SQX: Annual Report to Shareholders

Original announcement by asx on

Company
SQX Resources Limited
Ticker
SQX
Exchange
ASX
Region
Unavailable
Primary commodity
Gold
Secondary commodities
Silver, Copper
Document categories
Drill results, Capital raise, Other
Extracted
2026-09-30 07:22:35 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

SQX Resources Limited's annual report for the year ended June 30, 2026, highlights a transformative year with the acquisition of 80% of AM6 Pty Ltd, securing the Red Bird Gold Project in Arizona and the Williams Gold-Silver Project in Montana, USA. The company reported bonanza-grade gold and silver assays from sampling and maiden RC drilling at Red Bird, confirming a shallow gold system with significant intercepts. Additionally, SQX completed a $2 million placement and a subsequent $2.47 million entitlement offer to fund its exploration activities and corporate growth.

Reasoning: SQX Resources Limited had a transformative year, acquiring new US-based gold and silver projects and reporting high-grade exploration results from both sampling and maiden drilling. The company also successfully raised capital to support its growth. However, the detailed exploration results are largely historical restatements, and the company recorded an operating loss.

Positive factors

  • Acquisition of new projects (Red Bird, Williams) in the USA, transforming the company's portfolio.
  • High-grade gold and silver assays reported from sampling and maiden drilling at Red Bird.
  • Maiden drilling at Red Bird confirmed a shallow gold system with significant intercepts.
  • Expansion of landholding at the Williams project, increasing exploration potential.
  • Successful completion of a $2 million placement and a subsequent $2.47 million entitlement offer to fund activities.

Negative factors

  • Most detailed exploration results presented are re-releases of historical data, limiting novelty.
  • The company reported an operating loss for the financial year.
  • Decrease in working capital from the prior year.

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

Facts used in scoring: 37

Classification and evidence

Stale Data Re-releasenegative

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

Why it applies: The document explicitly states that the exploration results are extracted from previous ASX Announcements, indicating they are not new assays or interpretations.

Evidence · text

“The information in this Annual Report that relates to Exploration Results, Exploration Targets and Exploration Data for SQX’s Projects was extracted from the following ASX Announcements:”

QA/QC Disclosedpositive

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

Why it applies: The report states that the information was issued in accordance with the 2012 Edition of the JORC Code and confirms that the Competent Person’s findings have not been materially modified.

Evidence · text

“The reports were issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements.”

Apparent Width Onlynegative

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

Why it applies: No true width or drill orientation information is provided for any of the reported drill intercepts, implying they are downhole lengths.

Evidence · text

“45.7m @ 1.3g/t Au from 4.6m (incl. 13.7m @ 2.2g/t Au) in RBRC013”

Bonanza Interceptpositive

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

Why it applies: Several channel samples and drill sub-intervals report gold grades significantly above the exceptional threshold for epithermal deposits (e.g., 38.5 g/t Au, 36.0 g/t Au, 75.1 g/t Au, 576 g/t Ag).

Evidence · text

“13.7m @ 16.0g/t Au (incl. 4.6m @ 38.5g/t Au)”

Extracted facts

Stored fact records: 37. Some facts used in scoring do not have a stored record.

Drill Results (37)

Fact 1Red Bird Gold Project · goldGrade: 16Grade Unit: g/tIntercept: 13.7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Red Bird Gold Project
Commodity
gold
Region
usa_az
Reported Region
Arizona, USA
Ticker
SQX

Geometry

Grade
16
Grade Unit
g/t
Intercept
13.7 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-24T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical channel sample shows a high-grade gold intercept over a good width, indicating strong mineralization in the epithermal system, though its novelty is low as it's a re-release.

Positive factors

  • High gold grade for an epithermal deposit.
  • Good intercept length for channel sampling.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“13.7m @ 16.0g/t Au (incl. 4.6m @ 38.5g/t Au)”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 2Red Bird Gold Project · goldGrade: 38.5Grade Unit: g/tIntercept: 4.6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Red Bird Gold Project
Commodity
gold
Region
usa_az
Reported Region
Arizona, USA
Ticker
SQX

Geometry

Grade
38.5
Grade Unit
g/t
Intercept
4.6 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-24T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows bonanza-grade gold over a significant width, highlighting very high-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“4.6m @ 38.5g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 3Red Bird Gold Project · goldGrade: 18.3Grade Unit: g/tIntercept: 6.7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Red Bird Gold Project
Commodity
gold
Region
usa_az
Reported Region
Arizona, USA
Ticker
SQX

Geometry

Grade
18.3
Grade Unit
g/t
Intercept
6.7 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-24T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical channel sample shows a high-grade gold intercept over a good width, indicating strong mineralization in the epithermal system, though its novelty is low as it's a re-release.

Positive factors

  • High gold grade for an epithermal deposit.
  • Good intercept length for channel sampling.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“6.7m @ 18.3g/t Au (incl. 3.0m @ 36.0g/t Au)”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 4Red Bird Gold Project · goldGrade: 36Grade Unit: g/tIntercept: 3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Red Bird Gold Project
Commodity
gold
Region
usa_az
Reported Region
Arizona, USA
Ticker
SQX

Geometry

Grade
36
Grade Unit
g/t
Intercept
3 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-24T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows bonanza-grade gold over a significant width, highlighting very high-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“3.0m @ 36.0g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 5Red Bird Gold Project · goldGrade: 1.3Grade Unit: g/tIntercept: 29.3 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Red Bird Gold Project
Commodity
gold
Region
usa_az
Reported Region
Arizona, USA
Ticker
SQX

Geometry

Grade
1.3
Grade Unit
g/t
Intercept
29.3 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-24T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical surface channel sample shows a moderate gold grade over a significant width, supporting near-surface mineralization potential, though its novelty is low.

Positive factors

  • Good intercept length for surface channel sampling.
  • Moderate gold grade for an epithermal deposit.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“29.3m @ 1.3g/t Au (incl. 8.2m @ 1.8g/t Au)”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 6Red Bird Gold Project · goldGrade: 1.8Grade Unit: g/tIntercept: 8.2 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Red Bird Gold Project
Commodity
gold
Region
usa_az
Reported Region
Arizona, USA
Ticker
SQX

Geometry

Grade
1.8
Grade Unit
g/t
Intercept
8.2 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
open_pit

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-03-24T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows a moderate gold grade over a good width, supporting near-surface mineralization potential, though its novelty is low.

Positive factors

  • Moderate gold grade for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“8.2m @ 1.8g/t Au”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

RBRC013Red Bird North · goldGrade: 1.3Grade Unit: g/tIntercept: 45.7 mView all details
Link to this fact

Identity

Hole ID
RBRC013
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
1.3
Grade Unit
g/t
Intercept
45.7 m
From
4.6 m
To
50.3 m
Intercept Depth
4.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC013:4.6-50.3
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a significant width of moderate-grade gold, supporting the potential for a shallow open-pit scenario in the epithermal system, though its novelty is low.

Positive factors

  • Significant intercept length for an epithermal gold system.
  • Moderate gold grade, consistent with open-pit potential.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“45.7m @ 1.3g/t Au from 4.6m (incl. 13.7m @ 2.2g/t Au) in RBRC013”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC013Red Bird North · goldGrade: 2.2Grade Unit: g/tIntercept: 13.7 mView all details
Link to this fact

Identity

Hole ID
RBRC013
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
2.2
Grade Unit
g/t
Intercept
13.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows a strong gold grade over a good width, indicating higher-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“13.7m @ 2.2g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC012Red Bird North · goldGrade: 1.4Grade Unit: g/tIntercept: 42.7 mView all details
Link to this fact

Identity

Hole ID
RBRC012
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
1.4
Grade Unit
g/t
Intercept
42.7 m
From
4.6 m
To
47.3 m
Intercept Depth
4.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC012:4.6-47.3
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a significant width of moderate-grade gold, supporting the potential for a shallow open-pit scenario in the epithermal system, though its novelty is low.

Positive factors

  • Significant intercept length for an epithermal gold system.
  • Moderate gold grade, consistent with open-pit potential.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“42.7m @ 1.4g/t Au from 4.6m (incl. 9.1m @ 3.9g/t Au) in RBRC012”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC012Red Bird North · goldGrade: 3.9Grade Unit: g/tIntercept: 9.1 mView all details
Link to this fact

Identity

Hole ID
RBRC012
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
3.9
Grade Unit
g/t
Intercept
9.1 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows a strong gold grade over a good width, indicating higher-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“9.1m @ 3.9g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC023Red Bird North · goldGrade: 3.1Grade Unit: g/tIntercept: 24.4 mView all details
Link to this fact

Identity

Hole ID
RBRC023
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
3.1
Grade Unit
g/t
Intercept
24.4 m
From
22.9 m
To
47.3 m
Intercept Depth
22.9 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC023:22.9-47.3
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong gold grade over a good width, indicating significant mineralization in the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“24.4m @ 3.1g/t Au from 22.9m (incl. 9.1m @ 6.6g/t Au) in RBRC023”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC023Red Bird North · goldGrade: 6.6Grade Unit: g/tIntercept: 9.1 mView all details
Link to this fact

Identity

Hole ID
RBRC023
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
6.6
Grade Unit
g/t
Intercept
9.1 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows bonanza-grade gold over a significant width, highlighting very high-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“9.1m @ 6.6g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC026Red Bird North · goldGrade: 2.4Grade Unit: g/tIntercept: 25.9 mView all details
Link to this fact

Identity

Hole ID
RBRC026
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
2.4
Grade Unit
g/t
Intercept
25.9 m
From
22.9 m
To
48.8 m
Intercept Depth
22.9 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC026:22.9-48.8
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong gold grade over a good width, indicating significant mineralization in the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“25.9m @ 2.4g/t Au from 22.9m (incl. 6.1m @ 5.2g/t Au) in RBRC026”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC026Red Bird North · goldGrade: 5.2Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
RBRC026
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
5.2
Grade Unit
g/t
Intercept
6.1 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows bonanza-grade gold over a significant width, highlighting very high-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“6.1m @ 5.2g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC019Red Bird North · goldGrade: 2.8Grade Unit: g/tIntercept: 22.9 mView all details
Link to this fact

Identity

Hole ID
RBRC019
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
2.8
Grade Unit
g/t
Intercept
22.9 m
From
42.7 m
To
65.6 m
Intercept Depth
42.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC019:42.7-65.6
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong gold grade over a good width, indicating significant mineralization in the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“22.9m @ 2.8g/t Au from 42.7m (incl. 4.6m @ 8.7g/t Au) in RBRC019”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC019Red Bird North · goldGrade: 8.7Grade Unit: g/tIntercept: 4.6 mView all details
Link to this fact

Identity

Hole ID
RBRC019
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
8.7
Grade Unit
g/t
Intercept
4.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows bonanza-grade gold over a significant width, highlighting very high-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“4.6m @ 8.7g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC020Red Bird North · goldGrade: 2.9Grade Unit: g/tIntercept: 16.8 mView all details
Link to this fact

Identity

Hole ID
RBRC020
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
2.9
Grade Unit
g/t
Intercept
16.8 m
From
41.1 m
To
57.9 m
Intercept Depth
41.1 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC020:41.1-57.9
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong gold grade over a good width, indicating significant mineralization in the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“16.8m @ 2.9g/t Au from 41.1m (incl. 6.1m @ 5.2g/t Au) in RBRC020”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC020Red Bird North · goldGrade: 5.2Grade Unit: g/tIntercept: 6.1 mView all details
Link to this fact

Identity

Hole ID
RBRC020
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
5.2
Grade Unit
g/t
Intercept
6.1 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows bonanza-grade gold over a significant width, highlighting very high-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“6.1m @ 5.2g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC015Red Bird North · goldGrade: 1Grade Unit: g/tIntercept: 36.6 mView all details
Link to this fact

Identity

Hole ID
RBRC015
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
1
Grade Unit
g/t
Intercept
36.6 m
From
3 m
To
39.6 m
Intercept Depth
3 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC015:3-39.6
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a significant width of moderate-grade gold, supporting the potential for a shallow open-pit scenario in the epithermal system, though its novelty is low.

Positive factors

  • Significant intercept length for an epithermal gold system.
  • Moderate gold grade, consistent with open-pit potential.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“36.6m @ 1.0g/t Au from 3.0m in RBRC015”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC031Red Bird North · goldGrade: 2.2Grade Unit: g/tIntercept: 15.2 mView all details
Link to this fact

Identity

Hole ID
RBRC031
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
2.2
Grade Unit
g/t
Intercept
15.2 m
From
13.7 m
To
28.9 m
Intercept Depth
13.7 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC031:13.7-28.9
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong gold grade over a good width, indicating significant mineralization in the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“15.2m @ 2.2g/t Au from 13.7m (incl. 7.6m @ 3.8g/t Au) in RBRC031”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC031Red Bird North · goldGrade: 3.8Grade Unit: g/tIntercept: 7.6 mView all details
Link to this fact

Identity

Hole ID
RBRC031
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
3.8
Grade Unit
g/t
Intercept
7.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows a strong gold grade over a good width, indicating higher-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“7.6m @ 3.8g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC027Red Bird North · goldGrade: 2.9Grade Unit: g/tIntercept: 13.7 mView all details
Link to this fact

Identity

Hole ID
RBRC027
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
2.9
Grade Unit
g/t
Intercept
13.7 m
From
1.5 m
To
15.2 m
Intercept Depth
1.5 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC027:1.5-15.2
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong gold grade over a good width from very shallow depth, indicating significant near-surface mineralization, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Good intercept length from very shallow depth.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“13.7m @ 2.9g/t Au from 1.5m (incl. 4.6m @ 7.8g/t Au) in RBRC027”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC027Red Bird North · goldGrade: 7.8Grade Unit: g/tIntercept: 4.6 mView all details
Link to this fact

Identity

Hole ID
RBRC027
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
7.8
Grade Unit
g/t
Intercept
4.6 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical sub-interval shows bonanza-grade gold over a significant width, highlighting very high-grade zones within the epithermal system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Good sub-interval width.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“4.6m @ 7.8g/t Au”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC010Red Bird North · goldGrade: 1Grade Unit: g/tIntercept: 27.4 mView all details
Link to this fact

Identity

Hole ID
RBRC010
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
1
Grade Unit
g/t
Intercept
27.4 m
From
15.2 m
To
42.6 m
Intercept Depth
15.2 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC010:15.2-42.6
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a significant width of moderate-grade gold, supporting the potential for a shallow open-pit scenario in the epithermal system, though its novelty is low.

Positive factors

  • Significant intercept length for an epithermal gold system.
  • Moderate gold grade, consistent with open-pit potential.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“27.4m @ 1.0g/t Au from 15.2m in RBRC010”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC025Red Bird North · goldGrade: 1.7Grade Unit: g/tIntercept: 22.9 mView all details
Link to this fact

Identity

Hole ID
RBRC025
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
1.7
Grade Unit
g/t
Intercept
22.9 m
From
22.9 m
To
45.8 m
Intercept Depth
22.9 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC025:22.9-45.8
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a good width of moderate-grade gold, supporting the potential for a shallow open-pit scenario in the epithermal system, though its novelty is low.

Positive factors

  • Good intercept length for an epithermal gold system.
  • Moderate gold grade, consistent with open-pit potential.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“22.9m @ 1.7g/t Au from 22.9m in RBRC025”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC016Red Bird North · goldGrade: 2.1Grade Unit: g/tIntercept: 12.2 mView all details
Link to this fact

Identity

Hole ID
RBRC016
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
2.1
Grade Unit
g/t
Intercept
12.2 m
From
22.9 m
To
35.1 m
Intercept Depth
22.9 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC016:22.9-35.1
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a strong gold grade over a moderate width, indicating significant mineralization in the epithermal system, though its novelty is low.

Positive factors

  • Strong gold grade for an epithermal deposit.
  • Moderate intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“12.2m @ 2.1g/t Au from 22.9m in RBRC016”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC026Red Bird North · goldGrade: 1Grade Unit: g/tIntercept: 9.1 mView all details
Link to this fact

Identity

Hole ID
RBRC026
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
1
Grade Unit
g/t
Intercept
9.1 m
From
0 m
To
9.1 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC026:0-9.1
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows moderate gold grade from surface over a moderate width, indicating near-surface mineralization, though its novelty is low.

Positive factors

  • Moderate gold grade from surface, indicating near-surface mineralization.
  • Moderate intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“9.1m @ 1.0g/t Au from 0m in RBRC026”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

RBRC025Red Bird North · goldGrade: 0.9Grade Unit: g/tIntercept: 9.1 mView all details
Link to this fact

Identity

Hole ID
RBRC025
Project
Red Bird North
Commodity
gold
Region
usa_az
Reported Region
usa_az
Ticker
SQX

Geometry

Grade
0.9
Grade Unit
g/t
Intercept
9.1 m
From
0 m
To
9.1 m
Intercept Depth
0 m

Classification

Deposit Type
epithermal
Program
exploration
Sample Type
drill
Group ID
RBRC025:0-9.1
Mining Method
open_pit

Location

Location
Main Zone
Loc. Source
document

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows moderate gold grade from surface over a moderate width, indicating near-surface mineralization, though its novelty is low.

Positive factors

  • Moderate gold grade from surface, indicating near-surface mineralization.
  • Moderate intercept length.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“9.1m @ 0.9g/t Au from surface in RBRC025”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Fact 29Williams Gold-Silver Project · goldGrade: 75.1Grade Unit: g/tIntercept: 0.6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Williams Gold-Silver Project
Commodity
gold
Region
usa_mt
Reported Region
Montana, USA
Ticker
SQX

Geometry

Grade
75.1
Grade Unit
g/t
Intercept
0.6 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-11-18T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical channel sample shows bonanza-grade gold and high-grade silver over a narrow width, indicating very high-grade zones within the epithermal vein system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Associated with high-grade silver.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Narrow intercept length for channel sampling.
  • Apparent width only, true width not stated.

Evidence · text

“0.6m @ 75.1g/t Au + 576g/t Ag (backs)”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 30Williams Gold-Silver Project · silverGrade: 576Grade Unit: g/tIntercept: 0.6 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Williams Gold-Silver Project
Commodity
silver
Region
usa_mt
Reported Region
Montana, USA
Ticker
SQX

Geometry

Grade
576
Grade Unit
g/t
Intercept
0.6 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-11-18T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical channel sample shows bonanza-grade silver and high-grade gold over a narrow width, indicating very high-grade zones within the epithermal vein system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade silver for an epithermal deposit.
  • Associated with high-grade gold.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Narrow intercept length for channel sampling.
  • Apparent width only, true width not stated.

Evidence · text

“0.6m @ 75.1g/t Au + 576g/t Ag (backs)”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 31Williams Gold-Silver Project · goldGrade: 40.7Grade Unit: g/tIntercept: 0.7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Williams Gold-Silver Project
Commodity
gold
Region
usa_mt
Reported Region
Montana, USA
Ticker
SQX

Geometry

Grade
40.7
Grade Unit
g/t
Intercept
0.7 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-11-18T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical channel sample shows bonanza-grade gold and high-grade silver over a narrow width, indicating very high-grade zones within the epithermal vein system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade gold for an epithermal deposit.
  • Associated with high-grade silver.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Narrow intercept length for channel sampling.
  • Apparent width only, true width not stated.

Evidence · text

“0.7m @ 40.7g/t Au + 319g/t Ag (western drive face)”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 32Williams Gold-Silver Project · silverGrade: 319Grade Unit: g/tIntercept: 0.7 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Williams Gold-Silver Project
Commodity
silver
Region
usa_mt
Reported Region
Montana, USA
Ticker
SQX

Geometry

Grade
319
Grade Unit
g/t
Intercept
0.7 m

Classification

Deposit Type
epithermal
Sample Type
channel
Mining Method
underground

QA/QC

QA/QC Disclosed
Yes
Lab Certified
No
QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Compositing

Dilution Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-11-18T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical channel sample shows bonanza-grade silver and high-grade gold over a narrow width, indicating very high-grade zones within the epithermal vein system, though its novelty is low.

Positive factors

  • Exceptional bonanza-grade silver for an epithermal deposit.
  • Associated with high-grade gold.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Narrow intercept length for channel sampling.
  • Apparent width only, true width not stated.

Evidence · text

“0.7m @ 40.7g/t Au + 319g/t Ag (western drive face)”

Tags used in scoring

QA/QC Disclosedpositive

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

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 33Scrub Paddock · goldGrade: 1.2Grade Unit: g/tIntercept: 28 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Scrub Paddock
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SQX

Geometry

Grade
1.2
Grade Unit
g/t
Intercept
28 m
From
101 m
To
129 m
Intercept Depth
101 m

Classification

Sample Type
drill
Group ID
Scrub_Paddock:101-129

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2023-02-16T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a good width of moderate-grade gold, indicating mineralization potential, though its novelty is very low as it's a re-release from an older prospectus.

Positive factors

  • Good intercept length for gold mineralization.
  • Moderate gold grade.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“28m @ 1.2g/t Au from 101m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 34Scrub Paddock · goldGrade: 1Grade Unit: g/tIntercept: 12 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Scrub Paddock
Commodity
gold
Region
australia_qld
Reported Region
australia_qld
Ticker
SQX

Geometry

Grade
1
Grade Unit
g/t
Intercept
12 m
From
42 m
To
54 m
Intercept Depth
42 m

Classification

Sample Type
drill
Group ID
Scrub_Paddock:42-54

QA/QC

QP Signed
Yes

Deleterious

Deleterious Flag
No

Metal Equivalent

Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
drill_no_hole_id
Interp. Status
scored
Historical
Yes
Historical Source Date
2023-02-16T00:00:00.000Z

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: This historical drill intercept shows a moderate width of moderate-grade gold, indicating mineralization potential, though its novelty is very low as it's a re-release from an older prospectus.

Positive factors

  • Moderate intercept length for gold mineralization.
  • Moderate gold grade.

Negative factors

  • Result is a re-release of historical data, limiting novelty.
  • Apparent width only, true width not stated.

Evidence · text

“12m @ 1.0g/t Au from 42m”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Stale Data Re-releasenegative

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

Why it applies: the fact restates a prior release

Fact 35Red Bird Gold ProjectView all details
Link to this fact

Identity

Project
Red Bird Gold Project
Region
usa_az
Reported Region
Arizona, USA
Ticker
SQX

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The acquisition of AM6 Pty Ltd was a significant strategic move, providing SQX with advanced gold-silver projects in the US and aligning vendor interests with project success, though the announcement itself is a summary of a past event.

Positive factors

  • Acquisition of 80% interest in AM6 Pty Ltd, securing two advanced gold-silver projects.
  • Consideration includes performance rights aligned with exploration and development milestones.
  • Strategic expansion into the US minerals sector.

Negative factors

  • Acquisition is a re-release of a previously announced event, limiting novelty.

Evidence · text

“On 14 October 2025, SQX entered into a binding agreement to acquire 80% of the issued share capital of AM6 Pty Ltd, the holder of the Williams Gold-Silver Project in Montana, USA and the Red Bird Gold Project in Arizona, USA, subject to satisfaction of conditions precedent including shareholder approval, due diligence and regulatory/third-party consents. Total consideration comprised: ▪ 20,000,000 fully paid ordinary shares in SQX (Consideration Shares); ▪ $250,000 in cash (Consideration Payment); and ▪ 30,000,000 Performance Rights, vesting in tranches of 10,000,000 upon satisfaction of defined exploration and development milestones. Completion of the acquisition occurred on 7 January 2026, securing SQX an 80% interest in AM6 and its portfolio of advanced gold exploration projects in the western United States.”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Fact 36View all details
Link to this fact

Identity

Ticker
SQX

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The successful $2 million placement provided essential funding for the company's strategic acquisition and exploration activities, demonstrating investor confidence, though the announcement itself is a summary of a past event.

Positive factors

  • Successful capital raise providing funds for acquisition costs, exploration, and working capital.
  • Placement to professional and sophisticated investors.

Negative factors

  • Placement is a re-release of a previously announced event, limiting novelty.

Evidence · text

“During the year, SQX completed a placement to professional and sophisticated investors raising $2,000,000 (before costs) via the issue of 20,000,000 new shares at A$0.10 per share. Proceeds were applied to acquisition costs, exploration activities across the AM6 projects and working capital. The placement occurred in two tranches: Tranche 1 comprised 7,812,500 shares issued under the Company’s existing capacity pursuant to Listing Rules 7.1 and 7.1A on 22 October 2025, and Tranche 2 comprised the remaining 12,187,500 shares issued following receipt of shareholder approval under Listing Rule 7.1 at the Company’s Annual General Meeting held on 28 November 2025.”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

Fact 37View all details
Link to this fact

Identity

Ticker
SQX

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

Event date
2026-09-30T00:00:00.000Z

Reasoning: The successful and fully underwritten entitlement offer significantly boosts the company's financial position for future activities, although the lower issue price suggests some dilution for existing shareholders.

Positive factors

  • Successful completion of a fully underwritten entitlement offer, raising significant capital.
  • Provides additional funding for future operations and exploration activities.

Negative factors

  • Issue price of $0.04 per share is lower than the previous placement price of $0.10, indicating dilution.

Evidence · text

“On 21 August 2026, the Company announced a fully underwritten non-renounceable pro rata entitlement offer of two (2) new shares for every three (3) shares held at an issue price of $0.04 per share to raise approximately $2.47 million (before costs) through the issue of up to 61,700,000 fully paid ordinary shares. ... On 21 September 2026, the Company announced the completion of the fully underwritten non-renounceable pro rata entitlement successfully raising $2.47 million (before costs).”

Tags used in scoring

No QA/QC Disclosurenegative

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

Why it applies: qaqc_disclosed is not true

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

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.