SCN: Pit Optimisation Update Outlines Production Pathway

Original announcement by asx on

Company
Scorpion Minerals Limited
Ticker
SCN
Exchange
ASX
Region
Western Australia
Primary commodity
Gold
Secondary commodities
Copper, Zinc, Cobalt, Silver
Document categories
Other, Resource update, Agreement transaction, Drill results
Extracted
2026-10-20 23:09:14 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Scorpion Minerals Limited announced an updated pit optimisation for its Old Prospect Gold Deposit in Western Australia, outlining a production pathway. The study, based on a $6,000/oz gold price, identifies 314,565 tonnes at 1.6 g/t Au for 16,159 oz, representing a 203% increase in contained gold compared to a previous study. The company has also granted Andel Resources Pty Ltd an option for a Right-to-Mine Agreement, with processing planned at the nearby Kirkalocka plant.

Reasoning: The updated pit optimisation for the Old Prospect Gold Deposit shows a substantial increase in contained gold and outlines a clear production pathway, supported by a right-to-mine agreement and processing at an existing plant.

Positive factors

  • Significant increase in contained gold from pit optimisation (203% more)
  • Higher gold price assumption ($6,000/oz vs $3,000/oz) reflecting current market
  • Clear production pathway outlined with a right-to-mine agreement and processing at an existing plant
  • High confidence in the underlying resource (72% Indicated)
  • JORC 2012 compliant MRE

Negative factors

  • Pit optimisation based on existing MRE from 2021, not a new resource
  • Historical drill results re-stated, not new
  • No new metallurgical test work for Old Prospect
  • Density values for MRE assigned from local knowledge, not determined from samples
  • No external audits of the MRE

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 38

Classification and evidence

Tonnage Growthpositive

Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.

Why it applies: The new pit optimisation identifies 314,565 tonnes compared to the previous scoping study's 82,224 tonnes, representing a significant increase.

Evidence · text

“updated pit optimisation at A$6,000/oz identifies 314,565 tonnes at 1.6 g/t Au for 16,159 oz from single open pits at Old Prospect North and South. ... Previous scoping study by Ozz Resources Limited in April 2024 assumed $3,000/oz ... identified potential to mine 82,224 tonnes at 3g/t Au for 7,964 oz”

Contained Metal Growthpositive

True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: The new pit optimisation identifies 16,159 oz of gold compared to the previous scoping study's 7,964 oz, representing a 203% increase in contained gold.

Evidence · text

“updated pit optimisation at A$6,000/oz identifies 314,565 tonnes at 1.6 g/t Au for 16,159 oz ... The new optimisation results in 203% more gold contained”

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: The Old Prospect Mineral Resource Estimate is JORC 2012 compliant.

Evidence · text

“Old Prospect (North and South) have a combined JORC 2012 compliant Mineral Resource Estimate (MRE)”

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: Mr Michael Fotios and Mr Rob Spiers are named as Competent Persons responsible for the information in the report.

Evidence · text

“The information in this report that relates to the Exploration Results, Exploration Targets, Pit Optimisation and Mineral Resources at the Mt Mulcahy and Pharos Projects is based on information reviewed by Mr Michael Fotios, who is a member of the Australian Institute of Mining and Metallurgy. ... The information in this report that relates to the Mt Mulcahy Mineral Resource is based on information originally compiled by Mr Rob Spiers”

Indicated Resourcepositive

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

Why it applies: 72% of the contained gold in the Old Prospect MRE is in the higher confidence Indicated Resource category.

Evidence · text

“72% or 15,600oz is in the higher confidence Indicated Resource category”

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: The Old Prospect MRE was reported on 19 November 2021, making it over 2 years old.

Evidence · text

“OZZ announced a maiden JORC 2012 Code reportable Indicated and Inferred Mineral Resource Estimate (MRE) for Old Prospect North and South on 19 November 2021”

No QA/QC Disclosurenegative · Story-specific tag

Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: The JORC Table 1 section for 'Quality of assay data and laboratory tests' mentions 'No external standards were used' and 'No QAQC was undertaken on the samples' for E79 Gold Mines Limited 2023 Auger Drilling and Rock Chips, and 'No formal audits have been completed on sampling techniques and data due to the early-stage nature of the drilling' for OZZ Resources 2021 RC Drilling.

Evidence · text

“No external standards were used. ... No QAQC was undertaken on the samples. ... No formal audits have been completed on sampling techniques and data due to the early-stage nature of the drilling.”

Deleterious Elements Presentnegative · Story-specific tag

Penalty elements (arsenic, antimony, etc.) or refractory concerns noted in the release.

Why it applies: Arsenic levels are noted as high in the region overall.

Evidence · text

“Arsenic levels are high in the region overall.”

Apparent Width Onlynegative · Story-specific tag

Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.

Why it applies: The historical drill intercepts are reported as downhole lengths with true width not known.

Evidence · text

“Intercept lengths are downhole lengths ... Downhole lengths, true width not known”

Stale Data Re-releasenegative · Story-specific tag

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: The drill highlights are explicitly from 'Old Prospect Historic Exploration Summary' and are not new results.

Evidence · text

“Old Prospect Historic Exploration Summary ... drilling highlights including:”

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component.

Why it applies: The Mt Mulcahy MRE is referred to as 'Maiden Copper - Zinc Resource at Mt Mulcahy' in the reference.

Evidence · text

“refer ASX release 25/9/2014 “Maiden Copper - Zinc Resource at Mt Mulcahy””

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The Old Prospect MRE is an existing resource that is being used as the basis for the pit optimisation update.

Evidence · text

“An updated open pit optimisation has been completed at $6,000/oz for the existing Old Prospect Mineral Resource Estimate”

PEA-Supportingneutral

Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.

Why it applies: The pit optimisation provides a basis for further scoping and mining studies, which are typically part of a PEA or PFS.

Evidence · text

“The purpose of the open pit optimisation is to demonstrate the reasonable prospects for eventual economic extraction (RPEEE) as defined in the 2012 JORC Code plus provide a basis for further scoping and mining studies.”

Extracted facts

Stored fact records: 35. Some facts used in scoring do not have a stored record.

Drill Results (1)

BWRC005Old Prospect North · goldGrade: 12.8Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
BWRC005
Project
Old Prospect North
Commodity
gold
Region
australia_wa
Reported Region
australia_wa
Ticker
SCN

Geometry

Grade
12.8
Grade Unit
g/t
Intercept
1 m

Classification

Sample Type
drill

QA/QC

QA/QC Disclosed
Yes
QA/QC Methods
standards, blanks, duplicates

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical very high-grade sub-interval from the Old Prospect project, re-stated as a highlight.

Positive factors

  • Bonanza Intercept
  • Very high grade

Negative factors

  • Historical result
  • Apparent width only
  • From/to depths not specified for sub-interval

Evidence · text

“including 1m @ 12.8 (BWRC005)”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

Historical results re-announced with no new assays or reinterpretation — low genuine novelty.

Why it applies: the fact restates a prior release

Resource Estimates (34)

indicatedOld Prospect North · goldTonnes: 149879Grade: 1.91Grade Unit: g/tContained Metal: 9214Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect North
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:9c24e7340013466b1ad1

Resource Data

Category
indicated
Tonnes
149879
Grade
1.91
Grade Unit
g/t
Contained Metal
9214
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Indicated Mineral Resource for Old Prospect North, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2021)

Evidence · table

“1.91”

Context: 149,879

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

inferredOld Prospect North · goldTonnes: 62637Grade: 2.46Grade Unit: g/tContained Metal: 4961Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect North
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:31cf62aa9dbdf1c848dd

Resource Data

Category
inferred
Tonnes
62637
Grade
2.46
Grade Unit
g/t
Contained Metal
4961
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for Old Prospect North, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2021)
  • Inferred Resource category

Evidence · table

“2.46”

Context: 62,637

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

Fact 3Old Prospect North · goldTonnes: 212516Grade: 2.07Grade Unit: g/tContained Metal: 14175Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect North
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:83c1ec29f61fe29a6de9

Resource Data

Tonnes
212516
Grade
2.07
Grade Unit
g/t
Contained Metal
14175
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for Old Prospect North, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2021)

Evidence · table

“2.07”

Context: 212,516

Tags used in scoring

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

indicatedOld Prospect South · goldTonnes: 79429Grade: 2.5Grade Unit: g/tContained Metal: 6385Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect South
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:639933211c920e070c35

Resource Data

Category
indicated
Tonnes
79429
Grade
2.5
Grade Unit
g/t
Contained Metal
6385
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Indicated Mineral Resource for Old Prospect South, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2021)

Evidence · table

“2.50”

Context: 79,429

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

inferredOld Prospect South · goldTonnes: 20234Grade: 1.65Grade Unit: g/tContained Metal: 1075Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect South
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:ca5d77456963792f40e6

Resource Data

Category
inferred
Tonnes
20234
Grade
1.65
Grade Unit
g/t
Contained Metal
1075
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for Old Prospect South, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2021)
  • Inferred Resource category

Evidence · table

“1.65”

Context: 20,234

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

Fact 6Old Prospect South · goldTonnes: 99663Grade: 2.33Grade Unit: g/tContained Metal: 7459Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect South
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:deb043c4c04433c4d0d5

Resource Data

Tonnes
99663
Grade
2.33
Grade Unit
g/t
Contained Metal
7459
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for Old Prospect South, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2021)

Evidence · table

“2.33”

Context: 99,663

Tags used in scoring

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

indicatedOld Prospect · goldTonnes: 229308Grade: 2.12Grade Unit: g/tContained Metal: 15599Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:e69effdebb1b59b70968

Resource Data

Category
indicated
Tonnes
229308
Grade
2.12
Grade Unit
g/t
Contained Metal
15599
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Indicated Mineral Resource for Old Prospect, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2021)

Evidence · table

“2.12”

Context: 229,308

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

inferredOld Prospect · goldTonnes: 82871Grade: 2.27Grade Unit: g/tContained Metal: 6036Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:1df1ea346bafa9da1a9f

Resource Data

Category
inferred
Tonnes
82871
Grade
2.27
Grade Unit
g/t
Contained Metal
6036
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Inferred Mineral Resource for Old Prospect, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2021)
  • Inferred Resource category

Evidence · table

“2.27”

Context: 82,871

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

Fact 9Old Prospect · goldTonnes: 312395Grade: 2.15Grade Unit: g/tContained Metal: 21632Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Old Prospect
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:c513269999711bf92d26

Resource Data

Tonnes
312395
Grade
2.15
Grade Unit
g/t
Contained Metal
21632
Contained Unit
oz
Cutoff Grade
0.9
Cutoff Unit
g/t

Prior Estimate

Resource Date
2021-11-19

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2021-11-19T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for Old Prospect, forming the basis for the current pit optimisation study.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2021)

Evidence · table

“2.15”

Context: 312,395

Tags used in scoring

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 4.9 years before this release

measuredMt Mulcahy · copperTonnes: 193000Grade: 3Grade Unit: %Contained Metal: 5800Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:084dc079b8400fb6b436
Deposit or zone
South Limb Pod

Resource Data

Category
measured
Tonnes
193000
Grade
3
Grade Unit
%
Contained Metal
5800
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Measured Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Measured Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“3.0”

Context: 193,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

measuredMt Mulcahy · zincTonnes: 193000Grade: 4400Grade Unit: tContained Metal: 4400Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:084dc079b8400fb6b436
Deposit or zone
South Limb Pod

Resource Data

Category
measured
Tonnes
193000
Grade
4400
Grade Unit
t
Contained Metal
4400
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Measured Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Measured Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“4,400”

Context: 193,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

measuredMt Mulcahy · cobaltTonnes: 193000Grade: 0.1Grade Unit: %Contained Metal: 220Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
cobalt
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:084dc079b8400fb6b436
Deposit or zone
South Limb Pod

Resource Data

Category
measured
Tonnes
193000
Grade
0.1
Grade Unit
%
Contained Metal
220
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Measured Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Measured Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“0.1”

Context: 193,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

measuredMt Mulcahy · silverTonnes: 193000Grade: 25Grade Unit: g/tContained Metal: 157000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:084dc079b8400fb6b436
Deposit or zone
South Limb Pod

Resource Data

Category
measured
Tonnes
193000
Grade
25
Grade Unit
g/t
Contained Metal
157000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Measured Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Measured Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“25”

Context: 193,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

measuredMt Mulcahy · goldTonnes: 193000Grade: 0.3Grade Unit: g/tContained Metal: 2000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:084dc079b8400fb6b436
Deposit or zone
South Limb Pod

Resource Data

Category
measured
Tonnes
193000
Grade
0.3
Grade Unit
g/t
Contained Metal
2000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Measured Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Measured Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“0.3”

Context: 193,000

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

indicatedMt Mulcahy · copperTonnes: 372000Grade: 2.2Grade Unit: %Contained Metal: 8200Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:d0c4c4fadc2523869317
Deposit or zone
South Limb Pod

Resource Data

Category
indicated
Tonnes
372000
Grade
2.2
Grade Unit
%
Contained Metal
8200
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Indicated Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“2.2”

Context: 372,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

indicatedMt Mulcahy · zincTonnes: 372000Grade: 6300Grade Unit: tContained Metal: 6300Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:d0c4c4fadc2523869317
Deposit or zone
South Limb Pod

Resource Data

Category
indicated
Tonnes
372000
Grade
6300
Grade Unit
t
Contained Metal
6300
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Indicated Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“6,300”

Context: 372,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

indicatedMt Mulcahy · cobaltTonnes: 372000Grade: 0.1Grade Unit: %Contained Metal: 330Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
cobalt
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:d0c4c4fadc2523869317
Deposit or zone
South Limb Pod

Resource Data

Category
indicated
Tonnes
372000
Grade
0.1
Grade Unit
%
Contained Metal
330
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Indicated Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“0.1”

Context: 372,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

indicatedMt Mulcahy · silverTonnes: 372000Grade: 19Grade Unit: g/tContained Metal: 223000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:d0c4c4fadc2523869317
Deposit or zone
South Limb Pod

Resource Data

Category
indicated
Tonnes
372000
Grade
19
Grade Unit
g/t
Contained Metal
223000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Indicated Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“19”

Context: 372,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

indicatedMt Mulcahy · goldTonnes: 372000Grade: 0.2Grade Unit: g/tContained Metal: 2000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:d0c4c4fadc2523869317
Deposit or zone
South Limb Pod

Resource Data

Category
indicated
Tonnes
372000
Grade
0.2
Grade Unit
g/t
Contained Metal
2000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Indicated Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed
  • Indicated Resource category

Negative factors

  • Historical estimate (2014)

Evidence · table

“0.2”

Context: 372,000

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · copperTonnes: 82000Grade: 1.5Grade Unit: %Contained Metal: 1200Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:f5b2f8788f84669ba71c
Deposit or zone
South Limb Pod

Resource Data

Category
inferred
Tonnes
82000
Grade
1.5
Grade Unit
%
Contained Metal
1200
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“1.5”

Context: 82,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · zincTonnes: 82000Grade: 1100Grade Unit: tContained Metal: 1100Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:f5b2f8788f84669ba71c
Deposit or zone
South Limb Pod

Resource Data

Category
inferred
Tonnes
82000
Grade
1100
Grade Unit
t
Contained Metal
1100
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“1,100”

Context: 82,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · cobaltTonnes: 82000Grade: 0.1Grade Unit: %Contained Metal: 60Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
cobalt
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:f5b2f8788f84669ba71c
Deposit or zone
South Limb Pod

Resource Data

Category
inferred
Tonnes
82000
Grade
0.1
Grade Unit
%
Contained Metal
60
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“0.1”

Context: 82,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · silverTonnes: 82000Grade: 13Grade Unit: g/tContained Metal: 35000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:f5b2f8788f84669ba71c
Deposit or zone
South Limb Pod

Resource Data

Category
inferred
Tonnes
82000
Grade
13
Grade Unit
g/t
Contained Metal
35000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“13”

Context: 82,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · goldTonnes: 82000Grade: 0.2Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:f5b2f8788f84669ba71c
Deposit or zone
South Limb Pod

Resource Data

Category
inferred
Tonnes
82000
Grade
0.2
Grade Unit
g/t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“0.2”

Context: 82,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

South Limb PodMt Mulcahy Project · copperTonnes: 647000Grade: 2.4Grade Unit: %Contained Metal: 15200Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy Project
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:2fb8b72df3223e862dc7
Deposit or zone
South Limb Pod

Resource Data

Tonnes
647000
Grade
2.4
Grade Unit
%
Contained Metal
15200
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)

Evidence · table

“2.4”

Context: 647,000

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

South Limb PodMt Mulcahy Project · zincTonnes: 647000Grade: 1.8Grade Unit: %Contained Metal: 11800Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy Project
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:2fb8b72df3223e862dc7
Deposit or zone
South Limb Pod

Resource Data

Tonnes
647000
Grade
1.8
Grade Unit
%
Contained Metal
11800
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)

Evidence · table

“1.8”

Context: 647,000

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

South Limb PodMt Mulcahy Project · cobaltTonnes: 647000Grade: 0.1Grade Unit: %Contained Metal: 610Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy Project
Commodity
cobalt
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:2fb8b72df3223e862dc7
Deposit or zone
South Limb Pod

Resource Data

Tonnes
647000
Grade
0.1
Grade Unit
%
Contained Metal
610
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)

Evidence · table

“0.1”

Context: 647,000

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

South Limb PodMt Mulcahy Project · silverTonnes: 647000Grade: 20Grade Unit: g/tContained Metal: 415000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy Project
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:2fb8b72df3223e862dc7
Deposit or zone
South Limb Pod

Resource Data

Tonnes
647000
Grade
20
Grade Unit
g/t
Contained Metal
415000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)

Evidence · table

“20”

Context: 647,000

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

South Limb PodMt Mulcahy Project · goldTonnes: 647000Grade: 0.2Grade Unit: g/tContained Metal: 4000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy Project
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:2fb8b72df3223e862dc7
Deposit or zone
South Limb Pod

Resource Data

Tonnes
647000
Grade
0.2
Grade Unit
g/t
Contained Metal
4000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is the total historical Mineral Resource for the Mt Mulcahy Project, provided as background information.

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)

Evidence · table

“0.2”

Context: 647,000

Tags used in scoring

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · copperTonnes: 647000Grade: 2.4Grade Unit: %Contained Metal: 15200Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
copper
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:57fb02372ff2772b618b

Resource Data

Category
inferred
Tonnes
647000
Grade
2.4
Grade Unit
%
Contained Metal
15200
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“2.4”

Context: 647,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · zincTonnes: 647000Grade: 11800Grade Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
zinc
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:57fb02372ff2772b618b

Resource Data

Category
inferred
Tonnes
647000
Grade
11800
Grade Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“11,800”

Context: 647,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · cobaltTonnes: 647000Grade: 0.1Grade Unit: %Contained Metal: 610Contained Unit: tHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
cobalt
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:57fb02372ff2772b618b

Resource Data

Category
inferred
Tonnes
647000
Grade
0.1
Grade Unit
%
Contained Metal
610
Contained Unit
t

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“0.1”

Context: 647,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · silverTonnes: 647000Grade: 20Grade Unit: g/tContained Metal: 415000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
silver
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:57fb02372ff2772b618b

Resource Data

Category
inferred
Tonnes
647000
Grade
20
Grade Unit
g/t
Contained Metal
415000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“20”

Context: 647,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

inferredMt Mulcahy · goldTonnes: 647000Grade: 0.2Grade Unit: g/tContained Metal: 4000Contained Unit: ozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Mt Mulcahy
Commodity
gold
Region
australia_wa
Reported Region
Western Australia
Ticker
SCN

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Michael Fotios, Rob Spiers
Resource group id
resource:57fb02372ff2772b618b

Resource Data

Category
inferred
Tonnes
647000
Grade
0.2
Grade Unit
g/t
Contained Metal
4000
Contained Unit
oz

Prior Estimate

Resource Date
2014-09-25

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2014-09-25T00:00:00.000Z

Dates

Event date
2026-10-20T00:00:00.000Z

Reasoning: This is a historical Inferred Mineral Resource for the Mt Mulcahy Project, provided as background information. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • JORC 2012 compliant
  • QP signed

Negative factors

  • Historical estimate (2014)
  • Inferred Resource category

Evidence · table

“0.2”

Context: 647,000

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

Stale Estimatenegative

Effective date is >2 years old — data currency concern, may not reflect current geological understanding.

Why it applies: effective date is 12.1 years before this release

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.