# SHN: Full Year Statutory Accounts Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03143552 Publisher: asx Original announcement: 2026-09-24T07:34:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-24T08:14:17.946Z Atlas analysis updated: 2026-09-24T08:14:17.946Z - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Successful capital raises significantly increased cash reserves - Positive factor: Acquisition of Mt Moss processing facility progresses towards gold production - Positive factor: Strong high-grade gold and silver drill intercepts at Liontown and Sybil - Positive factor: Updated Liontown Mineral Resource Estimate and positive mining study results - Positive factor: QA/QC procedures and Competent Person sign-off disclosed for exploration results - Negative factor: Company reported a net loss for the financial year - Negative factor: Auditor's note on material uncertainty related to going concern - Negative factor: 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 **Acquisition** Polarity: positive Story-specific tag Definition: 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 Raise** Polarity: positive Story-specific tag Definition: 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 \(before costs\) **Placement** Polarity: positive Story-specific tag Definition: 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 Plan** Polarity: positive Story-specific tag Definition: 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. **Divestment** Polarity: neutral Story-specific tag Definition: 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 Update** Polarity: neutral Story-specific tag Definition: 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-Supporting** Polarity: neutral Story-specific tag Definition: 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 Drilling** Polarity: neutral Definition: 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 Extension** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: 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 Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Note** Polarity: negative Story-specific tag Definition: 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 Undisclosed** Polarity: negative Definition: 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) ### 25LTRC070 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-4) Liontown East · gold #### 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 factor: High-grade gold intercept \(6.68 g/t Au\) - Positive factor: Significant intercept length \(30m\) - Positive factor: Confirms continuity of shallow gold mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC070 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-5) Liontown East · silver #### 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 factor: High-grade silver intercept \(528 g/t Ag\) - Positive factor: Significant intercept length \(30m\) - Positive factor: Confirms significant silver potential of the system - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC070 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-6) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(52.12 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC070 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-7) Liontown East · silver #### 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 factor: Bonanza-grade silver sub-interval \(4,252 g/t Ag\) - Positive factor: Confirms presence of very high-grade silver zones - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC052 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-8) Liontown East · gold #### 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 factor: High-grade gold intercept \(7.31 g/t Au\) - Positive factor: Confirms continuity of shallow gold mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC052 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-9) Liontown East · silver #### 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 factor: Bonanza-grade silver intercept \(1,321 g/t Ag\) - Positive factor: Confirms significant silver potential of the system - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC052 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-10) Liontown East · gold #### 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 factor: High-grade gold sub-interval \(6.78 g/t Au\) - Positive factor: Confirms presence of high-grade zones within the broader intercept - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC052 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-11) Liontown East · silver #### 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 factor: Bonanza-grade silver sub-interval \(2,410 g/t Ag\) - Positive factor: Confirms presence of very high-grade silver zones - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC071 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-12) Liontown East · gold #### 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 factor: High-grade gold intercept \(7.08 g/t Au\) - Positive factor: Significant intercept length \(24m\) - Positive factor: Confirms continuity of shallow gold mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC071 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-13) Liontown East · silver #### 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 factor: Strong silver intercept \(305 g/t Ag\) - Positive factor: Significant intercept length \(24m\) - Positive factor: Confirms significant silver potential of the system - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC071 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-14) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(44.18 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC071 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-15) Liontown East · silver #### 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 factor: Bonanza-grade silver sub-interval \(1,946 g/t Ag\) - Positive factor: Confirms presence of very high-grade silver zones - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC069 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-16) Liontown East · gold #### 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 factor: High-grade gold intercept \(5.62 g/t Au\) - Positive factor: Significant intercept length \(20m\) - Positive factor: Confirms continuity of shallow gold mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC069 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-17) Liontown East · silver #### 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 factor: Strong silver intercept \(310 g/t Ag\) - Positive factor: Significant intercept length \(20m\) - Positive factor: Confirms significant silver potential of the system - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC069 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-18) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(14.79 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC069 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-19) Liontown East · silver #### 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 factor: Bonanza-grade silver sub-interval \(1,164 g/t Ag\) - Positive factor: Confirms presence of very high-grade silver zones - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC062 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-20) Liontown East · gold #### 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 factor: High-grade gold intercept \(6.91 g/t Au\) - Positive factor: Confirms continuity of shallow gold mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC062 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-21) Liontown East · silver #### 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 factor: Moderate silver intercept \(168 g/t Ag\) - Positive factor: Confirms presence of silver mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC062 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-22) Liontown East · gold #### 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 factor: Strong gold intercept \(3.45 g/t Au\) - Positive factor: Good intercept length \(14m\) - Positive factor: Confirms continuity of gold mineralization at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 25LTRC062 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-23) Liontown East · silver #### 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 factor: Bonanza-grade silver intercept \(592 g/t Ag\) - Positive factor: Good intercept length \(14m\) - Positive factor: Confirms significant silver potential at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-24) Liontown East · gold #### 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 factor: High-grade gold intercept \(5.87 g/t Au\) - Positive factor: Starts from surface, indicating potential for open-pit mining - Negative factor: Apparent width only, true width not stated Evidence · text > 7m @ 5.87g/t Au from surface \(26LTRC002\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-25) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(30.10 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: Apparent width only, true width not stated Evidence · text > including 1m @ 30.10g/t Au from 6m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC017 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-26) Liontown East · gold #### 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 factor: Bonanza-grade gold intercept \(25.01 g/t Au\) - Positive factor: Confirms presence of very high-grade zones at shallow depth - Negative factor: Apparent width only, true width not stated Evidence · text > 3m @ 25.01g/t Au from 14m \(26LTRC017\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC017 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-27) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(68.80 g/t Au\) - Positive factor: Confirms presence of extremely high-grade zones - Negative factor: Apparent width only, true width not stated Evidence · text > including 1m @ 68.80g/t Au from 15m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC019 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-28) Liontown East · gold #### 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 factor: Strong gold intercept \(4.15 g/t Au\) - Positive factor: Confirms continuity of gold mineralization at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC019 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-29) Liontown East · silver #### 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 factor: Presence of silver mineralization - Negative factor: Low-grade silver intercept \(19 g/t Ag\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC019 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-30) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(11.90 g/t Au\) - Positive factor: Confirms presence of very high-grade zones at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC019 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-31) Liontown East · silver #### 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 factor: Presence of silver mineralization - Negative factor: Weak silver grade \(48 g/t Ag\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC045 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-32) Liontown East · gold #### 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 factor: Strong gold intercept \(2.34 g/t Au\) - Positive factor: Good intercept length \(19m\) - Positive factor: Confirms continuity of gold mineralization at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC045 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-33) Liontown East · silver #### 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 factor: Moderate silver intercept \(184 g/t Ag\) - Positive factor: Good intercept length \(19m\) - Positive factor: Confirms presence of silver mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC045 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-34) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(12.75 g/t Au\) - Positive factor: Confirms presence of very high-grade zones at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC045 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-35) Liontown East · silver #### 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 factor: Strong silver sub-interval \(298 g/t Ag\) - Positive factor: Confirms presence of silver mineralization at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-36) Liontown East · gold #### 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 factor: Strong gold intercept \(3.06 g/t Au\) - Positive factor: Good intercept length \(16m\) - Positive factor: Confirms continuity of gold mineralization at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-37) Liontown East · silver #### 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 factor: Presence of silver mineralization - Negative factor: Weak silver grade \(49 g/t Ag\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-38) Liontown East · gold #### 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 factor: High-grade gold sub-interval \(8.27 g/t Au\) - Positive factor: Confirms presence of high-grade zones at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-39) Liontown East · silver #### 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 factor: Presence of silver mineralization - Negative factor: Weak silver grade \(22 g/t Ag\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "resource" ### 26LTRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-40) Liontown East · gold #### 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 factor: Bonanza-grade gold intercept \(20.25 g/t Au\) - Positive factor: Significant intercept length \(22m\) - Positive factor: Supports resource upgrade and underground mine planning - Negative factor: Apparent width only, true width not stated Evidence · text > 22m @ 20.25g/t Au from 69m \(26LTRC077\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-41) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(39.58 g/t Au\) - Positive factor: Confirms presence of extremely high-grade zones within the broader intercept - Negative factor: Apparent width only, true width not stated Evidence · text > including 8m @ 39.58g/t Au from 68m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC077 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-42) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(29.45 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: Apparent width only, true width not stated Evidence · text > and 4m @ 29.45g/t Au from 81m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC070 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-43) Liontown East · gold #### 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 factor: High-grade gold intercept \(7.87 g/t Au\) - Positive factor: Good intercept length \(12m\) - Positive factor: Supports resource upgrade and underground mine planning - Negative factor: Apparent width only, true width not stated Evidence · text > 12m @ 7.87g/t Au from 85m \(26LTRC070\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC070 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-44) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(14.91 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: Apparent width only, true width not stated Evidence · text > including 6m @ 14.91g/t Au from 86m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC071 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-45) Liontown East · gold #### 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 factor: High-grade gold intercept \(8.28 g/t Au\) - Positive factor: Good intercept length \(10m\) - Positive factor: Supports resource upgrade and underground mine planning - Negative factor: Apparent width only, true width not stated Evidence · text > 10m @ 8.28g/t Au from 46m \(26LTRC071\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC079 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-46) Liontown East · gold #### 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 factor: Strong gold intercept \(3.76 g/t Au\) - Positive factor: Good intercept length \(13m\) - Positive factor: Supports resource upgrade and underground mine planning - Negative factor: Apparent width only, true width not stated Evidence · text > 13m @ 3.76g/t Au from 30m \(26LTRC079\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC069 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-47) Liontown East · gold #### 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 factor: Bonanza-grade gold intercept \(12.38 g/t Au\) - Positive factor: Good intercept length \(14m\) - Positive factor: Supports resource upgrade and underground mine planning - Negative factor: Apparent width only, true width not stated Evidence · text > 14m @ 12.38g/t Au from 79m \(26LTRC069\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC069 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-48) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(24.44 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: Apparent width only, true width not stated Evidence · text > including 6m @ 24.44g/t Au from 80m #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC062 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-49) Liontown East · gold #### 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 factor: High-grade gold intercept \(5.14 g/t Au\) - Positive factor: Supports resource upgrade and underground mine planning - Negative factor: Apparent width only, true width not stated Evidence · text > 8m @ 5.14g/t Au from 72m \(26LTRC062\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 26LTRC062 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-50) Liontown East · gold #### 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 factor: Bonanza-grade gold sub-interval \(11.25 g/t Au\) - Positive factor: Confirms presence of very high-grade zones within the broader intercept - Negative factor: Apparent width only, true width not stated Evidence · text > including 3m @ 11.25g/t Au from 73m. #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: drill\_program\_type is "mixed" ### 25PLRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-51) Plateau · gold #### 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 factor: Strong gold intercept \(3.17 g/t Au\) - Positive factor: Confirms mineralization at Plateau - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25PLRC006 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-52) Plateau · silver #### 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 factor: Presence of silver mineralization - Negative factor: Weak silver grade \(31 g/t Ag\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25PLRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-53) Plateau · gold #### 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 factor: Moderate gold intercept \(1.40 g/t Au\) - Positive factor: Confirms mineralization at Plateau - Negative factor: Narrow intercept length \(2m\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25PLRC002 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-54) Plateau · silver #### 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 factor: Presence of silver mineralization - Negative factor: Weak silver grade \(16 g/t Ag\) - Negative factor: Narrow intercept length \(2m\) - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25FCDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-55) Sybil · gold #### 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 factor: Bonanza-grade gold intercept \(57.51 g/t Au\) - Positive factor: Confirms high-grade epithermal gold mineralization at shallow depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25FCDD003 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-56) Sybil · gold #### 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 factor: Bonanza-grade gold sub-interval \(148.0 g/t Au\) - Positive factor: Confirms presence of extremely high-grade zones within the broader intercept - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25FCDD0012 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-57) Sybil · gold #### 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 factor: Bonanza-grade gold intercept \(17.23 g/t Au\) - Positive factor: Confirms high-grade epithermal gold mineralization at moderate depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25FCDD007 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-58) Sybil · gold #### 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 factor: High-grade gold intercept \(9.01 g/t Au\) - Positive factor: Confirms strong epithermal gold mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25FCDD002 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-59) Sybil · gold #### 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 factor: High-grade gold intercept \(6.12 g/t Au\) - Positive factor: Confirms strong epithermal gold mineralization at shallow depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25FCDD010 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-60) Sybil · gold #### 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 factor: Bonanza-grade gold intercept \(15.15 g/t Au\) - Positive factor: Confirms high-grade epithermal gold mineralization - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### 25FCDD008A [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-61) Sybil · gold #### 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 factor: Strong gold intercept \(3.93 g/t Au\) - Positive factor: Confirms epithermal gold mineralization at depth - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### MMRC0344 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-62) Mt Moss · copper Historical result Needs review: historical\_restatement #### 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 factor: High-grade copper intercept \(4.41% Cu\) - Positive factor: Significant intercept length \(19.9m\) - Positive factor: Highlights historical copper potential at Mt Moss - Negative factor: Historical result, not new drilling - Negative factor: Apparent width only, true width not stated Evidence · text > 19.9m @ 4.41% Cu from 367.8m \(MMRC0344\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### MMRC0326 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-63) Mt Moss · copper Historical result Needs review: historical\_restatement #### 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 factor: High-grade copper intercept \(3.78% Cu\) - Positive factor: Highlights historical copper potential at Mt Moss - Negative factor: Historical result, not new drilling - Negative factor: Apparent width only, true width not stated Evidence · text > 13.0m @ 3.78% Cu from 282.0m \(MMRC0326\). #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### 3675A [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-64) Mt Moss · zinc Historical result Needs review: historical\_restatement #### 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 factor: Strong zinc intercept \(12.04% Zn\) - Positive factor: Significant intercept length \(30m\) - Positive factor: Highlights historical zinc potential at Mt Moss - Negative factor: Historical result, not new drilling - Negative factor: Apparent width only, true width not stated Evidence · text > 30.0m @ 12.04% Zn from 26.0m \(3675A\) #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Why it applies: the fact restates a prior release ### RC017 [Link to this fact](https://atlas-staging.minestarters.com/news/shn-full-year-statutory-accounts--220429ef-a572-4e0f-b6fe-c87849b527bb#fact-drill-facts-65) Mt Moss · zinc Historical result Needs review: historical\_restatement #### 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 factor: Bonanza-grade zinc intercept \(19.09% Zn\) - Positive factor: Highlights historical zinc potential at Mt Moss - Negative factor: Historical result, not new drilling - Negative factor: Apparent width only, true width not stated Evidence · text > 12.0m @ 19.09% Zn from 78.0m \(RC017\). #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Data Re-release** Polarity: negative Definition: 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.