# Strata Minerals gives Zelica gold mining plans a lift with maiden resource Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/strata-minerals-gives-zelica-gold-mining-plans-a-lift-with-maiden-resource--7684006f-76d0-4ab3-b714-a2a2049665af Original source: https://stockhead.com.au/resources/strata-minerals-gives-zelica-gold-mining-plans-a-lift-with-maiden-resource/ Publisher: stockhead Original announcement: 2026-10-13T23:38:01.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T01:03:10.944Z Atlas analysis updated: 2026-10-14T01:03:10.944Z - Company: Strata Minerals - Ticker: SMX - Exchange: Unavailable - Region: Western Australia - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Other - Extracted: 2026-10-14 01:03:11 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Strata Minerals has announced a maiden JORC 2012 gold resource at its 100%-owned Zelica project in Western Australia. The resource totals 814,000 tonnes at 1.61 g/t gold \(42,000 oz\), with 68% classified as Indicated. Reasoning: The announcement of a maiden JORC 2012 resource with a strong Indicated component is a significant de-risking milestone for the Zelica project. - Positive factor: Maiden JORC 2012 resource established - Positive factor: High proportion of Indicated resource \(68%\) - Positive factor: Resource remains open at depth and along strike - Positive factor: Supported by BML Ventures agreement - Negative factor: Supersedes historical estimate \(though this is a modern upgrade\) Facts used in scoring: 3 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: The announcement establishes a maiden JORC 2012 gold resource at Zelica. Evidence · text > Strata Minerals has established a maiden JORC 2012 gold resource at Zelica **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: The resource is reported under the JORC 2012 code. Evidence · text > Maiden JORC 2012 resource **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The resource is reported above a 0.5g/t gold cut-off. Evidence · text > The estimate is reported above a 0.5g/t gold cut-off ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/strata-minerals-gives-zelica-gold-mining-plans-a-lift-with-maiden-resource--7684006f-76d0-4ab3-b714-a2a2049665af#fact-resource-facts-0) Zelica · gold #### Identity - Project: Zelica - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: SMX #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:c2e1da9334268b6faf70 - Deposit or zone: Zelica - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 525000 - Grade: 1.69 - Grade Unit: g/t - Contained Metal: 28500 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t gold #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Indicated resource component provides a firm base for mine planning. - Positive factor: High confidence category Evidence · text > The indicated component comprises 525,000t at 1.69g/t for 28,500oz. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/strata-minerals-gives-zelica-gold-mining-plans-a-lift-with-maiden-resource--7684006f-76d0-4ab3-b714-a2a2049665af#fact-resource-facts-1) Zelica · gold #### Identity - Project: Zelica - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: SMX #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:9ad0dfef5540f5ab4df2 - Deposit or zone: Zelica - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: inferred - Tonnes: 289000 - Grade: 1.46 - Grade Unit: g/t - Contained Metal: 13500 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t gold #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Inferred component adds volume but carries higher geological risk. - Positive factor: Adds to total resource scale - Negative factor: Lower confidence category Evidence · text > Another 289,000t at 1.46g/t for 13,500oz is inferred. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/strata-minerals-gives-zelica-gold-mining-plans-a-lift-with-maiden-resource--7684006f-76d0-4ab3-b714-a2a2049665af#fact-resource-facts-2) Zelica · gold #### Identity - Project: Zelica - Commodity: gold - Region: australia\_wa - Reported Region: Western Australia - Ticker: SMX #### Resource scope - Estimate type: resource - Reporting standards: jorc - Resource group id: resource:f0e04cd3c115fcbed48a - Deposit or zone: Zelica - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: indicated - Tonnes: 814000 - Grade: 1.61 - Grade Unit: g/t - Contained Metal: 42000 - Contained Unit: oz - Cutoff Grade: 0.5 - Cutoff Unit: g/t gold #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-10-13T00:00:00.000Z Reasoning: Total maiden resource establishes the project baseline. - Positive factor: Maiden resource establishment Evidence · text > the 100%-owned WA project now hosts 814,000 tonnes at 1.61g/t gold for 42,000oz #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **No QP/CP Disclosure** Polarity: negative Definition: No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience. Why it applies: no Qualified or Competent Person is named anywhere in the release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.