TGM: TGM Investor Presentation - Australian Gold Conference
Original announcement by asx on
- Company
- Theta Gold Mines Limited
- Ticker
- TGM
- Exchange
- ASX
- Region
- Mpumalanga, South Africa
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Other, Resource update, Capital raise
- Extracted
- 2026-10-14 00:02:57 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Theta Gold Mines Limited released an investor presentation for the Australian Gold Conference, highlighting the progress at its Transvaal Gold Mining Estates (TGME) Project in South Africa. The presentation summarizes the project's robust economics, including a USD 90 million Nordic bond issue completed in June 2026, and provides updates on plant construction, targeting commissioning in Q4 2026 and first gold in Q1 2027. While no new resource or drill results are announced, the presentation includes detailed historical mineral resource and ore reserve statements for the project.
Reasoning: The document is an investor presentation summarizing the company's progress, project status, and historical resource base, with no new material technical results. The funding completion and construction updates are positive but relate to previously announced plans.
Positive factors
- Project development progressing towards commissioning and first gold pour
- Funding secured through Nordic bond issue
- Robust project economics highlighted from prior feasibility study
- Historical resource base provides strong asset backing
Negative factors
- No new material technical results (drilling, resource update) announced in this presentation
- Resource and reserve estimates are historical, effective date 2021
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 45
Classification and evidence
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The mineral resource and ore reserve estimates are explicitly stated as 'Combined as of 1 February 2021' and 'dated 16 May 2019... 8 April 2021', making them over 2 years old.
Evidence · text
“Combined as of 1 February 2021”
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: The document states that Mr Uwe Engelmann and Mr Daniel van Heerden, both members of recognized professional associations, are Competent Persons for the mineral resources and ore reserves.
Evidence · text
“The information in this report relating to mineral resources and ore reserves is based on, and fairly reflects, the information and supporting documentation compiled by Mr Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA), a director of Minxcon (Pty) Ltd and a member of the South African Council for Natural Scientific Professions and Mr Daniel van Heerden (B.Eng. (Mining), M.Com. (Business Management)), member of Engineering Council of South Africa (Pr.Eng. Reg. No. 20050318)), a director of Minxcon (Pty) Ltd and a fellow of the South African Institute of Mining and Metallurgy (FSAIMM Reg. No. 37309).”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The document explicitly states that the mineral resources are prepared by Competent Persons as required under the JORC Code (2012).
Evidence · text
“The estimated Mineral Resources quoted in this release have been prepared by Competent Persons as required under the JORC Code (2012).”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document presents an investor presentation that includes a summary of existing mineral resource and ore reserve estimates.
Evidence · text
“Total Mineral Resources of the 4 Mines included in the DFS - Combined as of 1 February 2021”
Extracted facts
Stored fact records: 40. Some facts used in scoring do not have a stored record.
Resource Estimates (40)
measuredTGME Gold Project · goldTonnes: 69000Grade: 5.37Grade Unit: g/tContained Metal: 15.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:4d509509506c38891c19
- Deposit or zone
- Frankfort Bevetts
Resource Data
- Category
- measured
- Tonnes
- 69000
- Grade
- 5.37
- Grade Unit
- g/t
- Contained Metal
- 15.7
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a Measured resource with a good grade for underground mining, but the estimate is historical and not new.
Positive factors
- High confidence category (Measured)
- Good grade for underground gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“5.37”
Context: 0.091
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 373000Grade: 5.13Grade Unit: g/tContained Metal: 61.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:3217a931c0ed94f995d6
- Deposit or zone
- Frankfort Bevetts
Resource Data
- Category
- indicated
- Tonnes
- 373000
- Grade
- 5.13
- Grade Unit
- g/t
- Contained Metal
- 61.5
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a good grade for underground mining, but the estimate is historical and not new.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for underground gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“5.13”
Context: 0.373
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 895000Grade: 3.8Grade Unit: g/tContained Metal: 109.4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:548ace8236b34afc653e
- Deposit or zone
- CDM Rho
Resource Data
- Category
- indicated
- Tonnes
- 895000
- Grade
- 3.8
- Grade Unit
- g/t
- Contained Metal
- 109.4
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a moderate grade for underground mining, and the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
Negative factors
- Grade is moderate for underground gold
- Estimate is historical (2021)
Evidence · table
“3.80”
Context: 0.895
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 2357000Grade: 6.58Grade Unit: g/tContained Metal: 498.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:d113572cf7d9bd765173
- Deposit or zone
- Beta Beta
Resource Data
- Category
- indicated
- Tonnes
- 2357000
- Grade
- 6.58
- Grade Unit
- g/t
- Contained Metal
- 498.5
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a substantial Indicated resource with a good grade for underground mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for underground gold
- Significant contained metal
Negative factors
- Estimate is historical (2021)
Evidence · table
“6.58”
Context: 2.357
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 919000Grade: 8.2Grade Unit: g/tContained Metal: 242.2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:cd91c4de615396113287
- Deposit or zone
- Rietfontein Rietfontein
Resource Data
- Category
- indicated
- Tonnes
- 919000
- Grade
- 8.2
- Grade Unit
- g/t
- Contained Metal
- 242.2
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a strong grade for underground mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Strong grade for underground gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“8.20”
Context: 0.919
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 140000Grade: 6.34Grade Unit: g/tContained Metal: 28.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:ed11423a2d21228a07a0
- Deposit or zone
- Vaalhoek Vaalhoek
Resource Data
- Category
- indicated
- Tonnes
- 140000
- Grade
- 6.34
- Grade Unit
- g/t
- Contained Metal
- 28.5
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Indicated resource with a good grade for underground mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for underground gold
Negative factors
- Estimate is historical (2021)
- Relatively small tonnage
Evidence · table
“6.34”
Context: 0.140
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 91000Grade: 4.62Grade Unit: g/tContained Metal: 13.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:41851aa271a69e6d6337
- Deposit or zone
- Olifantsgeraamte Olifantsgeraamte
Resource Data
- Category
- indicated
- Tonnes
- 91000
- Grade
- 4.62
- Grade Unit
- g/t
- Contained Metal
- 13.6
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a very small Indicated resource with a moderate grade for underground mining, and the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
Negative factors
- Grade is moderate for underground gold
- Estimate is historical (2021)
- Very small tonnage
Evidence · table
“4.62”
Context: 0.091
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 596000Grade: 4.27Grade Unit: g/tContained Metal: 81.8Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:0efa09721613a9dcae7d
- Deposit or zone
- Frankfort Bevetts
Resource Data
- Category
- inferred
- Tonnes
- 596000
- Grade
- 4.27
- Grade Unit
- g/t
- Contained Metal
- 81.8
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Inferred resource with a moderate grade for underground mining, and the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is moderate for underground gold
- Estimate is historical (2021)
Evidence · table
“4.27”
Context: 0.596
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 1811000Grade: 3.02Grade Unit: g/tContained Metal: 175.9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:3c22e75db07e5c1eb6e6
- Deposit or zone
- CDM Rho
Resource Data
- Category
- inferred
- Tonnes
- 1811000
- Grade
- 3.02
- Grade Unit
- g/t
- Contained Metal
- 175.9
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Inferred resource with a weak grade for underground mining, and the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is weak for underground gold
- Estimate is historical (2021)
Evidence · table
“3.02”
Context: 1.811
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 3367000Grade: 5.43Grade Unit: g/tContained Metal: 587.9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:9145799178943e6c156c
- Deposit or zone
- Beta Beta
Resource Data
- Category
- inferred
- Tonnes
- 3367000
- Grade
- 5.43
- Grade Unit
- g/t
- Contained Metal
- 587.9
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a substantial Inferred resource with a moderate grade for underground mining, but the estimate is historical.
Positive factors
- Moderate grade for underground gold
- Significant contained metal
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
Evidence · table
“5.43”
Context: 3.367
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 1962000Grade: 8.52Grade Unit: g/tContained Metal: 537.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:9ed527e97090a3615ec8
- Deposit or zone
- Rietfontein Rietfontein
Resource Data
- Category
- inferred
- Tonnes
- 1962000
- Grade
- 8.52
- Grade Unit
- g/t
- Contained Metal
- 537.6
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a substantial Inferred resource with a strong grade for underground mining, but the estimate is historical.
Positive factors
- Strong grade for underground gold
- Significant contained metal
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
Evidence · table
“8.52”
Context: 1.962
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 248000Grade: 4.68Grade Unit: g/tContained Metal: 37.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:c6eaf944819bee835e91
- Deposit or zone
- Olifantsgeraamte Olifantsgeraamte
Resource Data
- Category
- inferred
- Tonnes
- 248000
- Grade
- 4.68
- Grade Unit
- g/t
- Contained Metal
- 37.3
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with a moderate grade for underground mining, and the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is moderate for underground gold
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“4.68”
Context: 0.248
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 2980000Grade: 4.77Grade Unit: g/tContained Metal: 456.8Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:1f952bc2a1947af30abb
- Deposit or zone
- Vaalhoek Vaalhoek
Resource Data
- Category
- inferred
- Tonnes
- 2980000
- Grade
- 4.77
- Grade Unit
- g/t
- Contained Metal
- 456.8
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a substantial Inferred resource with a moderate grade for underground mining, but the estimate is historical.
Positive factors
- Moderate grade for underground gold
- Significant contained metal
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
Evidence · table
“4.77”
Context: 2.980
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 30000Grade: 9.47Grade Unit: g/tContained Metal: 9.1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:7fa584320536f2040e49
- Deposit or zone
- Vaalhoek Thelma Leaders
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 9.47
- Grade Unit
- g/t
- Contained Metal
- 9.1
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a very small Inferred resource with a strong grade for underground mining, but the estimate is historical.
Positive factors
- Strong grade for underground gold
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
- Very small tonnage
Evidence · table
“9.47”
Context: 0.030
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 9833000Grade: 5.19Grade Unit: g/tContained Metal: 1642.2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:75aa2297d9c1995d6d4c
- Deposit or zone
- Glynns Lydenburg Glynns
Resource Data
- Category
- inferred
- Tonnes
- 9833000
- Grade
- 5.19
- Grade Unit
- g/t
- Contained Metal
- 1642.2
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a very substantial Inferred resource with a moderate grade for underground mining, but the estimate is historical.
Positive factors
- Moderate grade for underground gold
- Very significant contained metal
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
Evidence · table
“5.19”
Context: 9.833
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 213000Grade: 3.99Grade Unit: g/tContained Metal: 27.3Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:85f795842f771c33693d
- Deposit or zone
- Ponieskrantz Portuguese
Resource Data
- Category
- inferred
- Tonnes
- 213000
- Grade
- 3.99
- Grade Unit
- g/t
- Contained Metal
- 27.3
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with a moderate grade for underground mining, and the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is moderate for underground gold
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“3.99”
Context: 0.213
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 220000Grade: 3.24Grade Unit: g/tContained Metal: 23Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:cc382f2941c756c029f1
- Deposit or zone
- Frankfort Theta Theta
Resource Data
- Category
- inferred
- Tonnes
- 220000
- Grade
- 3.24
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with a weak grade for underground mining, and the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is weak for underground gold
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“3.24”
Context: 0.220
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 193000Grade: 2.92Grade Unit: g/tContained Metal: 18.1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:89f0168a9e70aa020f28
- Deposit or zone
- Nestor Sandstone
Resource Data
- Category
- inferred
- Tonnes
- 193000
- Grade
- 2.92
- Grade Unit
- g/t
- Contained Metal
- 18.1
- Contained Unit
- koz
- Cutoff Grade
- 160
- Cutoff Unit
- cm.g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with a weak grade for underground mining, and the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is weak for underground gold
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“2.92”
Context: 0.193
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 505000Grade: 1.79Grade Unit: g/tContained Metal: 29.1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:ffbae9f1b97c602c4766
- Deposit or zone
- Hermansburg Eluvial
Resource Data
- Category
- indicated
- Tonnes
- 505000
- Grade
- 1.79
- Grade Unit
- g/t
- Contained Metal
- 29.1
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for open pit gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“1.79”
Context: 0.505
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 640000Grade: 2.24Grade Unit: g/tContained Metal: 46Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:00b55b0197bbb44532fd
- Deposit or zone
- DG1 Eluvial
Resource Data
- Category
- indicated
- Tonnes
- 640000
- Grade
- 2.24
- Grade Unit
- g/t
- Contained Metal
- 46
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for open pit gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“2.24”
Context: 0.640
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 1586000Grade: 0.66Grade Unit: g/tContained Metal: 33.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:1de7bdf4bb50f238a84e
- Deposit or zone
- DG2 Eluvial
Resource Data
- Category
- indicated
- Tonnes
- 1586000
- Grade
- 0.66
- Grade Unit
- g/t
- Contained Metal
- 33.5
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a weak grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
Negative factors
- Grade is weak for open pit gold
- Estimate is historical (2021)
Evidence · table
“0.66”
Context: 1.586
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 111000Grade: 17.25Grade Unit: g/tContained Metal: 61.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:e9724dc497405b8a5a39
- Deposit or zone
- Vaalhoek Vaalhoek
Resource Data
- Category
- indicated
- Tonnes
- 111000
- Grade
- 17.25
- Grade Unit
- g/t
- Contained Metal
- 61.7
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Indicated resource with an exceptional grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Exceptional grade for open pit gold
Negative factors
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“17.25”
Context: 0.111
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 397000Grade: 1.02Grade Unit: g/tContained Metal: 13Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:ceb101229d235d00fb39
- Deposit or zone
- Theta & Browns Hill Shale
Resource Data
- Category
- indicated
- Tonnes
- 397000
- Grade
- 1.02
- Grade Unit
- g/t
- Contained Metal
- 13
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a moderate grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
Negative factors
- Grade is moderate for open pit gold
- Estimate is historical (2021)
Evidence · table
“1.02”
Context: 0.397
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 856000Grade: 1.08Grade Unit: g/tContained Metal: 29.7Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:30e2da3562358ac2bca3
- Deposit or zone
- Theta & Browns Hill Bevett's
Resource Data
- Category
- indicated
- Tonnes
- 856000
- Grade
- 1.08
- Grade Unit
- g/t
- Contained Metal
- 29.7
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a moderate grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
Negative factors
- Grade is moderate for open pit gold
- Estimate is historical (2021)
Evidence · table
“1.08”
Context: 0.856
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 651000Grade: 2.41Grade Unit: g/tContained Metal: 50.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:f09d01047b57a3fe945e
- Deposit or zone
- Theta & Browns Hill Upper Theta
Resource Data
- Category
- indicated
- Tonnes
- 651000
- Grade
- 2.41
- Grade Unit
- g/t
- Contained Metal
- 50.5
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for open pit gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“2.41”
Context: 0.651
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 839000Grade: 3.79Grade Unit: g/tContained Metal: 102.2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:9808bd37012fdefa5ad0
- Deposit or zone
- Theta & Browns Hill Lower Theta
Resource Data
- Category
- indicated
- Tonnes
- 839000
- Grade
- 3.79
- Grade Unit
- g/t
- Contained Metal
- 102.2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with an exceptional grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Exceptional grade for open pit gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“3.79”
Context: 0.839
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 373000Grade: 2.51Grade Unit: g/tContained Metal: 30.1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:67a9ba56282a891159a0
- Deposit or zone
- Theta & Browns Hill Beta
Resource Data
- Category
- indicated
- Tonnes
- 373000
- Grade
- 2.51
- Grade Unit
- g/t
- Contained Metal
- 30.1
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for open pit gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“2.51”
Context: 0.373
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 108000Grade: 2.98Grade Unit: g/tContained Metal: 10.4Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:98eb04c0d0d928307202
- Deposit or zone
- Iota Bevett's
Resource Data
- Category
- indicated
- Tonnes
- 108000
- Grade
- 2.98
- Grade Unit
- g/t
- Contained Metal
- 10.4
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Indicated resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for open pit gold
Negative factors
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“2.98”
Context: 0.108
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 897000Grade: 2.33Grade Unit: g/tContained Metal: 67.2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:61fa937f3e388f3914ca
- Deposit or zone
- Iota Upper Rho
Resource Data
- Category
- indicated
- Tonnes
- 897000
- Grade
- 2.33
- Grade Unit
- g/t
- Contained Metal
- 67.2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for open pit gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“2.33”
Context: 0.897
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 981000Grade: 2.51Grade Unit: g/tContained Metal: 79.2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:b18df6dec77539575ba4
- Deposit or zone
- Iota Lower Rho
Resource Data
- Category
- indicated
- Tonnes
- 981000
- Grade
- 2.51
- Grade Unit
- g/t
- Contained Metal
- 79.2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Indicated resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
- Good grade for open pit gold
Negative factors
- Estimate is historical (2021)
Evidence · table
“2.51”
Context: 0.981
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
indicatedTGME Gold Project · goldTonnes: 163000Grade: 1.06Grade Unit: g/tContained Metal: 5.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:f45c5d080b28627de507
- Deposit or zone
- Iota Upper Theta
Resource Data
- Category
- indicated
- Tonnes
- 163000
- Grade
- 1.06
- Grade Unit
- g/t
- Contained Metal
- 5.6
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Indicated resource with a moderate grade for open pit mining, but the estimate is historical.
Positive factors
- Indicated resource category provides reasonable confidence
Negative factors
- Grade is moderate for open pit gold
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“1.06”
Context: 0.163
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 110000Grade: 0.88Grade Unit: g/tContained Metal: 3.1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:044521dd9fa236bfa692
- Deposit or zone
- Hermansburg Eluvial
Resource Data
- Category
- inferred
- Tonnes
- 110000
- Grade
- 0.88
- Grade Unit
- g/t
- Contained Metal
- 3.1
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with a moderate grade for open pit mining, but the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is moderate for open pit gold
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“0.88”
Context: 0.110
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 213000Grade: 20.32Grade Unit: g/tContained Metal: 138.9Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:3068a342ed887243dfe4
- Deposit or zone
- Vaalhoek Vaalhoek
Resource Data
- Category
- inferred
- Tonnes
- 213000
- Grade
- 20.32
- Grade Unit
- g/t
- Contained Metal
- 138.9
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with an exceptional grade for open pit mining, but the estimate is historical.
Positive factors
- Exceptional grade for open pit gold
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“20.32”
Context: 0.213
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 293000Grade: 14.25Grade Unit: g/tContained Metal: 134.1Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:6c6541f19e0ed8aa076f
- Deposit or zone
- Vaalhoek Thelma Leaders
Resource Data
- Category
- inferred
- Tonnes
- 293000
- Grade
- 14.25
- Grade Unit
- g/t
- Contained Metal
- 134.1
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with an exceptional grade for open pit mining, but the estimate is historical.
Positive factors
- Exceptional grade for open pit gold
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“14.25”
Context: 0.293
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 600000Grade: 1.12Grade Unit: g/tContained Metal: 21.5Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:575c9c072898a78be4b3
- Deposit or zone
- Theta & Browns Hill Shale
Resource Data
- Category
- inferred
- Tonnes
- 600000
- Grade
- 1.12
- Grade Unit
- g/t
- Contained Metal
- 21.5
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Inferred resource with a moderate grade for open pit mining, but the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is moderate for open pit gold
- Estimate is historical (2021)
Evidence · table
“1.12”
Context: 0.600
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 451000Grade: 1.17Grade Unit: g/tContained Metal: 17Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:90f2b0309f1e8a6c605c
- Deposit or zone
- Theta & Browns Hill Bevett's
Resource Data
- Category
- inferred
- Tonnes
- 451000
- Grade
- 1.17
- Grade Unit
- g/t
- Contained Metal
- 17
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Inferred resource with a moderate grade for open pit mining, but the estimate is historical.
Negative factors
- Inferred resource category implies lower confidence
- Grade is moderate for open pit gold
- Estimate is historical (2021)
Evidence · table
“1.17”
Context: 0.451
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 948000Grade: 1.86Grade Unit: g/tContained Metal: 56.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:d5b4194687b85ed1f7f1
- Deposit or zone
- Theta & Browns Hill Upper Theta
Resource Data
- Category
- inferred
- Tonnes
- 948000
- Grade
- 1.86
- Grade Unit
- g/t
- Contained Metal
- 56.6
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Inferred resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Good grade for open pit gold
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
Evidence · table
“1.86”
Context: 0.948
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 1384000Grade: 8.06Grade Unit: g/tContained Metal: 358.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:584ce8946529e0803de0
- Deposit or zone
- Theta & Browns Hill Lower Theta
Resource Data
- Category
- inferred
- Tonnes
- 1384000
- Grade
- 8.06
- Grade Unit
- g/t
- Contained Metal
- 358.6
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a substantial Inferred resource with an exceptional grade for open pit mining, but the estimate is historical.
Positive factors
- Exceptional grade for open pit gold
- Significant contained metal
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
Evidence · table
“8.06”
Context: 1.384
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 778000Grade: 2.17Grade Unit: g/tContained Metal: 54.2Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:360e648a3bc70093c840
- Deposit or zone
- Theta & Browns Hill Beta
Resource Data
- Category
- inferred
- Tonnes
- 778000
- Grade
- 2.17
- Grade Unit
- g/t
- Contained Metal
- 54.2
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is an Inferred resource with a good grade for open pit mining, but the estimate is historical.
Positive factors
- Good grade for open pit gold
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
Evidence · table
“2.17”
Context: 0.778
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
inferredTGME Gold Project · goldTonnes: 131000Grade: 5.12Grade Unit: g/tContained Metal: 21.6Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- TGME Gold Project
- Commodity
- gold
- Region
- south_africa
- Reported Region
- Mpumalanga, South Africa
- Ticker
- TGM
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Uwe Engelmann, Daniel van Heerden
- Resource group id
- resource:428724429381a2757c36
- Deposit or zone
- Iota Upper Rho
Resource Data
- Category
- inferred
- Tonnes
- 131000
- Grade
- 5.12
- Grade Unit
- g/t
- Contained Metal
- 21.6
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-02-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2021-02-01T00:00:00.000Z
Dates
- Event date
- 2026-10-13T00:00:00.000Z
Reasoning: This is a small Inferred resource with an exceptional grade for open pit mining, but the estimate is historical.
Positive factors
- Exceptional grade for open pit gold
Negative factors
- Inferred resource category implies lower confidence
- Estimate is historical (2021)
- Small tonnage
Evidence · table
“5.12”
Context: 0.131
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.7 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.