# RMS: 2026 Annual Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03153570 Publisher: asx Original announcement: 2026-10-16T07:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-16T08:15:27.920Z Atlas analysis updated: 2026-10-16T08:15:27.920Z - Company: Ramelius Resources Limited - Ticker: RMS - Exchange: ASX - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Other, Resource update, Production, Metallurgy - Extracted: 2026-10-16 08:15:28 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Ramelius Resources Limited reported a transformational year in FY26, marked by a 17% increase in Mineral Resources to 14Moz and a 79% increase in Ore Reserves to 4.3Moz as of June 30, 2026. Key milestones included the successful integration and commercial production at the Dalgaranga Gold Mine, a positive Definitive Feasibility Study for the Rebecca-Roe Gold Project, and a significant upgrade to the Mt Magnet processing plant. The company also returned A$255.7 million to shareholders through dividends and a share buy-back program, reflecting strong financial performance despite a year-on-year decrease in gold production. Reasoning: Ramelius Resources Limited reported a transformational year in FY26, highlighted by significant growth in its gold Mineral Resources and Ore Reserves, successful integration of the Dalgaranga Gold Mine, and a robust Definitive Feasibility Study for the Rebecca-Roe Gold Project. The company also demonstrated strong financial performance and returned capital to shareholders, despite a decrease in gold production and an increase in the Restricted Work Injury Frequency Rate. - Positive factor: Significant increase in Mineral Resources \(17% to 14Moz\) - Positive factor: Substantial increase in Ore Reserves \(79% to 4.3Moz\) - Positive factor: Maiden Ore Reserve for Never Never underground \(1.6Moz\) - Positive factor: Maiden Ore Reserve for Roe underground \(260koz\) - Positive factor: Positive DFS for Rebecca-Roe Gold Project \(NPV5% of A$692 million, 1.1Moz Ore Reserve\) - Positive factor: Mt Magnet plant upgrade to 5Mtpa capacity - Positive factor: Strong financial performance \(AISC margin, underlying EBITDA\) - Positive factor: Share buy-back program of A$250 million announced - Positive factor: Successful integration and commercial production at Dalgaranga Gold Mine - Positive factor: Initial metallurgical recoveries on Never Never ore better than modelled - Negative factor: Gold production decreased year-on-year \(192,182oz vs 301,664oz\) - Negative factor: Underlying NPAT decreased year-on-year - Negative factor: Total employee turnover rate is high \(31%\) - Negative factor: Restricted Work Injury Frequency Rate \(RWIFR\) increased Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 60 ## Classification and evidence **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: Mineral Resources and Ore Reserves are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\) 2012 Edition. Evidence · text > Ramelius reports its Mineral Resources and Ore Reserves on an annual basis as at 30 June in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\) 2012 Edition. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The Mineral Resources and Ore Reserves information is based on information compiled by Jake Ball and Paul Hucker, who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy. Evidence · text > The information in this Report that relates to Mineral Resources and Ore Reserves is based on information compiled by Jake Ball \(Mineral Resources and Exploration Targets\) and Paul Hucker \(Ore Reserves\), who are Competent Persons and Members of The Australasian Institute of Mining and Metallurgy. **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: Mineral Resources increased by 17% and Ore Reserves increased by 79% compared to FY25. Evidence · text > MINERAL RESOURCES Up 17% ... ORE RESERVES Up 79% **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: Mineral Resources increased by 17% to 14Moz and Ore Reserves increased by 79% to 4.3Moz compared to FY25. Evidence · text > MINERAL RESOURCES Up 17% ... ORE RESERVES Up 79% **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: A Maiden Ore Reserve of 1.6Moz was declared for Never Never underground and 260koz for Roe underground. Evidence · text > Maiden Ore Reserve of 7.0Mt at 7.3g/t for 1.6Moz \(declared post-acquisition by Ramelius on 28 October 2025\). **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides updated Mineral Resources and Ore Reserves as of 30 June 2026. Evidence · text > Resources and Reserves 28 ... Mineral Resources 30 ... Ore Reserves 37 **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: The Rebecca-Roe Gold Project DFS was completed, demonstrating robust financial returns and supporting a Final Investment Decision. Evidence · text > Ramelius released its Definitive Feasibility Study \(DFS\) on the Rebecca-Roe Gold Project on 28 October 2025. **PFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component. Why it applies: A Pre-Feasibility Study was completed for the Never Never Underground Deposit, demonstrating strong economic returns. Evidence · text > On 28 October 2025, Ramelius released its Pre-Feasibility Study \(PFS\) on the Never Never Underground Deposit \(including Pepper\). **High Recovery** Polarity: positive Story-specific tag Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: The Mt Magnet mill achieved a recovery of 95.3% for the year, and the Rebecca-Roe DFS reported an average metallurgical recovery of 91.5%. Evidence · text > Recovery % 95.3% **Recovery Improving** Polarity: positive Story-specific tag Definition: Recovery improved versus a like-for-like prior test program on the same domain and route. Why it applies: Initial metallurgical recoveries on the Never Never ore have been better than modelled. Evidence · text > Initial metallurgical recoveries on the ore have been better than modelled. **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: The cut-off grades for most of the reported Mineral Resources and Ore Reserves are not explicitly stated in the tables. Evidence · text > Figures rounded to 2 significant figures. Rounding errors may occur. ## Extracted facts Stored fact records: 38. Some facts used in scoring do not have a stored record. ## Resource Estimates (31) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-0) Group Total · gold #### Identity - Project: Group Total - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:726e31f725f3c322439e #### Resource Data - Category: measured - Tonnes: 15000000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 670 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 - Prior Contained Metal: 12000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The company reported a significant Measured Mineral Resource of 15 Mt at 1.4 g/t Au for 670 koz, contributing to the overall 17% increase in Mineral Resources, and is JORC compliant with QP sign-off. - Positive factor: Measured Resource - Positive factor: Category Upgrade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.4 Context: 15,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 670 against 12000 previously ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-1) Group Total · gold #### Identity - Project: Group Total - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:9754124bd86adb11be40 #### Resource Data - Category: indicated - Tonnes: 160000000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 9100 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 - Prior Contained Metal: 12000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The company reported a substantial Indicated Mineral Resource of 160 Mt at 1.8 g/t Au for 9,100 koz, contributing to the overall 17% increase in Mineral Resources, and is JORC compliant with QP sign-off. - Positive factor: Indicated Resource - Positive factor: Category Upgrade - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.8 Context: 160,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 9100 against 12000 previously ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-2) Group Total · gold #### Identity - Project: Group Total - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:61c188da652b0d2f6179 #### Resource Data - Category: inferred - Tonnes: 85000000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 3900 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 - Prior Contained Metal: 12000 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The company reported an Inferred Mineral Resource of 85 Mt at 1.4 g/t Au for 3,900 koz, contributing to the overall 17% increase in Mineral Resources, and is JORC compliant with QP sign-off. - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.4 Context: 85,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 3900 against 12000 previously ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-3) Mt Magnet · gold #### Identity - Project: Mt Magnet - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:4e504b92bd14a433da4f #### Resource Data - Category: measured - Tonnes: 13000000 - Grade: 1.2 - Grade Unit: g/t - Contained Metal: 470 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Mt Magnet project reported a Measured Mineral Resource of 13 Mt at 1.2 g/t Au for 470 koz, contributing to the overall resource base. - Positive factor: Measured Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.2 Context: 13,000 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-4) Mt Magnet · gold #### Identity - Project: Mt Magnet - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:a6762c934203f2998bb1 #### Resource Data - Category: indicated - Tonnes: 57000000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 3000 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Mt Magnet project reported an Indicated Mineral Resource of 57 Mt at 1.6 g/t Au for 3,000 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.6 Context: 57,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-5) Mt Magnet · gold #### Identity - Project: Mt Magnet - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:3088e1bb5b3777af8b6c #### Resource Data - Category: inferred - Tonnes: 29000000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 1400 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Mt Magnet project reported an Inferred Mineral Resource of 29 Mt at 1.5 g/t Au for 1,400 koz, contributing to the overall resource base. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.5 Context: 29,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-6) Cue · gold #### Identity - Project: Cue - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:37473dab040471fbf5aa #### Resource Data - Category: measured - Tonnes: 470000 - Grade: 2.9 - Grade Unit: g/t - Contained Metal: 44 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Cue project reported a Measured Mineral Resource of 0.47 Mt at 2.9 g/t Au for 44 koz, contributing to the overall resource base. - Positive factor: Measured Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 2.9 Context: 470 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-7) Cue · gold #### Identity - Project: Cue - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:67a071cfe7da99ce5710 #### Resource Data - Category: indicated - Tonnes: 6900000 - Grade: 2.2 - Grade Unit: g/t - Contained Metal: 500 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Cue project reported an Indicated Mineral Resource of 6.9 Mt at 2.2 g/t Au for 500 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 2.2 Context: 6,900 #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-8) Cue · gold #### Identity - Project: Cue - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:5f8a505df5020450016d #### Resource Data - Category: inferred - Tonnes: 22000000 - Grade: 1.2 - Grade Unit: g/t - Contained Metal: 860 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Cue project reported an Inferred Mineral Resource of 22 Mt at 1.2 g/t Au for 860 koz, contributing to the overall resource base. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.2 Context: 22,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-9) Dalgaranga · gold #### Identity - Project: Dalgaranga - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:b5e93a036c9882a7d82b #### Resource Data - Category: measured - Tonnes: 770000 - Grade: 5 - Grade Unit: g/t - Contained Metal: 120 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Dalgaranga project reported a Measured Mineral Resource of 0.77 Mt at 5.0 g/t Au for 120 koz, contributing to the overall resource base. - Positive factor: Measured Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 5.0 Context: 770 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-10) Dalgaranga · gold #### Identity - Project: Dalgaranga - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:1afbdbce0c2f21eb3627 #### Resource Data - Category: indicated - Tonnes: 16000000 - Grade: 4.6 - Grade Unit: g/t - Contained Metal: 2400 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Dalgaranga project reported an Indicated Mineral Resource of 16 Mt at 4.6 g/t Au for 2,400 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 4.6 Context: 16,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-11) Dalgaranga · gold #### Identity - Project: Dalgaranga - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:bbd0d93c16aedc7c4ef0 #### Resource Data - Category: inferred - Tonnes: 6600000 - Grade: 2.4 - Grade Unit: g/t - Contained Metal: 500 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Dalgaranga project reported an Inferred Mineral Resource of 6.6 Mt at 2.4 g/t Au for 500 koz, contributing to the overall resource base. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 2.4 Context: 6,600 #### 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-12) Yalgoo · gold #### Identity - Project: Yalgoo - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:5df9d3c7ae68e83f90d2 #### Resource Data - Category: indicated - Tonnes: 3400000 - Grade: 1.5 - Grade Unit: g/t - Contained Metal: 160 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Yalgoo project reported an Indicated Mineral Resource of 3.4 Mt at 1.5 g/t Au for 160 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.5 Context: 3,400 #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-13) Yalgoo · gold #### Identity - Project: Yalgoo - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:036c6a52991d1de9d0ca #### Resource Data - Category: inferred - Tonnes: 1900000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 83 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Yalgoo project reported an Inferred Mineral Resource of 1.9 Mt at 1.4 g/t Au for 83 koz, contributing to the overall resource base. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.4 Context: 1,900 #### 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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-14) Penny · gold #### Identity - Project: Penny - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:b68a55dd15e6ea31bc7f #### Resource Data - Category: measured - Tonnes: 9200 - Grade: 17 - Grade Unit: g/t - Contained Metal: 5 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Penny project reported a Measured Mineral Resource of 9.2 kt at 17 g/t Au for 5 koz, contributing to the overall resource base. - Positive factor: Measured Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 17 Context: 9.2 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-15) Penny · gold #### Identity - Project: Penny - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:6759f0fb07c5b0fdfa8e #### Resource Data - Category: indicated - Tonnes: 98000 - Grade: 10.4 - Grade Unit: g/t - Contained Metal: 33 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Penny project reported an Indicated Mineral Resource of 98 kt at 10.4 g/t Au for 33 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 10.4 Context: 98 #### 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-16) Rebecca · gold #### Identity - Project: Rebecca - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:2b56e07e550385ca6671 #### Resource Data - Category: indicated - Tonnes: 27000000 - Grade: 1.3 - Grade Unit: g/t - Contained Metal: 1100 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Rebecca project reported an Indicated Mineral Resource of 27 Mt at 1.3 g/t Au for 1,100 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.3 Context: 27,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-17) Rebecca · gold #### Identity - Project: Rebecca - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:da996f4be20a193568af #### Resource Data - Category: inferred - Tonnes: 6500000 - Grade: 1.2 - Grade Unit: g/t - Contained Metal: 240 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Rebecca project reported an Inferred Mineral Resource of 6.5 Mt at 1.2 g/t Au for 240 koz, contributing to the overall resource base. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.2 Context: 6,500 #### 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-18) Roe · gold #### Identity - Project: Roe - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:124e4e344cc59bb56416 #### Resource Data - Category: indicated - Tonnes: 23000000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 1200 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Roe project reported an Indicated Mineral Resource of 23 Mt at 1.6 g/t Au for 1,200 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.6 Context: 23,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-19) Roe · gold #### Identity - Project: Roe - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:b7ad820b685f13d074d1 #### Resource Data - Category: inferred - Tonnes: 11000000 - Grade: 1.6 - Grade Unit: g/t - Contained Metal: 560 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Roe project reported an Inferred Mineral Resource of 11 Mt at 1.6 g/t Au for 560 koz, contributing to the overall resource base. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.6 Context: 11,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-20) Edna May · gold #### Identity - Project: Edna May - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:46f6ecfe5087af0d3b53 #### Resource Data - Category: measured - Tonnes: 720000 - Grade: 1.1 - Grade Unit: g/t - Contained Metal: 25 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Edna May project reported a Measured Mineral Resource of 0.72 Mt at 1.1 g/t Au for 25 koz, contributing to the overall resource base. - Positive factor: Measured Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.1 Context: 720 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-21) Edna May · gold #### Identity - Project: Edna May - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:50e2b35a4cfeb913bb98 #### Resource Data - Category: indicated - Tonnes: 23000000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 700 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Edna May project reported an Indicated Mineral Resource of 23 Mt at 1.0 g/t Au for 700 koz, contributing to the overall resource base. - Positive factor: Indicated Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.0 Context: 23,000 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-22) Edna May · gold #### Identity - Project: Edna May - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: resource - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:f3874ed726fcbb07ebb9 #### Resource Data - Category: inferred - Tonnes: 7000000 - Grade: 1 - Grade Unit: g/t - Contained Metal: 220 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Edna May project reported an Inferred Mineral Resource of 7 Mt at 1.0 g/t Au for 220 koz, contributing to the overall resource base. - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.0 Context: 7,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **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 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-23) Group Total · gold #### Identity - Project: Group Total - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:4b68b94fe1bb95d0d9b5 #### Resource Data - Category: proven - Tonnes: 9400000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 190 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 - Prior Contained Metal: 2400 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The company reported a Proven Ore Reserve of 9.4 Mt at 0.6 g/t Au for 190 koz, contributing to the overall 79% increase in Ore Reserves, and is JORC compliant with QP sign-off. - Positive factor: Proven Reserve - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 0.6 Context: 9,400 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 190 against 2400 previously ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-24) Group Total · gold #### Identity - Project: Group Total - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:537408fc28bffac4dd71 #### Resource Data - Category: probable - Tonnes: 61000000 - Grade: 2.1 - Grade Unit: g/t - Contained Metal: 4100 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 - Prior Contained Metal: 2400 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The company reported a Probable Ore Reserve of 61 Mt at 2.1 g/t Au for 4,100 koz, contributing to the overall 79% increase in Ore Reserves, and is JORC compliant with QP sign-off. - Positive factor: Probable Reserve - Positive factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 2.1 Context: 61,000 #### 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 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 4100 against 2400 previously ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-25) Mt Magnet · gold #### Identity - Project: Mt Magnet - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:6714664517f37a6ec93e #### Resource Data - Category: proven - Tonnes: 9400000 - Grade: 0.6 - Grade Unit: g/t - Contained Metal: 190 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Mt Magnet project reported a Proven Ore Reserve of 9.4 Mt at 0.6 g/t Au for 190 koz, contributing to the overall reserve base. - Positive factor: Proven Reserve - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 0.6 Context: 9,400 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-26) Mt Magnet · gold #### Identity - Project: Mt Magnet - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:314aca75326313c4a0a9 #### Resource Data - Category: probable - Tonnes: 25000000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 1100 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Mt Magnet project reported a Probable Ore Reserve of 25 Mt at 1.4 g/t Au for 1,100 koz, contributing to the overall reserve base. - Positive factor: Probable Reserve - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.4 Context: 25,000 #### 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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-27) Cue · gold #### Identity - Project: Cue - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:4dbadd76a10c4296daf6 #### Resource Data - Category: probable - Tonnes: 3400000 - Grade: 1.8 - Grade Unit: g/t - Contained Metal: 200 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Cue project reported a Probable Ore Reserve of 3.4 Mt at 1.8 g/t Au for 200 koz, contributing to the overall reserve base. - Positive factor: Probable Reserve - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.8 Context: 3,400 #### 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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-28) Penny · gold #### Identity - Project: Penny - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:b60aefc86e6cd49ef442 #### Resource Data - Category: probable - Tonnes: 100000 - Grade: 5.9 - Grade Unit: g/t - Contained Metal: 20 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Penny project reported a Probable Ore Reserve of 0.1 Mt at 5.9 g/t Au for 20 koz, contributing to the overall reserve base. - Positive factor: Probable Reserve - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 5.9 Context: 100 #### 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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-29) Dalgaranga · gold #### Identity - Project: Dalgaranga - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:093f88594a10c72ec453 #### Resource Data - Category: probable - Tonnes: 7000000 - Grade: 7.2 - Grade Unit: g/t - Contained Metal: 1600 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Dalgaranga project reported a significant Maiden Probable Ore Reserve of 7 Mt at 7.2 g/t Au for 1,600 koz, which is a major positive for the company. - Positive factor: Probable Reserve - Positive factor: Maiden Resource - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 7.2 Context: 7,000 #### 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 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-resource-facts-30) Rebecca-Roe · gold #### Identity - Project: Rebecca-Roe - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Resource scope - Estimate type: reserve - Reporting standards: jorc - QP Signed: Yes - Qualified person names: Jake Ball, Paul Hucker - Resource group id: resource:1c0206267fc5f56afdb4 #### Resource Data - Category: probable - Tonnes: 25000000 - Grade: 1.4 - Grade Unit: g/t - Contained Metal: 1100 - Contained Unit: koz #### Prior Estimate - Resource Date: 2026-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Rebecca-Roe Gold Project reported a significant Probable Ore Reserve of 25 Mt at 1.4 g/t Au for 1,100 koz, supporting the positive DFS results. - Positive factor: Probable Reserve - Positive factor: Maiden Resource - Positive factor: DFS-Supporting - Positive factor: JORC Compliant - Positive factor: QP/CP Signed Evidence · table > 1.4 Context: 25,000 #### 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 ## Metallurgical Results (7) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-metallurgical-facts-33) Rebecca-Roe Gold Project · gold #### Identity - Project: Rebecca-Roe Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Recovery - Recovery: 91.5 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Rebecca-Roe DFS demonstrates robust financial returns with a high NPV, strong IRR, and a 9-year mine life averaging 130koz pa, supporting a Final Investment Decision. - Positive factor: DFS-Supporting - Positive factor: High NPV - Positive factor: Strong IRR - Positive factor: Long Mine Life - Positive factor: High Recovery Evidence · text > The Rebecca-Roe DFS was announced on 28 October 2025. The key highlights from the DFS include: • Undiscounted cash flow, after tax, of $1,037 million \(at a base case of A$4,500/oz\) • After-tax net present value \(NPV5%\) of $692 million \(at A$4,500/oz\) • Internal rate of return \(IRR\) after tax of 34 percent \(at A$4,500/oz\) • Gold production averages 130koz pa over the Life-of-Mine at an AISC of A$2,625/oz • Mine Plan2 – A gold price of A$3,250/oz has been used for generation of open pit and underground cut-off grades – Open Pit - 21Mt at 1.3g/t for 0.88M ounces – Underground - 5Mt at 1.8g/t for 0.31M ounces – Total - 26Mt at 1.4g/t for 1.2M ounces – Mining commencement December 2027 quarter, with first gold production forecasted to commence in the December 2028 quarter, with an initial mine life of nine \(9\) years – Capital cost of $188 million for a 3.25Mtpa processing plant located adjacent to Rebecca – Average metallurgical recovery of 91.5 percent ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-metallurgical-facts-36) Mt Magnet · gold #### Identity - Project: Mt Magnet - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Test Work - Grind P80: 53 µm #### Recovery - Recovery: 92.4 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: Circuit one of the Mt Magnet plant upgrade will process 1.3 Mtpa at a finer grind size of 53μm to achieve optimal recoveries of 92.4% from Dalgaranga ore. - Positive factor: Plant Upgrade - Positive factor: Improved Recovery - Positive factor: Optimized Grind Size Evidence · text > Circuit one will comprise repurposing and refurbishing the existing Mt Magnet 1.9Mtpa plant down to 1.3Mtpa and reduce the current grind size from 175 micrometres \(μm\) to 53μm which will allow optimal recoveries from the Dalgaranga ore. Circuit two will comprise a new 3Mtpa circuit at a grind size of 175μm to process Mt Magnet ore sources. This will include relocation and repurposing existing equipment from the Dalgaranga plant. The selected engineering solution and operational plan is estimated to deliver over $1 billion in synergies over the first 10 years of mine life. ### Fact 3 [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-metallurgical-facts-38) Mt Magnet · gold #### Identity - Project: Mt Magnet - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Recovery - Recovery: 95.3 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Mt Magnet mill achieved a high recovery of 95.3% for the year, demonstrating efficient processing. - Positive factor: High Recovery Evidence · table > 95.3% Context: Recovery % #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 95.3% is at or above the exceptional band \(95%\) ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-metallurgical-facts-39) Never Never Underground Mine \(Dalgaranga\) · gold Historical result Needs review: historical\_restatement #### Identity - Project: Never Never Underground Mine \(Dalgaranga\) - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Recovery - Recovery: 81 % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-10-01T00:00:00.000Z #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: A recovery of 81% was assumed for Never Never ore in the Five-Year Plan released in October 2025, prior to the Mt Magnet mill upgrades. Evidence · text > a recovery of 81 percent was assumed in the Five-Year Plan released in October 2025 prior to the Mt Magnet processing plant upgrade ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-metallurgical-facts-41) Rebecca-Roe Gold Project · gold #### Identity - Project: Rebecca-Roe Gold Project - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Recovery - Recovery: 91.5 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: The Rebecca-Roe DFS reported an average metallurgical recovery of 91.5%, which is a strong recovery for the project. - Positive factor: High Recovery - Positive factor: DFS-Supporting Evidence · text > Average metallurgical recovery of 91.5 percent ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-metallurgical-facts-54) Group Total · gold #### Identity - Project: Group Total - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Recovery - Recovery: 95.3 % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: Recovery remained high at 95.3% in FY26, despite a slight decrease from the prior year. - Positive factor: High Recovery Evidence · table > 95.3% Context: Recovery % #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 95.3% is at or above the exceptional band \(95%\) ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/rms-2026-annual-report--670e7403-9492-4b8e-9241-b64ede2f9cdd#fact-metallurgical-facts-55) Group Total · gold Historical result Needs review: historical\_restatement #### Identity - Project: Group Total - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: RMS #### Recovery - Recovery: 97.1 % #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-06-30T00:00:00.000Z #### Dates - Event date: 2026-10-16T00:00:00.000Z Reasoning: Prior year recovery for FY25 was 97.1%. - Positive factor: High Recovery Evidence · table > 97.1% Context: Recovery % #### Tags used in scoring **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: 97.1% is at or above the exceptional band \(95%\) ## 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.