# TAM: Annual Report to shareholders

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03142179

Publisher: asx

Original announcement: 2026-09-22T02:39:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-22T03:06:08.552Z

Atlas analysis updated: 2026-09-22T03:06:08.552Z

- Company: Tanami Gold NL

- Ticker: TAM

- Exchange: ASX

- Region: Northern Territory

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Drill results, Resource update, Capital raise

- Extracted: 2026-09-22 03:06:09 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Tanami Gold NL's annual report highlights significant progress at its Central Tanami Project, including an 18% increase in mineral resource tonnes and a 9% increase in contained gold ounces to 2.8 Moz, despite an 8% decrease in overall grade. The company reported high-grade drill intercepts from Jims and Groundrush, with several bonanza-grade results. A successful A$70.5 million rights issue was completed to fund the development of an underground exploration decline at Groundrush, marking a tangible step towards production.

Reasoning: The annual report details significant progress at the Central Tanami Project, including a substantial increase in gold resources, high-grade drill results from key deposits, and a successful capital raise to fund an underground exploration decline. While the overall resource grade decreased, the growth in contained ounces and the advancement towards development are strong positive signals for the project's future.

- Positive factor: Significant increase in total Mineral Resource ounces \(9%\) and tonnes \(18%\) for the Central Tanami Project.

- Positive factor: High-grade gold intercepts reported from Jims Gold Mine, including bonanza grades.

- Positive factor: High-grade gold intercepts reported from Groundrush Gold Mine, including bonanza grades.

- Positive factor: Resource estimate updated to 2012 JORC Code compliance, enhancing confidence.

- Positive factor: Appointment of preferred mining contractor for Groundrush underground exploration decline, indicating tangible progress towards development.

- Positive factor: Successful completion of a fully underwritten rights issue, securing funding for project development.

- Negative factor: Overall decrease in average resource grade \(8%\) despite tonnage and contained metal growth.

- Negative factor: Drill results for Western Dolerite and Defa prospects are lower grade compared to Jims and Groundrush highlights.

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

Facts used in scoring: 38

## Classification and evidence

**JORC Compliant**

Polarity: positive

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

Why it applies: The Mineral Resource estimates are reported in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\).

Evidence · text

> all Mineral Resources in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves \(JORC Code\).

**QP/CP Signed**

Polarity: positive

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

Why it applies: Mr. Graeme Thompson, a Member of the Australasian Institute of Mining and Metallurgy and an employee of MoJoe Mining Pty Ltd, is the Competent Person for the Mineral Resource estimates.

Evidence · text

> The information in this report that relates to the Mineral Resource estimates for the Central Tanami Gold Project is based on information compiled by Mr. Graeme Thompson, who is a Member of the Australasian Institute of Mining and Metallurgy, and is an employee of MoJoe Mining Pty Ltd. Mr Graeme Thompson has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he has undertaken to qualify as a Competent Person, as defined in the 2012 Edition of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves.

**Tonnage Growth**

Polarity: positive

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

Why it applies: The updated MRE totals 31 Mt, representing an 18% increase in tonnes compared with the previously reported MRE dated 30 June 2023.

Evidence · text

> The updated MRE totals 31 Mt at 2.8 g/t gold for 2.8 Moz as of 30 September 2025, representing an 18% increase in tonnes

**Contained Metal Growth**

Polarity: positive

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

Why it applies: The updated MRE totals 2.8 Moz, representing a 9% increase in contained ounces compared with the previously reported MRE dated 30 June 2023.

Evidence · text

> The updated MRE totals 31 Mt at 2.8 g/t gold for 2.8 Moz as of 30 September 2025, representing an 18% increase in tonnes, 9% increase in contained ounces

**Grade Decline**

Polarity: negative

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

Why it applies: The updated MRE shows an 8% decrease in grade compared with the previously reported MRE dated 30 June 2023.

Evidence · text

> representing an 18% increase in tonnes, 9% increase in contained ounces, and an 8% decrease in grade compared with the previously reported MRE dated 30 June 2023.

**Resource Update**

Polarity: neutral

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

Why it applies: The document explicitly states 'The updating of the Mineral Resource estimates \(MRE\) for the gold deposits within the CTP was completed during FY26'.

Evidence · text

> The updating of the Mineral Resource estimates \(MRE\) for the gold deposits within the CTP was completed during FY26.

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: The document states that open pit estimates are reported at cut-off grades ranging from 0.6 g/t gold to 0.8 g/t gold and underground estimates from 1.4 g/t gold to 1.8 g/t gold.

Evidence · text

> The open pit estimates are reported at cut-off grades ranging from 0.6 g/t gold to 0.8 g/t gold and are constrained within optimised pit shells based on a A$3,500 per ounce gold price. Underground Mineral Resources are reported at cut-off grades ranging from 1.4 g/t gold to 1.8 g/t gold

**Inferred Resource**

Polarity: negative

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

Why it applies: The updated MRE includes a significant Inferred component of 14 Mt at 3.1 g/t gold for 1.4 Moz.

Evidence · table

> 3.1

Context: 14,000

**Bonanza Intercept**

Polarity: positive

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

Why it applies: Drill hole JPRCD0031 returned 4.00 metres @ 29.12 g/t gold, which is well above the exceptional threshold for gold.

Evidence · text

> 4.00 metres @ 29.12 g/t gold from 282.00 metres in drill hole JPRCD0031

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling at Jims was designed to test the down-dip and northerly extensions of the Jims Main zone.

Evidence · text

> Two phases of drilling designed to test the down-dip and northerly extensions of the Jims Main zone returned a series of significant high-grade intercepts

**Infill Drilling**

Polarity: neutral

Definition: Confirmatory drilling to raise resource confidence, not new discovery.

Why it applies: Infill drilling was conducted at Groundrush along the southern edge of the deposit to improve confidence in the Mineral Resource.

Evidence · text

> At Groundrush, infill drilling along the southern edge of the deposit returned several high-grade intercepts and improved confidence in the Mineral Resource ahead of future resource updates and mining studies

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: Mr Neale Edwards, a Fellow of the Australian Institute of Geoscientists and a Director, is stated as a Competent Person for the Exploration Results, indicating QA/QC oversight.

Evidence · text

> Mr Neale Edwards BSc \(Hons\), a Fellow of the Australian Institute of Geoscientists, who is a Director of Tanami Gold NL and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2012 Edition of the Australasian Code of Reporting for Exploration Results, Mineral Resources and Ore Reserves confirms that the form and context in which the Exploration Results dated 25 July 2025, 1 October 2025, 27 November 2025, and 16 January 2026 presented in this report have not been materially modified and are consistent with the 25 July 2025, 1 October 2025, 27 November 2025, and 16 January 2026 reports.

**Apparent Width Only**

Polarity: negative

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

Why it applies: Drill intercepts are reported as downhole lengths \(e.g., 'metres @ g/t gold'\) without explicit disclosure of true width or drill orientation relative to mineralization.

Evidence · text

> 12.17 metres at 6.94 g/t gold

## Extracted facts

Stored fact records: 38. Some facts used in scoring do not have a stored record.

## Drill Results (33)

### JPRCD0008A

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-5)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0008A
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 6.74
- Grade Unit: g/t
- Intercept: 7.3 m
- From: 329.7 m
- To: 337 m
- Intercept Depth: 329.7 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0008A:329.7-337

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept demonstrates strong gold mineralization, extending the known zone at Jims Gold Mine and adding confidence to the project's continuity.

- Positive factor: Strong gold grade \(6.74 g/t\) for the reported interval.

- Positive factor: Contributes to the down-dip and northerly extensions of the Jims Main zone.

Evidence · text

> 7.30 metres @ 6.74 g/t gold from 329.70 metres in drill hole JPRCD0008A

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0012

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-6)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0012
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 3.98
- Grade Unit: g/t
- Intercept: 6.39 m
- From: 371.9 m
- To: 378.29 m
- Intercept Depth: 371.9 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0012:371.9-378.29

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides good gold grades, supporting the continuity of mineralization at Jims Gold Mine.

- Positive factor: Strong gold grade \(3.98 g/t\) for the reported interval.

- Positive factor: Confirms continuity of mineralization at Jims.

Evidence · text

> 6.39 metres @ 3.98 g/t gold from 371.90 metres in drill hole JPRCD0012

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0012

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-7)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0012
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 6.94
- Grade Unit: g/t
- Intercept: 12.17 m
- From: 386.24 m
- To: 398.41 m
- Intercept Depth: 386.24 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0012:386.24-398.41

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This high-grade, significant width intercept is a strong positive, confirming the quality of mineralization at Jims and enhancing its strategic value.

- Positive factor: Strong gold grade \(6.94 g/t\) over a significant width \(12.17 m\).

- Positive factor: Elevates the strategic importance of Jims within the JV portfolio.

Evidence · text

> 12.17 metres @ 6.94 g/t gold from 386.24 metres in drill hole JPRCD0012

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0014

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-8)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0014
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 4.59
- Grade Unit: g/t
- Intercept: 4.4 m
- From: 333 m
- To: 337.4 m
- Intercept Depth: 333 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0014:333-337.4

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept shows good gold grades, contributing to the understanding of mineralization continuity at Jims Gold Mine.

- Positive factor: Strong gold grade \(4.59 g/t\) for the reported interval.

- Positive factor: Supports the continuity of mineralization at Jims.

Evidence · text

> 4.40 metres @ 4.59 g/t gold from 333.00 metres in drill hole JPRCD0014

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0016

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-9)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0016
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 5.6
- Grade Unit: g/t
- Intercept: 8 m
- From: 434 m
- To: 442 m
- Intercept Depth: 434 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0016:434-442

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This exceptional grade intercept adds significant confidence to the Jims mineralized system, indicating robust gold mineralization at depth.

- Positive factor: Exceptional gold grade \(5.60 g/t\) over a good width \(8.0 m\).

- Positive factor: Further strengthens confidence in the Jims mineralized system.

Evidence · text

> 8.00 metres @ 5.60 g/t gold from 434.00 metres in drill hole JPRCD0016

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0017

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-10)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0017
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 3.64
- Grade Unit: g/t
- Intercept: 8.85 m
- From: 426.45 m
- To: 435.3 m
- Intercept Depth: 426.45 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0017:426.45-435.3

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides good gold grades over a reasonable width, supporting the continuity of mineralization at Jims Gold Mine.

- Positive factor: Strong gold grade \(3.64 g/t\) over a good width \(8.85 m\).

- Positive factor: Confirms continuity of mineralization at Jims.

Evidence · text

> 8.85 metres @ 3.64 g/t gold from 426.45 metres in drill hole JPRCD0017

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0018

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-11)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0018
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 17.25
- Grade Unit: g/t
- Intercept: 1.34 m
- From: 311 m
- To: 312.34 m
- Intercept Depth: 311 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0018:311-312.34

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept highlights the presence of very high-grade gold, although its narrow width suggests localized mineralization.

- Positive factor: Bonanza gold grade \(17.25 g/t\) indicates high-grade mineralization.

- Negative factor: Narrow intercept length \(1.34 m\) limits overall contained metal.

Evidence · text

> 1.34 metres @ 17.25 g/t gold from 311.00 metre in drill hole JPRCD0018

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD018

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-12)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD018
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 3.57
- Grade Unit: g/t
- Intercept: 11.92 m
- From: 323.08 m
- To: 335 m
- Intercept Depth: 323.08 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD018:323.08-335

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides good gold grades over a significant width, reinforcing the continuity of mineralization at Jims Gold Mine.

- Positive factor: Strong gold grade \(3.57 g/t\) over a significant width \(11.92 m\).

- Positive factor: Supports the continuity of mineralization at Jims.

Evidence · text

> 11.92 metres @ 3.57 g/t gold from 323.08 metres in drill hole JPRCD018

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0020

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-13)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0020
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 5.14
- Grade Unit: g/t
- Intercept: 13 m
- From: 81 m
- To: 94 m
- Intercept Depth: 81 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0020:81-94

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This exceptional grade intercept over a significant width at a relatively shallow depth is a strong positive, indicating good mineralization potential near surface.

- Positive factor: Exceptional gold grade \(5.14 g/t\) over a significant width \(13.0 m\).

- Positive factor: Indicates robust mineralization at shallower depths.

Evidence · text

> 13.00 metres @ 5.14 g/t gold from 81.00 metres in drill hole JPRCD0020

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0022

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-14)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0022
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 1.68
- Grade Unit: g/t
- Intercept: 20.23 m
- From: 445.86 m
- To: 466.09 m
- Intercept Depth: 445.86 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0022:445.86-466.09

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept, while moderate in grade, is significant due to its considerable width, suggesting potential for bulk tonnage mineralization at depth.

- Positive factor: Moderate gold grade \(1.68 g/t\) over a very significant width \(20.23 m\).

- Positive factor: Suggests bulk tonnage potential at depth.

Evidence · text

> 20.23 metres @ 1.68 g/t gold from 445.86 metres in drill hole JPRCD0022

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0024

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-15)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0024
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 7.37
- Grade Unit: g/t
- Intercept: 3.98 m
- From: 361.23 m
- To: 365.21 m
- Intercept Depth: 361.23 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0024:361.23-365.21

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This exceptional grade intercept confirms the presence of high-grade gold mineralization at Jims Gold Mine.

- Positive factor: Exceptional gold grade \(7.37 g/t\) for the reported interval.

- Positive factor: Confirms high-grade mineralization at Jims.

Evidence · text

> 3.98 metres @ 7.37 g/t gold from 361.23 metres in drill hole JPRCD0024

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0025

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-16)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0025
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 27.48
- Grade Unit: g/t
- Intercept: 2 m
- From: 212 m
- To: 214 m
- Intercept Depth: 212 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0025:212-214

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept demonstrates very high-grade gold, although its narrow width suggests a localized high-grade zone.

- Positive factor: Bonanza gold grade \(27.48 g/t\) indicates very high-grade mineralization.

- Negative factor: Narrow intercept length \(2.0 m\) limits overall contained metal.

Evidence · text

> 2.00 metres @ 27.48 g/t gold from 212.00 metres in drill hole JPRCD0025

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0025

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-17)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0025
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 6.61
- Grade Unit: g/t
- Intercept: 13 m
- From: 280 m
- To: 293 m
- Intercept Depth: 280 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0025:280-293

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This high-grade, significant width intercept is a strong positive, confirming the quality of mineralization at Jims and enhancing its strategic value.

- Positive factor: Strong gold grade \(6.61 g/t\) over a significant width \(13.0 m\).

- Positive factor: Elevates the strategic importance of Jims within the JV portfolio.

Evidence · text

> 13.00 metres @ 6.61 g/t gold from 280.00 metres in drill hole JPRCD0025

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0025

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-18)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0025
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 4.99
- Grade Unit: g/t
- Intercept: 7.65 m
- From: 389.41 m
- To: 397.06 m
- Intercept Depth: 389.41 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0025:389.41-397.06

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides good gold grades, supporting the continuity of mineralization at Jims Gold Mine.

- Positive factor: Strong gold grade \(4.99 g/t\) for the reported interval.

- Positive factor: Confirms continuity of mineralization at Jims.

Evidence · text

> 7.65 metres @ 4.99 g/t gold from 389.41 metres in drill hole JPRCD0025

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0026

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-19)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0026
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 28.94
- Grade Unit: g/t
- Intercept: 0.7 m
- From: 256 m
- To: 256.7 m
- Intercept Depth: 256 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0026:256-256.7

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept highlights the presence of very high-grade gold, though its extremely narrow width suggests a localized high-grade vein.

- Positive factor: Bonanza gold grade \(28.94 g/t\) indicates very high-grade mineralization.

- Negative factor: Very narrow intercept length \(0.7 m\) limits overall contained metal.

Evidence · text

> 0.70 metres @ 28.94 g/t gold from 256.00 metres in drill hole JPRCD0026

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0029A

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-20)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0029A
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 1.62
- Grade Unit: g/t
- Intercept: 27 m
- From: 521 m
- To: 548 m
- Intercept Depth: 521 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0029A:521-548

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept, while moderate in grade, is highly material due to its exceptional width, indicating significant bulk tonnage potential at depth.

- Positive factor: Moderate gold grade \(1.62 g/t\) over an exceptional width \(27.0 m\).

- Positive factor: Suggests significant bulk tonnage potential at depth.

Evidence · text

> 27.00 metres @ 1.62 g/t gold from 521.00 metres in drill hole JPRCD0029A

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0030A

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-21)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0030A
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 3.5
- Grade Unit: g/t
- Intercept: 22.58 m
- From: 533.69 m
- To: 556.27 m
- Intercept Depth: 533.69 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0030A:533.69-556.27

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept combines strong grade with significant width, strongly reinforcing the continuity and scale potential of the Jims mineralized system at depth.

- Positive factor: Strong gold grade \(3.50 g/t\) over a very significant width \(22.58 m\).

- Positive factor: Further strengthens confidence in the continuity and scale potential of the Jims mineralized system.

Evidence · text

> 22.58 metres @ 3.50 g/t gold from 533.69 metres in drill hole JPRCD0030A

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0030A

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-22)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0030A
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 10.89
- Grade Unit: g/t
- Intercept: 5.11 m
- From: 558.29 m
- To: 563.4 m
- Intercept Depth: 558.29 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0030A:558.29-563.4

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept confirms the presence of high-grade zones within the Jims mineralization, adding to the overall prospectivity.

- Positive factor: Bonanza gold grade \(10.89 g/t\) over a good width \(5.11 m\).

- Positive factor: Indicates high-grade zones within the broader mineralization.

Evidence · text

> 5.11 metres @ 10.89 g/t gold from 558.29 metres in drill hole JPRCD0030A

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0031

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-23)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0031
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 4.86
- Grade Unit: g/t
- Intercept: 7 m
- From: 268 m
- To: 275 m
- Intercept Depth: 268 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0031:268-275

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides good gold grades, supporting the continuity of mineralization at Jims Gold Mine.

- Positive factor: Strong gold grade \(4.86 g/t\) for the reported interval.

- Positive factor: Confirms continuity of mineralization at Jims.

Evidence · text

> 7.00 metres @ 4.86 g/t gold from 268.00 metres in drill hole JPRCD0031

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0031

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-24)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0031
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 29.12
- Grade Unit: g/t
- Intercept: 4 m
- From: 282 m
- To: 286 m
- Intercept Depth: 282 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0031:282-286

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept over a good width is highly material, confirming the presence of very high-grade gold mineralization at Jims.

- Positive factor: Bonanza gold grade \(29.12 g/t\) over a good width \(4.0 m\), indicating a very high-grade zone.

- Positive factor: One of the most significant intercepts reported, enhancing the project's prospectivity.

Evidence · text

> 4.00 metres @ 29.12 g/t gold from 282.00 metres in drill hole JPRCD0031

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0032

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-25)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0032
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 16.58
- Grade Unit: g/t
- Intercept: 1.4 m
- From: 349 m
- To: 350.4 m
- Intercept Depth: 349 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0032:349-350.4

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept highlights the presence of high-grade gold, though its narrow width suggests localized mineralization.

- Positive factor: Bonanza gold grade \(16.58 g/t\) indicates high-grade mineralization.

- Negative factor: Narrow intercept length \(1.4 m\) limits overall contained metal.

Evidence · text

> 1.40 metres @ 16.58 g/t gold from 349.00 metres in drill hole JPRCD0032

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### JPRCD0033

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-26)

Jims Gold Mine · gold

#### Identity

- Hole ID: JPRCD0033
- Project: Jims Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 6.51
- Grade Unit: g/t
- Intercept: 3 m
- From: 294 m
- To: 297 m
- Intercept Depth: 294 m

#### Classification

- Sample Type: drill
- Group ID: JPRCD0033:294-297

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides strong gold grades, supporting the continuity of mineralization at Jims Gold Mine.

- Positive factor: Strong gold grade \(6.51 g/t\) for the reported interval.

- Positive factor: Confirms continuity of mineralization at Jims.

Evidence · text

> 3.00 metres @ 6.51 g/t gold from 294.00 metres in drill hole JPRCD0033

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261003

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-27)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261003
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 20.02
- Grade Unit: g/t
- Intercept: 2 m
- From: 130 m
- To: 132 m
- Intercept Depth: 130 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261003:130-132

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept confirms very high-grade gold at Groundrush, improving confidence in the resource, despite its narrow width.

- Positive factor: Bonanza gold grade \(20.02 g/t\) indicates very high-grade mineralization.

- Positive factor: Contributes to improving confidence in the Mineral Resource ahead of future updates.

- Negative factor: Narrow intercept length \(2.0 m\) limits overall contained metal.

Evidence · text

> 2.00 metres @ 20.02 g/t gold from 130.00 metres in drill hole GRRD261003

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261004

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-28)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261004
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 25.4
- Grade Unit: g/t
- Intercept: 0.72 m
- From: 253.49 m
- To: 254.21 m
- Intercept Depth: 253.49 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261004:253.49-254.21

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept highlights the presence of very high-grade gold, though its extremely narrow width suggests a localized high-grade vein.

- Positive factor: Bonanza gold grade \(25.40 g/t\) indicates very high-grade mineralization.

- Negative factor: Very narrow intercept length \(0.72 m\) limits overall contained metal.

Evidence · text

> 0.72 metres @ 25.40 g/t gold from 253.49 metres in drill hole GRRD261004

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261008

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-29)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261008
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 3.75
- Grade Unit: g/t
- Intercept: 4 m
- From: 140 m
- To: 144 m
- Intercept Depth: 140 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261008:140-144

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides good gold grades, supporting the improvement of confidence in the Groundrush Mineral Resource.

- Positive factor: Strong gold grade \(3.75 g/t\) for the reported interval.

- Positive factor: Contributes to improving confidence in the Mineral Resource.

Evidence · text

> 4.00 metres @ 3.75 g/t gold from 140.00 metres in drill hole GRRD261008

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261008

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-30)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261008
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 16.05
- Grade Unit: g/t
- Intercept: 1 m
- From: 227 m
- To: 228 m
- Intercept Depth: 227 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261008:227-228

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept highlights the presence of high-grade gold, though its narrow width suggests localized mineralization.

- Positive factor: Bonanza gold grade \(16.05 g/t\) indicates high-grade mineralization.

- Negative factor: Narrow intercept length \(1.0 m\) limits overall contained metal.

Evidence · text

> 1.00 metre @ 16.05 g/t gold from 227.00 metres in drill hole GRRD261008

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261012

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-31)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261012
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 6.25
- Grade Unit: g/t
- Intercept: 4 m
- From: 133 m
- To: 137 m
- Intercept Depth: 133 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261012:133-137

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides strong gold grades, supporting the improvement of confidence in the Groundrush Mineral Resource.

- Positive factor: Strong gold grade \(6.25 g/t\) for the reported interval.

- Positive factor: Contributes to improving confidence in the Mineral Resource.

Evidence · text

> 4.00 metres @ 6.25 g/t gold from 133.00 metres in drill hole GRRD261012

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261013

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-32)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261013
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 6.91
- Grade Unit: g/t
- Intercept: 3 m
- From: 214 m
- To: 217 m
- Intercept Depth: 214 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261013:214-217

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides strong gold grades, supporting the improvement of confidence in the Groundrush Mineral Resource.

- Positive factor: Strong gold grade \(6.91 g/t\) for the reported interval.

- Positive factor: Contributes to improving confidence in the Mineral Resource.

Evidence · text

> 3.00 metres @ 6.91 g/t gold from 214.00 metres in drill hole GRRD261013

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261014

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-33)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261014
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 29.3
- Grade Unit: g/t
- Intercept: 0.9 m
- From: 227.1 m
- To: 228 m
- Intercept Depth: 227.1 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261014:227.1-228

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This bonanza-grade intercept highlights the presence of very high-grade gold, though its extremely narrow width suggests a localized high-grade vein.

- Positive factor: Bonanza gold grade \(29.30 g/t\) indicates very high-grade mineralization.

- Negative factor: Very narrow intercept length \(0.9 m\) limits overall contained metal.

Evidence · text

> 0.90 metres @ 29.30 g/t gold from 227.10 metres in drill hole GRRD261014

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261021

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-34)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261021
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 5.6
- Grade Unit: g/t
- Intercept: 4 m
- From: 80 m
- To: 84 m
- Intercept Depth: 80 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261021:80-84

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides exceptional gold grades, supporting the improvement of confidence in the Groundrush Mineral Resource.

- Positive factor: Exceptional gold grade \(5.60 g/t\) for the reported interval.

- Positive factor: Contributes to improving confidence in the Mineral Resource.

Evidence · text

> 4.00 metres @ 5.60 g/t gold from 80.00 metres in drill hole GRRD261021

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### GRRD261024

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-35)

Groundrush Gold Mine · gold

#### Identity

- Hole ID: GRRD261024
- Project: Groundrush Gold Mine
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 7.2
- Grade Unit: g/t
- Intercept: 4 m
- From: 73 m
- To: 77 m
- Intercept Depth: 73 m

#### Classification

- Sample Type: drill
- Group ID: GRRD261024:73-77

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides exceptional gold grades, supporting the improvement of confidence in the Groundrush Mineral Resource.

- Positive factor: Exceptional gold grade \(7.20 g/t\) for the reported interval.

- Positive factor: Contributes to improving confidence in the Mineral Resource.

Evidence · text

> 4.00 metres @ 7.20 g/t gold from 73.00 metres in drill hole GRRD261024

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### WDRC00031

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-36)

Western Dolerite Prospect · gold

#### Identity

- Hole ID: WDRC00031
- Project: Western Dolerite Prospect
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 1.75
- Grade Unit: g/t
- Intercept: 14.3 m
- From: 297 m
- To: 311.3 m
- Intercept Depth: 297 m

#### Classification

- Sample Type: drill
- Group ID: WDRC00031:297-311.3

#### Location

- Location: Main Zone
- Loc. Source: document

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: No
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides a moderate gold grade over a significant width, contributing to the understanding of the Western Dolerite Prospect's extensions.

- Positive factor: Moderate gold grade \(1.75 g/t\) over a significant width \(14.3 m\).

- Positive factor: Tests down-dip and northern strike extensions of the host sequence.

Evidence · text

> 14.30 metres @ 1.75 g/t gold from 297.00 metres in drill hole WDRC00031

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

### Fact 33

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-drill-facts-37)

Defa Prospect · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Defa Prospect
- Commodity: gold
- Region: australia
- Reported Region: australia
- Ticker: TAM

#### Geometry

- Grade: 2.88
- Grade Unit: g/t
- Intercept: 12 m

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Disclosed: Yes

#### Compositing

- Dilution Disclosed: Yes

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: This intercept provides a strong gold grade over a significant width, indicating promising mineralization at the Defa Prospect.

- Positive factor: Strong gold grade \(2.88 g/t\) over a significant width \(12.0 m\).

- Positive factor: Represents a significant intercept from the Defa Prospect.

Evidence · text

> 12.00 metres @ 2.88 g/t gold

#### Tags used in scoring

**QA/QC Disclosed**

Polarity: positive

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

Why it applies: qaqc\_disclosed is true

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

## Resource Estimates (5)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-resource-facts-0)

Central Tanami Project · gold

#### Identity

- Project: Central Tanami Project
- Commodity: gold
- Ticker: TAM

#### Resource scope

- Estimate type: resource
- Effective date: 2025-09-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Graeme Thompson
- Resource group id: resource:51ed53355fd92d4dc648

#### Resource Data

- Category: measured
- Tonnes: 1300000
- Grade: 0.8
- Grade Unit: g/t
- Contained Metal: 36
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-09-30
- Prior Tonnes: 26270000
- Prior Grade: 3.04
- Prior Contained Metal: 2570

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: The Measured resource, though a small portion of the total, represents the highest confidence category and contributes to the overall positive resource update.

- Positive factor: Highest confidence category, providing a strong foundation for future studies.

- Positive factor: Part of an overall resource increase, indicating project growth.

Evidence · table

> 1.5

Context: 11

#### Tags used in scoring

**Measured Resource**

Polarity: positive

Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 1300000 against 26270000 previously

**Grade Decline**

Polarity: negative

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

Why it applies: 0.8 against 3.04 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 36 against 2570 previously

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-resource-facts-1)

Central Tanami Project · gold

#### Identity

- Project: Central Tanami Project
- Commodity: gold
- Ticker: TAM

#### Resource scope

- Estimate type: resource
- Effective date: 2025-09-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Graeme Thompson
- Resource group id: resource:76d76242f02be79f2296

#### Resource Data

- Category: indicated
- Tonnes: 15000000
- Grade: 2.8
- Grade Unit: g/t
- Contained Metal: 1400
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-09-30
- Prior Tonnes: 26270000
- Prior Grade: 3.04
- Prior Contained Metal: 2570

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: The Indicated resource forms a substantial part of the updated estimate, providing good confidence for project planning and contributing significantly to the overall contained metal growth.

- Positive factor: Significant portion of the resource in the Indicated category, supporting economic studies.

- Positive factor: Contributes to the overall increase in contained ounces.

Evidence · table

> 2.5

Context: 1,700

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

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

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 15000000 against 26270000 previously

**Grade Decline**

Polarity: negative

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

Why it applies: 2.8 against 3.04 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 1400 against 2570 previously

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-resource-facts-2)

Central Tanami Project · gold

#### Identity

- Project: Central Tanami Project
- Commodity: gold
- Ticker: TAM

#### Resource scope

- Estimate type: resource
- Effective date: 2025-09-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Graeme Thompson
- Resource group id: resource:ec4780990f82620f3e1f

#### Resource Data

- Category: inferred
- Tonnes: 14000000
- Grade: 3.1
- Grade Unit: g/t
- Contained Metal: 1400
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-09-30
- Prior Tonnes: 26270000
- Prior Grade: 3.04
- Prior Contained Metal: 2570

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: The substantial Inferred resource indicates significant exploration potential, but its lower confidence category means further drilling is required to upgrade it for economic studies.

- Positive factor: Large Inferred resource base provides significant exploration upside and future growth potential.

- Negative factor: Inferred category has lower geological confidence and cannot support economic studies alone.

Evidence · table

> 2.8

Context: 1,900

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**Tonnage Decline**

Polarity: negative

Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.

Why it applies: 14000000 against 26270000 previously

**Contained Metal Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 1400 against 2570 previously

### Fact 4

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-resource-facts-3)

Central Tanami Project · gold

#### Identity

- Project: Central Tanami Project
- Commodity: gold
- Ticker: TAM

#### Resource scope

- Estimate type: resource
- Effective date: 2025-09-30T00:00:00.000Z
- Reporting standards: jorc
- QP Signed: Yes
- Qualified person names: Graeme Thompson
- Resource group id: resource:4e299a041b9070fd62ed

#### Resource Data

- Tonnes: 31000000
- Grade: 2.8
- Grade Unit: g/t
- Contained Metal: 2800
- Contained Unit: koz
- Cutoff Grade: 0.5
- Cutoff Unit: g/t

#### Prior Estimate

- Resource Date: 2025-09-30
- Prior Tonnes: 26270000
- Prior Grade: 3.04
- Prior Contained Metal: 2570

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: The total resource update shows substantial growth in both tonnes and contained gold, confirming the project's scale and potential, despite a slight decrease in overall grade.

- Positive factor: Overall 18% increase in tonnes and 9% increase in contained ounces, demonstrating significant project growth.

- Positive factor: Updated to 2012 JORC Code compliance, enhancing reporting credibility.

- Negative factor: Overall 8% decrease in average grade compared to the previous estimate.

Evidence · table

> 2.6

Context: 3,700

#### Tags used in scoring

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

**JORC Compliant**

Polarity: positive

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

Why it applies: reporting\_standards includes jorc

**Tonnage Growth**

Polarity: positive

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

Why it applies: 31000000 against 26270000 previously

**Grade Decline**

Polarity: negative

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

Why it applies: 2.8 against 3.04 previously

**Contained Metal Growth**

Polarity: positive

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

Why it applies: 2800 against 2570 previously

### Fact 5

[Link to this fact](https://atlas-staging.minestarters.com/news/tam-annual-report-to-shareholders--fba0c82e-859a-4eea-bb55-2e7b609b46c3#fact-resource-facts-4)

#### Identity

- Ticker: TAM

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-09-22T00:00:00.000Z

Reasoning: The successful and fully underwritten rights issue provides substantial funding directly for the Central Tanami Project's development, including the critical Groundrush decline, demonstrating strong financial backing and clear development pathway.

- Positive factor: Fully underwritten, ensuring successful capital raise.

- Positive factor: Funds specifically allocated to project development and resource definition, directly supporting project advancement.

- Positive factor: Major shareholders participated, indicating strong internal support.

Evidence · text

> On 3 June 2026 the Company announced completion of a fully underwritten pro rata renounceable rights issue \(Rights Issue\) of 1 fully paid ordinary share \(New Share\) for every 1 share held at 7:00pm \(AEST\) on 13 May 2026 \(Record Date\) to Eligible Shareholders at an issue price of $0.06 per New Share to raise approximately $70.5 million \(before costs\).

#### Tags used in scoring

**Cut-off Undisclosed**

Polarity: negative

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

Why it applies: no cutoff\_grade was stated

**No Contained Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

## 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.