# TGM: TGM Investor Presentation - Australian Gold Conference Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40 Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03152104 Publisher: asx Original announcement: 2026-10-13T22:29:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T00:02:56.355Z Atlas analysis updated: 2026-10-14T00:02:56.355Z - 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 Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: Project development progressing towards commissioning and first gold pour - Positive factor: Funding secured through Nordic bond issue - Positive factor: Robust project economics highlighted from prior feasibility study - Positive factor: Historical resource base provides strong asset backing - Negative factor: No new material technical results \(drilling, resource update\) announced in this presentation - Negative factor: 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 Estimate** Polarity: negative Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Compliant** Polarity: positive Definition: 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 Update** Polarity: neutral Definition: 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) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-0) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: High confidence category \(Measured\) - Positive factor: Good grade for underground gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 5.37 Context: 0.091 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-1) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for underground gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 5.13 Context: 0.373 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-2) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Negative factor: Grade is moderate for underground gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 3.80 Context: 0.895 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-3) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for underground gold - Positive factor: Significant contained metal - Negative factor: Estimate is historical \(2021\) Evidence · table > 6.58 Context: 2.357 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-4) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Strong grade for underground gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 8.20 Context: 0.919 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-5) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for underground gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Relatively small tonnage Evidence · table > 6.34 Context: 0.140 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-6) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Negative factor: Grade is moderate for underground gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Very small tonnage Evidence · table > 4.62 Context: 0.091 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-7) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is moderate for underground gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 4.27 Context: 0.596 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-8) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is weak for underground gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 3.02 Context: 1.811 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-9) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Moderate grade for underground gold - Positive factor: Significant contained metal - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) Evidence · table > 5.43 Context: 3.367 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-10) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Strong grade for underground gold - Positive factor: Significant contained metal - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) Evidence · table > 8.52 Context: 1.962 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-11) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is moderate for underground gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 4.68 Context: 0.248 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-12) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Moderate grade for underground gold - Positive factor: Significant contained metal - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) Evidence · table > 4.77 Context: 2.980 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-13) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Strong grade for underground gold - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) - Negative factor: Very small tonnage Evidence · table > 9.47 Context: 0.030 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-14) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Moderate grade for underground gold - Positive factor: Very significant contained metal - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) Evidence · table > 5.19 Context: 9.833 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-15) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is moderate for underground gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 3.99 Context: 0.213 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-16) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is weak for underground gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 3.24 Context: 0.220 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-17) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is weak for underground gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 2.92 Context: 0.193 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-18) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 1.79 Context: 0.505 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-19) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 2.24 Context: 0.640 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-20) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Negative factor: Grade is weak for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 0.66 Context: 1.586 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-21) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Exceptional grade for open pit gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 17.25 Context: 0.111 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-22) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Negative factor: Grade is moderate for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 1.02 Context: 0.397 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-23) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Negative factor: Grade is moderate for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 1.08 Context: 0.856 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-24) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 2.41 Context: 0.651 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-25) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Exceptional grade for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 3.79 Context: 0.839 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-26) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 2.51 Context: 0.373 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-27) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for open pit gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 2.98 Context: 0.108 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-28) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 2.33 Context: 0.897 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-29) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Positive factor: Good grade for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 2.51 Context: 0.981 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-30) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Indicated resource category provides reasonable confidence - Negative factor: Grade is moderate for open pit gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 1.06 Context: 0.163 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-31) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is moderate for open pit gold - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 0.88 Context: 0.110 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-32) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional grade for open pit gold - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 20.32 Context: 0.213 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-33) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional grade for open pit gold - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 14.25 Context: 0.293 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-34) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is moderate for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 1.12 Context: 0.600 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-35) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Inferred resource category implies lower confidence - Negative factor: Grade is moderate for open pit gold - Negative factor: Estimate is historical \(2021\) Evidence · table > 1.17 Context: 0.451 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-36) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Good grade for open pit gold - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) Evidence · table > 1.86 Context: 0.948 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-37) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional grade for open pit gold - Positive factor: Significant contained metal - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) Evidence · table > 8.06 Context: 1.384 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-38) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Good grade for open pit gold - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) Evidence · table > 2.17 Context: 0.778 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/tgm-tgm-investor-presentation-australian-gold-conference--359807f8-8053-4d25-a077-bc993a3e2c40#fact-resource-facts-39) TGME Gold Project · gold Historical result Needs review: historical\_restatement #### 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 factor: Exceptional grade for open pit gold - Negative factor: Inferred resource category implies lower confidence - Negative factor: Estimate is historical \(2021\) - Negative factor: Small tonnage Evidence · table > 5.12 Context: 0.131 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **JORC Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with JORC Code \(Australia\) — high reporting standard. Why it applies: reporting\_standards includes jorc **DFS-Supporting** Polarity: neutral Definition: 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 Estimate** Polarity: negative Definition: 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.