# TKM: Quarterly Activities/Appendix 5B Cash Flow Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03154997 Publisher: asx Original announcement: 2026-10-20T22:01:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-20T22:24:23.861Z Atlas analysis updated: 2026-10-20T22:24:23.861Z - Company: Trek Metals Limited - Ticker: TKM - Exchange: ASX - Region: Western Australia - Primary commodity: Manganese - Secondary commodities: Gold, Copper, Rare earths - Document categories: Drill results, Agreement transaction - Extracted: 2026-10-20 22:24:24 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Trek Metals confirmed a significant shallow, high-grade manganese discovery at the Kuro Prospect within the Christmas Creek Project via maiden RC drilling. The company also secured an exclusive option to acquire the Matrix Manganese Project in Arizona, USA. Reasoning: Maiden RC drilling confirmed a significant high-grade manganese system with multiple intercepts >20% Mn and excellent Mn:Fe ratios. - Positive factor: High-grade manganese discovery confirmed at Kuro Prospect - Positive factor: Significant shallow intercepts \(within 37m of surface\) - Positive factor: Favourable geochemical characteristics \(low iron and phosphorus\) - Positive factor: Strategic US manganese acquisition secured Facts used in scoring: 19 ## Classification and evidence **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: Maiden Phase 1 drilling confirms a significant shallow, high-grade manganese discovery at the Kuro Prospect. Evidence · text > Maiden Phase 1 Reverse Circulation \(RC\) drilling program confirms a significant shallow, high-grade manganese discovery at the Kuro Prospect **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Laboratory assays confirm favourable low-iron and low-phosphorus characteristics. Evidence · text > Laboratory assays confirm favourable low-iron and low-phosphorus characteristics ## Extracted facts Stored fact records: 19. Some facts used in scoring do not have a stored record. ## Drill Results (19) ### 26XCRC020 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-0) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC020 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 34.9 - Grade Unit: % - Intercept: 13 m - From: 0 m - To: 13 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC020:0-13 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Strong manganese grade within a significant intercept. - Positive factor: High grade intercept Evidence · text > 10m @ 42.3% Mn from 13m, within 13m @ 34.9% Mn – 26XCRC020 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC020 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-1) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC020 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 42.3 - Grade Unit: % - Intercept: 10 m - From: 13 m - To: 23 m - Intercept Depth: 13 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC020:13-23 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Very high grade manganese intercept. - Positive factor: Exceptional grade Evidence · text > 10m @ 42.3% Mn from 13m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC026 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-2) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC026 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 23.6 - Grade Unit: % - Intercept: 14 m - From: 0 m - To: 14 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC026:0-14 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 7m @ 40.2% Mn from 7m, within 14m @ 23.6% Mn – 26XCRC026 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC026 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-3) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC026 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 40.2 - Grade Unit: % - Intercept: 7 m - From: 7 m - To: 14 m - Intercept Depth: 7 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC026:7-14 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 7m @ 40.2% Mn from 7m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC007 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-4) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC007 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 44.6 - Grade Unit: % - Intercept: 4 m - From: 0 m - To: 4 m - Intercept Depth: 0 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC007:0-4 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Very high grade manganese intercept from surface. - Positive factor: High grade intercept Evidence · text > 4m @ 44.6% Mn from surface – 26XCRC007 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC028 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-5) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC028 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 31.3 - Grade Unit: % - Intercept: 8 m - From: 28 m - To: 36 m - Intercept Depth: 28 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC028:28-36 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 6m @ 39.0% Mn from 28m, within 8m @ 31.3% Mn – 26XCRC028 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC028 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-6) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC028 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 39 - Grade Unit: % - Intercept: 6 m - From: 28 m - To: 34 m - Intercept Depth: 28 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC028:28-34 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 6m @ 39.0% Mn from 28m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC033 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-7) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC033 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 27.8 - Grade Unit: % - Intercept: 10 m - From: 2 m - To: 12 m - Intercept Depth: 2 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC033:2-12 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 8m @ 32.7% Mn from 3m, within 10m @ 27.8% Mn – 26XCRC033 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC033 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-8) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC033 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 32.7 - Grade Unit: % - Intercept: 8 m - From: 3 m - To: 11 m - Intercept Depth: 3 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC033:3-11 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 8m @ 32.7% Mn from 3m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC065 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-9) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC065 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 20.5 - Grade Unit: % - Intercept: 15 m - From: 6 m - To: 21 m - Intercept Depth: 6 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC065:6-21 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 7m @ 32.3% Mn from 8m, within 15m @ 20.5% Mn – 26XCRC065 #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC065 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-10) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC065 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 32.3 - Grade Unit: % - Intercept: 7 m - From: 8 m - To: 15 m - Intercept Depth: 8 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC065:8-15 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 7m @ 32.3% Mn from 8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-11) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC051 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 19.5 - Grade Unit: % - Intercept: 14 m - From: 10 m - To: 24 m - Intercept Depth: 10 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC051:10-24 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 14m @ 19.5% Mn from 10m in 26XCRC051, including 5m @ 34.6% Mn from 11m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC051 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-12) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC051 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 34.6 - Grade Unit: % - Intercept: 5 m - From: 11 m - To: 16 m - Intercept Depth: 11 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC051:11-16 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 5m @ 34.6% Mn from 11m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC064 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-13) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC064 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 27.5 - Grade Unit: % - Intercept: 6 m - From: 12 m - To: 18 m - Intercept Depth: 12 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC064:12-18 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 6m @ 27.5% Mn from 12m in 26XCRC064, including 3m @ 41.1% Mn from 13m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC064 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-14) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC064 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 41.1 - Grade Unit: % - Intercept: 3 m - From: 13 m - To: 16 m - Intercept Depth: 13 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC064:13-16 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 3m @ 41.1% Mn from 13m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC059 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-15) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC059 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 17.6 - Grade Unit: % - Intercept: 12 m - From: 8 m - To: 20 m - Intercept Depth: 8 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC059:8-20 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 12m @ 17.6% Mn from 8m in 26XCRC059, including 3m @ 29.0% Mn from 15m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC059 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-16) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC059 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 29 - Grade Unit: % - Intercept: 3 m - From: 15 m - To: 18 m - Intercept Depth: 15 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC059:15-18 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 3m @ 29.0% Mn from 15m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC058 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-17) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC058 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 19.8 - Grade Unit: % - Intercept: 8 m - From: 8 m - To: 16 m - Intercept Depth: 8 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC058:8-16 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: Significant manganese intercept. Evidence · text > 8m @ 19.8% Mn from 8m in 26XCRC058, including 2m @ 40.1% Mn from 9m. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ### 26XCRC058 [Link to this fact](https://atlas-staging.minestarters.com/news/tkm-quarterly-activities-appendix-5b-cash-flow-report--9cc90834-6f92-4f34-9348-c913e929ee4a#fact-drill-facts-18) Christmas Creek · manganese #### Identity - Hole ID: 26XCRC058 - Project: Christmas Creek - Commodity: manganese - Region: australia\_wa - Reported Region: australia\_wa - Ticker: TKM #### Geometry - Grade: 40.1 - Grade Unit: % - Intercept: 2 m - From: 9 m - To: 11 m - Intercept Depth: 9 m #### Classification - Program: exploration - Sample Type: drill - Group ID: 26XCRC058:9-11 #### QA/QC - QA/QC Methods: standards #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-10-20T00:00:00.000Z Reasoning: High grade manganese intercept. - Positive factor: High grade intercept Evidence · text > 2m @ 40.1% Mn from 9m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "The Phase 2 program comprised 2,232m of drilling to test newly generated IP anomalies surrounding the initial discovery " ## 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.