SVY: Annual Report - June 2026

Original announcement by asx on

Company
Stavely Minerals Limited
Ticker
SVY
Exchange
ASX
Region
Western Australia
Primary commodity
Copper
Secondary commodities
Gold, Silver, Zinc, Nickel, Cobalt
Document categories
Resource update, Drill results, Capital raise, Metallurgy
Extracted
2026-09-24 08:35:14 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Stavely Minerals Limited reported a significant increase in its total Mineral Resource Estimate to 60Mt at 0.58% CuEq, representing substantial growth in contained copper, gold, and silver. A Scoping Study for the Thursday's Gossan project delivered compelling economics with an A$818M pre-tax NPV7 and 40% IRR. The company also announced strong gold drill intercepts from its Fairview North, Fairview South, and Freddy's Find prospects, alongside a successful A$4.0 million capital raise to fund ongoing activities.

Reasoning: The annual report highlights a substantial increase in the overall Mineral Resource Estimate, driven by higher metal prices and pit optimization, leading to robust Scoping Study results for the Thursday's Gossan project. Additionally, new drill results from multiple gold prospects show significant intercepts, and historical metallurgical testwork indicates good gold recoveries. The capital raise provides funding for ongoing development and exploration.

Positive factors

  • Significant increase in total Mineral Resource Estimate (113% tonnage, 31% Cu, 67% Au, 69% Ag)
  • Compelling economic outcomes from Scoping Study (A$818M pre-tax NPV7, 40% IRR)
  • Strong gold drill intercepts at Fairview North and South, and Freddy's Find prospects
  • Positive metallurgical testwork results for gold recoveries via heap leach
  • High confidence in resource categories with 58% Cu, 63% Au, 63% Ag in Indicated Resources

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

Facts used in scoring: 136

Classification and evidence

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: the document describes a heap_leach route ("heap leach")

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("flotation")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 130. Some facts used in scoring do not have a stored record.

Drill Results (51)

SFRC006Fairview North Gold Prospect · goldGrade: 1.31Grade Unit: g/tIntercept: 59 mView all details
Link to this fact

Identity

Hole ID
SFRC006
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.31
Grade Unit
g/t
Intercept
59 m
From
0 m
To
59 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC006:0-59

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A broad, near-surface gold intercept at Fairview North indicates significant mineralization potential.

Positive factors

  • Broad intercept (59m)
  • Good gold grade (1.31 g/t)
  • Near surface mineralization (from surface)

Evidence · text

“59m at 1.31g/t gold from surface in drill-hole SFRC006”

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

SFRC006Fairview North Gold Prospect · goldGrade: 2.33Grade Unit: g/tIntercept: 27 mView all details
Link to this fact

Identity

Hole ID
SFRC006
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
2.33
Grade Unit
g/t
Intercept
27 m
From
13 m
To
40 m
Intercept Depth
13 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC006:13-40

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold intercept within a broader zone at Fairview North indicates significant mineralization potential.

Positive factors

  • Good intercept length (27m)
  • Strong gold grade (2.33 g/t)
  • Shallow mineralization (from 13m)

Evidence · text

“27m at 2.33g/t gold from 13m down-hole”

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

SFRC006Fairview North Gold Prospect · goldGrade: 10.81Grade Unit: g/tIntercept: 3 mView all details
Link to this fact

Identity

Hole ID
SFRC006
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
10.81
Grade Unit
g/t
Intercept
3 m
From
19 m
To
22 m
Intercept Depth
19 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC006:19-22

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

Positive factors

  • Bonanza grade (10.81 g/t gold)
  • Shallow mineralization (from 19m)

Evidence · text

“3m at 10.81g/t gold from 19m down-hole”

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

SFRC006Fairview North Gold Prospect · goldGrade: 5.05Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
SFRC006
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
5.05
Grade Unit
g/t
Intercept
4 m
From
30 m
To
34 m
Intercept Depth
30 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC006:30-34

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

Positive factors

  • Exceptional grade (5.05 g/t gold)
  • Shallow mineralization (from 30m)

Evidence · text

“4m at 5.05g/t gold from 30m down-hole”

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

SFRC007Fairview North Gold Prospect · goldGrade: 1.57Grade Unit: g/tIntercept: 42 mView all details
Link to this fact

Identity

Hole ID
SFRC007
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.57
Grade Unit
g/t
Intercept
42 m
From
23 m
To
65 m
Intercept Depth
23 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC007:23-65

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A broad, shallow gold intercept at Fairview North indicates significant mineralization potential.

Positive factors

  • Broad intercept (42m)
  • Good gold grade (1.57 g/t)
  • Shallow mineralization (from 23m)

Evidence · text

“42m at 1.57g/t gold from 23m down-hole in drill-hole SFRC007”

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

SFRC007Fairview North Gold Prospect · goldGrade: 4.76Grade Unit: g/tIntercept: 8 mView all details
Link to this fact

Identity

Hole ID
SFRC007
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
4.76
Grade Unit
g/t
Intercept
8 m
From
46 m
To
54 m
Intercept Depth
46 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC007:46-54

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

Positive factors

  • Exceptional grade (4.76 g/t gold)
  • Good intercept length (8m)

Evidence · text

“8m at 4.76g/t gold from 46m drill depth”

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

SFRC005Fairview North Gold Prospect · goldGrade: 0.96Grade Unit: g/tIntercept: 29 mView all details
Link to this fact

Identity

Hole ID
SFRC005
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
0.96
Grade Unit
g/t
Intercept
29 m
From
0 m
To
29 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC005:0-29

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length, near-surface gold intercept at Fairview North indicates mineralization potential.

Positive factors

  • Good intercept length (29m)
  • Moderate gold grade (0.96 g/t)
  • Near surface mineralization (from surface)

Evidence · text

“29m at 0.96g/t gold from surface in drill-hole SFRC005”

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

SFRC005Fairview North Gold Prospect · goldGrade: 3.46Grade Unit: g/tIntercept: 6 mView all details
Link to this fact

Identity

Hole ID
SFRC005
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
3.46
Grade Unit
g/t
Intercept
6 m
From
20 m
To
26 m
Intercept Depth
20 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC005:20-26

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

Positive factors

  • Strong gold grade (3.46 g/t)
  • Good intercept length (6m)

Evidence · text

“6m at 3.46g/t gold from 20m drill depth”

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

SFRC015Fairview North Gold Prospect · goldGrade: 1.08Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
SFRC015
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.08
Grade Unit
g/t
Intercept
14 m
From
19 m
To
33 m
Intercept Depth
19 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC015:19-33

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length, shallow gold intercept at Fairview North indicates mineralization potential.

Positive factors

  • Good intercept length (14m)
  • Moderate gold grade (1.08 g/t)
  • Shallow mineralization (from 19m)

Evidence · text

“14m at 1.08g/t gold from 19m drill depth in drill-hole SFRC015”

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

SFRC015Fairview North Gold Prospect · goldGrade: 2Grade Unit: g/tIntercept: 5 mView all details
Link to this fact

Identity

Hole ID
SFRC015
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
2
Grade Unit
g/t
Intercept
5 m
From
19 m
To
24 m
Intercept Depth
19 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC015:19-24

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

Positive factors

  • Strong gold grade (2.0 g/t)
  • Shallow mineralization (from 19m)

Evidence · text

“5m at 2.0g/t gold from 19m”

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

SFRC015Fairview North Gold Prospect · goldGrade: 1.22Grade Unit: g/tIntercept: 13 mView all details
Link to this fact

Identity

Hole ID
SFRC015
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.22
Grade Unit
g/t
Intercept
13 m
From
40 m
To
53 m
Intercept Depth
40 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC015:40-53

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length gold intercept at Fairview North indicates mineralization potential.

Positive factors

  • Good intercept length (13m)
  • Moderate gold grade (1.22 g/t)

Evidence · text

“13m at 1.22g/t gold from 40m”

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

SFRC015Fairview North Gold Prospect · goldGrade: 2.29Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
SFRC015
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
2.29
Grade Unit
g/t
Intercept
4 m
From
42 m
To
46 m
Intercept Depth
42 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC015:42-46

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

Positive factors

  • Strong gold grade (2.29 g/t)

Evidence · text

“4m at 2.29g/t gold 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

SFRC018Fairview North Gold Prospect · goldGrade: 0.98Grade Unit: g/tIntercept: 40 mView all details
Link to this fact

Identity

Hole ID
SFRC018
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
0.98
Grade Unit
g/t
Intercept
40 m
From
0 m
To
40 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC018:0-40

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A broad, near-surface gold intercept at Fairview North indicates mineralization potential.

Positive factors

  • Broad intercept (40m)
  • Moderate gold grade (0.98 g/t)
  • Near surface mineralization (from surface)

Evidence · text

“40m at 0.98g/t gold from surface in SFRC018”

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

SFRC018Fairview North Gold Prospect · goldGrade: 2.14Grade Unit: g/tIntercept: 14 mView all details
Link to this fact

Identity

Hole ID
SFRC018
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
2.14
Grade Unit
g/t
Intercept
14 m
From
16 m
To
30 m
Intercept Depth
16 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC018:16-30

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

Positive factors

  • Good intercept length (14m)
  • Strong gold grade (2.14 g/t)
  • Shallow mineralization (from 16m)

Evidence · text

“14m @ 2.14g/t gold from 16m”

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

SFRC018Fairview North Gold Prospect · goldGrade: 6.14Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
SFRC018
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
6.14
Grade Unit
g/t
Intercept
4 m
From
16 m
To
20 m
Intercept Depth
16 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC018:16-20

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

Positive factors

  • Bonanza grade (6.14 g/t gold)
  • Shallow mineralization (from 16m)

Evidence · text

“4m at 6.14g/t gold from 16m”

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

SFRC018Fairview North Gold Prospect · goldGrade: 18.6Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SFRC018
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
18.6
Grade Unit
g/t
Intercept
1 m
From
16 m
To
17 m
Intercept Depth
16 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC018:16-17

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

Positive factors

  • Bonanza grade (18.60 g/t gold)
  • Shallow mineralization (from 16m)

Evidence · text

“1m at 18.60g/t gold from 16m”

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

SFRC019Fairview North Gold Prospect · goldGrade: 0.98Grade Unit: g/tIntercept: 21 mView all details
Link to this fact

Identity

Hole ID
SFRC019
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
0.98
Grade Unit
g/t
Intercept
21 m
From
31 m
To
52 m
Intercept Depth
31 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC019:31-52

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length gold intercept at Fairview North indicates mineralization potential.

Positive factors

  • Good intercept length (21m)
  • Moderate gold grade (0.98 g/t)

Evidence · text

“21m at 0.98g/t gold from 31m drill depth in SFRC019”

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

SFRC019Fairview North Gold Prospect · goldGrade: 1.81Grade Unit: g/tIntercept: 10 mView all details
Link to this fact

Identity

Hole ID
SFRC019
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.81
Grade Unit
g/t
Intercept
10 m
From
42 m
To
52 m
Intercept Depth
42 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC019:42-52

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold intercept within a broader zone at Fairview North is a positive result.

Positive factors

  • Strong gold grade (1.81 g/t)
  • Good intercept length (10m)

Evidence · text

“10m at 1.81g/t gold 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

SFRC019Fairview North Gold Prospect · goldGrade: 6.64Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
SFRC019
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
6.64
Grade Unit
g/t
Intercept
2 m
From
42 m
To
44 m
Intercept Depth
42 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC019:42-44

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

Positive factors

  • Bonanza grade (6.64 g/t gold)

Evidence · text

“2m at 6.64g/t gold 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

SFRC034Fairview North Gold Prospect · goldGrade: 1.85Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
SFRC034
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.85
Grade Unit
g/t
Intercept
7 m
From
7 m
To
14 m
Intercept Depth
7 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC034:7-14

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong, shallow gold intercept at Fairview North extends the known mineralization to the north.

Positive factors

  • Strong gold grade (1.85 g/t)
  • Shallow mineralization (from 7m)

Evidence · text

“7m at 1.85g/t gold from 7m drill depth”

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

SFRC024Fairview North Gold Prospect · goldGrade: 1.35Grade Unit: g/tIntercept: 19 mView all details
Link to this fact

Identity

Hole ID
SFRC024
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.35
Grade Unit
g/t
Intercept
19 m
From
60 m
To
79 m
Intercept Depth
60 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC024:60-79

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length gold intercept at Fairview North extends the known mineralization to the south.

Positive factors

  • Good intercept length (19m)
  • Moderate gold grade (1.35 g/t)

Evidence · text

“19m at 1.35g/t gold from 60m drill depth”

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

SFRC024Fairview North Gold Prospect · goldGrade: 12.75Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SFRC024
Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

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

Classification

Program
exploration
Sample Type
drill
Group ID
SFRC024:60-61

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview North is a very positive result.

Positive factors

  • Bonanza grade (12.75 g/t gold)

Evidence · text

“1m at 12.75g/t gold from 60m”

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

SFSRC001multi-zone · goldGrade: 1.96Grade Unit: g/tIntercept: 40 mView all details
Link to this fact

Identity

Hole ID
SFSRC001
Project
multi-zone
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.96
Grade Unit
g/t
Intercept
40 m
From
0 m
To
40 m
Intercept Depth
0 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFSRC001:0-40

QA/QC

QP Signed
Yes

Compositing

Cutoff Grade
0.2
Cutoff Unit
g/t gold
Dilution Disclosed
Yes
Max Dilution
4 m

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A broad, near-surface gold intercept with strong grades at Fairview South indicates significant mineralization potential.

Positive factors

  • Broad intercept (40m)
  • Strong gold grade (1.96 g/t)
  • Near surface mineralization (from surface)
  • Compositing Transparent (cut-off and dilution disclosed)

Evidence · text

“40m at 1.96g/t gold from surface (0.20g/t gold, max 4m internal dilution)”

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

Compositing Transparentpositive

Cut-off grade and internal dilution rules are clearly stated for reported intervals.

Why it applies: cutoff_grade and internal dilution are both stated

SFSRC001multi-zone · goldGrade: 4.18Grade Unit: g/tIntercept: 17 mView all details
Link to this fact

Identity

Hole ID
SFSRC001
Project
multi-zone
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
4.18
Grade Unit
g/t
Intercept
17 m
From
9 m
To
26 m
Intercept Depth
9 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFSRC001:9-26

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview South is a very positive result.

Positive factors

  • Exceptional grade (4.18 g/t gold)
  • Good intercept length (17m)
  • Shallow mineralization (from 9m)

Evidence · text

“17m at 4.18g/t gold from 9m down-hole”

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

SFSRC001multi-zone · goldGrade: 7.15Grade Unit: g/tIntercept: 9 mView all details
Link to this fact

Identity

Hole ID
SFSRC001
Project
multi-zone
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
7.15
Grade Unit
g/t
Intercept
9 m
From
9 m
To
18 m
Intercept Depth
9 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFSRC001:9-18

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview South is a very positive result.

Positive factors

  • Bonanza grade (7.15 g/t gold)
  • Shallow mineralization (from 9m)

Evidence · text

“9m @ 7.15g/t gold from 9m down-hole”

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

SFSRC001multi-zone · goldGrade: 49.2Grade Unit: g/tIntercept: 1 mView all details
Link to this fact

Identity

Hole ID
SFSRC001
Project
multi-zone
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
49.2
Grade Unit
g/t
Intercept
1 m
From
10 m
To
11 m
Intercept Depth
10 m

Classification

Program
exploration
Sample Type
drill
Group ID
SFSRC001:10-11

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold intercept within a broader zone at Fairview South is a very positive result.

Positive factors

  • Bonanza grade (49.2 g/t gold)
  • Shallow mineralization (from 10m)

Evidence · text

“1m at 49.2g/t gold from 10m down-hole”

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 0.86Grade Unit: g/tIntercept: 29 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
0.86
Grade Unit
g/t
Intercept
29 m
From
46 m
To
75 m
Intercept Depth
46 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:46-75

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.86
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

Positive factors

  • Good intercept length (29m)
  • Moderate gold equivalent grade (0.86 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“0.86”

Context: 29.00

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 11Grade Unit: g/tIntercept: 29 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
11
Grade Unit
g/t
Intercept
29 m
From
46 m
To
75 m
Intercept Depth
46 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:46-75

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Positive factors

  • Good intercept length (29m)

Negative factors

  • Weak silver grade (11 g/t)

Evidence · table

“11.00”

Context: 29.00

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 1.09Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.09
Grade Unit
g/t
Intercept
16 m
From
46 m
To
62 m
Intercept Depth
46 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:46-62

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.09
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

Positive factors

  • Good intercept length (16m)
  • Moderate gold equivalent grade (1.09 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“1.09”

Context: 16.00

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 12.63Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
12.63
Grade Unit
g/t
Intercept
16 m
From
46 m
To
62 m
Intercept Depth
46 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:46-62

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Positive factors

  • Good intercept length (16m)

Negative factors

  • Weak silver grade (12.63 g/t)

Evidence · table

“12.63”

Context: 16.00

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 1.94Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.94
Grade Unit
g/t
Intercept
7 m
From
53 m
To
60 m
Intercept Depth
53 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:53-60

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.94
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold equivalent intercept at Freddy's Find indicates significant mineralization.

Positive factors

  • Strong gold equivalent grade (1.94 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“1.94”

Context: 7

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 13.7Grade Unit: g/tIntercept: 7 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
13.7
Grade Unit
g/t
Intercept
7 m
From
53 m
To
60 m
Intercept Depth
53 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:53-60

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Negative factors

  • Weak silver grade (13.7 g/t)

Evidence · table

“13.7”

Context: 7

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 2.31Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
2.31
Grade Unit
g/t
Intercept
4 m
From
56 m
To
60 m
Intercept Depth
56 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:56-60

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.31
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold equivalent intercept at Freddy's Find indicates significant mineralization.

Positive factors

  • Strong gold equivalent grade (2.31 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“2.31”

Context: 4

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 17.79Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
17.79
Grade Unit
g/t
Intercept
4 m
From
56 m
To
60 m
Intercept Depth
56 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:56-60

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Negative factors

  • Weak silver grade (17.79 g/t)

Evidence · table

“17.79”

Context: 4

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 1.35Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.35
Grade Unit
g/t
Intercept
4 m
From
70 m
To
74 m
Intercept Depth
70 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:70-74

QA/QC

QP Signed
Yes

Metal Equivalent

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

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A moderate gold equivalent intercept at Freddy's Find indicates mineralization potential.

Positive factors

  • Moderate gold equivalent grade (1.35 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“1.35”

Context: 4

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 19.7Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
19.7
Grade Unit
g/t
Intercept
4 m
From
70 m
To
74 m
Intercept Depth
70 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:70-74

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Negative factors

  • Weak silver grade (19.7 g/t)

Evidence · table

“19.7”

Context: 4

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 0.98Grade Unit: g/tIntercept: 22 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
0.98
Grade Unit
g/t
Intercept
22 m
From
113 m
To
135 m
Intercept Depth
113 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:113-135

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.98
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

Positive factors

  • Good intercept length (22m)
  • Moderate gold equivalent grade (0.98 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“0.98”

Context: 22

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 19.39Grade Unit: g/tIntercept: 22 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
19.39
Grade Unit
g/t
Intercept
22 m
From
113 m
To
135 m
Intercept Depth
113 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:113-135

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Positive factors

  • Good intercept length (22m)

Negative factors

  • Weak silver grade (19.39 g/t)

Evidence · table

“19.39”

Context: 22

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 1.21Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
1.21
Grade Unit
g/t
Intercept
16 m
From
113 m
To
129 m
Intercept Depth
113 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:113-129

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
1.21
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length gold equivalent intercept at Freddy's Find indicates mineralization potential.

Positive factors

  • Good intercept length (16m)
  • Moderate gold equivalent grade (1.21 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“1.21”

Context: 16

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 24.26Grade Unit: g/tIntercept: 16 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
24.26
Grade Unit
g/t
Intercept
16 m
From
113 m
To
129 m
Intercept Depth
113 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:113-129

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A good length silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Positive factors

  • Good intercept length (16m)

Negative factors

  • Weak silver grade (24.26 g/t)

Evidence · table

“24.26”

Context: 16

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 2.05Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
2.05
Grade Unit
g/t
Intercept
4 m
From
125 m
To
129 m
Intercept Depth
125 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:125-129

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.05
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold equivalent intercept at Freddy's Find indicates significant mineralization.

Positive factors

  • Strong gold equivalent grade (2.05 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“2.05”

Context: 4

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 46.5Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
46.5
Grade Unit
g/t
Intercept
4 m
From
125 m
To
129 m
Intercept Depth
125 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:125-129

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A moderate silver intercept at Freddy's Find contributes to the polymetallic potential.

Positive factors

  • Moderate silver grade (46.5 g/t)

Evidence · table

“46.5”

Context: 4

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

STRC0132Freddy’s Find Gold Prospect · goldGrade: 0.67Grade Unit: g/tIntercept: 45 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
0.67
Grade Unit
g/t
Intercept
45 m
From
113 m
To
158 m
Intercept Depth
113 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:113-158

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
0.67
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A broad gold equivalent intercept at Freddy's Find indicates significant mineralization potential.

Positive factors

  • Broad intercept (45m)
  • Moderate gold equivalent grade (0.67 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“0.67”

Context: 45

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STRC0132Freddy’s Find Gold Prospect · silverGrade: 11.8Grade Unit: g/tIntercept: 45 mView all details
Link to this fact

Identity

Hole ID
STRC0132
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
11.8
Grade Unit
g/t
Intercept
45 m
From
113 m
To
158 m
Intercept Depth
113 m

Classification

Program
exploration
Sample Type
drill
Group ID
STRC0132:113-158

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A broad silver intercept at Freddy's Find, though low grade, contributes to the polymetallic potential.

Positive factors

  • Broad intercept (45m)

Negative factors

  • Weak silver grade (11.8 g/t)

Evidence · table

“11.8”

Context: 45

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

STAC0115Freddy’s Find Gold Prospect · goldGrade: 2.29Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STAC0115
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
2.29
Grade Unit
g/t
Intercept
4 m
From
96 m
To
100 m
Intercept Depth
96 m

Classification

Program
exploration
Sample Type
drill
Group ID
STAC0115:96-100

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
2.29
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A strong gold equivalent intercept from earlier air-core drilling at Freddy's Find indicates significant mineralization.

Positive factors

  • Strong gold equivalent grade (2.29 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“2.29”

Context: 4

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STAC0115Freddy’s Find Gold Prospect · silverGrade: 6.9Grade Unit: g/tIntercept: 4 mView all details
Link to this fact

Identity

Hole ID
STAC0115
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
6.9
Grade Unit
g/t
Intercept
4 m
From
96 m
To
100 m
Intercept Depth
96 m

Classification

Program
exploration
Sample Type
drill
Group ID
STAC0115:96-100

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A silver intercept from earlier air-core drilling at Freddy's Find, though low grade, contributes to the polymetallic potential.

Negative factors

  • Weak silver grade (6.9 g/t)

Evidence · table

“6.9”

Context: 4

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

STAC0115Freddy’s Find Gold Prospect · goldGrade: 4.07Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
STAC0115
Project
Freddy’s Find Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
4.07
Grade Unit
g/t
Intercept
2 m
From
98 m
To
100 m
Intercept Depth
98 m

Classification

Program
exploration
Sample Type
drill
Group ID
STAC0115:98-100

QA/QC

QP Signed
Yes

Metal Equivalent

Metal Eq. Grade
4.07
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: An exceptionally high-grade gold equivalent intercept from earlier air-core drilling at Freddy's Find is a very positive result.

Positive factors

  • Exceptional gold equivalent grade (4.07 g/t AuEq)

Negative factors

  • Metal Equivalent Opaque (assumptions not disclosed)

Evidence · table

“4.07”

Context: 2

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

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used.

Why it applies: an equivalent grade is reported without its assumptions

STAC0115Freddy’s Find Gold Prospect · silverGrade: 9.3Grade Unit: g/tIntercept: 2 mView all details
Link to this fact

Identity

Hole ID
STAC0115
Project
Freddy’s Find Gold Prospect
Commodity
silver
Region
australia_vic
Reported Region
australia_vic
Ticker
SVY

Geometry

Grade
9.3
Grade Unit
g/t
Intercept
2 m
From
98 m
To
100 m
Intercept Depth
98 m

Classification

Program
exploration
Sample Type
drill
Group ID
STAC0115:98-100

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

Needs Review
No
Interp. Status
scored
Historical
No

Dates

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

Reasoning: A silver intercept from earlier air-core drilling at Freddy's Find, though low grade, contributes to the polymetallic potential.

Negative factors

  • Weak silver grade (9.3 g/t)

Evidence · table

“9.3”

Context: 2

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 49Hawkstone · copperGrade: 0.62Grade Unit: %Intercept: 1 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Hawkstone
Commodity
copper
Region
australia_wa
Reported Region
australia_wa
Ticker
SVY

Geometry

Grade
0.62
Grade Unit
%
Intercept
1 m
From
45 m
To
46 m
Intercept Depth
45 m

Classification

Program
exploration
Sample Type
drill
Group ID
Hawkstone:45-46

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

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

Dates

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

Reasoning: A historical narrow, high-grade copper intercept at Hawkstone indicates mineralization, but is not new information.

Positive factors

  • Good copper grade (0.62%)

Negative factors

  • Narrow intercept (1m)
  • Historical result

Evidence · text

“RC drilling returning 1m at 0.62% Cu, 0.03% Co and 7g/t Ag from 45m”

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 50Hawkstone · cobaltGrade: 0.03Grade Unit: %Intercept: 1 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Hawkstone
Commodity
cobalt
Region
australia_wa
Reported Region
australia_wa
Ticker
SVY

Geometry

Grade
0.03
Grade Unit
%
Intercept
1 m
From
45 m
To
46 m
Intercept Depth
45 m

Classification

Program
exploration
Sample Type
drill
Group ID
Hawkstone:45-46

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

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

Dates

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

Reasoning: A historical narrow, low-grade cobalt intercept at Hawkstone indicates mineralization, but is not new information.

Negative factors

  • Narrow intercept (1m)
  • Low cobalt grade (0.03%)
  • Historical result

Evidence · text

“RC drilling returning 1m at 0.62% Cu, 0.03% Co and 7g/t Ag from 45m”

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 51Hawkstone · silverGrade: 7Grade Unit: g/tIntercept: 1 mHistorical resultNeeds review: drill_no_hole_idView all details
Link to this fact

Identity

Project
Hawkstone
Commodity
silver
Region
australia_wa
Reported Region
australia_wa
Ticker
SVY

Geometry

Grade
7
Grade Unit
g/t
Intercept
1 m
From
45 m
To
46 m
Intercept Depth
45 m

Classification

Program
exploration
Sample Type
drill
Group ID
Hawkstone:45-46

QA/QC

QP Signed
Yes

Compositing

Dilution Disclosed
Yes

Review

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

Dates

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

Reasoning: A historical narrow, low-grade silver intercept at Hawkstone indicates mineralization, but is not new information.

Negative factors

  • Narrow intercept (1m)
  • Low silver grade (7 g/t)
  • Historical result

Evidence · text

“RC drilling returning 1m at 0.62% Cu, 0.03% Co and 7g/t Ag from 45m”

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

Resource Estimates (71)

indicatedStavely Copper-Gold Project · copperTonnes: 31000000Grade: 0.5Grade Unit: %Contained Metal: 160Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Copper-Gold Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:379c3284d9d7d218c3a8
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
31000000
Grade
0.5
Grade Unit
%
Contained Metal
160
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17
Prior Tonnes
21500000
Prior Grade
0.61
Prior Contained Metal
130
Prior Cutoff Grade
1

Metal Equivalent

Metal Eq. Grade
0.64
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated resource for copper shows a substantial increase in tonnage and contained metal compared to the prior estimate, indicating significant growth and de-risking of the project.

Positive factors

  • Significant tonnage increase (44% vs prior)
  • Significant contained metal increase (23% vs prior)
  • High confidence category (Indicated)

Evidence · table

“0.50”

Context: 31

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

Tonnage Growthpositive

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

Why it applies: 31000000 against 21500000 previously

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.5 against 0.61 previously

Contained Metal Growthpositive

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

Why it applies: 160 against 130 previously

Cut-off Lowerednegative

Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.

Why it applies: 0.2 against 1 previously

indicatedStavely Copper-Gold Project · goldTonnes: 31000000Grade: 0.1Grade Unit: g/tContained Metal: 110Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Copper-Gold Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:379c3284d9d7d218c3a8
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
31000000
Grade
0.1
Grade Unit
g/t
Contained Metal
110
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17
Prior Grade
0.1
Prior Contained Metal
67

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated gold resource shows a substantial increase in contained metal, contributing positively to the overall project value.

Positive factors

  • Significant contained metal increase (64% vs prior)
  • High confidence category (Indicated)

Evidence · table

“0.10”

Context: 31

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

Contained Metal Growthpositive

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

Why it applies: 110 against 67 previously

indicatedStavely Copper-Gold Project · silverTonnes: 31000000Grade: 3.4Grade Unit: g/tContained Metal: 3.4Contained Unit: mozView all details
Link to this fact

Identity

Project
Stavely Copper-Gold Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:379c3284d9d7d218c3a8
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
31000000
Grade
3.4
Grade Unit
g/t
Contained Metal
3.4
Contained Unit
moz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17
Prior Grade
3.1
Prior Contained Metal
2.2

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated silver resource shows a substantial increase in contained metal, contributing positively to the overall project value.

Positive factors

  • Significant contained metal increase (55% vs prior)
  • High confidence category (Indicated)

Evidence · table

“3.4”

Context: 31

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

Grade Improvementpositive

Average resource grade improved vs prior estimate — better deposit economics.

Why it applies: 3.4 against 3.1 previously

Contained Metal Growthpositive

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

Why it applies: 3.4 against 2.2 previously

inferredStavely Copper-Gold Project · copperTonnes: 28000000Grade: 0.36Grade Unit: %Contained Metal: 100Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Copper-Gold Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:8564f10115e9b8027a8c
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
28000000
Grade
0.36
Grade Unit
%
Contained Metal
100
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17
Prior Tonnes
6800000
Prior Grade
1.2
Prior Contained Metal
80
Prior Cutoff Grade
1

Metal Equivalent

Metal Eq. Grade
0.45
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred copper resource shows a very large increase in tonnage and contained metal, but with a notable decrease in grade, suggesting inclusion of lower-grade material.

Positive factors

  • Significant tonnage increase (312% vs prior)
  • Contained metal increase (25% vs prior)

Negative factors

  • Grade decline (69% vs prior)

Evidence · table

“0.36”

Context: 28

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

Tonnage Growthpositive

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

Why it applies: 28000000 against 6800000 previously

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.36 against 1.2 previously

Contained Metal Growthpositive

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

Why it applies: 100 against 80 previously

Cut-off Lowerednegative

Cut-off grade significantly reduced vs prior estimate — tonnage growth may be artificial inflation.

Why it applies: 0.2 against 1 previously

inferredStavely Copper-Gold Project · goldTonnes: 28000000Grade: 0.06Grade Unit: g/tContained Metal: 52Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Copper-Gold Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:8564f10115e9b8027a8c
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
28000000
Grade
0.06
Grade Unit
g/t
Contained Metal
52
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17
Prior Grade
0.1
Prior Contained Metal
33

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred gold resource shows a substantial increase in contained metal, but with a decrease in grade, indicating broader, lower-grade mineralization.

Positive factors

  • Significant contained metal increase (58% vs prior)

Negative factors

  • Grade decline (40% vs prior)

Evidence · table

“0.06”

Context: 28

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

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 0.06 against 0.1 previously

Contained Metal Growthpositive

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

Why it applies: 52 against 33 previously

inferredStavely Copper-Gold Project · silverTonnes: 28000000Grade: 2Grade Unit: g/tContained Metal: 1.9Contained Unit: mozView all details
Link to this fact

Identity

Project
Stavely Copper-Gold Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:8564f10115e9b8027a8c
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
28000000
Grade
2
Grade Unit
g/t
Contained Metal
1.9
Contained Unit
moz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17
Prior Grade
4.7
Prior Contained Metal
1

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred silver resource shows a substantial increase in contained metal, but with a decrease in grade, indicating broader, lower-grade mineralization.

Positive factors

  • Significant contained metal increase (90% vs prior)

Negative factors

  • Grade decline (57% vs prior)

Evidence · table

“2.0”

Context: 28

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

Grade Declinenegative

Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.

Why it applies: 2 against 4.7 previously

Contained Metal Growthpositive

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

Why it applies: 1.9 against 1 previously

indicatedArarat Project · copperTonnes: 260000Grade: 2Grade Unit: %Contained Metal: 5.3Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:241c451c4fdae208e1d0
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
260000
Grade
2
Grade Unit
%
Contained Metal
5.3
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a high-grade but small historical Indicated resource for copper at Carroll's, not updated in the current report.

Positive factors

  • High-grade copper (2.0%)

Negative factors

  • Small tonnage (0.26 Mt)
  • Historical estimate, not updated in 2026

Evidence · table

“2.0”

Context: 260

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

indicatedArarat Project · goldTonnes: 260000Grade: 0.5Grade Unit: g/tContained Metal: 3.9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:241c451c4fdae208e1d0
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
260000
Grade
0.5
Grade Unit
g/t
Contained Metal
3.9
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Indicated resource for gold at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (3.9 koz)
  • Historical estimate, not updated in 2026

Evidence · table

“0.5”

Context: 260

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

indicatedArarat Project · zincTonnes: 260000Grade: 0.3Grade Unit: %Contained Metal: 0.8Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
zinc
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:241c451c4fdae208e1d0
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
260000
Grade
0.3
Grade Unit
%
Contained Metal
0.8
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Indicated resource for zinc at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (0.8 kt)
  • Historical estimate, not updated in 2026

Evidence · table

“0.3”

Context: 260

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

indicatedArarat Project · silverTonnes: 260000Grade: 5.3Grade Unit: g/tContained Metal: 44.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:241c451c4fdae208e1d0
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
260000
Grade
5.3
Grade Unit
g/t
Contained Metal
44.3
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Indicated resource for silver at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (44.3 koz)
  • Historical estimate, not updated in 2026

Evidence · table

“5.3”

Context: 260

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · copperTonnes: 131000Grade: 2.1Grade Unit: %Contained Metal: 2.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
2.1
Grade Unit
%
Contained Metal
2.7
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a high-grade but small historical Inferred resource for copper in oxide material at Carroll's, not updated in the current report.

Positive factors

  • High-grade copper (2.1%)

Negative factors

  • Small tonnage (0.131 Mt)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“2.1”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · goldTonnes: 131000Grade: 0.3Grade Unit: g/tContained Metal: 1.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
0.3
Grade Unit
g/t
Contained Metal
1.3
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for gold in oxide material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (1.3 koz)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.3”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · zincTonnes: 131000Grade: 0.2Grade Unit: %Contained Metal: 0.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
zinc
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
0.2
Grade Unit
%
Contained Metal
0.2
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for zinc in oxide material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (0.2 kt)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.2”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · silverTonnes: 131000Grade: 2.9Grade Unit: g/tContained Metal: 12.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
2.9
Grade Unit
g/t
Contained Metal
12.3
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for silver in oxide material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (12.3 koz)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“2.9”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · copperTonnes: 617000Grade: 2.3Grade Unit: %Contained Metal: 14.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
2.3
Grade Unit
%
Contained Metal
14.1
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a high-grade historical Inferred resource for copper in fresh material at Carroll's, not updated in the current report.

Positive factors

  • High-grade copper (2.3%)

Negative factors

  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“2.3”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · goldTonnes: 617000Grade: 0.4Grade Unit: g/tContained Metal: 8.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
0.4
Grade Unit
g/t
Contained Metal
8.7
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for gold in fresh material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (8.7 koz)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.4”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · zincTonnes: 617000Grade: 0.2Grade Unit: %Contained Metal: 1.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
zinc
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
0.2
Grade Unit
%
Contained Metal
1.4
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for zinc in fresh material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (1.4 kt)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.2”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · silverTonnes: 617000Grade: 6.3Grade Unit: g/tContained Metal: 124.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
6.3
Grade Unit
g/t
Contained Metal
124.7
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a historical Inferred resource for silver in fresh material at Carroll's, not updated in the current report.

Negative factors

  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“6.3”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · copperTonnes: 131000Grade: 2.1Grade Unit: %Contained Metal: 2.7Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
2.1
Grade Unit
%
Contained Metal
2.7
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a high-grade but small historical Inferred resource for copper in oxide material at Carroll's, not updated in the current report.

Positive factors

  • High-grade copper (2.1%)

Negative factors

  • Small tonnage (0.131 Mt)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“2.1”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · goldTonnes: 131000Grade: 0.3Grade Unit: g/tContained Metal: 1.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
0.3
Grade Unit
g/t
Contained Metal
1.3
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for gold in oxide material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (1.3 koz)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.3”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · zincTonnes: 131000Grade: 0.2Grade Unit: %Contained Metal: 0.2Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
zinc
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
0.2
Grade Unit
%
Contained Metal
0.2
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for zinc in oxide material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (0.2 kt)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.2”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · silverTonnes: 131000Grade: 2.9Grade Unit: g/tContained Metal: 12.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:22ec7877aa1480de64dd
Deposit or zone
Carroll's prospect
Material type
oxide
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
131000
Grade
2.9
Grade Unit
g/t
Contained Metal
12.3
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for silver in oxide material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (12.3 koz)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“2.9”

Context: 131

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · copperTonnes: 617000Grade: 2.3Grade Unit: %Contained Metal: 14.1Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
2.3
Grade Unit
%
Contained Metal
14.1
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a high-grade historical Inferred resource for copper in fresh material at Carroll's, not updated in the current report.

Positive factors

  • High-grade copper (2.3%)

Negative factors

  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“2.3”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · goldTonnes: 617000Grade: 0.4Grade Unit: g/tContained Metal: 8.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
0.4
Grade Unit
g/t
Contained Metal
8.7
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for gold in fresh material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (8.7 koz)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.4”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · zincTonnes: 617000Grade: 0.2Grade Unit: %Contained Metal: 1.4Contained Unit: ktHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
zinc
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
0.2
Grade Unit
%
Contained Metal
1.4
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a small historical Inferred resource for zinc in fresh material at Carroll's, not updated in the current report.

Negative factors

  • Small contained metal (1.4 kt)
  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“0.2”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

inferredArarat Project · silverTonnes: 617000Grade: 6.3Grade Unit: g/tContained Metal: 124.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Ararat Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:48a0f2115a63ee0f247e
Deposit or zone
Carroll's prospect
Material type
fresh
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
617000
Grade
6.3
Grade Unit
g/t
Contained Metal
124.7
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% Cu

Prior Estimate

Resource Date
2021-09-01

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2022-06-14T00:00:00.000Z

Dates

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

Reasoning: This is a historical Inferred resource for silver in fresh material at Carroll's, not updated in the current report.

Negative factors

  • Inferred category (lower confidence)
  • Historical estimate, not updated in 2026

Evidence · table

“6.3”

Context: 617

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

Stale Estimatenegative

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

Why it applies: effective date is 5.1 years before this release

indicatedStavely Project · copperTonnes: 32000000Grade: 0.49Grade Unit: %Contained Metal: 150Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:3ac71daf9c094b26a2df
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
32000000
Grade
0.49
Grade Unit
%
Contained Metal
150
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
0.62
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated copper resource for Thursday's Gossan is substantial in tonnage and grade, forming a strong foundation for the project.

Positive factors

  • Large tonnage (32 Mt)
  • High confidence category (Indicated)
  • Good copper grade (0.49%)

Evidence · table

“0.49”

Context: 32

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

indicatedStavely Project · goldTonnes: 32000000Grade: 0.1Grade Unit: g/tContained Metal: 102Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:3ac71daf9c094b26a2df
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
32000000
Grade
0.1
Grade Unit
g/t
Contained Metal
102
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated gold resource for Thursday's Gossan adds significant value to the polymetallic deposit.

Positive factors

  • Significant contained gold (102 koz)
  • High confidence category (Indicated)

Evidence · table

“0.10”

Context: 32

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

indicatedStavely Project · silverTonnes: 32000000Grade: 3.3Grade Unit: g/tContained Metal: 3400Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:3ac71daf9c094b26a2df
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
32000000
Grade
3.3
Grade Unit
g/t
Contained Metal
3400
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated silver resource for Thursday's Gossan adds significant value to the polymetallic deposit.

Positive factors

  • Significant contained silver (3.4 Moz)
  • High confidence category (Indicated)

Evidence · table

“3.3”

Context: 32

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

inferredStavely Project · copperTonnes: 27000000Grade: 0.31Grade Unit: %Contained Metal: 83Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:68e3b4c82f667342222a
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
27000000
Grade
0.31
Grade Unit
%
Contained Metal
83
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
0.38
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred copper resource for Thursday's Gossan adds substantial tonnage and contained metal, indicating further potential.

Positive factors

  • Large tonnage (27 Mt)
  • Significant contained copper (83 kt)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“0.31”

Context: 27

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

inferredStavely Project · goldTonnes: 27000000Grade: 0.05Grade Unit: g/tContained Metal: 42Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:68e3b4c82f667342222a
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
27000000
Grade
0.05
Grade Unit
g/t
Contained Metal
42
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred gold resource for Thursday's Gossan adds to the overall gold endowment, albeit at a lower confidence level.

Positive factors

  • Significant contained gold (42 koz)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“0.05”

Context: 27

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

inferredStavely Project · silverTonnes: 27000000Grade: 1.9Grade Unit: g/tContained Metal: 1600Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:68e3b4c82f667342222a
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
27000000
Grade
1.9
Grade Unit
g/t
Contained Metal
1600
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred silver resource for Thursday's Gossan adds to the overall silver endowment, albeit at a lower confidence level.

Positive factors

  • Significant contained silver (1.6 Moz)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“1.9”

Context: 27

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

inferredStavely Project · copperTonnes: 1600000Grade: 1.3Grade Unit: %Contained Metal: 21Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:957a4f39984934ca787c
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000
Grade
1.3
Grade Unit
%
Contained Metal
21
Contained Unit
kt
Cutoff Grade
0.7
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
1.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground copper resource shows high grades, indicating potential for future underground development.

Positive factors

  • High-grade copper (1.3%)
  • Potential for underground development

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“1.3”

Context: 1.6

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

inferredStavely Project · goldTonnes: 1600000Grade: 0.2Grade Unit: g/tContained Metal: 10Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:957a4f39984934ca787c
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000
Grade
0.2
Grade Unit
g/t
Contained Metal
10
Contained Unit
koz
Cutoff Grade
0.7
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground gold resource adds to the overall gold endowment, albeit at a lower confidence level.

Negative factors

  • Small contained metal (10 koz)
  • Inferred category (lower confidence)

Evidence · table

“0.20”

Context: 1.6

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

inferredStavely Project · silverTonnes: 1600000Grade: 4.6Grade Unit: g/tContained Metal: 230Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:957a4f39984934ca787c
Deposit or zone
Thursday's Gossan
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000
Grade
4.6
Grade Unit
g/t
Contained Metal
230
Contained Unit
koz
Cutoff Grade
0.7
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground silver resource adds to the overall silver endowment, albeit at a lower confidence level.

Negative factors

  • Small contained metal (230 koz)
  • Inferred category (lower confidence)

Evidence · table

“4.6”

Context: 1.6

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

indicatedStavely Project · copperTonnes: 6100000Grade: 1.2Grade Unit: %Contained Metal: 74Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:02ddbd3a7827e14f1a65
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
6100000
Grade
1.2
Grade Unit
%
Contained Metal
74
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
1.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated copper resource for the Cayley Lode shows high grades and significant contained metal, forming a key part of the project.

Positive factors

  • High-grade copper (1.2%)
  • High confidence category (Indicated)
  • Significant contained copper (74 kt)

Evidence · table

“1.2”

Context: 6.1

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

indicatedStavely Project · goldTonnes: 6100000Grade: 0.3Grade Unit: g/tContained Metal: 59Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:02ddbd3a7827e14f1a65
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
6100000
Grade
0.3
Grade Unit
g/t
Contained Metal
59
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated gold resource for the Cayley Lode adds significant value to the polymetallic deposit.

Positive factors

  • Significant contained gold (59 koz)
  • High confidence category (Indicated)

Evidence · table

“0.30”

Context: 6.1

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

indicatedStavely Project · silverTonnes: 6100000Grade: 9.6Grade Unit: g/tContained Metal: 1900Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:02ddbd3a7827e14f1a65
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
6100000
Grade
9.6
Grade Unit
g/t
Contained Metal
1900
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated silver resource for the Cayley Lode adds significant value to the polymetallic deposit.

Positive factors

  • Significant contained silver (1.9 Moz)
  • High confidence category (Indicated)

Evidence · table

“9.6”

Context: 6.1

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

inferredStavely Project · copperTonnes: 1500000Grade: 1.4Grade Unit: %Contained Metal: 20Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:aaeae000481038dea899
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000
Grade
1.4
Grade Unit
%
Contained Metal
20
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
1.7
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred copper resource for the Cayley Lode shows high grades, indicating further potential.

Positive factors

  • High-grade copper (1.4%)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“1.4”

Context: 1.5

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

inferredStavely Project · goldTonnes: 1500000Grade: 0.25Grade Unit: g/tContained Metal: 12Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:aaeae000481038dea899
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000
Grade
0.25
Grade Unit
g/t
Contained Metal
12
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred gold resource for the Cayley Lode adds to the overall gold endowment, albeit at a lower confidence level.

Negative factors

  • Small contained metal (12 koz)
  • Inferred category (lower confidence)

Evidence · table

“0.25”

Context: 1.5

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

inferredStavely Project · silverTonnes: 1500000Grade: 8.3Grade Unit: g/tContained Metal: 390Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:aaeae000481038dea899
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1500000
Grade
8.3
Grade Unit
g/t
Contained Metal
390
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred silver resource for the Cayley Lode adds to the overall silver endowment, albeit at a lower confidence level.

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“8.3”

Context: 1.5

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

inferredStavely Project · copperTonnes: 1600000Grade: 1.3Grade Unit: %Contained Metal: 21Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:d5cdd641526bf860e0ab
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000
Grade
1.3
Grade Unit
%
Contained Metal
21
Contained Unit
kt
Cutoff Grade
0.7
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
1.6
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground copper resource for the Cayley Lode shows high grades, indicating potential for future underground development.

Positive factors

  • High-grade copper (1.3%)
  • Potential for underground development

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“1.3”

Context: 1.6

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

inferredStavely Project · goldTonnes: 1600000Grade: 0.2Grade Unit: g/tContained Metal: 10Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:d5cdd641526bf860e0ab
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000
Grade
0.2
Grade Unit
g/t
Contained Metal
10
Contained Unit
koz
Cutoff Grade
0.7
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground gold resource for the Cayley Lode adds to the overall gold endowment, albeit at a lower confidence level.

Negative factors

  • Small contained metal (10 koz)
  • Inferred category (lower confidence)

Evidence · table

“0.20”

Context: 1.6

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

inferredStavely Project · silverTonnes: 1600000Grade: 4.6Grade Unit: g/tContained Metal: 230Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:d5cdd641526bf860e0ab
Deposit or zone
Cayley Lode
Material type
Primary Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1600000
Grade
4.6
Grade Unit
g/t
Contained Metal
230
Contained Unit
koz
Cutoff Grade
0.7
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground silver resource for the Cayley Lode adds to the overall silver endowment, albeit at a lower confidence level.

Negative factors

  • Small contained metal (230 koz)
  • Inferred category (lower confidence)

Evidence · table

“4.6”

Context: 1.6

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

indicatedStavely Project · copperTonnes: 9500000Grade: 0.18Grade Unit: %Contained Metal: 17Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:4fe2f304b381d22f5730
Deposit or zone
Low-Grade In-Pit Domains
Material type
Primary Low-Grade Mineralisation
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9500000
Grade
0.18
Grade Unit
%
Contained Metal
17
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
0.28
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This new Indicated resource for low-grade copper adds significant tonnage to the project, expanding the overall resource base.

Positive factors

  • New resource category for low-grade material
  • Adds significant tonnage (9.5 Mt)

Negative factors

  • Low copper grade (0.18%)

Evidence · table

“0.18”

Context: 9.5

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

indicatedStavely Project · goldTonnes: 9500000Grade: 0.08Grade Unit: g/tContained Metal: 23Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:4fe2f304b381d22f5730
Deposit or zone
Low-Grade In-Pit Domains
Material type
Primary Low-Grade Mineralisation
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9500000
Grade
0.08
Grade Unit
g/t
Contained Metal
23
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This new Indicated resource for low-grade gold adds to the overall gold endowment, expanding the resource base.

Positive factors

  • New resource category for low-grade material

Negative factors

  • Low gold grade (0.08 g/t)

Evidence · table

“0.08”

Context: 9.5

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

indicatedStavely Project · silverTonnes: 9500000Grade: 2.1Grade Unit: g/tContained Metal: 650Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:4fe2f304b381d22f5730
Deposit or zone
Low-Grade In-Pit Domains
Material type
Primary Low-Grade Mineralisation
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
9500000
Grade
2.1
Grade Unit
g/t
Contained Metal
650
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This new Indicated resource for low-grade silver adds to the overall silver endowment, expanding the resource base.

Positive factors

  • New resource category for low-grade material

Negative factors

  • Low silver grade (2.1 g/t)

Evidence · table

“2.1”

Context: 9.5

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

inferredStavely Project · copperTonnes: 18300000Grade: 0.21Grade Unit: %Contained Metal: 39Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:4609a167914cbc8b8aa4
Deposit or zone
Low-Grade In-Pit Domains
Material type
Primary Low-Grade Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
18300000
Grade
0.21
Grade Unit
%
Contained Metal
39
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
0.27
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This new Inferred resource for low-grade copper adds substantial tonnage to the project, expanding the overall resource base.

Positive factors

  • New resource category for low-grade material
  • Adds significant tonnage (18.3 Mt)

Negative factors

  • Low copper grade (0.21%)
  • Inferred category (lower confidence)

Evidence · table

“0.21”

Context: 18.3

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

inferredStavely Project · goldTonnes: 18300000Grade: 0.04Grade Unit: g/tContained Metal: 26Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:4609a167914cbc8b8aa4
Deposit or zone
Low-Grade In-Pit Domains
Material type
Primary Low-Grade Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
18300000
Grade
0.04
Grade Unit
g/t
Contained Metal
26
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This new Inferred resource for low-grade gold adds to the overall gold endowment, expanding the resource base.

Positive factors

  • New resource category for low-grade material

Negative factors

  • Low gold grade (0.04 g/t)
  • Inferred category (lower confidence)

Evidence · table

“0.04”

Context: 18.3

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

inferredStavely Project · silverTonnes: 18300000Grade: 1.6Grade Unit: g/tContained Metal: 950Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:4609a167914cbc8b8aa4
Deposit or zone
Low-Grade In-Pit Domains
Material type
Primary Low-Grade Mineralisation
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
18300000
Grade
1.6
Grade Unit
g/t
Contained Metal
950
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: This new Inferred resource for low-grade silver adds to the overall silver endowment, expanding the resource base.

Positive factors

  • New resource category for low-grade material

Negative factors

  • Low silver grade (1.6 g/t)
  • Inferred category (lower confidence)

Evidence · table

“1.6”

Context: 18.3

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

indicatedStavely Project · copperTonnes: 16000000Grade: 0.4Grade Unit: %Contained Metal: 63Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:ee15dbcec30987a5fb7f
Deposit or zone
Chalcocite Blanket
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
0.4
Grade Unit
%
Contained Metal
63
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
0.44
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated copper resource for the Chalcocite Blanket adds significant tonnage and contained metal to the project.

Positive factors

  • Significant tonnage (16 Mt)
  • High confidence category (Indicated)
  • Good copper grade (0.40%)

Evidence · table

“0.40”

Context: 16

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

indicatedStavely Project · goldTonnes: 16000000Grade: 0.04Grade Unit: g/tContained Metal: 20Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:ee15dbcec30987a5fb7f
Deposit or zone
Chalcocite Blanket
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
0.04
Grade Unit
g/t
Contained Metal
20
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated gold resource for the Chalcocite Blanket is low grade, but contributes to the overall gold endowment.

Negative factors

  • Low gold grade (0.04 g/t)

Evidence · table

“0.04”

Context: 16

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

indicatedStavely Project · silverTonnes: 16000000Grade: 1.7Grade Unit: g/tContained Metal: 830Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:ee15dbcec30987a5fb7f
Deposit or zone
Chalcocite Blanket
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
1.7
Grade Unit
g/t
Contained Metal
830
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated silver resource for the Chalcocite Blanket is low grade, but contributes to the overall silver endowment.

Negative factors

  • Low silver grade (1.7 g/t)

Evidence · table

“1.7”

Context: 16

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

inferredStavely Project · copperTonnes: 6800000Grade: 0.36Grade Unit: %Contained Metal: 25Contained Unit: ktView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:6b02b2bca32d63305238
Deposit or zone
Chalcocite Blanket
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6800000
Grade
0.36
Grade Unit
%
Contained Metal
25
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred copper resource for the Chalcocite Blanket adds significant tonnage and contained metal to the project.

Positive factors

  • Significant tonnage (6.8 Mt)
  • Good copper grade (0.36%)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“0.36”

Context: 6.8

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

inferredStavely Project · goldTonnes: 6800000Grade: 0.02Grade Unit: g/tContained Metal: 4.7Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:6b02b2bca32d63305238
Deposit or zone
Chalcocite Blanket
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6800000
Grade
0.02
Grade Unit
g/t
Contained Metal
4.7
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred gold resource for the Chalcocite Blanket is low grade, but contributes to the overall gold endowment.

Negative factors

  • Low gold grade (0.02 g/t)
  • Inferred category (lower confidence)

Evidence · table

“0.02”

Context: 6.8

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

inferredStavely Project · silverTonnes: 6800000Grade: 1.4Grade Unit: g/tContained Metal: 300Contained Unit: kozView all details
Link to this fact

Identity

Project
Stavely Project
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:6b02b2bca32d63305238
Deposit or zone
Chalcocite Blanket
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6800000
Grade
1.4
Grade Unit
g/t
Contained Metal
300
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-03-17

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred silver resource for the Chalcocite Blanket is low grade, but contributes to the overall silver endowment.

Negative factors

  • Low silver grade (1.4 g/t)
  • Inferred category (lower confidence)

Evidence · table

“1.4”

Context: 6.8

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

indicatedThursday's Gossan · copperTonnes: 16000000Grade: 0.59Grade Unit: %Contained Metal: 91Contained Unit: ktView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:dceb466591c6012bde0c
Deposit or zone
Primary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
0.59
Grade Unit
%
Contained Metal
91
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Metal Eq. Grade
0.79
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated copper resource for primary mineralization in the open pit at Thursday's Gossan is substantial and high-grade.

Positive factors

  • High confidence category (Indicated)
  • Good copper grade (0.59%)
  • Significant contained copper (91 kt)

Evidence · table

“0.59”

Context: 16

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

indicatedThursday's Gossan · goldTonnes: 16000000Grade: 0.16Grade Unit: g/tContained Metal: 82Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:dceb466591c6012bde0c
Deposit or zone
Primary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
0.16
Grade Unit
g/t
Contained Metal
82
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated gold resource for primary mineralization in the open pit at Thursday's Gossan adds significant value.

Positive factors

  • Significant contained gold (82 koz)
  • High confidence category (Indicated)

Evidence · table

“0.16”

Context: 16

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

indicatedThursday's Gossan · silverTonnes: 16000000Grade: 5.1Grade Unit: g/tContained Metal: 2500Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:dceb466591c6012bde0c
Deposit or zone
Primary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
5.1
Grade Unit
g/t
Contained Metal
2500
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated silver resource for primary mineralization in the open pit at Thursday's Gossan adds significant value.

Positive factors

  • Significant contained silver (2.5 Moz)
  • High confidence category (Indicated)

Evidence · table

“5.1”

Context: 16

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

inferredThursday's Gossan · copperTonnes: 20000000Grade: 0.3Grade Unit: %Contained Metal: 58Contained Unit: ktView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:155e5aac81f30d819dab
Deposit or zone
Primary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
20000000
Grade
0.3
Grade Unit
%
Contained Metal
58
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Metal Eq. Grade
0.37
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred copper resource for primary mineralization in the open pit at Thursday's Gossan adds substantial tonnage and contained metal.

Positive factors

  • Large tonnage (20 Mt)
  • Significant contained copper (58 kt)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“0.30”

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

inferredThursday's Gossan · goldTonnes: 20000000Grade: 0.059Grade Unit: g/tContained Metal: 37Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:155e5aac81f30d819dab
Deposit or zone
Primary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
20000000
Grade
0.059
Grade Unit
g/t
Contained Metal
37
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred gold resource for primary mineralization in the open pit at Thursday's Gossan adds to the overall gold endowment.

Positive factors

  • Significant contained gold (37 koz)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“0.059”

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

inferredThursday's Gossan · silverTonnes: 20000000Grade: 2.1Grade Unit: g/tContained Metal: 1300Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:155e5aac81f30d819dab
Deposit or zone
Primary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
20000000
Grade
2.1
Grade Unit
g/t
Contained Metal
1300
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred silver resource for primary mineralization in the open pit at Thursday's Gossan adds to the overall silver endowment.

Positive factors

  • Significant contained silver (1.3 Moz)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“2.1”

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

indicatedThursday's Gossan · copperTonnes: 16000000Grade: 0.4Grade Unit: %Contained Metal: 62Contained Unit: ktView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:241fe8f55cbe48079d27
Deposit or zone
Secondary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
0.4
Grade Unit
%
Contained Metal
62
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Metal Eq. Grade
0.44
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated copper resource for secondary mineralization in the open pit at Thursday's Gossan is substantial and high-grade.

Positive factors

  • High confidence category (Indicated)
  • Good copper grade (0.40%)
  • Significant contained copper (62 kt)

Evidence · table

“0.40”

Context: 16

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

indicatedThursday's Gossan · goldTonnes: 16000000Grade: 0.04Grade Unit: g/tContained Metal: 20Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:241fe8f55cbe48079d27
Deposit or zone
Secondary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
0.04
Grade Unit
g/t
Contained Metal
20
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated gold resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall gold endowment.

Negative factors

  • Low gold grade (0.04 g/t)

Evidence · table

“0.040”

Context: 16

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

indicatedThursday's Gossan · silverTonnes: 16000000Grade: 1.6Grade Unit: g/tContained Metal: 830Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:241fe8f55cbe48079d27
Deposit or zone
Secondary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
indicated
Tonnes
16000000
Grade
1.6
Grade Unit
g/t
Contained Metal
830
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Indicated silver resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall silver endowment.

Negative factors

  • Low silver grade (1.6 g/t)

Evidence · table

“1.6”

Context: 16

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

inferredThursday's Gossan · copperTonnes: 6800000Grade: 0.36Grade Unit: %Contained Metal: 25Contained Unit: ktView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:8de9c53a526a20906882
Deposit or zone
Secondary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6800000
Grade
0.36
Grade Unit
%
Contained Metal
25
Contained Unit
kt
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Metal Eq. Grade
0.39
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred copper resource for secondary mineralization in the open pit at Thursday's Gossan adds significant tonnage and contained metal.

Positive factors

  • Significant tonnage (6.8 Mt)
  • Good copper grade (0.36%)

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“0.36”

Context: 6.8

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

inferredThursday's Gossan · goldTonnes: 6800000Grade: 0.022Grade Unit: g/tContained Metal: 4.7Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:8de9c53a526a20906882
Deposit or zone
Secondary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6800000
Grade
0.022
Grade Unit
g/t
Contained Metal
4.7
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred gold resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall gold endowment.

Negative factors

  • Low gold grade (0.022 g/t)
  • Inferred category (lower confidence)

Evidence · table

“0.022”

Context: 6.8

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

inferredThursday's Gossan · silverTonnes: 6800000Grade: 1.3Grade Unit: g/tContained Metal: 300Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:8de9c53a526a20906882
Deposit or zone
Secondary mineralisation in open pit
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
6800000
Grade
1.3
Grade Unit
g/t
Contained Metal
300
Contained Unit
koz
Cutoff Grade
0.2
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred silver resource for secondary mineralization in the open pit at Thursday's Gossan is low grade, but contributes to the overall silver endowment.

Negative factors

  • Low silver grade (1.3 g/t)
  • Inferred category (lower confidence)

Evidence · table

“1.3”

Context: 6.8

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

inferredThursday's Gossan · copperTonnes: 1000000Grade: 1.7Grade Unit: %Contained Metal: 17Contained Unit: ktView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:febecb622cc582e77182
Deposit or zone
Underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1000000
Grade
1.7
Grade Unit
%
Contained Metal
17
Contained Unit
kt
Cutoff Grade
1
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Metal Eq. Grade
1.9
Metal Eq. Unit
% CuEq
Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground copper resource shows high grades, indicating potential for future underground development.

Positive factors

  • High-grade copper (1.7%)
  • Potential for underground development

Negative factors

  • Inferred category (lower confidence)

Evidence · table

“1.7”

Context: 1.0

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

inferredThursday's Gossan · goldTonnes: 1000000Grade: 0.24Grade Unit: g/tContained Metal: 7.9Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:febecb622cc582e77182
Deposit or zone
Underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1000000
Grade
0.24
Grade Unit
g/t
Contained Metal
7.9
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground gold resource adds to the overall gold endowment, albeit at a lower confidence level.

Negative factors

  • Small contained metal (7.9 koz)
  • Inferred category (lower confidence)

Evidence · table

“0.24”

Context: 1.0

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

inferredThursday's Gossan · silverTonnes: 1000000Grade: 5.2Grade Unit: g/tContained Metal: 170Contained Unit: kozView all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
silver
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Resource scope

Estimate type
resource
Reporting standards
jorc
QP Signed
Yes
Qualified person names
Chris Cairns
Resource group id
resource:febecb622cc582e77182
Deposit or zone
Underground
Ownership percent
100 %

Resource Data

Category
inferred
Tonnes
1000000
Grade
5.2
Grade Unit
g/t
Contained Metal
170
Contained Unit
koz
Cutoff Grade
1
Cutoff Unit
% CuEq

Prior Estimate

Resource Date
2026-02-01

Metal Equivalent

Assumptions Disclosed
Yes

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Inferred underground silver resource adds to the overall silver endowment, albeit at a lower confidence level.

Negative factors

  • Small contained metal (170 koz)
  • Inferred category (lower confidence)

Evidence · table

“5.2”

Context: 1.0

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

Metallurgical Results (8)

bottle rollFairview North Gold Prospect · goldRecovery: 80 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Test Type
bottle roll
Processing Route
heap leach
Leach Time
120 hours

Recovery

Recovery
80 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2017-01-01T00:00:00.000Z

Dates

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

Reasoning: Historical bottle-roll tests show good gold recoveries via heap leaching, indicating amenability to a low-cost processing route.

Positive factors

  • High Recovery (80%)
  • Heap Leach Route (low cost)
  • Actual test results

Negative factors

  • Historical testwork (2017)

Evidence · text

“Bottle-roll cyanide leach tests on RC composite samples indicated >80% gold recoveries via low-cost heap leaching, with individual bottle-roll recoveries ranging from 72.6% (low-grade sample) to 98.4% (moderate-grade sample) after 120 hours.”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 80% is at or above the exceptional band (75%)

bottle rollFairview North Gold Prospect · goldRecovery: 72.6 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Test Type
bottle roll
Processing Route
heap leach
Sample
low-grade sample
Leach Time
120 hours

Recovery

Recovery
72.6 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2017-01-01T00:00:00.000Z

Dates

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

Reasoning: Historical bottle-roll tests show moderate gold recoveries for low-grade samples via heap leaching.

Positive factors

  • Heap Leach Route (low cost)
  • Actual test results

Negative factors

  • Historical testwork (2017)

Evidence · text

“individual bottle-roll recoveries ranging from 72.6% (low-grade sample)”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

bottle rollFairview North Gold Prospect · goldRecovery: 98.4 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Test Type
bottle roll
Processing Route
heap leach
Sample
moderate-grade sample
Leach Time
120 hours

Recovery

Recovery
98.4 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2017-01-01T00:00:00.000Z

Dates

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

Reasoning: Historical bottle-roll tests show exceptionally high gold recoveries for moderate-grade samples via heap leaching.

Positive factors

  • Exceptional Recovery (98.4%)
  • Heap Leach Route (low cost)
  • Actual test results

Negative factors

  • Historical testwork (2017)

Evidence · text

“to 98.4% (moderate-grade sample) after 120 hours.”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 98.4% is at or above the exceptional band (75%)

column leachFairview North Gold Prospect · goldRecovery: 81.9 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Test Type
column leach
Processing Route
heap leach

Recovery

Recovery
81.9 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2017-01-01T00:00:00.000Z

Dates

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

Reasoning: Historical column leach tests show strong gold recoveries via heap leaching, confirming amenability to this processing route.

Positive factors

  • High Recovery (81.9%)
  • Heap Leach Route (low cost)
  • Actual test results

Negative factors

  • Historical testwork (2017)

Evidence · text

“Column leach tests returned 81.9% to 95.8% gold recoveries.”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 81.9% is at or above the exceptional band (75%)

column leachFairview North Gold Prospect · goldRecovery: 95.8 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Test Type
column leach
Processing Route
heap leach

Recovery

Recovery
95.8 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2017-01-01T00:00:00.000Z

Dates

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

Reasoning: Historical column leach tests show exceptionally high gold recoveries via heap leaching, confirming amenability to this processing route.

Positive factors

  • Exceptional Recovery (95.8%)
  • Heap Leach Route (low cost)
  • Actual test results

Negative factors

  • Historical testwork (2017)

Evidence · text

“Column leach tests returned 81.9% to 95.8% gold recoveries.”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.8% is at or above the exceptional band (75%)

gravity recoveryFairview North Gold Prospect · goldRecovery: 85 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Test Type
gravity recovery
Processing Route
gravity, heap leach

Recovery

Recovery
85 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2017-01-01T00:00:00.000Z

Dates

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

Reasoning: Historical gravity recovery followed by leaching shows strong gold recoveries, indicating the presence of recoverable coarse gold.

Positive factors

  • High Recovery (85%)
  • Gravity Route (low cost)
  • Actual test results

Negative factors

  • Historical testwork (2017)

Evidence · text

“Additional gravity recovery followed by bottle-roll leaching of the residue further improved recoveries to 85%–95.3%”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 85% is at or above the exceptional band (75%)

gravity recoveryFairview North Gold Prospect · goldRecovery: 95.3 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Fairview North Gold Prospect
Commodity
gold
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Test Type
gravity recovery
Processing Route
gravity, heap leach

Recovery

Recovery
95.3 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2017-01-01T00:00:00.000Z

Dates

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

Reasoning: Historical gravity recovery followed by leaching shows exceptionally high gold recoveries, indicating the presence of recoverable coarse gold.

Positive factors

  • Exceptional Recovery (95.3%)
  • Gravity Route (low cost)
  • Actual test results

Negative factors

  • Historical testwork (2017)

Evidence · text

“Additional gravity recovery followed by bottle-roll leaching of the residue further improved recoveries to 85%–95.3%”

Tags used in scoring

Heap Leach Routeneutral

Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.

Why it applies: processing_route matches the heap_leach signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 95.3% is at or above the exceptional band (75%)

flotationThursday's Gossan · copperRecovery: 84.8 %View all details
Link to this fact

Identity

Project
Thursday's Gossan
Commodity
copper
Region
australia_vic
Reported Region
western Victoria
Ticker
SVY

Test Work

Program Status
detailed
Test Type
flotation
Processing Route
crushing, grinding, sulphide flotation

Recovery

Recovery
84.8 %
Recovery Basis
to_concentrate
Conc. Grade
24
Conc. Grade Unit
% Cu

Review

Needs Review
No
Historical
No

Dates

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

Reasoning: The Scoping Study indicates strong copper recovery to concentrate via conventional flotation, supporting project economics.

Positive factors

  • Strong Recovery (84.8%)
  • Good concentrate grade (24% Cu)

Evidence · table

“84.8%”

Context: Copper recovery to concentrate

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

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.