SHN: Full Year Statutory Accounts

Original announcement by asx on

Company
SUNSHINE METALS LIMITED
Ticker
SHN
Exchange
ASX
Region
Queensland, Australia
Primary commodity
Gold
Secondary commodities
Copper, Zinc, Silver, Lead
Document categories
Drill results, Capital raise, Other
Extracted
2026-09-24 08:14:18 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Sunshine Metals Limited reported a net loss for the year ended June 30, 2026, but substantially increased its cash reserves through successful capital raises. The company acquired the Mt Moss processing facility, with refurbishment progressing towards mid-2027 gold production, and continued to advance its Ravenswood and Sybil projects with positive drill results and resource updates. Despite a going concern note, the company is actively pursuing funding for its development plans.

Reasoning: Despite a net loss and auditor's going concern note, the company secured substantial funding, acquired a key processing facility, and reported strong drill results and resource updates, positioning itself for future gold production.

Positive factors

  • Successful capital raises significantly increased cash reserves
  • Acquisition of Mt Moss processing facility progresses towards gold production
  • Strong high-grade gold and silver drill intercepts at Liontown and Sybil
  • Updated Liontown Mineral Resource Estimate and positive mining study results
  • QA/QC procedures and Competent Person sign-off disclosed for exploration results

Negative factors

  • Company reported a net loss for the financial year
  • Auditor's note on material uncertainty related to going concern
  • Significant deferred payment for Mt Moss acquisition creates future liability

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

Facts used in scoring: 66

Classification and evidence

Acquisitionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The document details the acquisition of the Mt Moss Project, including its processing facility and mining leases.

Evidence · text

“In April 2026, Sunshine announced plans to acquire 100% of the Mt Moss Operation”

Capital Raisepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The document reports multiple capital raising activities, including placements and a share purchase plan, totaling over $30 million.

Evidence · text

“On 1 September 2025, Sunshine announced that it had firm commitments received for $5.0 million (before costs)”

Placementpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company completed two tranches of a placement as part of its capital raising efforts.

Evidence · text

“The Placement was completed in two tranches”

Share Purchase Planpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The company conducted a Share Purchase Plan which was oversubscribed, indicating strong retail investor support.

Evidence · text

“Sunshine’s Share Purchase Plan (SPP) closed in May, with total applications to the value of $7,695,000 received. Although the SPP was oversubscribed, Sunshine has elected to not scale back this participation.”

Divestmentneutral · Story-specific tag

No canonical definition is currently available.

Why it applies: The company agreed to divest its Hodgkinson Project to focus on core assets.

Evidence · text

“In May 2026, Sunshine agreed to divest its Hodgkinson Project in Queensland to EQ Resources Limited for $250,000 in cash, subject to completion.”

Resource Updateneutral · Story-specific tag

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

Why it applies: The document mentions an updated Mineral Resource Estimate for the Liontown prospect.

Evidence · text

“Updated Mineral Resource After drilling 29 reverse circulation (RC) holes (1,834m) in May 2025 which targeted shallow Au mineralisation and tightened drill spacing to ~25m x 25m, Sunshine delivered an updated Mineral Resource Estimate for the Liontown prospect which increased the shallow, high-grade gold Resource.”

PEA-Supportingneutral · Story-specific tag

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

Why it applies: A Mining Study (similar to a PEA) was delivered for the Liontown project, demonstrating a robust economic case.

Evidence · text

“A Mining Study over the shallow gold at Liontown was delivered in February 2026. It extracts ~8% of the total Liontown Resource and will provide valuable long-term infrastructure for the potential extraction of the remaining copper, zinc, lead base metal Resource. The study demonstrates a robust economic case”

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: The Liontown Open Pit Grade Control Drilling program aimed to tighten drill spacing to 12.5m x 12.5m, which is characteristic of infill drilling.

Evidence · text

“Drilling achieved spacing of ~12.5m x 12.5m in areas amenable to open-pit mining.”

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: The Liontown Gold Panel drilling aimed to extend the Resource above and to the west of the Gold Panel.

Evidence · text

“Drilling aimed to upgrade the Resource in the uppermost two levels of underground development and extend the Resource above and to the west of the Gold Panel and beyond proposed development.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Several drill intercepts, such as 3m @ 52.12g/t Au and 4,252g/t Ag, and 1.1m @ 148.0g/t Au, exceed the bonanza grade thresholds for gold and silver.

Evidence · text

“30m @ 6.68g/t Au & 528g/t Ag from 17m (25LTRC070), including 3m @ 52.12g/t Au & 4,252g/t Ag from 17m”

QA/QC Disclosedpositive

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

Why it applies: The release explicitly states that QA/QC procedures were employed, including standards, blanks, and duplicates, with assays undertaken by Intertek and ALS laboratories.

Evidence · text

“Sunshine Metals employs field quality control (QC) procedures, including addition of standards, blanks and duplicates ahead of assaying which was undertaken using industry standard fire assay at Intertek and ALS laboratories in Townsville.”

QP/CP Signedpositive · Story-specific tag

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

Why it applies: Multiple Competent Persons (Mr Matt Price, Mr Lyon Barrett, Dr Damien Keys, Mr Stuart Hutchin) are named and consent to the inclusion of information in the report.

Evidence · text

“The information in this report that relates to Exploration Results is based on, and fairly represents, information compiled by Mr Matt Price, a Competent Person who is a Member of the Australian Institute of Geoscientists (AIG) and the Australian Institute of Mining and Metallurgy (AusIMM).”

Going Concern Notenegative · Story-specific tag

No canonical definition is currently available.

Why it applies: The auditor's report highlights a material uncertainty related to the Group’s ability to continue as a going concern.

Evidence · text

“We draw attention to Note 1(a) in the financial report, which indicates that a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern.”

Cut-off Undisclosednegative

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

Why it applies: The drill results are reported without explicitly stating the cut-off grade used for compositing the intervals.

Evidence · text

“30m @ 6.68g/t Au & 528g/t Ag from 17m (25LTRC070)”

Extracted facts

Stored fact records: 62. Some facts used in scoring do not have a stored record.

Drill Results (62)

25LTRC070Liontown East · goldGrade: 6.68Grade Unit: g/tIntercept: 30 mView all details
Link to this fact

Identity

Hole ID
25LTRC070
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
6.68
Grade Unit
g/t
Intercept
30 m
From
17 m
To
47 m
Intercept Depth
17 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC070:17-47
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade and wide gold intercept from shallow depth is a strong result, confirming the continuity of mineralization and supporting open-pit mining potential.

Positive factors

  • High-grade gold intercept (6.68 g/t Au)
  • Significant intercept length (30m)
  • Confirms continuity of shallow gold mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“30m @ 6.68g/t Au & 528g/t Ag from 17m (25LTRC070)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC070Liontown East · silverGrade: 528Grade Unit: g/tIntercept: 30 mView all details
Link to this fact

Identity

Hole ID
25LTRC070
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
528
Grade Unit
g/t
Intercept
30 m
From
17 m
To
47 m
Intercept Depth
17 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC070:17-47
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade and wide silver intercept from shallow depth is a strong result, confirming the significant silver potential of the Liontown system.

Positive factors

  • High-grade silver intercept (528 g/t Ag)
  • Significant intercept length (30m)
  • Confirms significant silver potential of the system

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“30m @ 6.68g/t Au & 528g/t Ag from 17m (25LTRC070)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC070Liontown East · goldGrade: 52.12Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
25LTRC070
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
52.12
Grade Unit
g/t
Intercept
3 m
From
17 m
To
20 m
Intercept Depth
17 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC070:17-20
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (52.12 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 52.12g/t Au & 4,252g/t Ag from 17m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC070Liontown East · silverGrade: 4252Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
25LTRC070
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
4252
Grade Unit
g/t
Intercept
3 m
From
17 m
To
20 m
Intercept Depth
17 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC070:17-20
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade silver sub-interval further underscores the exceptional silver potential of the Liontown system, adding significant value.

Positive factors

  • Bonanza-grade silver sub-interval (4,252 g/t Ag)
  • Confirms presence of very high-grade silver zones

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 52.12g/t Au & 4,252g/t Ag from 17m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC052Liontown East · goldGrade: 7.31Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
25LTRC052
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
7.31
Grade Unit
g/t
Intercept
8 m
From
10 m
To
18 m
Intercept Depth
10 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC052:10-18
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept from shallow depth is a strong result, confirming the continuity of mineralization and supporting open-pit mining potential.

Positive factors

  • High-grade gold intercept (7.31 g/t Au)
  • Confirms continuity of shallow gold mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“8m @ 7.31g/t Au & 1,321g/t Ag from 10m (25LTRC052)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC052Liontown East · silverGrade: 1321Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
25LTRC052
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
1321
Grade Unit
g/t
Intercept
8 m
From
10 m
To
18 m
Intercept Depth
10 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC052:10-18
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade silver intercept from shallow depth is a strong result, confirming the significant silver potential of the Liontown system.

Positive factors

  • Bonanza-grade silver intercept (1,321 g/t Ag)
  • Confirms significant silver potential of the system

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“8m @ 7.31g/t Au & 1,321g/t Ag from 10m (25LTRC052)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC052Liontown East · goldGrade: 6.78Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
25LTRC052
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
6.78
Grade Unit
g/t
Intercept
3 m
From
13 m
To
16 m
Intercept Depth
10 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC052:13-16
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold sub-interval highlights strong mineralization within the Liontown system, enhancing the overall prospectivity.

Positive factors

  • High-grade gold sub-interval (6.78 g/t Au)
  • Confirms presence of high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 6.78g/t Au & 2,410g/t Ag from 13m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC052Liontown East · silverGrade: 2410Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
25LTRC052
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
2410
Grade Unit
g/t
Intercept
3 m
From
13 m
To
16 m
Intercept Depth
10 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC052:13-16
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade silver sub-interval further underscores the exceptional silver potential of the Liontown system, adding significant value.

Positive factors

  • Bonanza-grade silver sub-interval (2,410 g/t Ag)
  • Confirms presence of very high-grade silver zones

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 6.78g/t Au & 2,410g/t Ag from 13m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC071Liontown East · goldGrade: 7.08Grade Unit: g/tIntercept: 24 mView all details
Link to this fact

Identity

Hole ID
25LTRC071
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
7.08
Grade Unit
g/t
Intercept
24 m
From
14 m
To
38 m
Intercept Depth
14 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC071:14-38
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade and wide gold intercept from shallow depth is a strong result, confirming the continuity of mineralization and supporting open-pit mining potential.

Positive factors

  • High-grade gold intercept (7.08 g/t Au)
  • Significant intercept length (24m)
  • Confirms continuity of shallow gold mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“24m @ 7.08g/t Au & 305g/t Ag from 14m (25LTRC071)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC071Liontown East · silverGrade: 305Grade Unit: g/tIntercept: 24 mView all details
Link to this fact

Identity

Hole ID
25LTRC071
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
305
Grade Unit
g/t
Intercept
24 m
From
14 m
To
38 m
Intercept Depth
14 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC071:14-38
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong silver intercept from shallow depth is a good result, confirming the significant silver potential of the Liontown system.

Positive factors

  • Strong silver intercept (305 g/t Ag)
  • Significant intercept length (24m)
  • Confirms significant silver potential of the system

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“24m @ 7.08g/t Au & 305g/t Ag from 14m (25LTRC071)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC071Liontown East · goldGrade: 44.18Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
25LTRC071
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
44.18
Grade Unit
g/t
Intercept
3 m
From
14 m
To
17 m
Intercept Depth
14 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC071:14-17
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (44.18 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 44.18g/t Au & 1,946g/t Ag from 14m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC071Liontown East · silverGrade: 1946Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
25LTRC071
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
1946
Grade Unit
g/t
Intercept
3 m
From
14 m
To
17 m
Intercept Depth
14 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC071:14-17
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade silver sub-interval further underscores the exceptional silver potential of the Liontown system, adding significant value.

Positive factors

  • Bonanza-grade silver sub-interval (1,946 g/t Ag)
  • Confirms presence of very high-grade silver zones

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 44.18g/t Au & 1,946g/t Ag from 14m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC069Liontown East · goldGrade: 5.62Grade Unit: g/tIntercept: 20 mView all details
Link to this fact

Identity

Hole ID
25LTRC069
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
5.62
Grade Unit
g/t
Intercept
20 m
From
8 m
To
28 m
Intercept Depth
8 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC069:8-28
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade and wide gold intercept from shallow depth is a strong result, confirming the continuity of mineralization and supporting open-pit mining potential.

Positive factors

  • High-grade gold intercept (5.62 g/t Au)
  • Significant intercept length (20m)
  • Confirms continuity of shallow gold mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“20m @ 5.62g/t Au & 310g/t Ag from 8m (25LTRC069)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC069Liontown East · silverGrade: 310Grade Unit: g/tIntercept: 20 mView all details
Link to this fact

Identity

Hole ID
25LTRC069
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
310
Grade Unit
g/t
Intercept
20 m
From
8 m
To
28 m
Intercept Depth
8 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC069:8-28
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong silver intercept from shallow depth is a good result, confirming the significant silver potential of the Liontown system.

Positive factors

  • Strong silver intercept (310 g/t Ag)
  • Significant intercept length (20m)
  • Confirms significant silver potential of the system

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“20m @ 5.62g/t Au & 310g/t Ag from 8m (25LTRC069)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC069Liontown East · goldGrade: 14.79Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
25LTRC069
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
14.79
Grade Unit
g/t
Intercept
5 m
From
8 m
To
13 m
Intercept Depth
8 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC069:8-13
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (14.79 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 5m @ 14.79g/t Au & 1,164g/t Ag”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC069Liontown East · silverGrade: 1164Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
25LTRC069
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
1164
Grade Unit
g/t
Intercept
5 m
From
8 m
To
13 m
Intercept Depth
8 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC069:8-13
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade silver sub-interval further underscores the exceptional silver potential of the Liontown system, adding significant value.

Positive factors

  • Bonanza-grade silver sub-interval (1,164 g/t Ag)
  • Confirms presence of very high-grade silver zones

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 5m @ 14.79g/t Au & 1,164g/t Ag”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC062Liontown East · goldGrade: 6.91Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
25LTRC062
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
6.91
Grade Unit
g/t
Intercept
5 m
From
21 m
To
26 m
Intercept Depth
21 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC062:21-26
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept from shallow depth is a strong result, confirming the continuity of mineralization.

Positive factors

  • High-grade gold intercept (6.91 g/t Au)
  • Confirms continuity of shallow gold mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“5m @ 6.91g/t Au & 168g/t Ag from 21m (25LTRC062)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC062Liontown East · silverGrade: 168Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
25LTRC062
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
168
Grade Unit
g/t
Intercept
5 m
From
21 m
To
26 m
Intercept Depth
21 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC062:21-26
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This moderate silver intercept from shallow depth confirms the presence of silver mineralization.

Positive factors

  • Moderate silver intercept (168 g/t Ag)
  • Confirms presence of silver mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“5m @ 6.91g/t Au & 168g/t Ag from 21m (25LTRC062)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC062Liontown East · goldGrade: 3.45Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
25LTRC062
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
3.45
Grade Unit
g/t
Intercept
14 m
From
33 m
To
47 m
Intercept Depth
21 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC062:33-47
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong gold intercept at a moderate depth confirms the continuity of mineralization, supporting the project's potential.

Positive factors

  • Strong gold intercept (3.45 g/t Au)
  • Good intercept length (14m)
  • Confirms continuity of gold mineralization at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“14m @ 3.45g/t Au & 592g/t Ag from 33m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

25LTRC062Liontown East · silverGrade: 592Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
25LTRC062
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
592
Grade Unit
g/t
Intercept
14 m
From
33 m
To
47 m
Intercept Depth
21 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
25LTRC062:33-47
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade silver intercept at a moderate depth confirms significant silver potential, adding value to the project.

Positive factors

  • Bonanza-grade silver intercept (592 g/t Ag)
  • Good intercept length (14m)
  • Confirms significant silver potential at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“14m @ 3.45g/t Au & 592g/t Ag from 33m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC002Liontown East · goldGrade: 5.87Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
26LTRC002
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
5.87
Grade Unit
g/t
Intercept
7 m
From
0 m
To
7 m
Intercept Depth
0 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC002:0-7
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept starting from surface is a strong result, indicating potential for shallow, open-pit extractable mineralization.

Positive factors

  • High-grade gold intercept (5.87 g/t Au)
  • Starts from surface, indicating potential for open-pit mining

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“7m @ 5.87g/t Au from surface (26LTRC002)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC002Liontown East · goldGrade: 30.1Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
26LTRC002
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
30.1
Grade Unit
g/t
Intercept
1 m
From
6 m
To
7 m
Intercept Depth
0 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC002:6-7
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (30.10 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 1m @ 30.10g/t Au from 6m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC017Liontown East · goldGrade: 25.01Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
26LTRC017
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
25.01
Grade Unit
g/t
Intercept
3 m
From
14 m
To
17 m
Intercept Depth
14 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC017:14-17
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold intercept from shallow depth highlights exceptional mineralization, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold intercept (25.01 g/t Au)
  • Confirms presence of very high-grade zones at shallow depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“3m @ 25.01g/t Au from 14m (26LTRC017)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC017Liontown East · goldGrade: 68.8Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
26LTRC017
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
68.8
Grade Unit
g/t
Intercept
1 m
From
15 m
To
16 m
Intercept Depth
14 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC017:15-16
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (68.80 g/t Au)
  • Confirms presence of extremely high-grade zones

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 1m @ 68.80g/t Au from 15m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC019Liontown East · goldGrade: 4.15Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
26LTRC019
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
4.15
Grade Unit
g/t
Intercept
7 m
From
61 m
To
68 m
Intercept Depth
61 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC019:61-68
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong gold intercept at a moderate depth confirms the continuity of mineralization, supporting the project's potential.

Positive factors

  • Strong gold intercept (4.15 g/t Au)
  • Confirms continuity of gold mineralization at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“7m @ 4.15g/t Au & 19g/t Ag from 61m (26LTRC019)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC019Liontown East · silverGrade: 19Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
26LTRC019
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
19
Grade Unit
g/t
Intercept
7 m
From
61 m
To
68 m
Intercept Depth
61 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC019:61-68
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This low-grade silver intercept confirms the presence of silver mineralization, but is not a significant highlight.

Positive factors

  • Presence of silver mineralization

Negative factors

  • Low-grade silver intercept (19 g/t Ag)
  • Apparent width only, true width not stated

Evidence · text

“7m @ 4.15g/t Au & 19g/t Ag from 61m (26LTRC019)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC019Liontown East · goldGrade: 11.9Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
26LTRC019
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
11.9
Grade Unit
g/t
Intercept
2 m
From
61 m
To
63 m
Intercept Depth
61 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC019:61-63
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system at depth, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (11.90 g/t Au)
  • Confirms presence of very high-grade zones at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 2m @ 11.90g/t Au & 48g/t Ag from 61m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC019Liontown East · silverGrade: 48Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
26LTRC019
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
48
Grade Unit
g/t
Intercept
2 m
From
61 m
To
63 m
Intercept Depth
61 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC019:61-63
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This weak silver sub-interval confirms the presence of silver mineralization, but is not a significant highlight.

Positive factors

  • Presence of silver mineralization

Negative factors

  • Weak silver grade (48 g/t Ag)
  • Apparent width only, true width not stated

Evidence · text

“including 2m @ 11.90g/t Au & 48g/t Ag from 61m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC045Liontown East · goldGrade: 2.34Grade Unit: g/tIntercept: 19 mView all details
Link to this fact

Identity

Hole ID
26LTRC045
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
2.34
Grade Unit
g/t
Intercept
19 m
From
49 m
To
68 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC045:49-68
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong gold intercept at a moderate depth confirms the continuity of mineralization, supporting the project's potential.

Positive factors

  • Strong gold intercept (2.34 g/t Au)
  • Good intercept length (19m)
  • Confirms continuity of gold mineralization at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“19m @ 2.34g/t Au & 184g/t Ag from 49m (26LTRC045)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC045Liontown East · silverGrade: 184Grade Unit: g/tIntercept: 19 mView all details
Link to this fact

Identity

Hole ID
26LTRC045
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
184
Grade Unit
g/t
Intercept
19 m
From
49 m
To
68 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC045:49-68
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This moderate silver intercept confirms the presence of silver mineralization, contributing to the overall prospectivity.

Positive factors

  • Moderate silver intercept (184 g/t Ag)
  • Good intercept length (19m)
  • Confirms presence of silver mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“19m @ 2.34g/t Au & 184g/t Ag from 49m (26LTRC045)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC045Liontown East · goldGrade: 12.75Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
26LTRC045
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
12.75
Grade Unit
g/t
Intercept
1 m
From
60 m
To
61 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC045:60-61
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system at depth, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (12.75 g/t Au)
  • Confirms presence of very high-grade zones at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 1m @ 12.75g/t Au & 298g/t Ag from 60m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC045Liontown East · silverGrade: 298Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
26LTRC045
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
298
Grade Unit
g/t
Intercept
1 m
From
60 m
To
61 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC045:60-61
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong silver sub-interval confirms the presence of silver mineralization at depth, contributing to the overall prospectivity.

Positive factors

  • Strong silver sub-interval (298 g/t Ag)
  • Confirms presence of silver mineralization at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 1m @ 12.75g/t Au & 298g/t Ag from 60m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC051Liontown East · goldGrade: 3.06Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
26LTRC051
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
3.06
Grade Unit
g/t
Intercept
16 m
From
49 m
To
65 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC051:49-65
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong gold intercept at a moderate depth confirms the continuity of mineralization, supporting the project's potential.

Positive factors

  • Strong gold intercept (3.06 g/t Au)
  • Good intercept length (16m)
  • Confirms continuity of gold mineralization at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“16m @ 3.06g/t Au & 49g/t Ag from 49m (26LTRC051)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC051Liontown East · silverGrade: 49Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
26LTRC051
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
49
Grade Unit
g/t
Intercept
16 m
From
49 m
To
65 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC051:49-65
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This weak silver intercept confirms the presence of silver mineralization, but is not a significant highlight.

Positive factors

  • Presence of silver mineralization

Negative factors

  • Weak silver grade (49 g/t Ag)
  • Apparent width only, true width not stated

Evidence · text

“16m @ 3.06g/t Au & 49g/t Ag from 49m (26LTRC051)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC051Liontown East · goldGrade: 8.27Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
26LTRC051
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
8.27
Grade Unit
g/t
Intercept
3 m
From
62 m
To
65 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC051:62-65
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold sub-interval highlights strong mineralization within the Liontown system at depth, significantly enhancing the overall prospectivity.

Positive factors

  • High-grade gold sub-interval (8.27 g/t Au)
  • Confirms presence of high-grade zones at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 8.27g/t Au & 22g/t Ag from 62m.”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC051Liontown East · silverGrade: 22Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
26LTRC051
Project
Liontown East
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
22
Grade Unit
g/t
Intercept
3 m
From
62 m
To
65 m
Intercept Depth
49 m

Classification

Deposit Type
vms
Program
resource
Sample Type
drill
Group ID
26LTRC051:62-65
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This weak silver sub-interval confirms the presence of silver mineralization, but is not a significant highlight.

Positive factors

  • Presence of silver mineralization

Negative factors

  • Weak silver grade (22 g/t Ag)
  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 8.27g/t Au & 22g/t Ag from 62m.”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "resource"

26LTRC077Liontown East · goldGrade: 20.25Grade Unit: g/tIntercept: 22 mView all details
Link to this fact

Identity

Hole ID
26LTRC077
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
20.25
Grade Unit
g/t
Intercept
22 m
From
69 m
To
91 m
Intercept Depth
68 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC077:69-91
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade and wide gold intercept is an exceptional result, strongly supporting the resource upgrade and underground development plans.

Positive factors

  • Bonanza-grade gold intercept (20.25 g/t Au)
  • Significant intercept length (22m)
  • Supports resource upgrade and underground mine planning

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“22m @ 20.25g/t Au from 69m (26LTRC077)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC077Liontown East · goldGrade: 39.58Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
26LTRC077
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
39.58
Grade Unit
g/t
Intercept
8 m
From
68 m
To
76 m
Intercept Depth
68 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC077:68-76
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (39.58 g/t Au)
  • Confirms presence of extremely high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 8m @ 39.58g/t Au from 68m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC077Liontown East · goldGrade: 29.45Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
26LTRC077
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
29.45
Grade Unit
g/t
Intercept
4 m
From
81 m
To
85 m
Intercept Depth
68 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC077:81-85
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (29.45 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“and 4m @ 29.45g/t Au from 81m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC070Liontown East · goldGrade: 7.87Grade Unit: g/tIntercept: 12 mView all details
Link to this fact

Identity

Hole ID
26LTRC070
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
7.87
Grade Unit
g/t
Intercept
12 m
From
85 m
To
97 m
Intercept Depth
85 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC070:85-97
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept is a strong result, supporting the resource upgrade and underground development plans.

Positive factors

  • High-grade gold intercept (7.87 g/t Au)
  • Good intercept length (12m)
  • Supports resource upgrade and underground mine planning

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“12m @ 7.87g/t Au from 85m (26LTRC070)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC070Liontown East · goldGrade: 14.91Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
26LTRC070
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
14.91
Grade Unit
g/t
Intercept
6 m
From
86 m
To
92 m
Intercept Depth
85 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC070:86-92
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (14.91 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 6m @ 14.91g/t Au from 86m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC071Liontown East · goldGrade: 8.28Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
26LTRC071
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
8.28
Grade Unit
g/t
Intercept
10 m
From
46 m
To
56 m
Intercept Depth
46 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC071:46-56
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept is a strong result, supporting the resource upgrade and underground development plans.

Positive factors

  • High-grade gold intercept (8.28 g/t Au)
  • Good intercept length (10m)
  • Supports resource upgrade and underground mine planning

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“10m @ 8.28g/t Au from 46m (26LTRC071)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC079Liontown East · goldGrade: 3.76Grade Unit: g/tIntercept: 13 mView all details
Link to this fact

Identity

Hole ID
26LTRC079
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
3.76
Grade Unit
g/t
Intercept
13 m
From
30 m
To
43 m
Intercept Depth
30 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC079:30-43
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong gold intercept is a good result, supporting the resource upgrade and underground development plans.

Positive factors

  • Strong gold intercept (3.76 g/t Au)
  • Good intercept length (13m)
  • Supports resource upgrade and underground mine planning

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“13m @ 3.76g/t Au from 30m (26LTRC079)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC069Liontown East · goldGrade: 12.38Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
26LTRC069
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
12.38
Grade Unit
g/t
Intercept
14 m
From
79 m
To
93 m
Intercept Depth
79 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC069:79-93
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold intercept is an exceptional result, strongly supporting the resource upgrade and underground development plans.

Positive factors

  • Bonanza-grade gold intercept (12.38 g/t Au)
  • Good intercept length (14m)
  • Supports resource upgrade and underground mine planning

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“14m @ 12.38g/t Au from 79m (26LTRC069)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC069Liontown East · goldGrade: 24.44Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
26LTRC069
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
24.44
Grade Unit
g/t
Intercept
6 m
From
80 m
To
86 m
Intercept Depth
79 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC069:80-86
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (24.44 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 6m @ 24.44g/t Au from 80m”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC062Liontown East · goldGrade: 5.14Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
26LTRC062
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
5.14
Grade Unit
g/t
Intercept
8 m
From
72 m
To
80 m
Intercept Depth
72 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC062:72-80
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept is a strong result, supporting the resource upgrade and underground development plans.

Positive factors

  • High-grade gold intercept (5.14 g/t Au)
  • Supports resource upgrade and underground mine planning

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“8m @ 5.14g/t Au from 72m (26LTRC062)”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

26LTRC062Liontown East · goldGrade: 11.25Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
26LTRC062
Project
Liontown East
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
11.25
Grade Unit
g/t
Intercept
3 m
From
73 m
To
76 m
Intercept Depth
72 m

Classification

Deposit Type
vms
Program
mixed
Sample Type
drill
Group ID
26LTRC062:73-76
Mining Method
mixed

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Liontown system, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (11.25 g/t Au)
  • Confirms presence of very high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 3m @ 11.25g/t Au from 73m.”

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

Infill Drillingneutral

Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: drill_program_type is "mixed"

25PLRC006Plateau · goldGrade: 3.17Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
25PLRC006
Project
Plateau
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
3.17
Grade Unit
g/t
Intercept
8 m
From
61 m
To
69 m
Intercept Depth
61 m

Classification

Program
exploration
Sample Type
drill
Group ID
25PLRC006:61-69
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong gold intercept confirms mineralization at the Plateau project, indicating exploration potential.

Positive factors

  • Strong gold intercept (3.17 g/t Au)
  • Confirms mineralization at Plateau

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“8m @ 3.17g/t Au & 31g/t Ag from 61m (25PLRC006)”

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

25PLRC006Plateau · silverGrade: 31Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
25PLRC006
Project
Plateau
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
31
Grade Unit
g/t
Intercept
8 m
From
61 m
To
69 m
Intercept Depth
61 m

Classification

Program
exploration
Sample Type
drill
Group ID
25PLRC006:61-69
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This weak silver intercept confirms the presence of silver mineralization at Plateau, but is not a significant highlight.

Positive factors

  • Presence of silver mineralization

Negative factors

  • Weak silver grade (31 g/t Ag)
  • Apparent width only, true width not stated

Evidence · text

“8m @ 3.17g/t Au & 31g/t Ag from 61m (25PLRC006)”

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

25PLRC002Plateau · goldGrade: 1.4Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
25PLRC002
Project
Plateau
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
1.4
Grade Unit
g/t
Intercept
2 m
From
70 m
To
72 m
Intercept Depth
70 m

Classification

Program
exploration
Sample Type
drill
Group ID
25PLRC002:70-72
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This moderate gold intercept confirms mineralization at the Plateau project, but its narrow width limits its immediate significance.

Positive factors

  • Moderate gold intercept (1.40 g/t Au)
  • Confirms mineralization at Plateau

Negative factors

  • Narrow intercept length (2m)
  • Apparent width only, true width not stated

Evidence · text

“2m @ 1.40g/t Au & 16g/t Ag from 70m (25PLRC002).”

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

25PLRC002Plateau · silverGrade: 16Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
25PLRC002
Project
Plateau
Commodity
silver
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
16
Grade Unit
g/t
Intercept
2 m
From
70 m
To
72 m
Intercept Depth
70 m

Classification

Program
exploration
Sample Type
drill
Group ID
25PLRC002:70-72
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This weak silver intercept confirms the presence of silver mineralization at Plateau, but is not a significant highlight.

Positive factors

  • Presence of silver mineralization

Negative factors

  • Weak silver grade (16 g/t Ag)
  • Narrow intercept length (2m)
  • Apparent width only, true width not stated

Evidence · text

“2m @ 1.40g/t Au & 16g/t Ag from 70m (25PLRC002).”

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

25FCDD003Sybil · goldGrade: 57.51Grade Unit: g/tIntercept: 4.4 mView all details
Link to this fact

Identity

Hole ID
25FCDD003
Project
Sybil
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
57.51
Grade Unit
g/t
Intercept
4.4 m
From
23.6 m
To
28 m
Intercept Depth
23.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
25FCDD003:23.6-28
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold intercept from shallow depth is an exceptional result, confirming high-grade epithermal mineralization at Sybil.

Positive factors

  • Bonanza-grade gold intercept (57.51 g/t Au)
  • Confirms high-grade epithermal gold mineralization at shallow depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“4.4m @ 57.51g/t Au from 23.6m (25FCDD003)”

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

25FCDD003Sybil · goldGrade: 148Grade Unit: g/tIntercept: 1.1 mView all details
Link to this fact

Identity

Hole ID
25FCDD003
Project
Sybil
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
148
Grade Unit
g/t
Intercept
1.1 m
From
23.6 m
To
24.7 m
Intercept Depth
23.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
25FCDD003:23.6-24.7
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold sub-interval highlights exceptional mineralization within the Sybil project, significantly enhancing the overall prospectivity.

Positive factors

  • Bonanza-grade gold sub-interval (148.0 g/t Au)
  • Confirms presence of extremely high-grade zones within the broader intercept

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“including 1.1m @ 148.0g/t Au from 23.6m”

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

25FCDD0012Sybil · goldGrade: 17.23Grade Unit: g/tIntercept: 4.5 mView all details
Link to this fact

Identity

Hole ID
25FCDD0012
Project
Sybil
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
17.23
Grade Unit
g/t
Intercept
4.5 m
From
82.5 m
To
87 m
Intercept Depth
82.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
25FCDD0012:82.5-87
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold intercept confirms high-grade epithermal mineralization at Sybil, indicating strong exploration potential.

Positive factors

  • Bonanza-grade gold intercept (17.23 g/t Au)
  • Confirms high-grade epithermal gold mineralization at moderate depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“4.5m @ 17.23g/t Au from 82.5m (25FCDD0012)”

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

25FCDD007Sybil · goldGrade: 9.01Grade Unit: g/tIntercept: 5.2 mView all details
Link to this fact

Identity

Hole ID
25FCDD007
Project
Sybil
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
9.01
Grade Unit
g/t
Intercept
5.2 m
From
52 m
To
57.2 m
Intercept Depth
52 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
25FCDD007:52-57.2
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept confirms strong epithermal mineralization at Sybil, indicating good exploration potential.

Positive factors

  • High-grade gold intercept (9.01 g/t Au)
  • Confirms strong epithermal gold mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“5.2m @ 9.01g/t Au from 52.0m (25FCDD007)”

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

25FCDD002Sybil · goldGrade: 6.12Grade Unit: g/tIntercept: 3.8 mView all details
Link to this fact

Identity

Hole ID
25FCDD002
Project
Sybil
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
6.12
Grade Unit
g/t
Intercept
3.8 m
From
22.6 m
To
26.4 m
Intercept Depth
22.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
25FCDD002:22.6-26.4
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This high-grade gold intercept confirms strong epithermal mineralization at Sybil, indicating good exploration potential.

Positive factors

  • High-grade gold intercept (6.12 g/t Au)
  • Confirms strong epithermal gold mineralization at shallow depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“3.8m @ 6.12g/t Au from 22.6m (25FCDD002)”

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

25FCDD010Sybil · goldGrade: 15.15Grade Unit: g/tIntercept: 2.8 mView all details
Link to this fact

Identity

Hole ID
25FCDD010
Project
Sybil
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
15.15
Grade Unit
g/t
Intercept
2.8 m
From
37 m
To
39.8 m
Intercept Depth
37 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
25FCDD010:37-39.8
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This bonanza-grade gold intercept confirms high-grade epithermal mineralization at Sybil, indicating strong exploration potential.

Positive factors

  • Bonanza-grade gold intercept (15.15 g/t Au)
  • Confirms high-grade epithermal gold mineralization

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“2.8m @ 15.15g/t Au from 37.0m (25FCDD010)”

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

25FCDD008ASybil · goldGrade: 3.93Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
25FCDD008A
Project
Sybil
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
3.93
Grade Unit
g/t
Intercept
7 m
From
65 m
To
72 m
Intercept Depth
65 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
25FCDD008A:65-72
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This strong gold intercept confirms epithermal mineralization at Sybil, indicating good exploration potential at depth.

Positive factors

  • Strong gold intercept (3.93 g/t Au)
  • Confirms epithermal gold mineralization at depth

Negative factors

  • Apparent width only, true width not stated

Evidence · text

“7.0m @ 3.93g/t Au from 65.0m (25FCDD008A).”

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

MMRC0344Mt Moss · copperGrade: 4.41Grade Unit: %Intercept: 19.9 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MMRC0344
Project
Mt Moss
Commodity
copper
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
4.41
Grade Unit
%
Intercept
19.9 m
From
367.8 m
To
387.7 m
Intercept Depth
367.8 m

Classification

Program
exploration
Sample Type
drill
Group ID
MMRC0344:367.8-387.7
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

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

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This historical high-grade copper intercept indicates significant past potential at Mt Moss, which could be re-evaluated.

Positive factors

  • High-grade copper intercept (4.41% Cu)
  • Significant intercept length (19.9m)
  • Highlights historical copper potential at Mt Moss

Negative factors

  • Historical result, not new drilling
  • Apparent width only, true width not stated

Evidence · text

“19.9m @ 4.41% Cu from 367.8m (MMRC0344)”

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

MMRC0326Mt Moss · copperGrade: 3.78Grade Unit: %Intercept: 13 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
MMRC0326
Project
Mt Moss
Commodity
copper
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
3.78
Grade Unit
%
Intercept
13 m
From
282 m
To
295 m
Intercept Depth
282 m

Classification

Program
exploration
Sample Type
drill
Group ID
MMRC0326:282-295
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

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

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This historical high-grade copper intercept indicates significant past potential at Mt Moss, which could be re-evaluated.

Positive factors

  • High-grade copper intercept (3.78% Cu)
  • Highlights historical copper potential at Mt Moss

Negative factors

  • Historical result, not new drilling
  • Apparent width only, true width not stated

Evidence · text

“13.0m @ 3.78% Cu from 282.0m (MMRC0326).”

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

3675AMt Moss · zincGrade: 12.04Grade Unit: %Intercept: 30 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
3675A
Project
Mt Moss
Commodity
zinc
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
12.04
Grade Unit
%
Intercept
30 m
From
26 m
To
56 m
Intercept Depth
26 m

Classification

Program
exploration
Sample Type
drill
Group ID
3675A:26-56
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

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

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This historical strong zinc intercept indicates significant past potential at Mt Moss, which could be re-evaluated.

Positive factors

  • Strong zinc intercept (12.04% Zn)
  • Significant intercept length (30m)
  • Highlights historical zinc potential at Mt Moss

Negative factors

  • Historical result, not new drilling
  • Apparent width only, true width not stated

Evidence · text

“30.0m @ 12.04% Zn from 26.0m (3675A)”

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

RC017Mt Moss · zincGrade: 19.09Grade Unit: %Intercept: 12 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
RC017
Project
Mt Moss
Commodity
zinc
Region
australia_qld
Reported Region
australia_qld
Ticker
SHN

Geometry

Grade
19.09
Grade Unit
%
Intercept
12 m
From
78 m
To
90 m
Intercept Depth
78 m

Classification

Program
exploration
Sample Type
drill
Group ID
RC017:78-90
Mining Method
unknown

QA/QC

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

Metal Equivalent

Assumptions Disclosed
No

Review

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

Dates

Event date
2026-09-24T00:00:00.000Z

Reasoning: This historical bonanza-grade zinc intercept indicates exceptional past potential at Mt Moss, which could be re-evaluated.

Positive factors

  • Bonanza-grade zinc intercept (19.09% Zn)
  • Highlights historical zinc potential at Mt Moss

Negative factors

  • Historical result, not new drilling
  • Apparent width only, true width not stated

Evidence · text

“12.0m @ 19.09% Zn from 78.0m (RC017).”

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

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.