heavy mineral sands project.

Positive factors

  • Significant zircon grade in the Measured resource

Evidence · table

“0.15”

Context: 482.29

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 1692130000Grade: 3.25Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
3.25
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated resource of 1.69 billion tonnes at 3.25% THM significantly contributes to the project's overall scale and potential.

Positive factors

  • Very large Indicated resource component, adding to overall project scale
  • JORC compliant and QP signed

Evidence · table

“3.25”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 1692130000Grade: 19.37Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
19.37
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Indicated resource provides geological context for processing considerations.

Evidence · table

“19.37”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 1692130000Grade: 3.23Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
3.23
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Indicated resource provides geological context for processing considerations.

Evidence · table

“3.23”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 1692130000Grade: 2.59Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
2.59
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 2.59% within the Indicated resource is a key economic driver for the heavy mineral sands project.

Positive factors

  • Significant ilmenite grade in the Indicated resource

Evidence · table

“2.59”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 1692130000Grade: 0.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
0.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.10% contributes to the overall value of the heavy mineral sands resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.10”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 1692130000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.03% is important as it contains rare earth elements, which are highlighted as a strategic value for the project.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.03”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 1692130000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
0.05
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.05% contributes to the overall value of the heavy mineral sands resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.05”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · zirconTonnes: 1692130000Grade: 0.13Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:43fdd63296c2676f1bf2
Mining method
combined

Resource Data

Category
indicated
Tonnes
1692130000
Grade
0.13
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.13% within the Indicated resource is a key economic driver for the heavy mineral sands project.

Positive factors

  • Significant zircon grade in the Indicated resource

Evidence · table

“0.13”

Context: 1,692.13

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · thmTonnes: 540300000Grade: 2.91Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
2.91
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred resource of 540.30 Mt at 2.91% THM provides substantial exploration upside, though with lower confidence than Measured and Indicated categories.

Positive factors

  • Large Inferred resource component, indicating significant exploration upside
  • JORC compliant and QP signed

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.91”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · siltTonnes: 540300000Grade: 17.01Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
17.01
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Inferred resource provides geological context for processing considerations.

Evidence · table

“17.01”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ovzTonnes: 540300000Grade: 4.22Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
4.22
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Inferred resource provides geological context for processing considerations.

Evidence · table

“4.22”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ilmeniteTonnes: 540300000Grade: 2.39Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
2.39
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 2.39% within the Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Significant ilmenite grade in the Inferred resource

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.39”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · leucoxeneTonnes: 540300000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.07% contributes to the overall value of the heavy mineral sands resource, but is in the Inferred category.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.07”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · monaziteTonnes: 540300000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.03% is important for rare earth elements, but its presence in the Inferred category indicates a need for further confidence building.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.03”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · rutileTonnes: 540300000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.04% contributes to the overall value of the heavy mineral sands resource, but is in the Inferred category.

Positive factors

  • Rutile is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.04”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · zirconTonnes: 540300000Grade: 0.11Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:095d2c331393e3d175a5
Mining method
combined

Resource Data

Category
inferred
Tonnes
540300000
Grade
0.11
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.11% within the Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Significant zircon grade in the Inferred resource

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.11”

Context: 540.30

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 25Kamiesberg Project · thmTonnes: 2714720000Grade: 3.3Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
3.3
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The grand total resource of 2.71 billion tonnes at 3.30% THM highlights the immense scale and long-term potential of the Kamiesberg Project.

Positive factors

  • Extremely large total resource, indicating significant scale potential
  • JORC compliant and QP signed

Evidence · table

“3.30”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 26Kamiesberg Project · siltTonnes: 2714720000Grade: 18.12Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
18.12
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the grand total resource provides geological context for processing considerations.

Evidence · table

“18.12”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 27Kamiesberg Project · ovzTonnes: 2714720000Grade: 3.23Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
3.23
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the grand total resource provides geological context for processing considerations.

Evidence · table

“3.23”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 28Kamiesberg Project · ilmeniteTonnes: 2714720000Grade: 2.65Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
2.65
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The overall ilmenite grade of 2.65% across the entire resource is a key economic driver for the heavy mineral sands project.

Positive factors

  • Significant ilmenite grade in the overall resource

Evidence · table

“2.65”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 29Kamiesberg Project · leucoxeneTonnes: 2714720000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.09% contributes to the overall value of the heavy mineral sands resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.09”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 30Kamiesberg Project · monaziteTonnes: 2714720000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.03% is important as it contains rare earth elements, which are highlighted as a strategic value for the project.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.03”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 31Kamiesberg Project · rutileTonnes: 2714720000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
0.05
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.05% contributes to the overall value of the heavy mineral sands resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.05”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

Fact 32Kamiesberg Project · zirconTonnes: 2714720000Grade: 0.13Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:660f65658fd0f1fbeb4c
Mining method
combined

Resource Data

Tonnes
2714720000
Grade
0.13
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The overall zircon grade of 0.13% across the entire resource is a key economic driver for the heavy mineral sands project.

Positive factors

  • Significant zircon grade in the overall resource

Evidence · table

“0.13”

Context: 2,714.72

Tags used in scoring

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

measuredKamiesberg Project · thmTonnes: 103600000Grade: 5.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
5.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Measured resource shows a high THM grade of 5.10%, indicating a valuable and well-defined portion of the deposit.

Positive factors

  • High THM grade for a Measured resource
  • JORC compliant and QP signed

Evidence · table

“5.10”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · siltTonnes: 103600000Grade: 3.26Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
3.26
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Measured resource provides geological context for processing considerations.

Evidence · table

“3.26”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ovzTonnes: 103600000Grade: 0.75Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
0.75
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Measured resource provides geological context for processing considerations.

Evidence · table

“0.75”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ilmeniteTonnes: 103600000Grade: 3.95Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
3.95
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.95% in the Roode Heuvel Measured resource is a strong indicator of economic potential.

Positive factors

  • High ilmenite grade in the Measured resource

Evidence · table

“3.95”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · leucoxeneTonnes: 103600000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.09% contributes to the overall value of the Roode Heuvel Measured resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.09”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · monaziteTonnes: 103600000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.06% in the Roode Heuvel Measured resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.06”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · rutileTonnes: 103600000Grade: 0.12Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
0.12
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.12% contributes to the overall value of the Roode Heuvel Measured resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.12”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · zirconTonnes: 103600000Grade: 0.3Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:920f5ec0b2999eb93f47
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
103600000
Grade
0.3
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.30% in the Roode Heuvel Measured resource is a strong indicator of economic potential.

Positive factors

  • High zircon grade in the Measured resource

Evidence · table

“0.30”

Context: 103.60

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · thmTonnes: 218020000Grade: 4.75Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
4.75
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Measured resource shows a high THM grade of 4.75%, indicating a valuable and well-defined portion of the deposit.

Positive factors

  • High THM grade for a Measured resource
  • JORC compliant and QP signed

Evidence · table

“4.75”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · siltTonnes: 218020000Grade: 18.44Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
18.44
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Measured resource provides geological context for processing considerations.

Evidence · table

“18.44”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ovzTonnes: 218020000Grade: 1.97Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
1.97
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Measured resource provides geological context for processing considerations.

Evidence · table

“1.97”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ilmeniteTonnes: 218020000Grade: 3.9Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
3.9
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.90% in the Roode Heuvel Measured resource is a strong indicator of economic potential.

Positive factors

  • High ilmenite grade in the Measured resource

Evidence · table

“3.90”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · leucoxeneTonnes: 218020000Grade: 0.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
0.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.10% contributes to the overall value of the Roode Heuvel Measured resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.10”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · monaziteTonnes: 218020000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
0.05
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.05% in the Roode Heuvel Measured resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.05”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · rutileTonnes: 218020000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.06% contributes to the overall value of the Roode Heuvel Measured resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.06”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · zirconTonnes: 218020000Grade: 0.15Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:5c03ec8b461fee27d71b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
218020000
Grade
0.15
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.15% in the Roode Heuvel Measured resource is a strong indicator of economic potential.

Positive factors

  • High zircon grade in the Measured resource

Evidence · table

“0.15”

Context: 218.02

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · thmTonnes: 156280000Grade: 1.95Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
1.95
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Measured resource includes 156.28 Mt at 1.95% THM, contributing to the overall high-confidence resource base.

Positive factors

  • Large Measured resource component
  • JORC compliant and QP signed

Evidence · table

“1.95”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · siltTonnes: 156280000Grade: 18.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
18.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Measured resource provides geological context for processing considerations.

Evidence · table

“18.10”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ovzTonnes: 156280000Grade: 3.28Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
3.28
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Measured resource provides geological context for processing considerations.

Evidence · table

“3.28”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ilmeniteTonnes: 156280000Grade: 1.48Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
1.48
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 1.48% in the Roode Heuvel Measured resource contributes to the overall economic potential.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Evidence · table

“1.48”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · leucoxeneTonnes: 156280000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
0.05
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.05% contributes to the overall value of the Roode Heuvel Measured resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.05”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · monaziteTonnes: 156280000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
0.02
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.02% in the Roode Heuvel Measured resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.02”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · rutileTonnes: 156280000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.03% contributes to the overall value of the Roode Heuvel Measured resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.03”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · zirconTonnes: 156280000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:65adb2bebba0bc70d185
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
measured
Tonnes
156280000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.06% in the Roode Heuvel Measured resource contributes to the overall economic potential.

Positive factors

  • Zircon is a valuable heavy mineral component

Evidence · table

“0.06”

Context: 156.28

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 98330000Grade: 2.91Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
2.91
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Indicated resource includes 98.33 Mt at 2.91% THM, adding to the project's overall scale.

Positive factors

  • Large Indicated resource component
  • JORC compliant and QP signed

Evidence · table

“2.91”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 98330000Grade: 3.17Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
3.17
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Indicated resource provides geological context for processing considerations.

Evidence · table

“3.17”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 98330000Grade: 0.96Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
0.96
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Indicated resource provides geological context for processing considerations.

Evidence · table

“0.96”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 98330000Grade: 2.27Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
2.27
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 2.27% in the Roode Heuvel Indicated resource contributes to the overall economic potential.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Evidence · table

“2.27”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 98330000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.07% contributes to the overall value of the Roode Heuvel Indicated resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.07”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 98330000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.03% in the Roode Heuvel Indicated resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.03”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 98330000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.07% contributes to the overall value of the Roode Heuvel Indicated resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.07”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · zirconTonnes: 98330000Grade: 0.15Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:76497009d5095444e784
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
98330000
Grade
0.15
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.15% in the Roode Heuvel Indicated resource contributes to the overall economic potential.

Positive factors

  • Zircon is a valuable heavy mineral component

Evidence · table

“0.15”

Context: 98.33

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 207970000Grade: 3.78Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
3.78
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Indicated resource shows a high THM grade of 3.78%, indicating a valuable portion of the deposit with good confidence.

Positive factors

  • High THM grade for an Indicated resource
  • JORC compliant and QP signed

Evidence · table

“3.78”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 207970000Grade: 20.81Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
20.81
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Indicated resource provides geological context for processing considerations.

Evidence · table

“20.81”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 207970000Grade: 1.73Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
1.73
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Indicated resource provides geological context for processing considerations.

Evidence · table

“1.73”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 207970000Grade: 3.26Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
3.26
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.26% in the Roode Heuvel Indicated resource is a strong indicator of economic potential.

Positive factors

  • High ilmenite grade in the Indicated resource

Evidence · table

“3.26”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 207970000Grade: 0.08Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
0.08
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.08% contributes to the overall value of the Roode Heuvel Indicated resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.08”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 207970000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.03% in the Roode Heuvel Indicated resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.03”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 207970000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.04% contributes to the overall value of the Roode Heuvel Indicated resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.04”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · zirconTonnes: 207970000Grade: 0.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:b967be02f35559a102b2
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207970000
Grade
0.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.10% in the Roode Heuvel Indicated resource contributes to the overall economic potential.

Positive factors

  • Zircon is a valuable heavy mineral component

Evidence · table

“0.10”

Context: 207.97

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 207510000Grade: 2.22Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
2.22
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Indicated resource includes 207.51 Mt at 2.22% THM, adding to the project's overall scale.

Positive factors

  • Large Indicated resource component
  • JORC compliant and QP signed

Evidence · table

“2.22”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 207510000Grade: 22.43Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
22.43
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Indicated resource provides geological context for processing considerations.

Evidence · table

“22.43”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 207510000Grade: 2.64Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
2.64
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Indicated resource provides geological context for processing considerations.

Evidence · table

“2.64”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 207510000Grade: 1.86Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
1.86
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 1.86% in the Roode Heuvel Indicated resource contributes to the overall economic potential.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Evidence · table

“1.86”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 207510000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.06% contributes to the overall value of the Roode Heuvel Indicated resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.06”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 207510000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
0.02
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.02% in the Roode Heuvel Indicated resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.02”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 207510000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.03% contributes to the overall value of the Roode Heuvel Indicated resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.03”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · zirconTonnes: 207510000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:d9a5549df02c4023e48b
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
indicated
Tonnes
207510000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.07% in the Roode Heuvel Indicated resource contributes to the overall economic potential.

Positive factors

  • Zircon is a valuable heavy mineral component

Evidence · table

“0.07”

Context: 207.51

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · thmTonnes: 31530000Grade: 3.12Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
3.12
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Inferred resource of 31.53 Mt at 3.12% THM provides exploration upside, but requires further work to upgrade confidence.

Positive factors

  • Inferred resource indicates exploration upside
  • JORC compliant and QP signed

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“3.12”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · siltTonnes: 31530000Grade: 3.31Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
3.31
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“3.31”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ovzTonnes: 31530000Grade: 0.94Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
0.94
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.94”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ilmeniteTonnes: 31530000Grade: 2.58Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
2.58
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 2.58% in the Roode Heuvel Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.58”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · leucoxeneTonnes: 31530000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.07% contributes to the overall value of the Roode Heuvel Inferred resource, but is in the Inferred category.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.07”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · monaziteTonnes: 31530000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.03% is important for rare earth elements, but its presence in the Inferred category indicates a need for further confidence building.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.03”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · rutileTonnes: 31530000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.07% contributes to the overall value of the Roode Heuvel Inferred resource, but is in the Inferred category.

Positive factors

  • Rutile is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.07”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · zirconTonnes: 31530000Grade: 0.13Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:a41aa0f9f8309f3cb00f
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
31530000
Grade
0.13
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.13% in the Roode Heuvel Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Zircon is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.13”

Context: 31.53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · thmTonnes: 52740000Grade: 3.61Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
3.61
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Inferred resource of 52.74 Mt at 3.61% THM provides exploration upside, but requires further work to upgrade confidence.

Positive factors

  • Inferred resource indicates exploration upside
  • JORC compliant and QP signed

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“3.61”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · siltTonnes: 52740000Grade: 18.45Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
18.45
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“18.45”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ovzTonnes: 52740000Grade: 1.45Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
1.45
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“1.45”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ilmeniteTonnes: 52740000Grade: 3.19Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
3.19
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.19% in the Roode Heuvel Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“3.19”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · leucoxeneTonnes: 52740000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.07% contributes to the overall value of the Roode Heuvel Inferred resource, but is in the Inferred category.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.07”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · monaziteTonnes: 52740000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.03% is important for rare earth elements, but its presence in the Inferred category indicates a need for further confidence building.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.03”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · rutileTonnes: 52740000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.03% contributes to the overall value of the Roode Heuvel Inferred resource, but is in the Inferred category.

Positive factors

  • Rutile is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.03”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · zirconTonnes: 52740000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:537430ce9910a4584869
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
52740000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.09% in the Roode Heuvel Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Zircon is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.09”

Context: 52.74

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · thmTonnes: 77620000Grade: 2.31Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
2.31
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Roode Heuvel Inferred resource of 77.62 Mt at 2.31% THM provides exploration upside, but requires further work to upgrade confidence.

Positive factors

  • Inferred resource indicates exploration upside
  • JORC compliant and QP signed

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.31”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · siltTonnes: 77620000Grade: 20.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
20.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Roode Heuvel Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“20.03”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ovzTonnes: 77620000Grade: 2.87Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
2.87
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Roode Heuvel Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.87”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ilmeniteTonnes: 77620000Grade: 1.97Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
1.97
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 1.97% in the Roode Heuvel Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“1.97”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · leucoxeneTonnes: 77620000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.06% contributes to the overall value of the Roode Heuvel Inferred resource, but is in the Inferred category.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.06”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · monaziteTonnes: 77620000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
0.02
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.02% is important for rare earth elements, but its presence in the Inferred category indicates a need for further confidence building.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.02”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · rutileTonnes: 77620000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.03% contributes to the overall value of the Roode Heuvel Inferred resource, but is in the Inferred category.

Positive factors

  • Rutile is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.03”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · zirconTonnes: 77620000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3fbc2a06314ff67e8723
Deposit or zone
Roode Heuvel
Mining method
combined

Resource Data

Category
inferred
Tonnes
77620000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.06% in the Roode Heuvel Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Zircon is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.06”

Context: 77.62

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 22360000Grade: 6.9Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
6.9
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Leeuvlei Indicated resource shows an exceptionally high THM grade of 6.90%, indicating a very valuable portion of the deposit.

Positive factors

  • Very high THM grade for an Indicated resource
  • JORC compliant and QP signed

Evidence · table

“6.90”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 22360000Grade: 7.78Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
7.78
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Leeuvlei Indicated resource provides geological context for processing considerations.

Evidence · table

“7.78”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 22360000Grade: 3.24Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
3.24
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Leeuvlei Indicated resource provides geological context for processing considerations.

Evidence · table

“3.24”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 22360000Grade: 5.52Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
5.52
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 5.52% in the Leeuvlei Indicated resource is exceptionally high, indicating strong economic potential.

Positive factors

  • Very high ilmenite grade in the Indicated resource

Evidence · table

“5.52”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 22360000Grade: 0.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
0.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.10% contributes to the overall value of the Leeuvlei Indicated resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.10”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 22360000Grade: 0.08Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
0.08
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.08% in the Leeuvlei Indicated resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.08”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 22360000Grade: 0.14Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
0.14
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.14% contributes to the overall value of the Leeuvlei Indicated resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.14”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · zirconTonnes: 22360000Grade: 0.45Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:77e92dd3ddb04f185204
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
22360000
Grade
0.45
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.45% in the Leeuvlei Indicated resource is exceptionally high, indicating strong economic potential.

Positive factors

  • Very high zircon grade in the Indicated resource

Evidence · table

“0.45”

Context: 22.36

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 121810000Grade: 4.23Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
4.23
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Leeuvlei Indicated resource shows a high THM grade of 4.23%, indicating a valuable portion of the deposit with good confidence.

Positive factors

  • High THM grade for an Indicated resource
  • JORC compliant and QP signed

Evidence · table

“4.23”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 121810000Grade: 14.05Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
14.05
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Leeuvlei Indicated resource provides geological context for processing considerations.

Evidence · table

“14.05”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 121810000Grade: 7.18Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
7.18
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Leeuvlei Indicated resource provides geological context for processing considerations.

Evidence · table

“7.18”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 121810000Grade: 3.45Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
3.45
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.45% in the Leeuvlei Indicated resource is a strong indicator of economic potential.

Positive factors

  • High ilmenite grade in the Indicated resource

Evidence · table

“3.45”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 121810000Grade: 0.08Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
0.08
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.08% contributes to the overall value of the Leeuvlei Indicated resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.08”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 121810000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.04% in the Leeuvlei Indicated resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.04”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 121810000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.04% contributes to the overall value of the Leeuvlei Indicated resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.04”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · zirconTonnes: 121810000Grade: 0.16Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3edfd1146198260be29f
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
121810000
Grade
0.16
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.16% in the Leeuvlei Indicated resource is a strong indicator of economic potential.

Positive factors

  • High zircon grade in the Indicated resource

Evidence · table

“0.16”

Context: 121.81

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 66530000Grade: 2.11Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
2.11
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Leeuvlei Indicated resource includes 66.53 Mt at 2.11% THM, adding to the project's overall scale.

Positive factors

  • Large Indicated resource component
  • JORC compliant and QP signed

Evidence · table

“2.11”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 66530000Grade: 17.25Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
17.25
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Leeuvlei Indicated resource provides geological context for processing considerations.

Evidence · table

“17.25”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 66530000Grade: 10.39Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
10.39
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Leeuvlei Indicated resource provides geological context for processing considerations.

Evidence · table

“10.39”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 66530000Grade: 1.7Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
1.7
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 1.70% in the Leeuvlei Indicated resource contributes to the overall economic potential.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Evidence · table

“1.70”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 66530000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
0.05
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.05% contributes to the overall value of the Leeuvlei Indicated resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.05”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 66530000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
0.02
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.02% in the Leeuvlei Indicated resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.02”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 66530000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
0.02
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.02% contributes to the overall value of the Leeuvlei Indicated resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.02”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · zirconTonnes: 66530000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1e2073a81138bf6d8a5d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
indicated
Tonnes
66530000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.07% in the Leeuvlei Indicated resource contributes to the overall economic potential.

Positive factors

  • Zircon is a valuable heavy mineral component

Evidence · table

“0.07”

Context: 66.53

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · thmTonnes: 23380000Grade: 5.52Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
5.52
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Leeuvlei Inferred resource shows a high THM grade of 5.52%, indicating significant potential that requires further drilling to upgrade confidence.

Positive factors

  • High THM grade for an Inferred resource
  • JORC compliant and QP signed

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“5.52”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · siltTonnes: 23380000Grade: 6.88Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
6.88
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Leeuvlei Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“6.88”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ovzTonnes: 23380000Grade: 5.22Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
5.22
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Leeuvlei Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“5.22”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ilmeniteTonnes: 23380000Grade: 4.51Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
4.51
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 4.51% in the Leeuvlei Inferred resource indicates strong potential, but requires further drilling to upgrade confidence.

Positive factors

  • High ilmenite grade in the Inferred resource

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“4.51”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · leucoxeneTonnes: 23380000Grade: 0.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
0.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.10% contributes to the overall value of the Leeuvlei Inferred resource, but is in the Inferred category.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.10”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · monaziteTonnes: 23380000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.06% is important for rare earth elements, but its presence in the Inferred category indicates a need for further confidence building.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.06”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · rutileTonnes: 23380000Grade: 0.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
0.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.10% contributes to the overall value of the Leeuvlei Inferred resource, but is in the Inferred category.

Positive factors

  • Rutile is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.10”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · zirconTonnes: 23380000Grade: 0.32Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:80f57ccfeb3d800b80e6
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
23380000
Grade
0.32
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.32% in the Leeuvlei Inferred resource indicates strong potential, but requires further drilling to upgrade confidence.

Positive factors

  • High zircon grade in the Inferred resource

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.32”

Context: 23.38

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · thmTonnes: 43430000Grade: 4.25Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
4.25
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Leeuvlei Inferred resource shows a high THM grade of 4.25%, indicating significant potential that requires further drilling to upgrade confidence.

Positive factors

  • High THM grade for an Inferred resource
  • JORC compliant and QP signed

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“4.25”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · siltTonnes: 43430000Grade: 14.12Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
14.12
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Leeuvlei Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“14.12”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ovzTonnes: 43430000Grade: 5.78Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
5.78
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Leeuvlei Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“5.78”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ilmeniteTonnes: 43430000Grade: 3.4Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
3.4
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.40% in the Leeuvlei Inferred resource indicates strong potential, but requires further drilling to upgrade confidence.

Positive factors

  • High ilmenite grade in the Inferred resource

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“3.40”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · leucoxeneTonnes: 43430000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.09% contributes to the overall value of the Leeuvlei Inferred resource, but is in the Inferred category.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.09”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · monaziteTonnes: 43430000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.04% is important for rare earth elements, but its presence in the Inferred category indicates a need for further confidence building.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.04”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · rutileTonnes: 43430000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.04% contributes to the overall value of the Leeuvlei Inferred resource, but is in the Inferred category.

Positive factors

  • Rutile is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.04”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · zirconTonnes: 43430000Grade: 0.15Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1120a720d51b815ba043
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
43430000
Grade
0.15
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.15% in the Leeuvlei Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Zircon is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.15”

Context: 43.43

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · thmTonnes: 94040000Grade: 2.41Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
2.41
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Leeuvlei Inferred resource of 94.04 Mt at 2.41% THM provides exploration upside, but requires further work to upgrade confidence.

Positive factors

  • Inferred resource indicates exploration upside
  • JORC compliant and QP signed

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“2.41”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · siltTonnes: 94040000Grade: 15.27Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
15.27
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Leeuvlei Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“15.27”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ovzTonnes: 94040000Grade: 9.59Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
9.59
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Leeuvlei Inferred resource provides geological context for processing considerations.

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“9.59”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · ilmeniteTonnes: 94040000Grade: 1.86Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
1.86
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 1.86% in the Leeuvlei Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“1.86”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · leucoxeneTonnes: 94040000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.06% contributes to the overall value of the Leeuvlei Inferred resource, but is in the Inferred category.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.06”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · monaziteTonnes: 94040000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
0.02
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.02% is important for rare earth elements, but its presence in the Inferred category indicates a need for further confidence building.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.02”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · rutileTonnes: 94040000Grade: 0.03Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
0.03
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.03% contributes to the overall value of the Leeuvlei Inferred resource, but is in the Inferred category.

Positive factors

  • Rutile is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.03”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

inferredKamiesberg Project · zirconTonnes: 94040000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:c15614da11c0e2f7858d
Deposit or zone
Leeuvlei
Mining method
combined

Resource Data

Category
inferred
Tonnes
94040000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.09% in the Leeuvlei Inferred resource indicates potential, but requires further drilling to upgrade confidence.

Positive factors

  • Zircon is a valuable heavy mineral component

Negative factors

  • Inferred category has lower geological confidence

Evidence · table

“0.09”

Context: 94.04

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

measuredKamiesberg Project · thmTonnes: 2090000Grade: 4.85Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
4.85
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Sabies Measured resource shows a high THM grade of 4.85%, indicating a valuable and well-defined portion of the deposit.

Positive factors

  • High THM grade for a Measured resource
  • JORC compliant and QP signed

Evidence · table

“4.85”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · siltTonnes: 2090000Grade: 2.72Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
2.72
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Sabies Measured resource provides geological context for processing considerations.

Evidence · table

“2.72”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ovzTonnes: 2090000Grade: 0.77Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
0.77
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Sabies Measured resource provides geological context for processing considerations.

Evidence · table

“0.77”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ilmeniteTonnes: 2090000Grade: 3.66Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
3.66
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.66% in the Sabies Measured resource is a strong indicator of economic potential.

Positive factors

  • High ilmenite grade in the Measured resource

Evidence · table

“3.66”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · leucoxeneTonnes: 2090000Grade: 0.1Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
0.1
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.10% contributes to the overall value of the Sabies Measured resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.10”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · monaziteTonnes: 2090000Grade: 0.06Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
0.06
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.06% in the Sabies Measured resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.06”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · rutileTonnes: 2090000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.09% contributes to the overall value of the Sabies Measured resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.09”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · zirconTonnes: 2090000Grade: 0.25Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:048021c0f94f03446f46
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
2090000
Grade
0.25
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.25% in the Sabies Measured resource is a strong indicator of economic potential.

Positive factors

  • High zircon grade in the Measured resource

Evidence · table

“0.25”

Context: 2.09

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · thmTonnes: 1070000Grade: 4.58Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
4.58
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Sabies Measured resource shows a high THM grade of 4.58%, indicating a valuable and well-defined portion of the deposit.

Positive factors

  • High THM grade for a Measured resource
  • JORC compliant and QP signed

Evidence · table

“4.58”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · siltTonnes: 1070000Grade: 15.17Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
15.17
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Sabies Measured resource provides geological context for processing considerations.

Evidence · table

“15.17”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ovzTonnes: 1070000Grade: 1.18Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
1.18
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Sabies Measured resource provides geological context for processing considerations.

Evidence · table

“1.18”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ilmeniteTonnes: 1070000Grade: 3.42Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
3.42
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 3.42% in the Sabies Measured resource is a strong indicator of economic potential.

Positive factors

  • High ilmenite grade in the Measured resource

Evidence · table

“3.42”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · leucoxeneTonnes: 1070000Grade: 0.12Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
0.12
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.12% contributes to the overall value of the Sabies Measured resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.12”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · monaziteTonnes: 1070000Grade: 0.05Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
0.05
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.05% in the Sabies Measured resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.05”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · rutileTonnes: 1070000Grade: 0.08Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
0.08
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.08% contributes to the overall value of the Sabies Measured resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.08”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · zirconTonnes: 1070000Grade: 0.19Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:1dcda76e8c2127002d14
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1070000
Grade
0.19
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.19% in the Sabies Measured resource is a strong indicator of economic potential.

Positive factors

  • High zircon grade in the Measured resource

Evidence · table

“0.19”

Context: 1.07

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · thmTonnes: 1230000Grade: 2.12Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
2.12
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Sabies Measured resource includes 1.23 Mt at 2.12% THM, contributing to the overall high-confidence resource base.

Positive factors

  • Measured resource component
  • JORC compliant and QP signed

Evidence · table

“2.12”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · siltTonnes: 1230000Grade: 14.57Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
14.57
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Sabies Measured resource provides geological context for processing considerations.

Evidence · table

“14.57”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ovzTonnes: 1230000Grade: 2.87Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
2.87
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Sabies Measured resource provides geological context for processing considerations.

Evidence · table

“2.87”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · ilmeniteTonnes: 1230000Grade: 1.48Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
1.48
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 1.48% in the Sabies Measured resource contributes to the overall economic potential.

Positive factors

  • Ilmenite is a valuable heavy mineral component

Evidence · table

“1.48”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · leucoxeneTonnes: 1230000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.07% contributes to the overall value of the Sabies Measured resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.07”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · monaziteTonnes: 1230000Grade: 0.02Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
0.02
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.02% in the Sabies Measured resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.02”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · rutileTonnes: 1230000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.04% contributes to the overall value of the Sabies Measured resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.04”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

measuredKamiesberg Project · zirconTonnes: 1230000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
zircon
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:f5af4872faf03725c94f
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
measured
Tonnes
1230000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The zircon grade of 0.09% in the Sabies Measured resource contributes to the overall economic potential.

Positive factors

  • Zircon is a valuable heavy mineral component

Evidence · table

“0.09”

Context: 1.23

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 Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was 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 6.6 years before this release

indicatedKamiesberg Project · thmTonnes: 28800000Grade: 3.56Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
thm
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3e7147f90f8b486cfdaa
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
indicated
Tonnes
28800000
Grade
3.56
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Sabies Indicated resource shows a high THM grade of 3.56%, indicating a valuable portion of the deposit with good confidence.

Positive factors

  • High THM grade for an Indicated resource
  • JORC compliant and QP signed

Evidence · table

“3.56”

Context: 28.80

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · siltTonnes: 28800000Grade: 5.39Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
silt
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3e7147f90f8b486cfdaa
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
indicated
Tonnes
28800000
Grade
5.39
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported silt content for the Sabies Indicated resource provides geological context for processing considerations.

Evidence · table

“5.39”

Context: 28.80

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ovzTonnes: 28800000Grade: 0.68Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ovz
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3e7147f90f8b486cfdaa
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
indicated
Tonnes
28800000
Grade
0.68
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The reported oversize content for the Sabies Indicated resource provides geological context for processing considerations.

Evidence · table

“0.68”

Context: 28.80

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · ilmeniteTonnes: 28800000Grade: 2.79Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
ilmenite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3e7147f90f8b486cfdaa
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
indicated
Tonnes
28800000
Grade
2.79
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The ilmenite grade of 2.79% in the Sabies Indicated resource is a strong indicator of economic potential.

Positive factors

  • High ilmenite grade in the Indicated resource

Evidence · table

“2.79”

Context: 28.80

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · leucoxeneTonnes: 28800000Grade: 0.09Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
leucoxene
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3e7147f90f8b486cfdaa
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
indicated
Tonnes
28800000
Grade
0.09
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The leucoxene grade of 0.09% contributes to the overall value of the Sabies Indicated resource.

Positive factors

  • Leucoxene is a valuable heavy mineral component

Evidence · table

“0.09”

Context: 28.80

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · monaziteTonnes: 28800000Grade: 0.04Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
monazite
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3e7147f90f8b486cfdaa
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
indicated
Tonnes
28800000
Grade
0.04
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The monazite grade of 0.04% in the Sabies Indicated resource is important for its rare earth element content.

Positive factors

  • Monazite is a source of rare earth elements, adding strategic value

Evidence · table

“0.04”

Context: 28.80

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 years before this release

indicatedKamiesberg Project · rutileTonnes: 28800000Grade: 0.07Grade Unit: %View all details
Link to this fact

Identity

Project
Kamiesberg Project
Commodity
rutile
Region
south_africa
Reported Region
South Africa
Ticker
AMGO

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
GeoActiv (Pty) Ltd
Resource group id
resource:3e7147f90f8b486cfdaa
Deposit or zone
Sabies
Mining method
combined

Resource Data

Category
indicated
Tonnes
28800000
Grade
0.07
Grade Unit
%

Prior Estimate

Resource Date
2020-03-01

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The rutile grade of 0.07% contributes to the overall value of the Sabies Indicated resource.

Positive factors

  • Rutile is a valuable heavy mineral component

Evidence · table

“0.07”

Context: 28.80

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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 6.6 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.