STK: Annual Report to shareholders

Original announcement by asx on

Company
Strickland Metals Limited
Ticker
STK
Exchange
ASX
Region
Serbia
Primary commodity
Gold
Secondary commodities
Copper, Silver, Zinc, Lead
Document categories
Resource update, Other
Extracted
2026-09-30 01:06:20 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Strickland Metals Limited's Annual Report for 2026 highlights significant progress at its Rogozna Project in Serbia, reporting a total JORC-compliant Mineral Resource of 9.25 million ounces of gold equivalent. This includes a maiden Indicated Resource at Shanac and a 50% increase in the Gradina resource, demonstrating substantial growth in the project's scale. The company is advancing multiple workstreams towards a Pre-Feasibility Study, with ongoing exploration and metallurgical testwork.

Reasoning: The annual report consolidates significant resource growth at the Rogozna Project, including maiden indicated resources and substantial increases in inferred resources, all reported under JORC. While some updates were previously announced, the overall scale and advancement towards PFS are positive, though a large portion remains in the inferred category and one estimate is stale.

Positive factors

  • JORC Compliant
  • QP/CP Signed
  • Resource Update
  • Maiden Resource
  • Tonnage Growth
  • Contained Metal Growth
  • PFS-Supporting
  • Indicated Resource

Negative factors

  • Inferred Resource
  • Stale Estimate

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

Facts used in scoring: 28

Classification and evidence

JORC Compliantpositive

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

Why it applies: The Mineral Resource Statement is reported in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Resources (The JORC 2012 Edition).

Evidence · text

“The Company’s Mineral Resource Statement has been compiled and is reported in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Resources (The JORC 2012 Edition)”

QP/CP Signedpositive

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

Why it applies: The document includes a 'Competent Person Statement' on page 78, indicating that the resource estimates have been signed off by a qualified professional.

Evidence · text

“Competent Person Statement”

Resource Updateneutral

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

Why it applies: The document presents 'Rogozna Mineral Resources' and discusses 'multiple Mineral Resource Estimate (MRE) updates'.

Evidence · text

“Rogozna Mineral Resources”

Maiden Resourceneutral

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

Why it applies: The report highlights a 'Maiden Indicated MRE of 1.25Moz AuEq at Shanac' and a 'Maiden Inferred MRE for Gradina of 1.2Moz Au'.

Evidence · text

“Maiden Indicated MRE of 1.25Moz AuEq at Shanac”

Tonnage Growthpositive

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

Why it applies: The Gradina MRE update resulted in a '50% Increase in Gradina Resource to 1.8Moz @ 2.8g/t Au'.

Evidence · text

“50% Increase in Gradina Resource to 1.8Moz @ 2.8g/t Au”

Contained Metal Growthpositive

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

Why it applies: The drilling campaign delivered multiple MRE updates, resulting in a 'total updated MRE at Rogozna of 9.25Moz AuEq'.

Evidence · text

“total updated MRE at Rogozna of 9.25Moz AuEq”

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: The company is 'Advancing multiple project work streams in parallel to ensure delivery of the pre-feasibility studies (PFS)'.

Evidence · text

“Advancing multiple project work streams in parallel to ensure delivery of the pre-feasibility studies (PFS)”

Inferred Resourcenegative

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

Why it applies: The total Mineral Resource for the Rogozna Project includes a significant portion of Inferred resources (8.00 Moz AuEq Inferred out of 9.25 Moz AuEq total).

Evidence · table

“187”

Context: Inferred

Stale Estimatenegative

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

Why it applies: The Medenovac resource estimate has an effective date of February 2025, which is over a year old compared to the report date of September 2026.

Evidence · text

“Medenovac (February 2025)”

Extracted facts

Stored fact records: 28. Some facts used in scoring do not have a stored record.

Resource Estimates (28)

indicatedRogozna · goldTonnes: 30000000Grade: 0.83Grade Unit: g/tContained Metal: 0.8Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
gold
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:022b4301ac5ed2f2c3b5
Deposit or zone
Shanac

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.83
Grade Unit
g/t
Contained Metal
0.8
Contained Unit
moz
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Maiden Indicated Resource for Shanac with significant contained gold, contributing to overall project growth and reported under JORC standards.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.83”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · copperTonnes: 30000000Grade: 0.13Grade Unit: %Contained Metal: 39Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
copper
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:022b4301ac5ed2f2c3b5
Deposit or zone
Shanac

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.13
Grade Unit
%
Contained Metal
39
Contained Unit
kt
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated copper resource at Shanac contributes to the polymetallic nature of the deposit, reported under JORC standards.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.13”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · silverTonnes: 30000000Grade: 7.2Grade Unit: g/tContained Metal: 6.9Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
silver
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:022b4301ac5ed2f2c3b5
Deposit or zone
Shanac

Resource Data

Category
indicated
Tonnes
30000000
Grade
7.2
Grade Unit
g/t
Contained Metal
6.9
Contained Unit
moz
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated silver resource at Shanac contributes to the polymetallic nature of the deposit, reported under JORC standards.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant

Evidence · table

“7.20”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · leadTonnes: 30000000Grade: 0.29Grade Unit: %Contained Metal: 87Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
lead
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:022b4301ac5ed2f2c3b5
Deposit or zone
Shanac

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.29
Grade Unit
%
Contained Metal
87
Contained Unit
kt
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated lead resource at Shanac contributes to the polymetallic nature of the deposit, reported under JORC standards.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.29”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · zincTonnes: 30000000Grade: 0.36Grade Unit: %Contained Metal: 108Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
zinc
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:022b4301ac5ed2f2c3b5
Deposit or zone
Shanac

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.36
Grade Unit
%
Contained Metal
108
Contained Unit
kt
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated zinc resource at Shanac contributes to the polymetallic nature of the deposit, reported under JORC standards.

Positive factors

  • Maiden Resource
  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.36”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · goldTonnes: 130000000Grade: 0.55Grade Unit: g/tContained Metal: 2.3Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
gold
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:7fde6de0d460008a82ef
Deposit or zone
Shanac

Resource Data

Category
inferred
Tonnes
130000000
Grade
0.55
Grade Unit
g/t
Contained Metal
2.3
Contained Unit
moz
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
0.98
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Large inferred gold resource at Shanac, contributing significantly to the project's overall scale, but with lower confidence due to its inferred category.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.55”

Context: 130

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · copperTonnes: 130000000Grade: 0.11Grade Unit: %Contained Metal: 143Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
copper
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:7fde6de0d460008a82ef
Deposit or zone
Shanac

Resource Data

Category
inferred
Tonnes
130000000
Grade
0.11
Grade Unit
%
Contained Metal
143
Contained Unit
kt
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
0.98
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred copper resource at Shanac, contributing to the polymetallic nature of the deposit, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.11”

Context: 130

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · silverTonnes: 130000000Grade: 6.1Grade Unit: g/tContained Metal: 25.5Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
silver
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:7fde6de0d460008a82ef
Deposit or zone
Shanac

Resource Data

Category
inferred
Tonnes
130000000
Grade
6.1
Grade Unit
g/t
Contained Metal
25.5
Contained Unit
moz
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
0.98
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred silver resource at Shanac, contributing to the polymetallic nature of the deposit, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“6.10”

Context: 130

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · leadTonnes: 130000000Grade: 0.21Grade Unit: %Contained Metal: 273Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
lead
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:7fde6de0d460008a82ef
Deposit or zone
Shanac

Resource Data

Category
inferred
Tonnes
130000000
Grade
0.21
Grade Unit
%
Contained Metal
273
Contained Unit
kt
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
0.98
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred lead resource at Shanac, contributing to the polymetallic nature of the deposit, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.21”

Context: 130

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · zincTonnes: 130000000Grade: 0.34Grade Unit: %Contained Metal: 442Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
zinc
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:7fde6de0d460008a82ef
Deposit or zone
Shanac

Resource Data

Category
inferred
Tonnes
130000000
Grade
0.34
Grade Unit
%
Contained Metal
442
Contained Unit
kt
Cutoff Grade
0.6
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2026-04-01

Metal Equivalent

Metal Eq. Grade
0.98
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred zinc resource at Shanac, contributing to the polymetallic nature of the deposit, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.34”

Context: 130

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · goldTonnes: 20000000Grade: 2.8Grade Unit: g/tContained Metal: 1.8Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
gold
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:bfdb414a9104ad088fb1
Deposit or zone
Gradina

Resource Data

Category
inferred
Tonnes
20000000
Grade
2.8
Grade Unit
g/t
Contained Metal
1.8
Contained Unit
moz
Cutoff Grade
1.5
Cutoff Unit
g/t Au

Prior Estimate

Resource Date
2026-05-01

Metal Equivalent

Metal Eq. Grade
2.8
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Significant inferred gold resource at Gradina, showing a 50% increase, but still in the inferred category.

Positive factors

  • Maiden Resource
  • Tonnage Growth
  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“2.8”

Context: 20

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · goldTonnes: 21000000Grade: 0.77Grade Unit: g/tContained Metal: 0.52Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
gold
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5eddef767ca67f066c90
Deposit or zone
Medenovac

Resource Data

Category
inferred
Tonnes
21000000
Grade
0.77
Grade Unit
g/t
Contained Metal
0.52
Contained Unit
moz
Cutoff Grade
1
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2025-02-01

Metal Equivalent

Metal Eq. Grade
1.9
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred gold resource at Medenovac, contributing to the polymetallic nature, but the estimate is over a year old.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.77”

Context: 21

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · copperTonnes: 21000000Grade: 0.27Grade Unit: %Contained Metal: 57Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
copper
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5eddef767ca67f066c90
Deposit or zone
Medenovac

Resource Data

Category
inferred
Tonnes
21000000
Grade
0.27
Grade Unit
%
Contained Metal
57
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2025-02-01

Metal Equivalent

Metal Eq. Grade
1.9
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred copper resource at Medenovac, contributing to the polymetallic nature, but the estimate is over a year old.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.27”

Context: 21

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · silverTonnes: 21000000Grade: 6.3Grade Unit: g/tContained Metal: 4.3Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
silver
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5eddef767ca67f066c90
Deposit or zone
Medenovac

Resource Data

Category
inferred
Tonnes
21000000
Grade
6.3
Grade Unit
g/t
Contained Metal
4.3
Contained Unit
moz
Cutoff Grade
1
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2025-02-01

Metal Equivalent

Metal Eq. Grade
1.9
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred silver resource at Medenovac, contributing to the polymetallic nature, but the estimate is over a year old.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“6.3”

Context: 21

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · leadTonnes: 21000000Grade: 0.11Grade Unit: %Contained Metal: 23Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
lead
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5eddef767ca67f066c90
Deposit or zone
Medenovac

Resource Data

Category
inferred
Tonnes
21000000
Grade
0.11
Grade Unit
%
Contained Metal
23
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2025-02-01

Metal Equivalent

Metal Eq. Grade
1.9
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred lead resource at Medenovac, contributing to the polymetallic nature, but the estimate is over a year old.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“0.11”

Context: 21

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · zincTonnes: 21000000Grade: 1.54Grade Unit: %Contained Metal: 320Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
zinc
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:5eddef767ca67f066c90
Deposit or zone
Medenovac

Resource Data

Category
inferred
Tonnes
21000000
Grade
1.54
Grade Unit
%
Contained Metal
320
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
g/t AuEq

Prior Estimate

Resource Date
2025-02-01

Metal Equivalent

Metal Eq. Grade
1.9
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred zinc resource at Medenovac, contributing to the polymetallic nature, but the estimate is over a year old.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource
  • Stale Estimate

Evidence · table

“1.54”

Context: 21

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · goldTonnes: 16000000Grade: 1.3Grade Unit: g/tContained Metal: 0.65Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
gold
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b996d2a4837dd8988d18
Deposit or zone
Copper Canyon

Resource Data

Category
inferred
Tonnes
16000000
Grade
1.3
Grade Unit
g/t
Contained Metal
0.65
Contained Unit
moz
Cutoff Grade
76
Cutoff Unit
US$/t NSR

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.6
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred gold resource at Copper Canyon, contributing to the polymetallic nature, reported under JORC standards.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“1.3”

Context: 16

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · copperTonnes: 16000000Grade: 0.45Grade Unit: %Contained Metal: 72Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
copper
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:b996d2a4837dd8988d18
Deposit or zone
Copper Canyon

Resource Data

Category
inferred
Tonnes
16000000
Grade
0.45
Grade Unit
%
Contained Metal
72
Contained Unit
kt
Cutoff Grade
76
Cutoff Unit
US$/t NSR

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.6
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Inferred copper resource at Copper Canyon, contributing to the polymetallic nature, reported under JORC standards.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.45”

Context: 16

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

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

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · goldTonnes: 30000000Grade: 0.83Grade Unit: g/tContained Metal: 0.8Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
gold
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dc1fa18c539d9ff51cbf
Deposit or zone
Project Total

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.83
Grade Unit
g/t
Contained Metal
0.8
Contained Unit
moz

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated gold resource for the overall project, providing higher confidence for a portion of the total resource.

Positive factors

  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.83”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · copperTonnes: 30000000Grade: 0.13Grade Unit: %Contained Metal: 39Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
copper
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dc1fa18c539d9ff51cbf
Deposit or zone
Project Total

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.13
Grade Unit
%
Contained Metal
39
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated copper resource for the overall project, contributing to the polymetallic nature.

Positive factors

  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.13”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · silverTonnes: 30000000Grade: 7.2Grade Unit: g/tContained Metal: 6.9Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
silver
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dc1fa18c539d9ff51cbf
Deposit or zone
Project Total

Resource Data

Category
indicated
Tonnes
30000000
Grade
7.2
Grade Unit
g/t
Contained Metal
6.9
Contained Unit
moz

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated silver resource for the overall project, contributing to the polymetallic nature.

Positive factors

  • Indicated Resource
  • JORC Compliant

Evidence · table

“7.20”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · leadTonnes: 30000000Grade: 0.29Grade Unit: %Contained Metal: 87Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
lead
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dc1fa18c539d9ff51cbf
Deposit or zone
Project Total

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.29
Grade Unit
%
Contained Metal
87
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated lead resource for the overall project, contributing to the polymetallic nature.

Positive factors

  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.29”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

indicatedRogozna · zincTonnes: 30000000Grade: 0.36Grade Unit: %Contained Metal: 108Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
zinc
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:dc1fa18c539d9ff51cbf
Deposit or zone
Project Total

Resource Data

Category
indicated
Tonnes
30000000
Grade
0.36
Grade Unit
%
Contained Metal
108
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.3
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Indicated zinc resource for the overall project, contributing to the polymetallic nature.

Positive factors

  • Indicated Resource
  • JORC Compliant

Evidence · table

“0.36”

Context: 30

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · goldTonnes: 187000000Grade: 0.88Grade Unit: g/tContained Metal: 5.27Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
gold
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e8df9fb82c30383f47d0
Deposit or zone
Project Total

Resource Data

Category
inferred
Tonnes
187000000
Grade
0.88
Grade Unit
g/t
Contained Metal
5.27
Contained Unit
moz

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.35
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Large inferred gold resource for the overall project, contributing significantly to the total contained metal, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.88”

Context: 187

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · copperTonnes: 187000000Grade: 0.14Grade Unit: %Contained Metal: 272Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
copper
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e8df9fb82c30383f47d0
Deposit or zone
Project Total

Resource Data

Category
inferred
Tonnes
187000000
Grade
0.14
Grade Unit
%
Contained Metal
272
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.35
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Large inferred copper resource for the overall project, contributing to the polymetallic nature, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.14”

Context: 187

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · silverTonnes: 187000000Grade: 4.95Grade Unit: g/tContained Metal: 29.8Contained Unit: mozView all details
Link to this fact

Identity

Project
Rogozna
Commodity
silver
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e8df9fb82c30383f47d0
Deposit or zone
Project Total

Resource Data

Category
inferred
Tonnes
187000000
Grade
4.95
Grade Unit
g/t
Contained Metal
29.8
Contained Unit
moz

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.35
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Large inferred silver resource for the overall project, contributing to the polymetallic nature, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“4.95”

Context: 187

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · leadTonnes: 187000000Grade: 0.16Grade Unit: %Contained Metal: 296Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
lead
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e8df9fb82c30383f47d0
Deposit or zone
Project Total

Resource Data

Category
inferred
Tonnes
187000000
Grade
0.16
Grade Unit
%
Contained Metal
296
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.35
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Large inferred lead resource for the overall project, contributing to the polymetallic nature, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.16”

Context: 187

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

inferredRogozna · zincTonnes: 187000000Grade: 0.41Grade Unit: %Contained Metal: 762Contained Unit: ktView all details
Link to this fact

Identity

Project
Rogozna
Commodity
zinc
Region
serbia
Reported Region
Serbia
Ticker
STK

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Resource group id
resource:e8df9fb82c30383f47d0
Deposit or zone
Project Total

Resource Data

Category
inferred
Tonnes
187000000
Grade
0.41
Grade Unit
%
Contained Metal
762
Contained Unit
kt

Prior Estimate

Resource Date
2026-07-01

Metal Equivalent

Metal Eq. Grade
1.35
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: Large inferred zinc resource for the overall project, contributing to the polymetallic nature, but with lower confidence.

Positive factors

  • JORC Compliant

Negative factors

  • Inferred Resource

Evidence · table

“0.41”

Context: 187

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

JORC Compliantpositive

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

Why it applies: reporting_standards includes jorc

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

PEA-Supportingneutral

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

Why it applies: the release names the study this estimate supports

PFS-Supportingneutral

Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.

Why it applies: the release names the study this estimate supports

DFS-Supportingneutral

Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.

Why it applies: the release names the study this estimate supports

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.