# Results for the Six Months Ended 30 June 2026 Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f Original source: https://www.londonstockexchange.com/news-article/UFO/results-for-the-six-months-ended-30-june-2026/17813268 Publisher: lse Original announcement: 2026-09-30T12:26:30.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T15:35:19.560Z Atlas analysis updated: 2026-09-30T15:35:19.560Z - Company: Alien Metals Limited - Ticker: UFO - Exchange: LSE - Region: Unavailable - Primary commodity: Silver - Secondary commodities: Iron ore, Platinum, Copper, Nickel, Gold, Phosphorus, Silicon dioxide, Aluminium oxide, Loss on ignition, Manganese oxide - Document categories: Resource update, Agreement transaction, Other - Extracted: 2026-09-30 15:35:20 UTC Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas summary Alien Metals Limited reported a significant loss of $12.514 million for the first half of 2026, including a US$6.7 million impairment on its Hancock Iron Ore Project. Despite this, the company achieved several key operational milestones, including the completion of the Munni Munni joint venture, the announcement of an inaugural JORC \(2012\) compliant Mineral Resource Estimate for the Elizabeth Hill Silver Project \(2.79 Moz silver at 617 g/t Ag\), and a maiden Ore Reserve for the Hancock Iron Ore Project \(1.9 Mt at 60.2% Fe\). The company also expanded its Australian exploration portfolio with the acquisition of the Georgina Basin IOCG Project, though a material uncertainty regarding going concern remains. Reasoning: The company reported substantial financial losses and an impairment, but also delivered significant project milestones including inaugural JORC-compliant resource and reserve estimates for key projects, completed a strategic joint venture, and expanded its exploration portfolio through acquisition. The going concern risk remains a notable concern. - Positive factor: Inaugural JORC \(2012\) compliant MRE for Elizabeth Hill Silver Project with high-grade silver - Positive factor: Maiden JORC \(2012\) compliant Ore Reserve for Hancock Iron Ore Project - Positive factor: Completion of Munni Munni JV, reducing funding requirements while retaining exposure - Positive factor: Acquisition of Georgina Basin IOCG Project, expanding exploration portfolio - Positive factor: All JORC-compliant estimates are signed off by Competent Persons - Negative factor: Significant financial loss for the period \($12.514 million\) - Negative factor: Non-cash impairment of US$6.7 million against the Hancock Project - Negative factor: Munni Munni MRE is historical \(JORC 2004\) and not yet updated to JORC 2012 - Negative factor: Going concern uncertainty due to need for additional funding - Negative factor: Elizabeth Hill MRE has a high proportion of Inferred resources \(2.42Moz Inferred vs 0.37Moz Indicated\) - Negative factor: Hancock Iron Ore estimates include penalty elements \(P, SiO2, Al2O3\) Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 32 ## Classification and evidence **Going Concern Risk** Polarity: negative Story-specific tag Definition: No canonical definition is currently available. Why it applies: The Group's ability to continue as a going concern is dependent upon securing additional funding and/or successfully completing an asset realisation. Evidence · text > material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern **Deleterious Elements Present** Polarity: negative Story-specific tag Definition: Penalty elements \(arsenic, antimony, etc.\) or refractory concerns noted in the release. Why it applies: The Hancock Iron Ore resource and reserve estimates include grades for phosphorus, silicon dioxide, and aluminium oxide, which are common penalty elements in iron ore. Evidence · table > P % Context: Fe % ## Extracted facts Stored fact records: 32. Some facts used in scoring do not have a stored record. ## Resource Estimates (32) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-0) Elizabeth Hill · silver #### Identity - Project: Elizabeth Hill - Commodity: silver - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Phil Jankowski - Resource group id: resource:9c01721ec047ac2f079f #### Resource Data - Category: indicated - Tonnes: 84000 - Grade: 137 - Grade Unit: g/t - Contained Metal: 369 - Contained Unit: koz - Cutoff Grade: 20 - Cutoff Unit: g/t Ag #### Prior Estimate - Resource Date: 2026-04-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is an inaugural JORC \(2012\) compliant Indicated Mineral Resource for Elizabeth Hill, providing reasonable geological confidence for the project. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Cut-off Disclosed - Positive factor: Maiden Resource Evidence · table > 137 g/t Context: 84,000 t #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-1) Elizabeth Hill · silver #### Identity - Project: Elizabeth Hill - Commodity: silver - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Phil Jankowski - Resource group id: resource:e75f63ac557c7a265328 #### Resource Data - Category: inferred - Tonnes: 57000 - Grade: 1331 - Grade Unit: g/t - Contained Metal: 2426 - Contained Unit: koz - Cutoff Grade: 20 - Cutoff Unit: g/t Ag #### Prior Estimate - Resource Date: 2026-04-01 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This inaugural JORC \(2012\) compliant Inferred Mineral Resource for Elizabeth Hill includes bonanza-grade silver, but its classification as Inferred indicates lower geological confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Cut-off Disclosed - Positive factor: Maiden Resource - Positive factor: Bonanza Intercept - Negative factor: Inferred Resource Evidence · table > 1,331 g/t Context: 57,000 t #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-2) Hancock Iron Ore Project · iron\_ore #### Identity - Project: Hancock Iron Ore Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:e8f460677bd898f5c624 #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 60.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Hancock Iron Ore Project has a JORC \(2012\) compliant Indicated Mineral Resource with a good iron grade, providing reasonable confidence, though penalty elements are present. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Deleterious Elements Present Evidence · table > 60.2 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-3) Hancock Iron Ore Project · phosphorus #### Identity - Project: Hancock Iron Ore Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:e8f460677bd898f5c624 #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 0.15 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Phosphorus is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 0.15 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-4) Hancock Iron Ore Project · silicon dioxide #### Identity - Project: Hancock Iron Ore Project - Commodity: silicon dioxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:e8f460677bd898f5c624 #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 4.3 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Silicon dioxide is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 4.3 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-5) Hancock Iron Ore Project · aluminium oxide #### Identity - Project: Hancock Iron Ore Project - Commodity: aluminium oxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:e8f460677bd898f5c624 #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 3.79 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Aluminium oxide is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 3.79 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-6) Hancock Iron Ore Project · loss on ignition #### Identity - Project: Hancock Iron Ore Project - Commodity: loss on ignition - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:e8f460677bd898f5c624 #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 3.7 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Loss on ignition is a parameter for iron ore quality, and while not directly a penalty element, it indicates volatile content. - Negative factor: Deleterious Elements Present Evidence · table > 3.7 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-7) Hancock Iron Ore Project · manganese oxide #### Identity - Project: Hancock Iron Ore Project - Commodity: manganese oxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:e8f460677bd898f5c624 #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 0.04 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Manganese oxide is a parameter for iron ore quality, and while not directly a penalty element, it is a minor impurity. - Negative factor: Deleterious Elements Present Evidence · table > 0.04 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-8) Hancock Iron Ore Project · iron\_ore #### Identity - Project: Hancock Iron Ore Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:0a32b189010d65fb4433 #### Resource Data - Category: inferred - Tonnes: 3800000 - Grade: 59.7 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Hancock Iron Ore Project has a JORC \(2012\) compliant Inferred Mineral Resource with a good iron grade, but its classification as Inferred indicates lower geological confidence. - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Negative factor: Inferred Resource - Negative factor: Deleterious Elements Present Evidence · table > 59.7 Context: 3.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-9) Hancock Iron Ore Project · phosphorus #### Identity - Project: Hancock Iron Ore Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:0a32b189010d65fb4433 #### Resource Data - Category: inferred - Tonnes: 3800000 - Grade: 0.17 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Phosphorus is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 0.17 Context: 3.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-10) Hancock Iron Ore Project · silicon dioxide #### Identity - Project: Hancock Iron Ore Project - Commodity: silicon dioxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:0a32b189010d65fb4433 #### Resource Data - Category: inferred - Tonnes: 3800000 - Grade: 4.6 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Silicon dioxide is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 4.6 Context: 3.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-11) Hancock Iron Ore Project · aluminium oxide #### Identity - Project: Hancock Iron Ore Project - Commodity: aluminium oxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:0a32b189010d65fb4433 #### Resource Data - Category: inferred - Tonnes: 3800000 - Grade: 3.88 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Aluminium oxide is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 3.88 Context: 3.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-12) Hancock Iron Ore Project · loss on ignition #### Identity - Project: Hancock Iron Ore Project - Commodity: loss on ignition - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:0a32b189010d65fb4433 #### Resource Data - Category: inferred - Tonnes: 3800000 - Grade: 5.1 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Loss on ignition is a parameter for iron ore quality, and while not directly a penalty element, it indicates volatile content. - Negative factor: Deleterious Elements Present Evidence · table > 5.1 Context: 3.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-13) Hancock Iron Ore Project · manganese oxide #### Identity - Project: Hancock Iron Ore Project - Commodity: manganese oxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Howard Baker - Resource group id: resource:0a32b189010d65fb4433 #### Resource Data - Category: inferred - Tonnes: 3800000 - Grade: 0.05 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Manganese oxide is a parameter for iron ore quality, and while not directly a penalty element, it is a minor impurity. - Negative factor: Deleterious Elements Present Evidence · table > 0.05 Context: 3.8 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-14) Hancock Iron Ore Project · iron\_ore #### Identity - Project: Hancock Iron Ore Project - Commodity: iron\_ore - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Peters - Resource group id: resource:c3f0ff8560f5d04f4475 #### Resource Data - Category: probable - Tonnes: 1900000 - Grade: 60.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a maiden JORC \(2012\) compliant Probable Ore Reserve for the Hancock Iron Ore Project, indicating economic viability, though penalty elements are present. - Positive factor: Probable Reserve - Positive factor: QP/CP Signed - Positive factor: JORC Compliant - Positive factor: Maiden Resource - Negative factor: Deleterious Elements Present Evidence · table > 60.2 Context: 1.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-15) Hancock Iron Ore Project · phosphorus #### Identity - Project: Hancock Iron Ore Project - Commodity: phosphorus - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Peters - Resource group id: resource:c3f0ff8560f5d04f4475 #### Resource Data - Category: probable - Tonnes: 1900000 - Grade: 0.12 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Phosphorus is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 0.12 Context: 1.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-16) Hancock Iron Ore Project · silicon dioxide #### Identity - Project: Hancock Iron Ore Project - Commodity: silicon dioxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Peters - Resource group id: resource:c3f0ff8560f5d04f4475 #### Resource Data - Category: probable - Tonnes: 1900000 - Grade: 5.69 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Silicon dioxide is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 5.69 Context: 1.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-17) Hancock Iron Ore Project · aluminium oxide #### Identity - Project: Hancock Iron Ore Project - Commodity: aluminium oxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Peters - Resource group id: resource:c3f0ff8560f5d04f4475 #### Resource Data - Category: probable - Tonnes: 1900000 - Grade: 3.54 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Aluminium oxide is a deleterious element in iron ore, potentially impacting concentrate quality or requiring additional processing. - Negative factor: Deleterious Elements Present Evidence · table > 3.54 Context: 1.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-18) Hancock Iron Ore Project · loss on ignition #### Identity - Project: Hancock Iron Ore Project - Commodity: loss on ignition - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Peters - Resource group id: resource:c3f0ff8560f5d04f4475 #### Resource Data - Category: probable - Tonnes: 1900000 - Grade: 3.85 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Loss on ignition is a parameter for iron ore quality, and while not directly a penalty element, it indicates volatile content. - Negative factor: Deleterious Elements Present Evidence · table > 3.85 Context: 1.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-19) Hancock Iron Ore Project · manganese oxide #### Identity - Project: Hancock Iron Ore Project - Commodity: manganese oxide - Region: australia\_wa - Reported Region: Pilbara, Western Australia - Ticker: UFO #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Mr Jeremy Peters - Resource group id: resource:c3f0ff8560f5d04f4475 #### Resource Data - Category: probable - Tonnes: 1900000 - Grade: 0.02 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Manganese oxide is a parameter for iron ore quality, and while not directly a penalty element, it is a minor impurity. - Negative factor: Deleterious Elements Present Evidence · table > 0.02 Context: 1.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 21 [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-20) Munni Munni · platinum Historical result Needs review: historical\_restatement #### Identity - Project: Munni Munni - Commodity: platinum - Region: australia\_wa - Reported Region: West Pilbara region of Western Australia - Ticker: UFO #### Resource scope - Estimate type: resource - Reporting standards: other - Resource group id: resource:b4353ac8e80dbf44acb2 #### Resource Data - Tonnes: 23600000 - Grade: 2.9 - Grade Unit: g/t - Contained Metal: 2.2 - Contained Unit: moz #### Metal Equivalent - Metal Eq. Grade: 2.9 - Metal Eq. Unit: g/t 4E \(PGE+Au\) - Assumptions Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This is a historical estimate from JORC 2004, not updated to JORC 2012, indicating low novelty and confidence for current reporting. - Negative factor: Historical Estimate Only - Negative factor: Stale Estimate Evidence · text > historical JORC \(2004\) Mineral Resource Estimate of 23.6 Mt @ 2.9 g/t 4E \(PGE+Au\) for 2.2 Moz #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### Fact 22 [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-21) Munni Munni #### Identity - Project: Munni Munni - Region: australia\_wa - Reported Region: West Pilbara region of Western Australia - Ticker: UFO #### Resource scope - Resource group id: resource:0ef50635d6b25ffc599c #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The completion of the JV reduces Alien's direct funding requirements while maintaining exposure to the project's potential, which is a positive strategic move. - Positive factor: Reduced funding requirements - Positive factor: Retained exposure to project upside Evidence · text > Completed the Munni Munni Platinum-Palladium-Copper-Nickel Project joint venture transaction with GreenTech Metals Limited \(ASX: GRE\) \(“GreenTech”\) in February 2026, with Alien retaining a 30% interest free carried through to completion of a bankable feasibility study. Alien also received A$500,000 in cash and 47 million GreenTech shares as consideration for the transaction. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### Fact 23 [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-22) Georgina Basin Iron-Oxide Copper-Gold Project #### Identity - Project: Georgina Basin Iron-Oxide Copper-Gold Project - Region: australia\_nt - Reported Region: Northern Territory, Australia - Ticker: UFO #### Resource scope - Resource group id: resource:95ad827e2451c37932ec #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The acquisition expands the company's exploration portfolio into a new prospective region with IOCG potential, adding long-term value. - Positive factor: Expanded exploration portfolio - Positive factor: Exposure to large-scale IOCG opportunity Evidence · text > On 7 July 2026, Alien announced that it had entered into a conditional agreement to acquire 100% of Knox Resources Pty Ltd, holder of the Georgina Basin Iron-Oxide Copper-Gold Project in the Northern Territory, Australia. The acquisition completed on 16 July 2026. ... Total consideration was £200,000, comprising £100,000 in cash and the issue of 90,260,854 fully paid ordinary shares in Alien Metals Limited. #### Tags used in scoring **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-23) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:160fee2a4b9f8ea0a0d9 #### Resource Data - Category: indicated - Tonnes: 2800000 - Grade: 59.8 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 59.8 Context: 2.8 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-24) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:ca4bc009038b6fe291dc #### Resource Data - Category: indicated - Tonnes: 700000 - Grade: 60.9 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 60.9 Context: 0.7 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-25) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:254352e73670174d5e50 #### Resource Data - Category: indicated - Tonnes: 1000000 - Grade: 61 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 61.0 Context: 1.0 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-26) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:f69a5c7d748e3c6898b5 #### Resource Data - Category: indicated - Tonnes: 4500000 - Grade: 60.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 60.2 Context: 4.5 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-27) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:ac870f79d6efad369260 #### Resource Data - Category: inferred - Tonnes: 3100000 - Grade: 59.6 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 59.6 Context: 3.1 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-28) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:a987278c309ef2f94682 #### Resource Data - Category: inferred - Tonnes: 400000 - Grade: 60.8 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 60.8 Context: 0.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-29) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:1a74b24333eb26659ba8 #### Resource Data - Category: inferred - Tonnes: 300000 - Grade: 59.8 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 59.8 Context: 0.3 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-30) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: resource - Resource group id: resource:4aabb3ed80c98e097700 #### Resource Data - Category: inferred - Tonnes: 8400000 - Grade: 60 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 60.0 Context: 8.4 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/results-for-the-six-months-ended-30-june-2026--b57a5470-938d-4512-b26b-9652f7c8fd8f#fact-resource-facts-31) Hancock · iron\_ore #### Identity - Project: Hancock - Commodity: iron\_ore - Ticker: UFO #### Resource scope - Estimate type: reserve - Resource group id: resource:6505bcda9095f5472799 #### Resource Data - Category: probable - Tonnes: 1900000 - Grade: 60.2 - Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 60.2 Context: 1.9 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ## 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.