TER: FY2026 Audited Annual Report
Original announcement by asx on
- Company
- TerraCom Limited
- Ticker
- TER
- Exchange
- ASX
- Region
- Unavailable
- Primary commodity
- Coal
- Secondary commodities
- None reported
- Document categories
- Other, Resource update, Production
- Extracted
- 2026-10-06 23:13:16 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
TerraCom Limited reported its FY2026 audited annual results, revealing a net loss of A$155.5 million and significant non-cash impairments totaling A$103.5 million on its Blair Athol mine and South African assets. The company also disclosed a material uncertainty regarding its ability to continue as a going concern, citing production challenges at Blair Athol and increased reliance on new funding arrangements. Operational performance at Blair Athol was below plan, and the North Block Complex mine life was reduced from eight to two years, leading to a full impairment.
Reasoning: TerraCom Limited reported a significant net loss and substantial non-cash impairments on its Blair Athol mine and South African assets, leading to a material uncertainty about its ability to continue as a going concern. Production at Blair Athol was below plan, and the North Block Complex mine life was significantly reduced.
Negative factors
- Significant non-cash impairments on key assets
- Substantial net loss after tax
- Material uncertainty regarding going concern
- Production below plan at Blair Athol
- Increased operating costs
- Reduced mine life for North Block Complex
- Disposal of South African assets being pursued
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 76
Classification and evidence
Going Concern Uncertaintynegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The financial statements disclose a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern.
Evidence · text
“a material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern.”
Impairment Recognizednegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The company recognized a non-cash impairment of $53.0 million on the Blair Athol mine and $50.5 million on South African associates.
Evidence · text
“A non-cash impairment of $53.0 million on the Blair Athol mine (property, plant and equipment)... Non-cash impairments of $50.5 million on the Group's South African associates”
Production Below Plannegative · Story-specific tag
No canonical definition is currently available.
Why it applies: Performance at Blair Athol Mine has not been at the expected level, and coal sales for the year were below guidance.
Evidence · text
“Performance at our Blair Athol Mine has not been at the level the Board, management or our shareholders expect. Operational challenges experienced during the June quarter continued into the early part of FY2027, affecting production, sales volumes and the Company’s near-term working capital position.”
Mine Life Reductionnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The proven reserves for North Block Complex reduced from approximately 40Mt to 8.8Mt, reducing the remaining mine life from eight years to two years.
Evidence · text
“the proven reserves supporting the impairment assessment reduced from approximately 40Mt to 8.8Mt, reflecting depletion from mining and the exclusion of reserves no longer expected to be economically recovered... This reduced the remaining mine life from approximately eight years to two years.”
Capital Raiseneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: The Group has signed term sheets for a US$20 million coal prepayment agreement to secure additional liquidity.
Evidence · text
“The Group has signed term sheets to enter into a US$20 million coal prepayment agreement with an international coal trader”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document includes updated JORC Resources and Reserves Statements for various projects.
Evidence · text
“JORC RESOURCES AND RESERVES STATEMENT”
Extracted facts
Stored fact records: 53. Some facts used in scoring do not have a stored record.
Resource Estimates (53)
provenBlair Athol · thermal coalTonnes: 13900000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Hayden Jones
- Resource group id
- resource:67fb51fd58b447e244e2
Resource Data
- Category
- proven
- Tonnes
- 13900000
Prior Estimate
- Resource Date
- 2025-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The Blair Athol mine has a significant amount of proved thermal coal reserves, indicating a high level of geological confidence.
Positive factors
- Proved reserves provide high confidence
Evidence · table
“13.9”
Context: 16
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableBlair Athol · thermal coalTonnes: 2100000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Hayden Jones
- Resource group id
- resource:211cb442c2c85ae92631
Resource Data
- Category
- probable
- Tonnes
- 2100000
Prior Estimate
- Resource Date
- 2025-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: The Blair Athol mine has probable thermal coal reserves, adding to the overall resource base with reasonable confidence.
Evidence · table
“2.1”
Context: 16
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableBlair Athol · thermal coalTonnes: 16000000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Hayden Jones
- Resource group id
- resource:eb9a5d60da28387b773c
Resource Data
- Category
- probable
- Tonnes
- 16000000
Prior Estimate
- Resource Date
- 2025-10-15
- Prior Tonnes
- 18000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total recoverable reserves at Blair Athol decreased from the prior year, indicating a reduction in the economically extractable portion of the resource.
Negative factors
- Overall reserve tonnage decreased compared to prior year
Evidence · table
“16”
Context: 16
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 16000000 against 18000000 previously
provenBlair Athol · thermal coalTonnes: 11200000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Hayden Jones
- Resource group id
- resource:be753ff9e88032dd4956
Resource Data
- Category
- proven
- Tonnes
- 11200000
Prior Estimate
- Resource Date
- 2025-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Blair Athol has a substantial amount of proved marketable reserves, indicating a high confidence in the saleable portion of the resource.
Positive factors
- Proved marketable reserves provide high confidence for sales
Evidence · table
“11.2”
Context: 12.5
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableBlair Athol · thermal coalTonnes: 1300000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Hayden Jones
- Resource group id
- resource:897239ee7780afb76192
Resource Data
- Category
- probable
- Tonnes
- 1300000
Prior Estimate
- Resource Date
- 2025-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Blair Athol has probable marketable reserves, contributing to the overall saleable resource base with reasonable confidence.
Evidence · table
“1.3”
Context: 12.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableBlair Athol · thermal coalTonnes: 12500000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Hayden Jones
- Resource group id
- resource:9ee45f57aa5bb82582cb
Resource Data
- Category
- probable
- Tonnes
- 12500000
Prior Estimate
- Resource Date
- 2025-10-15
- Prior Tonnes
- 14000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total marketable reserves at Blair Athol decreased from the prior year, indicating a reduction in the saleable portion of the resource.
Negative factors
- Overall marketable reserve tonnage decreased compared to prior year
Evidence · table
“12.5”
Context: 12.5
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 12500000 against 14000000 previously
measuredBlair Athol · thermal coalTonnes: 19000000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Greg Jones
- Resource group id
- resource:e288cd2ded527513a23e
Resource Data
- Category
- measured
- Tonnes
- 19000000
Prior Estimate
- Resource Date
- 2025-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Blair Athol has a significant measured resource, indicating a high level of geological confidence and well-established tonnage.
Positive factors
- High confidence in measured resource
Evidence · table
“19”
Context: 25
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedBlair Athol · thermal coalTonnes: 5000000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Greg Jones
- Resource group id
- resource:6426aaed94d98c2d0f88
Resource Data
- Category
- indicated
- Tonnes
- 5000000
Prior Estimate
- Resource Date
- 2025-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Blair Athol has indicated thermal coal resources, providing reasonable geological confidence for future planning.
Evidence · table
“5”
Context: 25
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBlair Athol · thermal coalTonnes: 1000000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Greg Jones
- Resource group id
- resource:afacf9403e2151a7ffb0
Resource Data
- Category
- inferred
- Tonnes
- 1000000
Prior Estimate
- Resource Date
- 2025-10-15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Blair Athol has inferred thermal coal resources, representing a speculative category with limited drilling.
Evidence · table
“1”
Context: 25
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBlair Athol · thermal coalTonnes: 25000000View all detailsHide details
Identity
- Project
- Blair Athol
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Greg Jones
- Resource group id
- resource:1fd65e712dc3415b5c9d
Resource Data
- Category
- inferred
- Tonnes
- 25000000
Prior Estimate
- Resource Date
- 2025-10-15
- Prior Tonnes
- 27000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources at Blair Athol decreased from the prior year, primarily due to mining depletion and geological model revisions.
Negative factors
- Overall resource tonnage decreased compared to prior year
Evidence · table
“25”
Context: 25
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 25000000 against 27000000 previously
indicatedSpringsure · pci coalTonnes: 43000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springsure
- Commodity
- pci coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:780dc486bbe57e08c885
- Ownership percent
- 90.07 %
Resource Data
- Category
- indicated
- Tonnes
- 43000000
Prior Estimate
- Resource Date
- 2013-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-11-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Springsure has an indicated resource of PCI coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“43”
Context: 191
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSpringsure · thermal coalTonnes: 43000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springsure
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:780dc486bbe57e08c885
- Ownership percent
- 90.07 %
Resource Data
- Category
- indicated
- Tonnes
- 43000000
Prior Estimate
- Resource Date
- 2013-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-11-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Springsure has an indicated resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“43”
Context: 191
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSpringsure · pci coalTonnes: 148000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springsure
- Commodity
- pci coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:2dbb8d00a338dc2a3930
- Ownership percent
- 90.07 %
Resource Data
- Category
- inferred
- Tonnes
- 148000000
Prior Estimate
- Resource Date
- 2013-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-11-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Springsure has an inferred resource of PCI coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“148”
Context: 191
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSpringsure · thermal coalTonnes: 148000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springsure
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:2dbb8d00a338dc2a3930
- Ownership percent
- 90.07 %
Resource Data
- Category
- inferred
- Tonnes
- 148000000
Prior Estimate
- Resource Date
- 2013-11-29
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-11-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Springsure has an inferred resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“148”
Context: 191
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSpringsure · pci coalTonnes: 191000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springsure
- Commodity
- pci coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:4800ca84cb2ad68991e8
- Ownership percent
- 90.07 %
Resource Data
- Category
- inferred
- Tonnes
- 191000000
Prior Estimate
- Resource Date
- 2013-11-29
- Prior Tonnes
- 191000000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-11-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Springsure remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“191”
Context: 191
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSpringsure · thermal coalTonnes: 191000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springsure
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:4800ca84cb2ad68991e8
- Ownership percent
- 90.07 %
Resource Data
- Category
- inferred
- Tonnes
- 191000000
Prior Estimate
- Resource Date
- 2013-11-29
- Prior Tonnes
- 191000000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-11-29T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Springsure remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“191”
Context: 191
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHughenden · thermal coalTonnes: 133000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hughenden
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Biggs
- Resource group id
- resource:978dc9712e95fbf7d102
Resource Data
- Category
- indicated
- Tonnes
- 133000000
Prior Estimate
- Resource Date
- 2013-02-08
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-08T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Hughenden has an indicated resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“133”
Context: 1,209
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHughenden · thermal coalTonnes: 1076000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hughenden
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Biggs
- Resource group id
- resource:8a76134fb7c39e5979d8
Resource Data
- Category
- inferred
- Tonnes
- 1076000000
Prior Estimate
- Resource Date
- 2013-02-08
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-08T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Hughenden has a large inferred resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“1,076”
Context: 1,209
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredHughenden · thermal coalTonnes: 1209000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Hughenden
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Mark Biggs
- Resource group id
- resource:b373b2e45b6407adad2c
Resource Data
- Category
- inferred
- Tonnes
- 1209000000
Prior Estimate
- Resource Date
- 2013-02-08
- Prior Tonnes
- 1209000000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-08T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Hughenden remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“1,209”
Context: 1,209
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedClyde Park · thermal coalTonnes: 51000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Clyde Park
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:29e3d6cf9612b13ce92d
- Ownership percent
- 64.4 %
Resource Data
- Category
- indicated
- Tonnes
- 51000000
Prior Estimate
- Resource Date
- 2013-02-08
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-08T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Clyde Park has an indicated resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“51”
Context: 728
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredClyde Park · thermal coalTonnes: 677000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Clyde Park
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:24a936557d6dead7141e
- Ownership percent
- 64.4 %
Resource Data
- Category
- inferred
- Tonnes
- 677000000
Prior Estimate
- Resource Date
- 2013-02-08
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-08T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Clyde Park has a large inferred resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“677”
Context: 728
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredClyde Park · thermal coalTonnes: 728000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Clyde Park
- Commodity
- thermal coal
- Region
- australia_qld
- Reported Region
- Queensland, Australia
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Kim Maloney
- Resource group id
- resource:bee12f42bcb87d45df52
- Ownership percent
- 64.4 %
Resource Data
- Category
- inferred
- Tonnes
- 728000000
Prior Estimate
- Resource Date
- 2013-02-08
- Prior Tonnes
- 728000000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-08T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Clyde Park remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“728”
Context: 728
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenNew Clydesdale Colliery · thermal coalTonnes: 24900000View all detailsHide details
Identity
- Project
- New Clydesdale Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phillip van Vuuren
- Resource group id
- resource:c2a250953050b12e06d6
- Ownership percent
- 49 %
Resource Data
- Category
- proven
- Tonnes
- 24900000
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: New Clydesdale Colliery has a significant amount of proved thermal coal reserves, indicating a high level of geological confidence.
Positive factors
- Proved reserves provide high confidence
Evidence · table
“24.9”
Context: 40.0
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableNew Clydesdale Colliery · thermal coalTonnes: 15100000View all detailsHide details
Identity
- Project
- New Clydesdale Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phillip van Vuuren
- Resource group id
- resource:b146628706fb55409929
- Ownership percent
- 49 %
Resource Data
- Category
- probable
- Tonnes
- 15100000
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: New Clydesdale Colliery has probable thermal coal reserves, adding to the overall resource base with reasonable confidence.
Evidence · table
“15.1”
Context: 40.0
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableNew Clydesdale Colliery · thermal coalTonnes: 40000000View all detailsHide details
Identity
- Project
- New Clydesdale Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phillip van Vuuren
- Resource group id
- resource:2a4f2ab6548a8c55c6fb
- Ownership percent
- 49 %
Resource Data
- Category
- probable
- Tonnes
- 40000000
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 40900000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total recoverable reserves at New Clydesdale Colliery saw a minor decrease from the prior year, indicating a slight reduction in economically extractable coal.
Negative factors
- Overall reserve tonnage slightly decreased compared to prior year
Evidence · table
“40.0”
Context: 40.0
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 40000000 against 40900000 previously
provenNorth Block Complex · thermal coalTonnes: 8800000View all detailsHide details
Identity
- Project
- North Block Complex
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phillip van Vuuren
- Resource group id
- resource:b281fede2f74a6796ae0
- Ownership percent
- 49 %
Resource Data
- Category
- proven
- Tonnes
- 8800000
Prior Estimate
- Resource Date
- 2026-06-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: North Block Complex has a notable amount of proved thermal coal reserves, indicating a high level of geological confidence.
Positive factors
- Proved reserves provide high confidence
Evidence · table
“8.8”
Context: 8.8
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenNorth Block Complex · thermal coalTonnes: 8800000View all detailsHide details
Identity
- Project
- North Block Complex
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phillip van Vuuren
- Resource group id
- resource:b281fede2f74a6796ae0
- Ownership percent
- 49 %
Resource Data
- Category
- proven
- Tonnes
- 8800000
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Tonnes
- 40100000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total recoverable reserves at North Block Complex saw a drastic reduction from the prior year, significantly impacting its mine life and future potential.
Negative factors
- Significant reduction in overall reserve tonnage compared to prior year
- Reduced mine life
Evidence · table
“8.8”
Context: 8.8
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 8800000 against 40100000 previously
probableUbuntu Colliery · thermal coalTonnes: 6300000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ubuntu Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phillip van Vuuren, Sachin Sewpersadh
- Resource group id
- resource:3f24aa5162306665e14a
- Ownership percent
- 48.9 %
Resource Data
- Category
- probable
- Tonnes
- 6300000
Prior Estimate
- Resource Date
- 2015-01-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2015-01-13T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Ubuntu Colliery has probable thermal coal reserves, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“6.3”
Context: 6.3
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableUbuntu Colliery · thermal coalTonnes: 6300000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ubuntu Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Phillip van Vuuren, Sachin Sewpersadh
- Resource group id
- resource:3f24aa5162306665e14a
- Ownership percent
- 48.9 %
Resource Data
- Category
- probable
- Tonnes
- 6300000
Prior Estimate
- Resource Date
- 2015-01-13
- Prior Tonnes
- 6300000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2015-01-13T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total recoverable reserves for Ubuntu Colliery remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“6.3”
Context: 6.3
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredNew Clydesdale Colliery · thermal coalTonnes: 59500000View all detailsHide details
Identity
- Project
- New Clydesdale Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Killion Molele
- Resource group id
- resource:e32a7651742a8ebebf74
- Ownership percent
- 49 %
Resource Data
- Category
- measured
- Tonnes
- 59500000
Prior Estimate
- Resource Date
- 2026-07-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: New Clydesdale Colliery has a significant measured resource, indicating a high level of geological confidence and well-established tonnage.
Positive factors
- High confidence in measured resource
Evidence · table
“59.5”
Context: 98.6
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedNew Clydesdale Colliery · thermal coalTonnes: 31400000View all detailsHide details
Identity
- Project
- New Clydesdale Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Killion Molele
- Resource group id
- resource:6b2c3067818b97508447
- Ownership percent
- 49 %
Resource Data
- Category
- indicated
- Tonnes
- 31400000
Prior Estimate
- Resource Date
- 2026-07-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: New Clydesdale Colliery has indicated thermal coal resources, providing reasonable geological confidence for future planning.
Evidence · table
“31.4”
Context: 98.6
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNew Clydesdale Colliery · thermal coalTonnes: 7700000View all detailsHide details
Identity
- Project
- New Clydesdale Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Killion Molele
- Resource group id
- resource:61de3fabe0690ccaf25e
- Ownership percent
- 49 %
Resource Data
- Category
- inferred
- Tonnes
- 7700000
Prior Estimate
- Resource Date
- 2026-07-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: New Clydesdale Colliery has inferred thermal coal resources, representing a speculative category with limited drilling.
Evidence · table
“7.7”
Context: 98.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNew Clydesdale Colliery · thermal coalTonnes: 98600000View all detailsHide details
Identity
- Project
- New Clydesdale Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Killion Molele
- Resource group id
- resource:c3a87aaa6a600c1fbd39
- Ownership percent
- 49 %
Resource Data
- Category
- inferred
- Tonnes
- 98600000
Prior Estimate
- Resource Date
- 2026-07-01
- Prior Tonnes
- 105500000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources at New Clydesdale Colliery decreased from the prior year, indicating a reduction in the overall resource base.
Negative factors
- Overall resource tonnage decreased compared to prior year
Evidence · table
“98.6”
Context: 98.6
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 98600000 against 105500000 previously
measuredNorth Block Complex · thermal coalTonnes: 63800000View all detailsHide details
Identity
- Project
- North Block Complex
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lydia Motedi
- Resource group id
- resource:c49433c1e1312bc1aa18
- Ownership percent
- 49 %
Resource Data
- Category
- measured
- Tonnes
- 63800000
Prior Estimate
- Resource Date
- 2026-07-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: North Block Complex has a significant measured resource, indicating a high level of geological confidence and well-established tonnage.
Positive factors
- High confidence in measured resource
Evidence · table
“63.8”
Context: 79.7
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedNorth Block Complex · thermal coalTonnes: 9200000View all detailsHide details
Identity
- Project
- North Block Complex
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lydia Motedi
- Resource group id
- resource:2d12467bb56efa932685
- Ownership percent
- 49 %
Resource Data
- Category
- indicated
- Tonnes
- 9200000
Prior Estimate
- Resource Date
- 2026-07-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: North Block Complex has indicated thermal coal resources, providing reasonable geological confidence for future planning.
Evidence · table
“9.2”
Context: 79.7
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNorth Block Complex · thermal coalTonnes: 6700000View all detailsHide details
Identity
- Project
- North Block Complex
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lydia Motedi
- Resource group id
- resource:75d6bea4ceb1ece53668
- Ownership percent
- 49 %
Resource Data
- Category
- inferred
- Tonnes
- 6700000
Prior Estimate
- Resource Date
- 2026-07-01
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: North Block Complex has inferred thermal coal resources, representing a speculative category with limited drilling.
Evidence · table
“6.7”
Context: 79.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNorth Block Complex · thermal coalTonnes: 79700000View all detailsHide details
Identity
- Project
- North Block Complex
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Lydia Motedi
- Resource group id
- resource:b542a65faab7f5012885
- Ownership percent
- 49 %
Resource Data
- Category
- inferred
- Tonnes
- 79700000
Prior Estimate
- Resource Date
- 2026-07-01
- Prior Tonnes
- 84700000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources at North Block Complex decreased from the prior year, indicating a reduction in the overall resource base.
Negative factors
- Overall resource tonnage decreased compared to prior year
Evidence · table
“79.7”
Context: 79.7
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 79700000 against 84700000 previously
measuredUbuntu Colliery · thermal coalTonnes: 20600000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ubuntu Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Sachin Sewpersadh
- Resource group id
- resource:d5c5053e5e927678944b
- Ownership percent
- 48.9 %
Resource Data
- Category
- measured
- Tonnes
- 20600000
Prior Estimate
- Resource Date
- 2015-01-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2015-01-13T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Ubuntu Colliery has a measured resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“20.6”
Context: 36.9
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedUbuntu Colliery · thermal coalTonnes: 2000000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ubuntu Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Sachin Sewpersadh
- Resource group id
- resource:04eb6d3944fd29b32187
- Ownership percent
- 48.9 %
Resource Data
- Category
- indicated
- Tonnes
- 2000000
Prior Estimate
- Resource Date
- 2015-01-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2015-01-13T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Ubuntu Colliery has an indicated resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“2.0”
Context: 36.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredUbuntu Colliery · thermal coalTonnes: 14300000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ubuntu Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Sachin Sewpersadh
- Resource group id
- resource:84d807b238e426cc9b2d
- Ownership percent
- 48.9 %
Resource Data
- Category
- inferred
- Tonnes
- 14300000
Prior Estimate
- Resource Date
- 2015-01-13
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2015-01-13T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Ubuntu Colliery has inferred thermal coal resources, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“14.3”
Context: 36.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredUbuntu Colliery · thermal coalTonnes: 36900000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Ubuntu Colliery
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Sachin Sewpersadh
- Resource group id
- resource:d29817e872e7239a3ce1
- Ownership percent
- 48.9 %
Resource Data
- Category
- inferred
- Tonnes
- 36900000
Prior Estimate
- Resource Date
- 2015-01-13
- Prior Tonnes
- 36900000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2015-01-13T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Ubuntu Colliery remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“36.9”
Context: 36.9
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredEloff Project · thermal coalTonnes: 399300000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eloff Project
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:195c88b53aa5cf6ecf7d
- Ownership percent
- 49 %
Resource Data
- Category
- measured
- Tonnes
- 399300000
Prior Estimate
- Resource Date
- 2017-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2017-07-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Eloff Project has a large measured resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“399.3”
Context: 695.2
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedEloff Project · thermal coalTonnes: 188400000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eloff Project
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:101f8ca96cd7c2cda967
- Ownership percent
- 49 %
Resource Data
- Category
- indicated
- Tonnes
- 188400000
Prior Estimate
- Resource Date
- 2017-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2017-07-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Eloff Project has an indicated resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“188.4”
Context: 695.2
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredEloff Project · thermal coalTonnes: 107500000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eloff Project
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:49577811135b06aa01a7
- Ownership percent
- 49 %
Resource Data
- Category
- inferred
- Tonnes
- 107500000
Prior Estimate
- Resource Date
- 2017-07-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2017-07-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Eloff Project has an inferred resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“107.5”
Context: 695.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredEloff Project · thermal coalTonnes: 695200000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Eloff Project
- Commodity
- thermal coal
- Region
- mpumalanga province
- Reported Region
- Mpumalanga Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:38fea44e7fe59baa7a0a
- Ownership percent
- 49 %
Resource Data
- Category
- inferred
- Tonnes
- 695200000
Prior Estimate
- Resource Date
- 2017-07-01
- Prior Tonnes
- 695200000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2017-07-01T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Eloff Project remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“695.2”
Context: 695.2
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredBerenice/Cygnus Project · thermal coalTonnes: 424900000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- thermal coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:7cc2c8b9dfa579065427
- Ownership percent
- 50 %
Resource Data
- Category
- measured
- Tonnes
- 424900000
Prior Estimate
- Resource Date
- 2013-02-23
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Berenice/Cygnus Project has a large measured resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“424.9”
Context: 1,350.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredBerenice/Cygnus Project · metallurgical coalTonnes: 424900000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- metallurgical coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:7cc2c8b9dfa579065427
- Ownership percent
- 50 %
Resource Data
- Category
- measured
- Tonnes
- 424900000
Prior Estimate
- Resource Date
- 2013-02-23
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Berenice/Cygnus Project has a large measured resource of metallurgical coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“424.9”
Context: 1,350.1
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedBerenice/Cygnus Project · thermal coalTonnes: 800900000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- thermal coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:11680ba13a600d35145d
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 800900000
Prior Estimate
- Resource Date
- 2013-02-23
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Berenice/Cygnus Project has a large indicated resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“800.9”
Context: 1,350.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedBerenice/Cygnus Project · metallurgical coalTonnes: 800900000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- metallurgical coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:11680ba13a600d35145d
- Ownership percent
- 50 %
Resource Data
- Category
- indicated
- Tonnes
- 800900000
Prior Estimate
- Resource Date
- 2013-02-23
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Berenice/Cygnus Project has a large indicated resource of metallurgical coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“800.9”
Context: 1,350.1
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBerenice/Cygnus Project · thermal coalTonnes: 124300000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- thermal coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:7f7c8730e98354a16eea
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 124300000
Prior Estimate
- Resource Date
- 2013-02-23
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Berenice/Cygnus Project has an inferred resource of thermal coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“124.3”
Context: 1,350.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBerenice/Cygnus Project · metallurgical coalTonnes: 124300000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- metallurgical coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:7f7c8730e98354a16eea
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 124300000
Prior Estimate
- Resource Date
- 2013-02-23
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Berenice/Cygnus Project has an inferred resource of metallurgical coal, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“124.3”
Context: 1,350.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBerenice/Cygnus Project · thermal coalTonnes: 1350100000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- thermal coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:786e4b61bd7550a01a11
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 1350100000
Prior Estimate
- Resource Date
- 2013-02-23
- Prior Tonnes
- 1350100000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Berenice/Cygnus Project remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“1,350.1”
Context: 1,350.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBerenice/Cygnus Project · metallurgical coalTonnes: 1350100000Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Berenice/Cygnus Project
- Commodity
- metallurgical coal
- Region
- limpopo province
- Reported Region
- Limpopo Province
- Ticker
- TER
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Nico Denner
- Resource group id
- resource:786e4b61bd7550a01a11
- Ownership percent
- 50 %
Resource Data
- Category
- inferred
- Tonnes
- 1350100000
Prior Estimate
- Resource Date
- 2013-02-23
- Prior Tonnes
- 1350100000
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-02-23T00:00:00.000Z
Dates
- Event date
- 2026-10-06T00:00:00.000Z
Reasoning: Total resources for Berenice/Cygnus Project remain unchanged from the prior year, but the estimate is historical, reducing its current relevance and confidence.
Negative factors
- Estimate is historical and may not reflect current conditions
Evidence · table
“1,350.1”
Context: 1,350.1
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.