# TAR: Annual Report to shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03146410 Publisher: asx Original announcement: 2026-09-30T06:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-30T07:27:13.175Z Atlas analysis updated: 2026-09-30T07:27:13.175Z - Company: Taruga Minerals Limited - Ticker: TAR - Exchange: ASX - Region: Papua New Guinea - Primary commodity: Gold - Secondary commodities: Copper, Silver, Lead, Zinc - Document categories: Drill results, Agreement transaction, Capital raise - Extracted: 2026-09-30 07:27:13 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Taruga Minerals Limited has reported a transformational year, securing options to acquire 100% of the East Normanby Gold Project and Kol Mountain Copper-Gold Project in Papua New Guinea. Initial rock chip sampling at Weioko returned grades up to 23.2 g/t gold, and at Gwamogwamo, up to 12.4 g/t gold and 4.8% copper. The company also completed a A$1.5 million placement and secured key exploration licenses, paving the way for maiden drilling at Weioko. Subsequent to year-end, the company announced positive metallurgical testwork results for Weioko. Reasoning: Taruga Minerals has undergone a transformational year, acquiring options over two highly prospective gold and copper projects in Papua New Guinea. Initial field work and rock chip sampling have yielded high-grade results, supporting the potential of these projects. A successful capital raise and key permitting milestones position the company for significant exploration in the coming year, despite the early-stage nature and reliance on historical data. - Positive factor: Acquisition of two highly prospective projects in a world-class mining region \(PNG\) - Positive factor: Initial rock chip sampling returned high-grade gold and copper results, confirming prospectivity - Positive factor: Successful capital raise to fund exploration activities - Positive factor: Granting of key exploration licenses enabling drilling at Weioko - Positive factor: Strong community engagement and MOU in place at Kol Mountain - Negative factor: Many reported results are historical and not JORC compliant or verified by the company - Negative factor: Projects are still under option, with exercise decisions pending based on future exploration results - Negative factor: Early-stage exploration with significant inferred resources and no defined JORC Mineral Resources yet Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 58 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The document highlights the projects' location within PNG, which hosts several of the world’s largest gold and copper deposits, and mentions sustained interest from major mining companies as an indicator of scale. Evidence · text > PNG hosts several of the world’s largest gold and copper deposits, including Porgera, Lihir, Ok Tedi and Wafi‑Golpu. ... Sustained interest from major mining companies is a strong independent indicator of the scale of the system **QP/CP Signed** Polarity: positive Story-specific tag 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: The report includes a Competent Person's statement signed by Mr Brent Laws, who is a Member of The Australasian Institute of Mining and Metallurgy. Evidence · text > The information in this report that relates to exploration results is based on, and fairly represents information and supporting documentation prepared by Mr Brent Laws, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. ## Extracted facts Stored fact records: 58. Some facts used in scoring do not have a stored record. ## Drill Results (58) ### Fact 1 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-0) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 23.2 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample returned an exceptionally high gold grade, confirming the presence of a high-grade epithermal gold system at surface within the Weioko Gold District. - Positive factor: High-grade gold result from surface sampling - Positive factor: Confirms presence of high-grade epithermal system - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1003 Weioko 23.2 10.2 #### 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 23.2 g/t is exceptionally high for a surface sample. Evidence · text > W1003 Weioko 23.2 10.2 ### Fact 2 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-1) East Normanby Gold Project · silver #### Identity - Project: East Normanby Gold Project - Commodity: silver - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 10.2 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample shows a notable silver credit associated with the high-grade gold, typical of epithermal systems. - Positive factor: Silver credit alongside high-grade gold - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1003 Weioko 23.2 10.2 #### 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 3 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-2) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 13.1 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Another strong gold grade from rock chip sampling at Weioko, reinforcing the prospectivity of the area. - Positive factor: High-grade gold result from surface sampling - Positive factor: Supports interpreted gold trend - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1001 Weioko 13.1 4.0 #### 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 13.1 g/t is very high for a surface sample. Evidence · text > W1001 Weioko 13.1 4.0 ### Fact 4 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-3) East Normanby Gold Project · silver #### Identity - Project: East Normanby Gold Project - Commodity: silver - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 4 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A moderate silver grade associated with gold in a rock chip sample from Weioko. - Positive factor: Silver credit alongside high-grade gold - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1001 Weioko 13.1 4.0 #### 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 5 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-4) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 10 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: Another high-grade gold rock chip sample from Weioko, further validating the prospectivity. - Positive factor: High-grade gold result from surface sampling - Positive factor: Supports interpreted gold trend - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1005 Weioko 10.0 12.3 #### 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 10.0 g/t is very high for a surface sample. Evidence · text > W1005 Weioko 10.0 12.3 ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-5) East Normanby Gold Project · silver #### Identity - Project: East Normanby Gold Project - Commodity: silver - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 12.3 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A notable silver grade associated with gold in a rock chip sample from Weioko. - Positive factor: Silver credit alongside high-grade gold - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1005 Weioko 10.0 12.3 #### 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 7 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-6) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 5.4 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong gold grade from rock chip sampling at Weioko, indicating consistent mineralization. - Positive factor: Strong gold result from surface sampling - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1007 Weioko 5.4 9.9 #### 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 8 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-7) East Normanby Gold Project · silver #### Identity - Project: East Normanby Gold Project - Commodity: silver - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 9.9 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A notable silver grade associated with gold in a rock chip sample from Weioko. - Positive factor: Silver credit alongside gold - Negative factor: Selective surface sample, not representative of overall deposit grade Evidence · text > W1007 Weioko 5.4 9.9 #### 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 9 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-8) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 1.17 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample confirms gold mineralization, though at a lower grade than other samples from Weioko. - Positive factor: Confirms gold presence - Negative factor: Lower grade compared to other samples - Negative factor: Selective surface sample Evidence · text > W1002 Weioko 1.17 — #### 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 10 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-9) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 0.82 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample confirms gold mineralization, though at a lower grade than other samples from Weioko. - Positive factor: Confirms gold presence - Negative factor: Lower grade compared to other samples - Negative factor: Selective surface sample Evidence · text > W1004 Weioko 0.82 — #### 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 11 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-10) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 2.4 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Wenasia - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A solid gold grade from rock chip sampling at Wenasia, extending the interpreted gold trend. - Positive factor: Confirms gold presence at Wenasia - Positive factor: Supports interpreted gold trend - Negative factor: Selective surface sample Evidence · text > W1006 Wenasia 2.4 82 #### 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 12 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-11) East Normanby Gold Project · silver #### Identity - Project: East Normanby Gold Project - Commodity: silver - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 82 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Wenasia - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade silver result from Wenasia, indicating significant silver credits in the epithermal system. - Positive factor: High-grade silver credit alongside gold - Positive factor: Confirms polymetallic nature - Negative factor: Selective surface sample Evidence · text > W1006 Wenasia 2.4 82 #### 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 13 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-12) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 12.4 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade gold rock chip sample from Gwamogwamo, supporting the presence of a gold-copper corridor. - Positive factor: High-grade gold result from rock chip sampling - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 12.4 g/t Au with 0.25% Cu \(sample 705343\) #### 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 12.4 g/t is very high for a surface sample. Evidence · text > 12.4 g/t Au with 0.25% Cu \(sample 705343\) ### Fact 14 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-13) East Normanby Gold Project · copper #### Identity - Project: East Normanby Gold Project - Commodity: copper - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 0.25 - Grade Unit: % #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A notable copper credit associated with high-grade gold in a rock chip sample from Gwamogwamo. - Positive factor: Copper credit alongside high-grade gold - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 12.4 g/t Au with 0.25% Cu \(sample 705343\) #### 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 15 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-14) East Normanby Gold Project · copper #### Identity - Project: East Normanby Gold Project - Commodity: copper - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 4.8 - Grade Unit: % #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: An exceptionally high-grade copper rock chip sample from Gwamogwamo, strongly indicating significant copper mineralization. - Positive factor: Very high-grade copper result from rock chip sampling - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 4.8% Cu \(sample 705358\) #### 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The copper grade of 4.8% is exceptionally high for a surface sample. Evidence · text > 4.8% Cu \(sample 705358\) ### Fact 16 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-15) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 3.7 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong gold grade from rock chip sampling at Gwamogwamo, further supporting the gold-copper corridor. - Positive factor: Strong gold result from rock chip sampling - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 3.7 g/t Au \(sample 705341\) #### 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 17 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-16) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 1.4 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A solid gold grade from rock chip sampling at Gwamogwamo, indicating consistent mineralization. - Positive factor: Solid gold result from rock chip sampling - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 1.4 g/t Au with 1.7% Cu \(sample 705336\) #### 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 18 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-17) East Normanby Gold Project · copper #### Identity - Project: East Normanby Gold Project - Commodity: copper - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 1.7 - Grade Unit: % #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A high-grade copper credit associated with gold in a rock chip sample from Gwamogwamo. - Positive factor: High-grade copper credit alongside gold - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 1.4 g/t Au with 1.7% Cu \(sample 705336\) #### 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 19 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-18) East Normanby Gold Project · gold #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 2 - Grade Unit: g/t #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A solid gold grade from rock chip sampling at Gwamogwamo, indicating consistent mineralization. - Positive factor: Solid gold result from rock chip sampling - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 2.0 g/t Au with 0.5% Cu \(sample 705364\) #### 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 20 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-19) East Normanby Gold Project · copper #### Identity - Project: East Normanby Gold Project - Commodity: copper - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 0.5 - Grade Unit: % #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: surface - Mining Method: underground #### Location - Location: Gwamogwamo - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A strong copper credit associated with gold in a rock chip sample from Gwamogwamo. - Positive factor: Strong copper credit alongside gold - Positive factor: Confirms gold-copper corridor - Negative factor: Selective surface sample Evidence · text > 2.0 g/t Au with 0.5% Cu \(sample 705364\) #### 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 21 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-20) Uaroo Ridge · gold #### Identity - Project: Uaroo Ridge - Commodity: gold - Region: gascoyne, wa - Reported Region: Gascoyne, WA - Ticker: TAR #### Geometry - Grade: 0.5 - Grade Unit: g/t #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Uaroo Ridge - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample shows consistent gold anomalism at the newly identified Uaroo Ridge prospect. - Positive factor: Consistent gold anomalism in rock chip samples - Positive factor: Identified previously undocumented prospect - Negative factor: Selective surface sample - Negative factor: Early-stage reconnaissance Evidence · text > 0.5 g/t Au with 0.4% Cu \(UARK001\) #### 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 22 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-21) Uaroo Ridge · copper #### Identity - Project: Uaroo Ridge - Commodity: copper - Region: gascoyne, wa - Reported Region: Gascoyne, WA - Ticker: TAR #### Geometry - Grade: 0.4 - Grade Unit: % #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Uaroo Ridge - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample shows consistent copper anomalism at the newly identified Uaroo Ridge prospect. - Positive factor: Consistent copper anomalism in rock chip samples - Positive factor: Identified previously undocumented prospect - Negative factor: Selective surface sample - Negative factor: Early-stage reconnaissance Evidence · text > 0.5 g/t Au with 0.4% Cu \(UARK001\) #### 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 23 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-22) Uaroo Ridge · gold #### Identity - Project: Uaroo Ridge - Commodity: gold - Region: gascoyne, wa - Reported Region: Gascoyne, WA - Ticker: TAR #### Geometry - Grade: 0.1 - Grade Unit: g/t #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Uaroo Ridge - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample confirms gold anomalism at Uaroo Ridge, though at a lower grade. - Positive factor: Confirms gold anomalism - Negative factor: Lower grade - Negative factor: Selective surface sample - Negative factor: Early-stage reconnaissance Evidence · text > 0.1 g/t Au with 1.0% Cu \(UARK021\) #### 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 24 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-23) Uaroo Ridge · copper #### Identity - Project: Uaroo Ridge - Commodity: copper - Region: gascoyne, wa - Reported Region: Gascoyne, WA - Ticker: TAR #### Geometry - Grade: 1 - Grade Unit: % #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Uaroo Ridge - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample shows strong copper anomalism at the newly identified Uaroo Ridge prospect. - Positive factor: Strong copper anomalism in rock chip samples - Positive factor: Identified previously undocumented prospect - Negative factor: Selective surface sample - Negative factor: Early-stage reconnaissance Evidence · text > 0.1 g/t Au with 1.0% Cu \(UARK021\) #### 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 25 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-24) Thowagee Project · lead #### Identity - Project: Thowagee Project - Commodity: lead - Region: gascoyne, wa - Reported Region: Gascoyne, WA - Ticker: TAR #### Geometry - Grade: 2.38 - Grade Unit: % #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Thowagee - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample shows lead anomalism coincident with geophysical anomalies at Thowagee. - Positive factor: Lead anomalism in rock chip samples - Positive factor: Coincident with geophysical anomalies - Negative factor: Selective surface sample Evidence · text > 2.38% Pb and 0.5 g/t Au \(THRK080\) #### 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 26 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-25) Thowagee Project · gold #### Identity - Project: Thowagee Project - Commodity: gold - Region: gascoyne, wa - Reported Region: Gascoyne, WA - Ticker: TAR #### Geometry - Grade: 0.5 - Grade Unit: g/t #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Thowagee - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample shows gold anomalism coincident with geophysical anomalies at Thowagee. - Positive factor: Gold anomalism in rock chip samples - Positive factor: Coincident with geophysical anomalies - Negative factor: Selective surface sample Evidence · text > 2.38% Pb and 0.5 g/t Au \(THRK080\) #### 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 27 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-26) Thowagee Project · zinc #### Identity - Project: Thowagee Project - Commodity: zinc - Region: gascoyne, wa - Reported Region: Gascoyne, WA - Ticker: TAR #### Geometry - Grade: 0.84 - Grade Unit: % #### Classification - Program: exploration - Sample Type: surface #### Location - Location: Thowagee - Loc. Source: document #### QA/QC - QA/QC Disclosed: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This rock chip sample shows zinc anomalism coincident with geophysical anomalies at Thowagee. - Positive factor: Zinc anomalism in rock chip samples - Positive factor: Coincident with geophysical anomalies - Negative factor: Selective surface sample Evidence · text > 0.84% Zn \(THRK065\) #### 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 28 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-27) East Normanby Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 2.4 - Grade Unit: g/t - Intercept: 108 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: channel - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical trench result indicates significant gold mineralization over a substantial width, providing context for current exploration efforts. - Positive factor: Historical high-grade trench intercept - Positive factor: Demonstrates presence of significant mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 108m @ 2.4g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 108m @ 2.4g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### Fact 29 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-28) East Normanby Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 4.9 - Grade Unit: g/t - Intercept: 28 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: channel - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a higher-grade zone within the broader trench intercept, indicating localized high-grade mineralization. - Positive factor: Historical high-grade sub-interval within a broader historical intercept - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 28m @ 4.9g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 28m @ 4.9g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### Fact 30 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-29) East Normanby Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 21.9 - Grade Unit: g/t - Intercept: 4 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: channel - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a very high-grade zone within the broader trench intercept, highlighting bonanza-grade potential. - Positive factor: Very high-grade sub-interval within a broader historical intercept - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 4m @ 21.9g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 21.9 g/t is exceptionally high for a trench sample. Evidence · text > 4m @ 21.9g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 4m @ 21.9g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### Fact 31 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-30) East Normanby Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 5.9 - Grade Unit: g/t - Intercept: 68 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: channel - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical trench result indicates significant gold mineralization over a substantial width, providing context for current exploration efforts. - Positive factor: Historical high-grade trench intercept - Positive factor: Demonstrates presence of significant mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 68m @ 5.9g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 68m @ 5.9g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### Fact 32 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-31) East Normanby Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 58.9 - Grade Unit: g/t - Intercept: 4 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: channel - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows an exceptionally high-grade zone within the broader trench intercept, indicating bonanza-grade potential. - Positive factor: Exceptionally high-grade sub-interval within a broader historical intercept - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 4m @ 58.9g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 58.9 g/t is exceptionally high for a trench sample. Evidence · text > 4m @ 58.9g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 4m @ 58.9g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### Fact 33 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-32) East Normanby Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: East Normanby Gold Project - Commodity: gold - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Geometry - Grade: 8.7 - Grade Unit: g/t - Intercept: 44 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: channel - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a high-grade zone within the broader trench intercept, indicating significant mineralization. - Positive factor: High-grade sub-interval within a broader historical intercept - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 44m @ 8.7g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 44m @ 8.7g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### PWED047 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-33) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PWED047 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 2.2 - Grade Unit: g/t - Intercept: 64.6 m - From: 0 m - To: 64.6 m - Intercept Depth: 0 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PWED047:0-64.6 - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept shows broad gold mineralization from surface, with the hole ending in mineralization, suggesting potential for depth extension. - Positive factor: Historical broad intercept from surface - Positive factor: Hole finished in mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 64.6m @ 2.2g/t Au from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 64.6m @ 2.2g/t Au from surface **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### PWED047 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-34) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PWED047 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 33.9 - Grade Unit: g/t - Intercept: 2.9 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a very high-grade zone within the broader drill intercept, indicating bonanza-grade potential. - Positive factor: Historical very high-grade sub-interval - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 2.9m @ 33.9g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 33.9 g/t is exceptionally high for a drill intercept. Evidence · text > 2.9m @ 33.9g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 2.9m @ 33.9g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### PWED035 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-35) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PWED035 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 2.7 - Grade Unit: g/t - Intercept: 36 m - From: 0 m - To: 36 m - Intercept Depth: 0 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PWED035:0-36 - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept shows broad gold mineralization from surface, with the hole ending in mineralization, suggesting potential for depth extension. - Positive factor: Historical broad intercept from surface - Positive factor: Hole finished in mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 36m @ 2.7g/t Au from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 36m @ 2.7g/t Au from surface **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### PWED035 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-36) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PWED035 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 3.6 - Grade Unit: g/t - Intercept: 18 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a higher-grade zone within the broader drill intercept, indicating significant mineralization. - Positive factor: Historical high-grade sub-interval - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 18m @ 3.6g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 18m @ 3.6g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### PWED041 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-37) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PWED041 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 2 - Grade Unit: g/t - Intercept: 51.4 m - From: 0 m - To: 51.4 m - Intercept Depth: 0 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PWED041:0-51.4 - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept shows broad gold mineralization from surface, with the hole ending in mineralization, suggesting potential for depth extension. - Positive factor: Historical broad intercept from surface - Positive factor: Hole finished in mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 51.4m @ 2.0g/t Au from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 51.4m @ 2.0g/t Au from surface **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### PWED041 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-38) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PWED041 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 16.3 - Grade Unit: g/t - Intercept: 3 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a very high-grade zone within the broader drill intercept, indicating bonanza-grade potential. - Positive factor: Historical very high-grade sub-interval - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 3m @ 16.3g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 16.3 g/t is exceptionally high for a drill intercept. Evidence · text > 3m @ 16.3g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 3m @ 16.3g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### WEH031 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-39) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: WEH031 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 1.5 - Grade Unit: g/t - Intercept: 63.8 m - From: 1 m - To: 64.8 m - Intercept Depth: 1 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: WEH031:1-64.8 - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept shows broad gold mineralization, with the hole ending in low-grade mineralization. - Positive factor: Historical broad intercept - Positive factor: Hole finished in low-grade mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 63.8m @ 1.5g/t Au from 1m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 63.8m @ 1.5g/t Au from 1m **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### PWED043 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-40) East Normanby · gold Historical result Needs review: historical\_restatement #### Identity - Hole ID: PWED043 - Project: East Normanby - Commodity: gold - Region: milne bay province, png - Reported Region: milne bay province, png - Ticker: TAR #### Geometry - Grade: 1.3 - Grade Unit: g/t - Intercept: 59.3 m - From: 0 m - To: 59.3 m - Intercept Depth: 0 m #### Classification - Deposit Type: epithermal - Program: exploration - Sample Type: drill - Group ID: PWED043:0-59.3 - Mining Method: underground #### Location - Location: Weioko - Loc. Source: document #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2009-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept shows broad gold mineralization from surface, with the hole ending in low-grade mineralization. - Positive factor: Historical broad intercept from surface - Positive factor: Hole finished in low-grade mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 59.3m @ 1.3g/t Au from surface #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 59.3m @ 1.3g/t Au from surface **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2009, re-released in this report. Evidence · text > Historical exploration between 1987 and 2009 comprised 67 drill holes for 5,792 m, together with extensive trenching. Significant historical results include ### Fact 42 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-41) Kol Mountain · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Kol Mountain - Commodity: copper - Region: east new britain province, png - Reported Region: east new britain province, png - Ticker: TAR #### Geometry - Grade: 0.38 - Grade Unit: % - Intercept: 222 m - From: 3 m - To: 225 m - Intercept Depth: 3 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: Kol\_Mountain:3-225 - Mining Method: open\_pit #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept shows broad, consistent copper mineralization typical of a large porphyry system. - Positive factor: Historical broad porphyry-style intercept - Positive factor: Indicates large-scale system - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 222 m @ 0.38% Cu from 3 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 222 m @ 0.38% Cu from 3 m **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 43 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-42) Kol Mountain · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Kol Mountain - Commodity: copper - Region: east new britain province, png - Reported Region: east new britain province, png - Ticker: TAR #### Geometry - Grade: 0.3 - Grade Unit: % - Intercept: 184 m - From: 2 m - To: 186 m - Intercept Depth: 2 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Group ID: Kol\_Mountain:2-186 - Mining Method: open\_pit #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept shows broad, consistent copper mineralization typical of a large porphyry system. - Positive factor: Historical broad porphyry-style intercept - Positive factor: Indicates large-scale system - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 184 m @ 0.3% Cu from 2 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 184 m @ 0.3% Cu from 2 m **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 44 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-43) Kol Mountain · copper Historical result Needs review: drill\_no\_hole\_id #### Identity - Project: Kol Mountain - Commodity: copper - Region: east new britain province, png - Reported Region: east new britain province, png - Ticker: TAR #### Geometry - Grade: 0.57 - Grade Unit: % - Intercept: 16 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: drill - Mining Method: open\_pit #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical drill intercept highlights a high-grade supergene enrichment zone, indicating potential for near-surface higher grades. - Positive factor: Historical high-grade supergene enrichment zone - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 16 m @ 0.57% Cu identified #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a downhole length, not a true width. Evidence · text > 16 m @ 0.57% Cu identified **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 45 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-44) Kol Mountain Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kol Mountain Copper-Gold Project - Commodity: gold - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Geometry - Grade: 63.5 - Grade Unit: g/t #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: surface - Mining Method: open\_pit #### Location - Location: Agadul Shear - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical surface sample shows exceptionally high-grade gold, highlighting the bonanza-grade potential of the Agadul Shear. - Positive factor: Historical exceptionally high-grade gold from surface sampling - Positive factor: Indicates high-grade potential within the shear system - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Selective surface sample Evidence · text > up to 63.5 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 63.5 g/t is exceptionally high for a surface sample. Evidence · text > up to 63.5 g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 46 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-45) Kol Mountain Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kol Mountain Copper-Gold Project - Commodity: gold - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Geometry - Grade: 1.5 - Grade Unit: g/t - Intercept: 60 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: channel - Mining Method: open\_pit #### Location - Location: Agadul Shear - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical trench result shows broad gold mineralization over a significant width in the Agadul Shear. - Positive factor: Historical broad trench intercept - Positive factor: Indicates significant gold mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 60 m @ 1.5 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 60 m @ 1.5 g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 47 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-46) Kol Mountain Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kol Mountain Copper-Gold Project - Commodity: gold - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Geometry - Grade: 21.3 - Grade Unit: g/t - Intercept: 2 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: channel - Mining Method: open\_pit #### Location - Location: Agadul Shear - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a very high-grade zone within the broader trench intercept, indicating bonanza-grade potential. - Positive factor: Historical very high-grade sub-interval within a broader trench intercept - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 2 m @ 21.3 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 21.3 g/t is exceptionally high for a trench sample. Evidence · text > 2 m @ 21.3 g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 2 m @ 21.3 g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 48 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-47) Kol Mountain Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kol Mountain Copper-Gold Project - Commodity: gold - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Geometry - Grade: 3.2 - Grade Unit: g/t - Intercept: 55 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: channel - Mining Method: open\_pit #### Location - Location: Kapea Shear South - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical trench result shows broad gold mineralization over a significant width in the Kapea Shear South. - Positive factor: Historical broad trench intercept - Positive factor: Indicates significant gold mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 55 m @ 3.2 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 55 m @ 3.2 g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 49 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-48) Kol Mountain Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kol Mountain Copper-Gold Project - Commodity: gold - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Geometry - Grade: 13.1 - Grade Unit: g/t - Intercept: 5 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: channel - Mining Method: open\_pit #### Location - Location: Kapea Shear South - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a very high-grade zone within the broader trench intercept, indicating bonanza-grade potential. - Positive factor: Historical very high-grade sub-interval within a broader trench intercept - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 5 m @ 13.1 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: Exceptionally high-grade zone, well above the deposit-type norm. Reason: The gold grade of 13.1 g/t is very high for a trench sample. Evidence · text > 5 m @ 13.1 g/t Au **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 5 m @ 13.1 g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 50 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-49) Kol Mountain Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kol Mountain Copper-Gold Project - Commodity: gold - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Geometry - Grade: 2.9 - Grade Unit: g/t - Intercept: 33.6 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: channel - Mining Method: open\_pit #### Location - Location: Kapea Shear North - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical trench result shows broad gold mineralization over a significant width in the Kapea Shear North. - Positive factor: Historical broad trench intercept - Positive factor: Indicates significant gold mineralization - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 33.6 m @ 2.9 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 33.6 m @ 2.9 g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 51 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-50) Kol Mountain Copper-Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Kol Mountain Copper-Gold Project - Commodity: gold - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Geometry - Grade: 8.3 - Grade Unit: g/t - Intercept: 8 m #### Classification - Deposit Type: porphyry - Program: exploration - Sample Type: channel - Mining Method: open\_pit #### Location - Location: Kapea Shear North - Loc. Source: document #### QA/QC - QA/QC Disclosed: No #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Interp. Status: scored - Historical: Yes - Historical Source Date: 2013-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: This historical sub-interval shows a higher-grade zone within the broader trench intercept, indicating significant mineralization. - Positive factor: Historical high-grade sub-interval within a broader trench intercept - Negative factor: Historical data, not JORC compliant or verified - Negative factor: Apparent width only Evidence · text > 8 m @ 8.3 g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Reason: The interval is given as a trench length, not a true width. Evidence · text > 8 m @ 8.3 g/t Au **Stale Data Re-release** — Rejected; excluded from scoring Polarity: negative Definition: Historical results re-announced with no new assays or reinterpretation — low genuine novelty. Reason: This is a historical result from exploration between 1987 and 2013, re-released in this report. Evidence · text > explored historically by BHP, CRA \(now Rio Tinto\), Ok Tedi Mining and Frontier Resources, who between 1987 and 2013 completed 37 drill holes for 8,620 m. ### Fact 52 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-51) East Normanby Gold Project #### Identity - Project: East Normanby Gold Project - Region: png - Reported Region: Papua New Guinea - Ticker: TAR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company secured a 12-month option to acquire 100% of the East Normanby Gold Project, a significant strategic move into a world-class gold province. - Positive factor: Secured 100% option over a highly prospective gold project - Positive factor: Capital-efficient acquisition structure - Negative factor: Option, not outright acquisition, requires future exercise decision Evidence · text > secured an option to acquire 100% of two projects in Papua New Guinea, the East Normanby Gold Project #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 53 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-52) Kol Mountain Copper-Gold Project #### Identity - Project: Kol Mountain Copper-Gold Project - Region: png - Reported Region: Papua New Guinea - Ticker: TAR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The company secured a 12-month option to acquire 100% of the Kol Mountain Copper-Gold Project, a significant strategic move into a world-class copper-gold province. - Positive factor: Secured 100% option over a highly prospective copper-gold project - Positive factor: Capital-efficient acquisition structure - Negative factor: Option, not outright acquisition, requires future exercise decision Evidence · text > secured an option to acquire 100% of two projects in Papua New Guinea, ... the Kol Mountain Copper Gold Project #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 54 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-53) Kol Mountain Copper-Gold Project #### Identity - Project: Kol Mountain Copper-Gold Project - Region: east new britain province, png - Reported Region: East New Britain Province, PNG - Ticker: TAR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The execution of an MOU with the Makolkol Land Group is a critical de-risking milestone, ensuring community support and access for exploration activities at Kol Mountain. - Positive factor: Establishes community framework for exploration access - Positive factor: De-risks project advancement - Positive factor: Demonstrates strong community backing Evidence · text > signed a Memorandum of Understanding with the Makolkol Land Group Incorporated #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 55 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-54) #### Identity - Ticker: TAR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: A A$1.5 million placement at $0.01 per share successfully funded the company's new PNG acquisitions and initial exploration, demonstrating investor confidence. - Positive factor: Successfully funded new project acquisitions and exploration - Positive factor: Strong director participation in the placement Evidence · text > A$1.5 million placement at one cent per share #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 56 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-55) East Normanby Gold Project #### Identity - Project: East Normanby Gold Project - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The granting of EL2830 is a crucial permitting milestone, securing tenure over 361 km² of the East Normanby Gold Project and enabling future drilling activities. - Positive factor: Secures tenure over a significant portion of the project - Positive factor: Clears path for maiden drilling program Evidence · text > On 22 June 2026 exploration licences EL2830 and EL2831 were granted on Normanby Island, giving us tenure over the Weioko deposit and the ability to permit drilling. ... EL2830 covers 361 km² #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 57 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-56) East Normanby Gold Project #### Identity - Project: East Normanby Gold Project - Region: milne bay province, png - Reported Region: Milne Bay Province, PNG - Ticker: TAR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The granting of EL2831 is a crucial permitting milestone, securing tenure over 24 km² of the East Normanby Gold Project and enabling future drilling activities, also triggering performance rights. - Positive factor: Secures tenure over a significant portion of the project - Positive factor: Clears path for maiden drilling program - Positive factor: Triggered vesting of vendor performance rights Evidence · text > On 22 June 2026 exploration licences EL2830 and EL2831 were granted on Normanby Island, giving us tenure over the Weioko deposit and the ability to permit drilling. ... EL2831 covers 24 km² #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 58 [Link to this fact](https://atlas-staging.minestarters.com/news/tar-annual-report-to-shareholders--917149af-8738-4fef-8e21-1ebb4dfb8a78#fact-drill-facts-57) Yagahong North Project #### Identity - Project: Yagahong North Project - Region: australia\_wa - Reported Region: Western Australia - Ticker: TAR #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-09-30T00:00:00.000Z Reasoning: The Yagahong North Project is subject to a farm-in agreement, indicating ongoing exploration by a partner. - Positive factor: Farm-in agreement provides funding and expertise for exploration Evidence · text > The Yagahong North Project is currently subject to a farm-in agreement with Lion Rock Minerals Ltd. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 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 ## 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.